Mystic Asset Management Inc. Has $637,000 Stake in Rockwell Automation, Inc. (NYSE:ROK)

Mystic Asset Management Inc. trimmed its position in shares of Rockwell Automation, Inc. (NYSE:ROK) by 6.3% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,230 shares of the industrial products company’s stock after selling 150 shares during the quarter. Mystic Asset Management Inc.’s holdings in Rockwell Automation were worth $637,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. MCF Advisors LLC raised its position in shares of Rockwell Automation by 95.8% during the fourth quarter. MCF Advisors LLC now owns 2,332 shares of the industrial products company’s stock worth $667,000 after purchasing an additional 1,141 shares during the period. Ameritas Advisory Services LLC raised its position in shares of Rockwell Automation by 99.1% during the fourth quarter. Ameritas Advisory Services LLC now owns 5,187 shares of the industrial products company’s stock worth $1,482,000 after purchasing an additional 2,582 shares during the period. Nomura Asset Management Co. Ltd. raised its position in shares of Rockwell Automation by 6.0% during the third quarter. Nomura Asset Management Co. Ltd. now owns 34,209 shares of the industrial products company’s stock worth $9,184,000 after purchasing an additional 1,928 shares during the period. Nordea Investment Management AB raised its position in shares of Rockwell Automation by 5.9% during the fourth quarter. Nordea Investment Management AB now owns 462,537 shares of the industrial products company’s stock worth $132,554,000 after purchasing an additional 25,882 shares during the period. Finally, Wellington Management Group LLP raised its position in shares of Rockwell Automation by 7.3% during the third quarter. Wellington Management Group LLP now owns 789 shares of the industrial products company’s stock worth $212,000 after purchasing an additional 54 shares during the period. 75.75% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Rockwell Automation

In other news, VP Scott Genereux sold 500 shares of the stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $290.14, for a total transaction of $145,070.00. Following the completion of the transaction, the vice president now owns 1,905 shares in the company, valued at approximately $552,716.70. This represents a 20.79 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Terry L. Riesterer sold 850 shares of the firm’s stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $300.21, for a total value of $255,178.50. Following the completion of the transaction, the vice president now owns 1,633 shares of the company’s stock, valued at approximately $490,242.93. This represents a 34.23 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 4,352 shares of company stock worth $1,246,298. 0.68% of the stock is owned by company insiders.

Rockwell Automation Stock Up 0.6 %

ROK stock opened at $261.88 on Tuesday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.72 and a current ratio of 1.08. The company has a market capitalization of $29.61 billion, a price-to-earnings ratio of 32.61, a PEG ratio of 3.53 and a beta of 1.39. Rockwell Automation, Inc. has a fifty-two week low of $242.81 and a fifty-two week high of $308.70. The stock has a fifty day moving average of $281.71 and a 200-day moving average of $278.78.

Rockwell Automation (NYSE:ROK) last posted its quarterly earnings results on Monday, February 10th. The industrial products company reported $1.83 earnings per share 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%. As a group, equities research analysts predict that Rockwell Automation, Inc. will post 9.35 earnings per share for the current year.

Rockwell Automation Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Tuesday, February 18th were paid 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 dividend yield of 2.00%. Rockwell Automation’s payout ratio is 65.26%.

Analyst Ratings Changes

ROK has been the subject of a number of analyst reports. Citigroup increased their price target on Rockwell Automation from $345.00 to $350.00 and gave the company a “buy” rating in a research report on Tuesday, February 11th. Morgan Stanley increased their price target on Rockwell Automation from $335.00 to $345.00 and gave the company an “overweight” rating in a research report on Wednesday, February 12th. Barclays lowered their price target on Rockwell Automation from $300.00 to $285.00 and set an “equal weight” rating for the company in a research report on Monday, March 10th. HSBC raised Rockwell Automation from a “hold” rating to a “buy” rating and set a $355.00 price target for the company in a research report on Wednesday, December 11th. Finally, Loop Capital increased their price target on Rockwell Automation from $260.00 to $280.00 and gave the company a “hold” rating in a research report on Tuesday, February 25th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $307.68.

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.