BetterWealth LLC Makes New $211,000 Investment in Rockwell Automation, Inc. (NYSE:ROK)

BetterWealth LLC acquired a new stake in shares of Rockwell Automation, Inc. (NYSE:ROK) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 740 shares of the industrial products company’s stock, valued at approximately $211,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Accredited Investors Inc. boosted its stake in Rockwell Automation by 162,058.5% during the 3rd quarter. Accredited Investors Inc. now owns 1,185,379 shares of the industrial products company’s stock valued at $318,227,000 after purchasing an additional 1,184,648 shares during the period. International Assets Investment Management LLC boosted its position in shares of Rockwell Automation by 29,591.7% in the third quarter. International Assets Investment Management LLC now owns 936,178 shares of the industrial products company’s stock valued at $251,326,000 after acquiring an additional 933,025 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of Rockwell Automation by 33.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,556,292 shares of the industrial products company’s stock worth $417,802,000 after acquiring an additional 390,784 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Rockwell Automation by 6.4% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,128,811 shares of the industrial products company’s stock worth $303,041,000 after acquiring an additional 67,684 shares during the period. Finally, Natixis Advisors LLC raised its stake in Rockwell Automation by 97.4% during the 3rd quarter. Natixis Advisors LLC now owns 119,961 shares of the industrial products company’s stock valued at $32,205,000 after purchasing an additional 59,203 shares during the last quarter. 75.75% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on ROK shares. Morgan Stanley boosted their price objective on shares of Rockwell Automation from $320.00 to $335.00 and gave the stock an “overweight” rating in a report on Friday, November 15th. Citigroup boosted their price target on Rockwell Automation from $313.00 to $345.00 and gave the company a “buy” rating in a research note on Monday, December 9th. JPMorgan Chase & Co. cut their price target on Rockwell Automation from $245.00 to $240.00 and set an “underweight” rating for the company in a report on Wednesday, January 15th. Bank of America lifted their price objective on Rockwell Automation from $270.00 to $285.00 and gave the stock a “neutral” rating in a report on Thursday, October 17th. Finally, Robert W. Baird upped their target price on Rockwell Automation from $290.00 to $305.00 and gave the company an “outperform” rating in a research note on Tuesday, November 26th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, Rockwell Automation currently has an average rating of “Hold” and an average price target of $304.16.

Insider Buying and Selling

In other news, CEO Blake D. Moret sold 26,700 shares of the firm’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $298.63, for a total value of $7,973,421.00. Following the transaction, the chief executive officer now owns 78,115 shares of the company’s stock, valued at approximately $23,327,482.45. This trade represents a 25.47 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP John M. Miller sold 467 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $284.07, for a total transaction of $132,660.69. Following the sale, the vice president now directly owns 4,800 shares of the company’s stock, valued at approximately $1,363,536. This trade represents a 8.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 36,436 shares of company stock worth $10,832,549 in the last quarter. Insiders own 0.68% of the company’s stock.

Rockwell Automation Stock Down 0.7 %

NYSE ROK opened at $282.27 on Wednesday. The stock’s 50 day simple moving average is $288.52 and its 200 day simple moving average is $275.32. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.08 and a quick ratio of 0.72. Rockwell Automation, Inc. has a one year low of $242.81 and a one year high of $307.71. The firm has a market cap of $31.90 billion, a PE ratio of 34.09, a price-to-earnings-growth ratio of 3.11 and a beta of 1.36.

Rockwell Automation (NYSE:ROK) last announced its earnings results on Thursday, November 7th. The industrial products company reported $2.47 earnings per share for the quarter, beating analysts’ consensus estimates of $2.40 by $0.07. The company had revenue of $2.04 billion during the quarter, compared to analyst estimates of $2.06 billion. Rockwell Automation had a return on equity of 30.42% and a net margin of 11.53%. The firm’s quarterly revenue was down 20.6% compared to the same quarter last year. During the same period last year, the company posted $3.64 earnings per share. As a group, sell-side analysts forecast that Rockwell Automation, Inc. will post 9.32 earnings per share for the current fiscal year.

Rockwell Automation Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Monday, November 18th were paid a dividend of $1.31 per share. This is a boost from Rockwell Automation’s previous quarterly dividend of $1.25. This represents a $5.24 annualized dividend and a dividend yield of 1.86%. The ex-dividend date of this dividend was Monday, November 18th. Rockwell Automation’s dividend payout ratio is 63.29%.

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.