Rockwell Automation, Inc. (NYSE:ROK) Shares Purchased by Wahed Invest LLC

Wahed Invest LLC raised its stake in Rockwell Automation, Inc. (NYSE:ROK) by 5.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,944 shares of the industrial products company’s stock after purchasing an additional 162 shares during the quarter. Wahed Invest LLC’s holdings in Rockwell Automation were worth $841,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of ROK. Cypress Advisory Group LLC acquired a new stake in shares of Rockwell Automation in the 4th quarter valued at about $1,337,000. Keel Point LLC grew its stake in Rockwell Automation by 7.7% during the 4th quarter. Keel Point LLC now owns 1,176 shares of the industrial products company’s stock worth $336,000 after buying an additional 84 shares during the last quarter. One68 Global Capital LLC acquired a new stake in shares of Rockwell Automation in the 4th quarter worth about $1,572,000. Parvin Asset Management LLC acquired a new stake in shares of Rockwell Automation in the fourth quarter valued at approximately $36,000. Finally, Rehmann Capital Advisory Group boosted its position in Rockwell Automation by 4.4% during the 4th quarter. Rehmann Capital Advisory Group now owns 1,227 shares of the industrial products company’s stock worth $351,000 after acquiring an additional 52 shares during the period. 75.75% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Rockwell Automation

In other news, SVP Tessa M. Myers sold 1,231 shares of the stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $285.43, for a total value of $351,364.33. Following the transaction, the senior vice president now owns 3,650 shares in the company, valued at $1,041,819.50. This represents a 25.22 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Isaac Woods sold 876 shares of the firm’s stock in a transaction on Friday, February 28th. The stock was sold at an average price of $284.03, for a total value of $248,810.28. Following the completion of the transaction, the vice president now directly owns 1,057 shares in the company, valued at approximately $300,219.71. This represents a 45.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 3,750 shares of company stock worth $1,075,923. 0.68% of the stock is currently owned by company insiders.

Rockwell Automation Price Performance

Shares of NYSE:ROK opened at $249.51 on Friday. 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 stock’s fifty day simple moving average is $253.17 and its two-hundred day simple moving average is $273.73. The stock has a market cap of $28.21 billion, a PE ratio of 31.07, a price-to-earnings-growth ratio of 3.53 and a beta of 1.39.

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

Rockwell Automation Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Monday, May 19th will be paid a $1.31 dividend. The ex-dividend date is Monday, May 19th. This represents a $5.24 dividend on an annualized basis and a yield of 2.10%. Rockwell Automation’s dividend payout ratio (DPR) is currently 65.26%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on ROK shares. JPMorgan Chase & Co. decreased their price target on shares of Rockwell Automation from $248.00 to $201.00 and set an “underweight” rating on the stock in a research report on Tuesday, April 8th. Oppenheimer upped their price target 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. Barclays reduced their target price on shares of Rockwell Automation from $280.00 to $260.00 and set an “equal weight” rating for the company in a research note on Thursday, April 10th. Wells Fargo & Company boosted their price target on Rockwell Automation from $315.00 to $337.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 11th. Finally, Loop Capital upped their price target 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. Three research 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 stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $297.11.

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.