Moss Adams Wealth Advisors LLC Buys 59 Shares of Rockwell Automation, Inc. (NYSE:ROK)

Moss Adams Wealth Advisors LLC raised its stake in shares of Rockwell Automation, Inc. (NYSE:ROK) by 5.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,242 shares of the industrial products company’s stock after acquiring an additional 59 shares during the quarter. Moss Adams Wealth Advisors LLC’s holdings in Rockwell Automation were worth $386,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ROK. Bruce G. Allen Investments LLC bought a new position in Rockwell Automation during the 4th quarter valued at about $27,000. OFI Invest Asset Management acquired a new position in shares of Rockwell Automation in the 3rd quarter worth approximately $26,000. Provence Wealth Management Group acquired a new position in shares of Rockwell Automation in the 3rd quarter worth approximately $27,000. BluePath Capital Management LLC bought a new stake in Rockwell Automation during the 3rd quarter worth approximately $29,000. Finally, Fortitude Family Office LLC acquired a new stake in Rockwell Automation during the 4th quarter valued at $46,000. 75.75% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have commented on ROK shares. Berenberg Bank reissued a “hold” rating and set a $290.00 price objective (down previously from $330.00) on shares of Rockwell Automation in a report on Wednesday, March 6th. Citigroup decreased their price target on shares of Rockwell Automation from $322.00 to $316.00 and set a “buy” rating on the stock in a research note on Wednesday. JPMorgan Chase & Co. restated an “underweight” rating and issued a $254.00 price objective on shares of Rockwell Automation in a research report on Thursday, March 21st. Robert W. Baird decreased their price objective on Rockwell Automation from $310.00 to $304.00 and set an “outperform” rating on the stock in a research report on Wednesday. Finally, Barclays dropped their target price on Rockwell Automation from $265.00 to $260.00 and set an “underweight” rating for the company in a research report on Wednesday. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $307.93.

Rockwell Automation Trading Up 0.6 %

Rockwell Automation stock traded up $1.50 during mid-day trading on Wednesday, hitting $273.54. 1,355,362 shares of the company’s stock were exchanged, compared to its average volume of 1,023,598. Rockwell Automation, Inc. has a fifty-two week low of $252.11 and a fifty-two week high of $348.52. The company has a quick ratio of 0.80, a current ratio of 1.25 and a debt-to-equity ratio of 0.76. The firm has a market capitalization of $31.34 billion, a P/E ratio of 26.03, a PEG ratio of 2.77 and a beta of 1.43. The company’s 50 day simple moving average is $281.90 and its 200-day simple moving average is $283.11.

Rockwell Automation (NYSE:ROK) last released its quarterly earnings data on Tuesday, May 7th. The industrial products company reported $2.50 earnings per share for the quarter, beating the consensus estimate of $2.15 by $0.35. Rockwell Automation had a return on equity of 37.22% and a net margin of 13.35%. The business had revenue of $2.13 billion for the quarter, compared to analysts’ expectations of $2.05 billion. During the same quarter in the previous year, the business posted $3.01 EPS. Rockwell Automation’s revenue for the quarter was down 6.6% on a year-over-year basis. On average, equities analysts anticipate that Rockwell Automation, Inc. will post 11.98 earnings per share for the current year.

Rockwell Automation Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Monday, May 13th will be given a $1.25 dividend. The ex-dividend date of this dividend is Friday, May 10th. This represents a $5.00 annualized dividend and a yield of 1.83%. Rockwell Automation’s dividend payout ratio is currently 47.57%.

Insiders Place Their Bets

In other Rockwell Automation news, VP Scott Genereux sold 500 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $290.00, for a total transaction of $145,000.00. Following the completion of the transaction, the vice president now owns 2,383 shares of the company’s stock, valued at approximately $691,070. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, CFO Nicholas C. Gangestad sold 1,989 shares of the business’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $288.17, for a total transaction of $573,170.13. Following the transaction, the chief financial officer now directly owns 12,217 shares in the company, valued at $3,520,572.89. The sale was disclosed in a filing with the SEC, which is available through this link. Also, VP Scott Genereux sold 500 shares of Rockwell Automation stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $290.00, for a total transaction of $145,000.00. Following the completion of the transaction, the vice president now directly owns 2,383 shares of the company’s stock, valued at approximately $691,070. The disclosure for this sale can be found here. In the last 90 days, insiders sold 17,240 shares of company stock worth $4,891,324. Corporate insiders own 0.68% of the company’s stock.

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.