1,600 Shares in Rockwell Automation, Inc. (NYSE:ROK) Purchased by Uniting Wealth Partners LLC

Uniting Wealth Partners LLC acquired a new position in Rockwell Automation, Inc. (NYSE:ROK) during the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 1,600 shares of the industrial products company’s stock, valued at approximately $457,000.

Other institutional investors have also added to or reduced their stakes in the company. Meiji Yasuda Asset Management Co Ltd. raised its holdings in shares of Rockwell Automation by 0.9% in the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 3,775 shares of the industrial products company’s stock worth $1,079,000 after buying an additional 33 shares during the period. Whittier Trust Co. lifted its position in shares of Rockwell Automation by 1.9% during the fourth quarter. Whittier Trust Co. now owns 1,896 shares of the industrial products company’s stock worth $542,000 after purchasing an additional 35 shares during the last quarter. Bank Pictet & Cie Europe AG boosted its stake in shares of Rockwell Automation by 0.9% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 4,195 shares of the industrial products company’s stock valued at $1,199,000 after purchasing an additional 38 shares during the period. Lake Street Advisors Group LLC grew its holdings in shares of Rockwell Automation by 3.0% in the fourth quarter. Lake Street Advisors Group LLC now owns 1,351 shares of the industrial products company’s stock worth $386,000 after purchasing an additional 39 shares during the last quarter. Finally, Fortitude Advisory Group L.L.C. increased its stake in Rockwell Automation by 3.8% in the 4th quarter. Fortitude Advisory Group L.L.C. now owns 1,082 shares of the industrial products company’s stock worth $309,000 after buying an additional 40 shares during the period. Institutional investors own 75.75% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Wells Fargo & Company upped their target price on shares of Rockwell Automation from $315.00 to $337.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 11th. Loop Capital raised their price objective on Rockwell Automation from $260.00 to $280.00 and gave the stock a “hold” rating in a report on Tuesday, February 25th. Robert W. Baird upped their target price on Rockwell Automation from $305.00 to $315.00 and gave the stock an “outperform” rating in a report on Tuesday, February 11th. Morgan Stanley upped their price objective on shares of Rockwell Automation from $335.00 to $345.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 12th. Finally, JPMorgan Chase & Co. lowered their price target on shares of Rockwell Automation from $245.00 to $240.00 and set an “underweight” rating for the company in a research report on Wednesday, January 15th. 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’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $307.42.

Insiders Place Their Bets

In other Rockwell Automation news, VP Scott Genereux sold 500 shares of the company’s stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $290.14, for a total transaction of $145,070.00. Following the completion of the transaction, the vice president now directly owns 1,905 shares in the company, valued at approximately $552,716.70. This represents a 20.79 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Isaac Woods sold 895 shares of the stock in a transaction on Friday, January 10th. The shares were sold at an average price of $274.72, for a total transaction of $245,874.40. Following the transaction, the vice president now directly owns 1,198 shares in the company, valued at approximately $329,114.56. The trade was a 42.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 4,352 shares of company stock worth $1,246,298. 0.68% of the stock is owned by corporate insiders.

Rockwell Automation Trading Up 0.8 %

Rockwell Automation stock opened at $260.75 on Thursday. 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 firm has a market cap of $29.48 billion, a PE ratio of 32.47, a P/E/G ratio of 3.53 and a beta of 1.39. The stock’s 50 day simple moving average is $277.15 and its two-hundred day simple moving average is $278.76. Rockwell Automation, Inc. has a 12 month low of $242.81 and a 12 month high of $308.70.

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

Rockwell Automation Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Monday, May 19th will be issued a $1.31 dividend. This represents a $5.24 dividend on an annualized basis and a yield of 2.01%. Rockwell Automation’s payout ratio is 65.26%.

Rockwell Automation Company Profile

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.