Advisor OS LLC Takes Position in Rockwell Automation, Inc. (NYSE:ROK)

Advisor OS LLC acquired a new stake in Rockwell Automation, Inc. (NYSE:ROK) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 803 shares of the industrial products company’s stock, valued at approximately $230,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Accredited Investors Inc. boosted its holdings in Rockwell Automation by 162,058.5% in the third quarter. Accredited Investors Inc. now owns 1,185,379 shares of the industrial products company’s stock valued at $318,227,000 after acquiring an additional 1,184,648 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Rockwell Automation by 33.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,556,292 shares of the industrial products company’s stock valued at $417,802,000 after acquiring an additional 390,784 shares during the last quarter. DAVENPORT & Co LLC boosted its holdings in Rockwell Automation by 27.9% in the fourth quarter. DAVENPORT & Co LLC now owns 408,336 shares of the industrial products company’s stock valued at $116,682,000 after acquiring an additional 88,962 shares during the last quarter. Truist Financial Corp boosted its holdings in Rockwell Automation by 229.5% in the fourth quarter. Truist Financial Corp now owns 102,347 shares of the industrial products company’s stock valued at $29,250,000 after acquiring an additional 71,288 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Rockwell Automation by 6.4% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,128,811 shares of the industrial products company’s stock valued at $303,041,000 after acquiring an additional 67,684 shares during the last quarter. Hedge funds and other institutional investors own 75.75% of the company’s stock.

Rockwell Automation Trading Up 1.1 %

Shares of NYSE ROK opened at $287.51 on Friday. The stock’s 50 day moving average price is $286.05 and its two-hundred day moving average price is $278.35. Rockwell Automation, Inc. has a 52-week low of $242.81 and a 52-week high of $308.70. The stock has a market capitalization of $32.51 billion, a P/E ratio of 35.80, a PEG ratio of 3.53 and a beta of 1.35. The company has a quick ratio of 0.72, a current ratio of 1.08 and a debt-to-equity ratio of 0.72.

Rockwell Automation (NYSE:ROK) last announced its quarterly earnings data on Monday, February 10th. The industrial products company reported $1.83 earnings per share (EPS) for the quarter, beating 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%. On average, analysts anticipate 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 will be paid on Monday, March 10th. Shareholders of record on Tuesday, February 18th will be paid a dividend of $1.31 per share. This represents a $5.24 annualized dividend and a yield of 1.82%. The ex-dividend date is Tuesday, February 18th. Rockwell Automation’s payout ratio is currently 65.26%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. Stephens upgraded Rockwell Automation from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $275.00 to $350.00 in a report on Thursday, January 16th. The Goldman Sachs Group boosted their price objective on Rockwell Automation from $257.00 to $290.00 and gave the stock a “sell” rating in a research note on Tuesday, February 11th. HSBC upgraded 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. JPMorgan Chase & Co. reduced their price objective on Rockwell Automation from $245.00 to $240.00 and set an “underweight” rating on the stock in a research note on Wednesday, January 15th. Finally, Barclays boosted their price objective on Rockwell Automation from $285.00 to $300.00 and gave the stock an “equal weight” rating in a research note on Tuesday, February 11th. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Rockwell Automation has a consensus rating of “Hold” and an average target price of $307.55.

Insider Buying and Selling at Rockwell Automation

In other news, SVP Matheus De A. G. Viera Bulho sold 1,304 shares of the stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $299.61, for a total transaction of $390,691.44. Following the sale, the senior vice president now directly owns 1,059 shares in the company, valued at approximately $317,286.99. This represents a 55.18 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Scott Genereux sold 278 shares of the stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $302.04, for a total value of $83,967.12. Following the sale, the vice president now owns 3,184 shares in the company, valued at $961,695.36. The trade was a 8.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 6,540 shares of company stock worth $1,935,134 over the last quarter. 0.68% of the stock is owned by corporate 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.