Rockwell Automation, Inc. (NYSE:ROK) Shares Sold by Dillon & Associates Inc.

Dillon & Associates Inc. decreased its holdings in Rockwell Automation, Inc. (NYSE:ROK) by 2.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 8,310 shares of the industrial products company’s stock after selling 215 shares during the quarter. Dillon & Associates Inc.’s holdings in Rockwell Automation were worth $2,377,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ROK. West Oak Capital LLC raised its stake in shares of Rockwell Automation by 455.6% in the 4th quarter. West Oak Capital LLC now owns 100 shares of the industrial products company’s stock valued at $29,000 after acquiring an additional 82 shares in the last quarter. Bank of Jackson Hole Trust bought a new stake in Rockwell Automation in the fourth quarter valued at $34,000. SBI Securities Co. Ltd. acquired a new position in Rockwell Automation in the fourth quarter worth $35,000. Flagship Wealth Advisors LLC acquired a new position in Rockwell Automation in the fourth quarter worth $38,000. Finally, Knuff & Co LLC lifted its stake in shares of Rockwell Automation by 41.0% during the fourth quarter. Knuff & Co LLC now owns 141 shares of the industrial products company’s stock valued at $40,000 after acquiring an additional 41 shares during the period. Institutional investors and hedge funds own 75.75% of the company’s stock.

Insider Buying and Selling at Rockwell Automation

In other Rockwell Automation news, VP Isaac Woods sold 895 shares of the stock in a transaction on Friday, January 10th. The stock was sold at an average price of $274.72, for a total transaction of $245,874.40. Following the sale, the vice president now owns 1,198 shares in the company, valued at $329,114.56. This represents a 42.76 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Scott Genereux sold 500 shares of Rockwell Automation stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $290.14, for a total value of $145,070.00. Following the completion of the transaction, the vice president now owns 1,905 shares of the company’s stock, valued at approximately $552,716.70. This trade represents a 20.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 4,352 shares of company stock worth $1,246,298 over the last ninety days. 0.68% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of brokerages have issued reports on ROK. BNP Paribas cut Rockwell Automation from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 11th. Morgan Stanley boosted their price target on Rockwell Automation from $335.00 to $345.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 12th. Stephens upgraded Rockwell Automation from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $275.00 to $350.00 in a research note on Thursday, January 16th. HSBC raised Rockwell Automation from a “hold” rating to a “buy” rating and set a $355.00 price objective for the company in a report on Wednesday, December 11th. Finally, KeyCorp raised shares of Rockwell Automation from a “sector weight” rating to an “overweight” rating and set a $345.00 target price for the company in a report on Monday, December 9th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, Rockwell Automation currently has a consensus rating of “Hold” and a consensus target price of $307.68.

Rockwell Automation Stock Up 0.2 %

ROK stock opened at $258.67 on Monday. The stock has a market cap of $29.25 billion, a P/E ratio of 32.21, a P/E/G ratio of 3.53 and a beta of 1.39. Rockwell Automation, Inc. has a 1-year low of $242.81 and a 1-year high of $308.70. The company has a current ratio of 1.08, a quick ratio of 0.72 and a debt-to-equity ratio of 0.72. The stock’s fifty day simple moving average is $280.13 and its two-hundred day simple moving average is $278.59.

Rockwell Automation (NYSE:ROK) last posted its quarterly earnings results on Monday, February 10th. The industrial products company reported $1.83 EPS for the quarter, topping analysts’ consensus estimates of $1.61 by $0.22. Rockwell Automation had a net margin of 11.38% and a return on equity of 30.17%. Analysts expect that Rockwell Automation, Inc. will post 9.35 EPS for the current year.

Rockwell Automation Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Tuesday, February 18th were paid a $1.31 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $5.24 annualized dividend and a dividend yield of 2.03%. Rockwell Automation’s payout ratio is presently 65.26%.

About Rockwell Automation

Rockwell Automation, Inc provides industrial automation and digital transformation solutions in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. The company operates through three segments, Intelligent Devices, Software & Control, and Lifecycle Services. Its solutions include hardware and software products and services.