Lindbrook Capital LLC Acquires 63 Shares of Rockwell Automation, Inc. (NYSE:ROK)

Lindbrook Capital LLC increased its holdings in shares of Rockwell Automation, Inc. (NYSE:ROK) by 9.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 707 shares of the industrial products company’s stock after purchasing an additional 63 shares during the quarter. Lindbrook Capital LLC’s holdings in Rockwell Automation were worth $220,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of the business. KLCM Advisors Inc. boosted its holdings in shares of Rockwell Automation by 16.6% during the 3rd quarter. KLCM Advisors Inc. now owns 1,136 shares of the industrial products company’s stock valued at $325,000 after acquiring an additional 162 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. boosted its stake in shares of Rockwell Automation by 9.4% in the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 2,728 shares of the industrial products company’s stock worth $780,000 after buying an additional 234 shares during the last quarter. Sequoia Financial Advisors LLC grew its holdings in shares of Rockwell Automation by 676.7% in the fourth quarter. Sequoia Financial Advisors LLC now owns 32,156 shares of the industrial products company’s stock worth $9,984,000 after acquiring an additional 28,016 shares during the period. Mercer Global Advisors Inc. ADV increased its position in Rockwell Automation by 0.9% during the third quarter. Mercer Global Advisors Inc. ADV now owns 11,423 shares of the industrial products company’s stock valued at $3,266,000 after acquiring an additional 97 shares during the last quarter. Finally, Carnegie Capital Asset Management LLC lifted its holdings in Rockwell Automation by 5.0% in the fourth quarter. Carnegie Capital Asset Management LLC now owns 85,551 shares of the industrial products company’s stock valued at $26,562,000 after acquiring an additional 4,093 shares during the period. 75.75% of the stock is currently owned by institutional investors.

Rockwell Automation Trading Up 1.3 %

ROK stock opened at $273.58 on Tuesday. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.25 and a quick ratio of 0.80. Rockwell Automation, Inc. has a 1-year low of $252.11 and a 1-year high of $348.52. The business has a 50 day simple moving average of $282.72 and a two-hundred day simple moving average of $284.05. The company has a market capitalization of $31.35 billion, a price-to-earnings ratio of 26.03, a PEG ratio of 2.72 and a beta of 1.43.

Rockwell Automation (NYSE:ROK) last released its earnings results on Wednesday, January 31st. The industrial products company reported $2.04 EPS for the quarter, missing the consensus estimate of $2.62 by ($0.58). The company had revenue of $2.05 billion during the quarter, compared to analysts’ expectations of $2.08 billion. Rockwell Automation had a return on equity of 37.22% and a net margin of 13.35%. During the same period last year, the firm posted $2.46 EPS. Research analysts anticipate that Rockwell Automation, Inc. will post 11.98 EPS for the current fiscal year.

Rockwell Automation Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Monday, May 13th will be issued a $1.25 dividend. The ex-dividend date of this dividend is Friday, May 10th. This represents a $5.00 annualized dividend and a dividend yield of 1.83%. Rockwell Automation’s dividend payout ratio (DPR) is 47.57%.

Insider Buying and Selling

In other Rockwell Automation news, VP Scott Genereux sold 500 shares of Rockwell Automation stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $290.00, for a total value of $145,000.00. Following the sale, the vice president now owns 2,383 shares of the company’s stock, valued at approximately $691,070. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Rockwell Automation news, CFO Nicholas C. Gangestad sold 1,989 shares of Rockwell Automation stock in a transaction on Monday, March 4th. The shares were sold at an average price of $288.17, for a total value of $573,170.13. Following the completion of the transaction, the chief financial officer now directly owns 12,217 shares of the company’s stock, valued at approximately $3,520,572.89. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Scott Genereux sold 500 shares of the company’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $290.00, for a total transaction of $145,000.00. Following the sale, the vice president now owns 2,383 shares in the company, valued at $691,070. The disclosure for this sale can be found here. Over the last three months, insiders have sold 17,877 shares of company stock worth $5,058,772. Corporate insiders own 0.68% of the company’s stock.

Analyst Upgrades and Downgrades

ROK has been the subject of a number of recent research reports. JPMorgan Chase & Co. restated an “underweight” rating and set a $254.00 price target on shares of Rockwell Automation in a research note on Thursday, March 21st. Citigroup cut their target price on shares of Rockwell Automation from $330.00 to $322.00 and set a “buy” rating for the company in a research report on Monday, April 8th. Berenberg Bank reiterated a “hold” rating and issued a $290.00 price target (down from $330.00) on shares of Rockwell Automation in a research report on Wednesday, March 6th. Barclays dropped their price target on shares of Rockwell Automation from $269.00 to $265.00 and set an “underweight” rating on the stock in a research note on Tuesday, April 2nd. Finally, UBS Group raised shares of Rockwell Automation from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $305.00 to $360.00 in a research report on Wednesday, January 3rd. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $310.08.

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.