Global Retirement Partners LLC Has $418,000 Position in Rockwell Automation, Inc. (NYSE:ROK)

Global Retirement Partners LLC grew its position in Rockwell Automation, Inc. (NYSE:ROK) by 23.8% in the fourth quarter, HoldingsChannel.com reports. The fund owned 1,464 shares of the industrial products company’s stock after buying an additional 281 shares during the quarter. Global Retirement Partners LLC’s holdings in Rockwell Automation were worth $418,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in ROK. Ashton Thomas Securities LLC bought a new position in Rockwell Automation in the 3rd quarter worth approximately $26,000. Richardson Financial Services Inc. lifted its holdings in Rockwell Automation by 100.0% during the third quarter. Richardson Financial Services Inc. now owns 96 shares of the industrial products company’s stock worth $26,000 after acquiring an additional 48 shares in the last quarter. West Oak Capital LLC grew its position 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 purchasing an additional 82 shares during the period. Bank of Jackson Hole Trust bought a new stake in shares of Rockwell Automation during the fourth quarter worth $34,000. Finally, Darwin Wealth Management LLC acquired a new stake in shares of Rockwell Automation in the 3rd quarter valued at about $34,000. Institutional investors own 75.75% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on ROK. Wells Fargo & Company raised their target price on shares of Rockwell Automation from $315.00 to $337.00 and gave the company an “overweight” rating in a research report on Tuesday, February 11th. UBS Group started coverage on shares of Rockwell Automation in a report on Wednesday, November 13th. They issued a “neutral” rating and a $313.00 price objective on the stock. Robert W. Baird lifted their price target on Rockwell Automation from $305.00 to $315.00 and gave the stock an “outperform” rating in a report on Tuesday, February 11th. The Goldman Sachs Group upped their price objective on Rockwell Automation from $257.00 to $290.00 and gave the company a “sell” rating in a report on Tuesday, February 11th. Finally, Oppenheimer lifted their target price on Rockwell Automation from $300.00 to $320.00 and gave the stock an “outperform” rating in a report on Tuesday, February 11th. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have given a buy rating to the company. According to MarketBeat, Rockwell Automation presently has a consensus rating of “Hold” and a consensus target price of $308.05.

Rockwell Automation Trading Down 2.7 %

Shares of ROK opened at $294.95 on Monday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.72 and a current ratio of 1.08. Rockwell Automation, Inc. has a 52-week low of $242.81 and a 52-week high of $308.70. The firm has a market cap of $33.35 billion, a price-to-earnings ratio of 36.73, a PEG ratio of 3.53 and a beta of 1.35. The business’s fifty day moving average is $286.31 and its 200-day moving average is $277.55.

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

Rockwell Automation Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Tuesday, February 18th will be given a $1.31 dividend. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $5.24 dividend on an annualized basis and a yield of 1.78%. Rockwell Automation’s dividend payout ratio is currently 65.26%.

Insiders Place Their Bets

In related news, VP Terry L. Riesterer sold 850 shares of the firm’s stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $300.21, for a total transaction of $255,178.50. Following the sale, the vice president now owns 1,633 shares of the company’s stock, valued at $490,242.93. This trade represents a 34.23 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director James P. Keane sold 2,000 shares of the stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $296.00, for a total value of $592,000.00. Following the completion of the transaction, the director now owns 11,518 shares of the company’s stock, valued at $3,409,328. This represents a 14.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 8,540 shares of company stock valued at $2,527,134. 0.68% of the stock is currently owned by insiders.

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.