Colonial Trust Co SC Buys 107 Shares of Rockwell Automation, Inc. (NYSE:ROK)

Colonial Trust Co SC increased its stake in Rockwell Automation, Inc. (NYSE:ROK) by 29.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 473 shares of the industrial products company’s stock after acquiring an additional 107 shares during the period. Colonial Trust Co SC’s holdings in Rockwell Automation were worth $135,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of ROK. West Oak Capital LLC lifted its position in Rockwell Automation by 455.6% in the fourth quarter. West Oak Capital LLC now owns 100 shares of the industrial products company’s stock valued at $29,000 after purchasing an additional 82 shares during the last quarter. Bank of Jackson Hole Trust purchased a new position in shares of Rockwell Automation in the fourth quarter worth $34,000. SBI Securities Co. Ltd. bought a new stake in Rockwell Automation during the 4th quarter valued at $35,000. Parvin Asset Management LLC purchased a new position in shares of Rockwell Automation in the fourth quarter valued at about $36,000. Finally, Flagship Wealth Advisors LLC purchased a new stake in shares of Rockwell Automation during the fourth quarter worth about $38,000. 75.75% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

ROK has been the topic of a number of research analyst reports. Loop Capital boosted their price target on Rockwell Automation from $260.00 to $280.00 and gave the company a “hold” rating in a report on Tuesday, February 25th. Wells Fargo & Company upped their target price on Rockwell Automation from $265.00 to $315.00 and gave the company an “overweight” rating in a report on Thursday. Barclays lifted their price target on shares of Rockwell Automation from $260.00 to $283.00 and gave the company an “equal weight” rating in a report on Thursday. KeyCorp boosted their price objective on shares of Rockwell Automation from $275.00 to $330.00 and gave the company an “overweight” rating in a research report on Thursday. Finally, The Goldman Sachs Group raised their target price on shares of Rockwell Automation from $257.00 to $290.00 and gave the stock a “sell” rating in a research report on Tuesday, February 11th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $305.21.

Rockwell Automation Stock Up 2.9 %

Shares of NYSE:ROK opened at $291.40 on Friday. Rockwell Automation, Inc. has a 12-month low of $215.00 and a 12-month high of $308.70. The stock has a market capitalization of $32.95 billion, a price-to-earnings ratio of 36.29, a PEG ratio of 3.53 and a beta of 1.32. The stock has a fifty day simple moving average of $251.35 and a two-hundred day simple moving average of $273.54. The company has a current ratio of 1.08, a quick ratio of 0.72 and a debt-to-equity ratio of 0.72.

Rockwell Automation (NYSE:ROK) last posted its quarterly earnings results on Wednesday, May 7th. The industrial products company reported $2.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.09 by $0.36. Rockwell Automation had a return on equity of 30.17% and a net margin of 11.38%. The firm had revenue of $2 billion during the quarter, compared to analyst estimates of $1.97 billion. During the same quarter in the previous year, the firm earned $2.50 EPS. Rockwell Automation’s quarterly revenue was down 5.9% compared to the same quarter last year. On average, research 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 declared a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Monday, May 19th will be given a dividend of $1.31 per share. This represents a $5.24 annualized dividend and a dividend yield of 1.80%. The ex-dividend date of this dividend is Monday, May 19th. Rockwell Automation’s dividend payout ratio (DPR) is currently 65.26%.

Insider Buying and Selling

In other news, VP Isaac Woods sold 876 shares of the business’s stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $284.03, for a total transaction of $248,810.28. Following the completion of the transaction, the vice president now directly owns 1,057 shares of the company’s stock, valued at $300,219.71. The trade was a 45.32 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Tessa M. Myers sold 1,231 shares of the firm’s stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $285.43, for a total transaction of $351,364.33. Following the completion of the sale, 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 disclosure for this sale can be found here. Insiders sold a total of 3,750 shares of company stock worth $1,075,923 in the last three months. Insiders own 0.68% of the company’s stock.

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.