Isthmus Partners LLC Has $11.10 Million Holdings in Rockwell Automation, Inc. (NYSE:ROK)

Isthmus Partners LLC lifted its position in Rockwell Automation, Inc. (NYSE:ROK) by 2.9% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 42,939 shares of the industrial products company’s stock after acquiring an additional 1,192 shares during the quarter. Isthmus Partners LLC’s holdings in Rockwell Automation were worth $11,095,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ROK. Fifth Third Bancorp raised its stake in Rockwell Automation by 8.5% during the 1st quarter. Fifth Third Bancorp now owns 5,424 shares of the industrial products company’s stock valued at $1,401,000 after purchasing an additional 423 shares during the period. Teacher Retirement System of Texas grew its holdings in shares of Rockwell Automation by 39.1% during the fourth quarter. Teacher Retirement System of Texas now owns 1,063 shares of the industrial products company’s stock valued at $304,000 after buying an additional 299 shares in the last quarter. Allspring Global Investments Holdings LLC grew its holdings in shares of Rockwell Automation by 0.8% during the first quarter. Allspring Global Investments Holdings LLC now owns 5,652 shares of the industrial products company’s stock valued at $1,462,000 after buying an additional 43 shares in the last quarter. Brighton Jones LLC acquired a new position in Rockwell Automation during the fourth quarter valued at $281,000. Finally, Schroder Investment Management Group lifted its stake in Rockwell Automation by 14.9% in the 4th quarter. Schroder Investment Management Group now owns 14,478 shares of the industrial products company’s stock worth $4,135,000 after acquiring an additional 1,872 shares in the last quarter. Institutional investors and hedge funds own 75.75% of the company’s stock.

Analyst Upgrades and Downgrades

ROK has been the subject of a number of research reports. Loop Capital raised their price objective on Rockwell Automation from $280.00 to $290.00 and gave the stock a “hold” rating in a research report on Thursday, May 15th. Oppenheimer raised their price target on shares of Rockwell Automation from $258.00 to $304.00 and gave the stock an “outperform” rating in a report on Thursday, May 8th. BNP Paribas raised shares of Rockwell Automation from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, April 9th. TD Cowen upgraded shares of Rockwell Automation from a “sell” rating to a “hold” rating and set a $275.00 price objective on the stock in a research note on Friday, May 9th. Finally, KeyCorp reiterated an “overweight” rating and issued a $360.00 target price (up previously from $345.00) on shares of Rockwell Automation in a research report on Friday, June 13th. One research analyst has rated the stock with a sell rating, six have given a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $332.00.

Rockwell Automation Stock Down 0.5%

ROK stock opened at $343.14 on Friday. The firm has a market cap of $38.68 billion, a PE ratio of 43.22, a PEG ratio of 3.86 and a beta of 1.38. Rockwell Automation, Inc. has a 1 year low of $215.00 and a 1 year high of $348.43. The company has a fifty day simple moving average of $317.25 and a 200 day simple moving average of $285.11. The company has a current ratio of 1.05, a quick ratio of 0.72 and a debt-to-equity ratio of 0.71.

Rockwell Automation (NYSE:ROK) last posted its earnings results on Wednesday, May 7th. The industrial products company reported $2.45 earnings per share for the quarter, beating the consensus estimate of $2.09 by $0.36. The company had revenue of $2 billion for the quarter, compared to analyst estimates of $1.97 billion. Rockwell Automation had a return on equity of 30.16% and a net margin of 11.38%. The business’s revenue was down 5.9% compared to the same quarter last year. During the same period last year, the company earned $2.50 earnings per share. Sell-side analysts anticipate that Rockwell Automation, Inc. will post 9.35 EPS for the current fiscal year.

Rockwell Automation Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Monday, August 18th will be issued a $1.31 dividend. The ex-dividend date is Monday, August 18th. This represents a $5.24 annualized dividend and a yield of 1.53%. Rockwell Automation’s dividend payout ratio (DPR) is currently 65.99%.

Insider Transactions at Rockwell Automation

In related news, SVP Christopher Nardecchia sold 551 shares of the company’s stock in a transaction on Monday, June 9th. The shares were sold at an average price of $326.31, for a total transaction of $179,796.81. Following the completion of the sale, the senior vice president directly owned 12,711 shares of the company’s stock, valued at approximately $4,147,726.41. This represents a 4.15% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Tessa M. Myers sold 363 shares of the firm’s stock in a transaction on Monday, June 9th. The shares were sold at an average price of $326.32, for a total transaction of $118,454.16. Following the completion of the transaction, the senior vice president owned 4,063 shares in the company, valued at $1,325,838.16. The trade was a 8.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 7,388 shares of company stock worth $2,307,487. 0.68% of the stock is currently owned by company insiders.

Rockwell Automation 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.