Corient Private Wealth LLC Has $35.46 Million Stake in Rockwell Automation, Inc. (NYSE:ROK)

Corient Private Wealth LLC cut its stake in Rockwell Automation, Inc. (NYSE:ROK) by 10.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 124,059 shares of the industrial products company’s stock after selling 14,947 shares during the period. Corient Private Wealth LLC owned approximately 0.11% of Rockwell Automation worth $35,455,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. West Oak Capital LLC boosted its position in shares of Rockwell Automation by 455.6% during the fourth quarter. West Oak Capital LLC now owns 100 shares of the industrial products company’s stock worth $29,000 after buying an additional 82 shares during the period. Bank of Jackson Hole Trust acquired a new position in Rockwell Automation during the 4th quarter worth approximately $34,000. SBI Securities Co. Ltd. bought a new position in shares of Rockwell Automation during the 4th quarter worth approximately $35,000. Darwin Wealth Management LLC acquired a new stake in shares of Rockwell Automation in the third quarter valued at approximately $34,000. Finally, Knuff & Co LLC lifted its position in shares of Rockwell Automation by 41.0% in the fourth quarter. Knuff & Co LLC now owns 141 shares of the industrial products company’s stock worth $40,000 after purchasing an additional 41 shares in the last quarter. Institutional investors own 75.75% of the company’s stock.

Insiders Place Their Bets

In other news, SVP Tessa M. Myers sold 1,231 shares of the stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $285.43, for a total value of $351,364.33. Following the completion of the transaction, the senior vice president now owns 3,650 shares of the company’s stock, valued at approximately $1,041,819.50. This represents a 25.22 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Scott Genereux sold 500 shares of the firm’s stock in a transaction that occurred 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 sale, the vice president now owns 1,905 shares in the company, valued at approximately $552,716.70. The trade was a 20.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 4,352 shares of company stock worth $1,246,298 over the last three months. Insiders own 0.68% of the company’s stock.

Rockwell Automation Stock Up 0.6 %

Shares of NYSE ROK opened at $261.88 on Tuesday. The stock has a market capitalization of $29.61 billion, a P/E ratio of 32.61, a PEG ratio of 3.53 and a beta of 1.39. The stock’s fifty day moving average is $281.71 and its 200 day moving average is $278.78. Rockwell Automation, Inc. has a 52 week low of $242.81 and a 52 week high of $308.70. 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 (NYSE:ROK) last released its 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%. Sell-side analysts forecast that Rockwell Automation, Inc. will post 9.35 earnings per share for the current fiscal year.

Rockwell Automation Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Tuesday, February 18th were given a dividend of $1.31 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $5.24 annualized dividend and a yield of 2.00%. Rockwell Automation’s dividend payout ratio is currently 65.26%.

Analyst Ratings Changes

Several equities research analysts have issued reports on ROK shares. Citigroup lifted their price target on shares of Rockwell Automation from $345.00 to $350.00 and gave the company a “buy” rating in a research note on Tuesday, February 11th. HSBC upgraded shares of Rockwell Automation from a “hold” rating to a “buy” rating and set a $355.00 price objective on the stock in a research note on Wednesday, December 11th. Jefferies Financial Group upgraded shares of Rockwell Automation from a “hold” rating to a “buy” rating and raised their target price for the company from $290.00 to $350.00 in a research note on Thursday, December 12th. Loop Capital boosted their price target on Rockwell Automation from $260.00 to $280.00 and gave the stock a “hold” rating in a research report on Tuesday, February 25th. Finally, Robert W. Baird raised their price objective on Rockwell Automation from $305.00 to $315.00 and gave the company an “outperform” rating in a research report on Tuesday, February 11th. Three equities research 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, Rockwell Automation has a consensus rating of “Hold” and a consensus target price of $307.68.

Rockwell Automation 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.