Stifel Financial Corp Acquires 9,867 Shares of Rockwell Automation, Inc. (NYSE:ROK)

Stifel Financial Corp grew its holdings in Rockwell Automation, Inc. (NYSE:ROK) by 5.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 206,868 shares of the industrial products company’s stock after acquiring an additional 9,867 shares during the period. Stifel Financial Corp’s holdings in Rockwell Automation were worth $59,124,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of ROK. Virtu Financial LLC bought a new position in Rockwell Automation during the third quarter valued at about $1,348,000. Wilmington Savings Fund Society FSB bought a new position in shares of Rockwell Automation in the 3rd quarter valued at approximately $464,000. Tidal Investments LLC lifted its holdings in Rockwell Automation by 4.3% in the 3rd quarter. Tidal Investments LLC now owns 8,404 shares of the industrial products company’s stock worth $2,256,000 after purchasing an additional 350 shares during the last quarter. Principal Financial Group Inc. boosted its position in Rockwell Automation by 5.8% during the third quarter. Principal Financial Group Inc. now owns 204,679 shares of the industrial products company’s stock worth $54,948,000 after purchasing an additional 11,161 shares during the period. Finally, GAMMA Investing LLC grew its holdings in Rockwell Automation by 17.4% during the fourth quarter. GAMMA Investing LLC now owns 2,347 shares of the industrial products company’s stock valued at $671,000 after purchasing an additional 347 shares during the last quarter. Institutional investors and hedge funds own 75.75% of the company’s stock.

Insider Transactions at Rockwell Automation

In other news, SVP Matheus De A. G. Viera Bulho sold 293 shares of the stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $257.68, for a total transaction of $75,500.24. Following the sale, the senior vice president now owns 1,922 shares in the company, valued at approximately $495,260.96. This represents a 13.23 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Tessa M. Myers sold 1,231 shares of Rockwell Automation stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $285.43, for a total value of $351,364.33. Following the completion of the transaction, the senior vice president now directly owns 3,650 shares of the company’s stock, valued at $1,041,819.50. This represents a 25.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 3,750 shares of company stock valued at $1,075,923. Corporate insiders own 0.68% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on ROK. JPMorgan Chase & Co. decreased their price objective on shares of Rockwell Automation from $248.00 to $201.00 and set an “underweight” rating for the company in a report on Tuesday, April 8th. The Goldman Sachs Group raised their price target on Rockwell Automation from $257.00 to $290.00 and gave the company a “sell” rating in a research report on Tuesday, February 11th. KeyCorp cut their price objective on Rockwell Automation from $345.00 to $275.00 and set an “overweight” rating for the company in a research report on Tuesday, April 8th. Loop Capital raised their target price on Rockwell Automation from $260.00 to $280.00 and gave the company a “hold” rating in a report on Tuesday, February 25th. Finally, Oppenheimer upped their price target on Rockwell Automation from $300.00 to $320.00 and gave the stock an “outperform” rating in a report on Tuesday, February 11th. Three investment analysts have rated the stock with a sell rating, six have given a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $297.11.

Rockwell Automation Trading Up 3.2 %

ROK stock opened at $234.20 on Wednesday. Rockwell Automation, Inc. has a 1-year low of $215.00 and a 1-year 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 business’s 50 day moving average is $260.22 and its 200-day moving average is $274.86. The firm has a market cap of $26.48 billion, a P/E ratio of 29.17, a P/E/G ratio of 3.53 and a beta of 1.39.

Rockwell Automation (NYSE:ROK) last announced its quarterly earnings results on Monday, February 10th. The industrial products company reported $1.83 earnings per share for the quarter, beating 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%. Equities 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 Tuesday, June 10th. Shareholders of record on Monday, May 19th will be paid a dividend of $1.31 per share. The ex-dividend date of this dividend is Monday, May 19th. This represents a $5.24 annualized dividend and a yield of 2.24%. Rockwell Automation’s dividend payout ratio is 65.26%.

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.