HighPoint Advisor Group LLC Purchases 499 Shares of Rockwell Automation, Inc. (NYSE:ROK)

HighPoint Advisor Group LLC grew its position in Rockwell Automation, Inc. (NYSE:ROK) by 9.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,570 shares of the industrial products company’s stock after acquiring an additional 499 shares during the period. HighPoint Advisor Group LLC’s holdings in Rockwell Automation were worth $1,690,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of ROK. Dynamic Technology Lab Private Ltd bought a new stake in Rockwell Automation in the third quarter valued at approximately $300,000. Townsquare Capital LLC increased its holdings in shares of Rockwell Automation by 13.2% during the 3rd quarter. Townsquare Capital LLC now owns 2,104 shares of the industrial products company’s stock worth $565,000 after acquiring an additional 245 shares during the last quarter. CreativeOne Wealth LLC raised its stake in Rockwell Automation by 9.7% in the 3rd quarter. CreativeOne Wealth LLC now owns 1,088 shares of the industrial products company’s stock valued at $292,000 after acquiring an additional 96 shares during the period. Public Sector Pension Investment Board lifted its holdings in Rockwell Automation by 14.0% during the 3rd quarter. Public Sector Pension Investment Board now owns 4,897 shares of the industrial products company’s stock valued at $1,315,000 after purchasing an additional 600 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. bought a new position in Rockwell Automation during the third quarter worth $589,000. 75.75% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. KeyCorp upgraded shares of Rockwell Automation from a “sector weight” rating to an “overweight” rating and set a $345.00 target price for the company in a research note on Monday, December 9th. Oppenheimer raised their price objective on shares of Rockwell Automation from $300.00 to $320.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 11th. Jefferies Financial Group raised Rockwell Automation from a “hold” rating to a “buy” rating and upped their target price for the company from $290.00 to $350.00 in a research report on Thursday, December 12th. Citigroup lifted their price target on Rockwell Automation from $345.00 to $350.00 and gave the stock a “buy” rating in a report on Tuesday, February 11th. Finally, Loop Capital upped their price objective on Rockwell Automation from $260.00 to $280.00 and gave the company a “hold” rating in a 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 given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $307.42.

Rockwell Automation Trading Down 0.1 %

Shares of Rockwell Automation stock opened at $258.42 on Tuesday. The firm’s 50-day moving average price is $278.36 and its two-hundred day moving average price is $278.91. The company has a market capitalization of $29.22 billion, a price-to-earnings ratio of 32.18, a PEG ratio of 3.53 and a beta of 1.39. 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, Inc. has a 12-month low of $242.81 and a 12-month high of $308.70.

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 analysts’ consensus estimates of $1.61 by $0.22. Rockwell Automation had a net margin of 11.38% and a return on equity of 30.17%. On average, analysts forecast that Rockwell Automation, Inc. will post 9.35 earnings per share for the current fiscal year.

Rockwell Automation Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Tuesday, February 18th were issued a dividend of $1.31 per share. The ex-dividend date was Tuesday, February 18th. This represents a $5.24 dividend on an annualized basis and a dividend yield of 2.03%. Rockwell Automation’s dividend payout ratio (DPR) is currently 65.26%.

Insider Buying and Selling

In related news, VP Terry L. Riesterer sold 850 shares of Rockwell Automation stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $300.21, for a total transaction of $255,178.50. Following the sale, the vice president now directly owns 1,633 shares of the company’s stock, valued at approximately $490,242.93. The trade was a 34.23 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Scott Genereux sold 500 shares of the stock in a transaction that occurred on Monday, March 3rd. The shares were 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 directly owns 1,905 shares of the company’s stock, valued at approximately $552,716.70. The trade was a 20.79 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 4,352 shares of company stock worth $1,246,298 in the last ninety days. 0.68% of the stock is owned by insiders.

Rockwell Automation Company 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.