TD Private Client Wealth LLC Grows Stake in Rockwell Automation, Inc. (NYSE:ROK)

TD Private Client Wealth LLC increased its holdings in shares of Rockwell Automation, Inc. (NYSE:ROK) by 33.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,525 shares of the industrial products company’s stock after purchasing an additional 382 shares during the quarter. TD Private Client Wealth LLC’s holdings in Rockwell Automation were worth $436,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Amundi lifted its position in shares of Rockwell Automation by 26.2% during the 4th quarter. Amundi now owns 2,073,594 shares of the industrial products company’s stock worth $580,095,000 after buying an additional 430,498 shares during the last quarter. Proficio Capital Partners LLC purchased a new stake in Rockwell Automation in the fourth quarter valued at $56,887,000. Raymond James Financial Inc. acquired a new position in Rockwell Automation in the fourth quarter valued at $32,532,000. Thrivent Financial for Lutherans grew its holdings in shares of Rockwell Automation by 26.0% during the fourth quarter. Thrivent Financial for Lutherans now owns 514,690 shares of the industrial products company’s stock worth $147,093,000 after purchasing an additional 106,257 shares during the last quarter. Finally, DAVENPORT & Co LLC increased its position in shares of Rockwell Automation by 27.9% during the fourth quarter. DAVENPORT & Co LLC now owns 408,336 shares of the industrial products company’s stock worth $116,682,000 after purchasing an additional 88,962 shares in the last quarter. Hedge funds and other institutional investors own 75.75% of the company’s stock.

Rockwell Automation Trading Up 3.7 %

Shares of ROK opened at $268.25 on Tuesday. Rockwell Automation, Inc. has a twelve month low of $242.81 and a twelve month high of $308.70. The company has a current ratio of 1.08, a quick ratio of 0.72 and a debt-to-equity ratio of 0.72. The firm has a market capitalization of $30.33 billion, a P/E ratio of 33.41, a PEG ratio of 3.53 and a beta of 1.39. The firm’s 50-day moving average is $279.98 and its two-hundred day moving average is $278.67.

Rockwell Automation (NYSE:ROK) last released its quarterly earnings results on Monday, February 10th. The industrial products company reported $1.83 earnings per share for the quarter, topping analysts’ consensus estimates 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, research analysts predict that Rockwell Automation, Inc. will post 9.35 earnings per share for the current fiscal year.

Rockwell Automation Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Tuesday, February 18th were given a $1.31 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $5.24 annualized dividend and a dividend yield of 1.95%. Rockwell Automation’s dividend payout ratio is presently 65.26%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on ROK shares. Barclays dropped their price target on Rockwell Automation from $300.00 to $285.00 and set an “equal weight” rating on the stock in a research note on Monday, March 10th. Loop Capital lifted their target price on shares of Rockwell Automation from $260.00 to $280.00 and gave the company a “hold” rating in a report on Tuesday, February 25th. The Goldman Sachs Group increased their price target on shares of Rockwell Automation from $257.00 to $290.00 and gave the stock a “sell” rating in a research note on Tuesday, February 11th. BNP Paribas lowered shares of Rockwell Automation from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 11th. Finally, Oppenheimer increased their target price on shares of Rockwell Automation from $300.00 to $320.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 11th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $307.68.

Insider Activity at Rockwell Automation

In related news, VP Terry L. Riesterer sold 850 shares of the company’s stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $300.21, for a total value of $255,178.50. Following the sale, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Scott Genereux sold 500 shares of the firm’s stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $290.14, for a total value of $145,070.00. Following the transaction, the vice president now directly owns 1,905 shares of the company’s stock, valued at $552,716.70. The trade was a 20.79 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 4,352 shares of company stock valued at $1,246,298. Insiders own 0.68% of the company’s stock.

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.