684 Shares in Rockwell Automation, Inc. (NYSE:ROK) Acquired by Concord Investment Counsel Inc.

Concord Investment Counsel Inc. purchased a new position in Rockwell Automation, Inc. (NYSE:ROK) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 684 shares of the industrial products company’s stock, valued at approximately $199,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Valeo Financial Advisors LLC increased its holdings in Rockwell Automation by 1.9% in the 4th quarter. Valeo Financial Advisors LLC now owns 1,915 shares of the industrial products company’s stock valued at $595,000 after acquiring an additional 35 shares during the last quarter. Bison Wealth LLC raised its position in shares of Rockwell Automation by 3.3% during the 4th quarter. Bison Wealth LLC now owns 1,168 shares of the industrial products company’s stock valued at $363,000 after buying an additional 37 shares in the last quarter. Quadrant Capital Group LLC lifted its holdings in shares of Rockwell Automation by 3.4% in the 4th quarter. Quadrant Capital Group LLC now owns 1,115 shares of the industrial products company’s stock valued at $346,000 after acquiring an additional 37 shares during the last quarter. Hazlett Burt & Watson Inc. grew its position in Rockwell Automation by 17.5% in the first quarter. Hazlett Burt & Watson Inc. now owns 248 shares of the industrial products company’s stock worth $72,000 after acquiring an additional 37 shares in the last quarter. Finally, Raleigh Capital Management Inc. increased its stake in Rockwell Automation by 24.2% during the third quarter. Raleigh Capital Management Inc. now owns 195 shares of the industrial products company’s stock worth $56,000 after acquiring an additional 38 shares during the last quarter. Hedge funds and other institutional investors own 75.75% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on ROK. Loop Capital cut their price objective on shares of Rockwell Automation from $300.00 to $290.00 and set a “hold” rating on the stock in a research report on Tuesday, May 14th. Robert W. Baird cut their target price on Rockwell Automation from $310.00 to $304.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 8th. Mizuho dropped their price objective on Rockwell Automation from $265.00 to $260.00 and set a “neutral” rating for the company in a report on Wednesday, May 8th. Citigroup decreased their target price on Rockwell Automation from $322.00 to $316.00 and set a “buy” rating for the company in a research report on Wednesday, May 8th. Finally, Barclays lowered their price objective on shares of Rockwell Automation from $250.00 to $245.00 and set an “underweight” rating for the company in a research report on Wednesday. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $300.71.

Insider Buying and Selling at Rockwell Automation

In other news, SVP Tessa M. Myers sold 248 shares of the stock in a transaction on Friday, June 7th. The shares were sold at an average price of $256.37, for a total value of $63,579.76. Following the sale, the senior vice president now owns 4,246 shares in the company, valued at $1,088,547.02. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, SVP Tessa M. Myers sold 248 shares of the firm’s stock in a transaction dated Friday, June 7th. The stock was sold at an average price of $256.37, for a total transaction of $63,579.76. Following the sale, the senior vice president now directly owns 4,246 shares of the company’s stock, valued at $1,088,547.02. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP Tessa M. Myers sold 528 shares of the business’s stock in a transaction that occurred on Tuesday, June 11th. The shares were sold at an average price of $253.78, for a total value of $133,995.84. Following the completion of the transaction, the senior vice president now directly owns 3,718 shares of the company’s stock, valued at $943,554.04. The disclosure for this sale can be found here. In the last ninety days, insiders sold 2,199 shares of company stock worth $572,750. Company insiders own 0.68% of the company’s stock.

Rockwell Automation Stock Up 3.0 %

Shares of ROK traded up $8.26 during mid-day trading on Friday, hitting $282.49. 540,895 shares of the company traded hands, compared to its average volume of 984,900. The company has a market capitalization of $32.20 billion, a PE ratio of 27.33, a price-to-earnings-growth ratio of 4.38 and a beta of 1.37. The company has a quick ratio of 0.74, a current ratio of 1.11 and a debt-to-equity ratio of 0.69. The business has a 50 day moving average of $264.65 and a 200 day moving average of $279.33. Rockwell Automation, Inc. has a 1-year low of $249.00 and a 1-year high of $348.52.

Rockwell Automation (NYSE:ROK) last posted its quarterly earnings results on Wednesday, May 8th. The industrial products company reported $2.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.15 by $0.35. Rockwell Automation had a net margin of 13.19% and a return on equity of 34.83%. The business had revenue of $2.13 billion during the quarter, compared to analysts’ expectations of $2.05 billion. During the same quarter last year, the company posted $3.01 earnings per share. The business’s quarterly revenue was down 6.6% on a year-over-year basis. Equities research analysts anticipate that Rockwell Automation, Inc. will post 10.15 EPS for the current year.

Rockwell Automation Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Investors of record on Monday, August 12th will be issued a $1.25 dividend. The ex-dividend date is Monday, August 12th. This represents a $5.00 annualized dividend and a yield of 1.77%. Rockwell Automation’s dividend payout ratio (DPR) is presently 48.88%.

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.