Brighton Jones LLC Takes $281,000 Position in Rockwell Automation, Inc. (NYSE:ROK)

Brighton Jones LLC purchased a new position in Rockwell Automation, Inc. (NYSE:ROKFree Report) in the fourth quarter, Holdings Channel reports. The fund purchased 983 shares of the industrial products company’s stock, valued at approximately $281,000.

A number of other hedge funds also recently bought and sold shares of ROK. Gladstone Institutional Advisory LLC raised its stake in shares of Rockwell Automation by 33.2% during the 3rd quarter. Gladstone Institutional Advisory LLC now owns 1,377 shares of the industrial products company’s stock worth $370,000 after buying an additional 343 shares during the period. MCF Advisors LLC raised its position in Rockwell Automation by 95.8% during the fourth quarter. MCF Advisors LLC now owns 2,332 shares of the industrial products company’s stock worth $667,000 after acquiring an additional 1,141 shares during the period. Ameritas Advisory Services LLC lifted its holdings in Rockwell Automation by 99.1% during the fourth quarter. Ameritas Advisory Services LLC now owns 5,187 shares of the industrial products company’s stock valued at $1,482,000 after purchasing an additional 2,582 shares in the last quarter. GSA Capital Partners LLP acquired a new stake in shares of Rockwell Automation in the third quarter valued at about $912,000. Finally, Nomura Asset Management Co. Ltd. increased its stake in shares of Rockwell Automation by 6.0% during the third quarter. Nomura Asset Management Co. Ltd. now owns 34,209 shares of the industrial products company’s stock worth $9,184,000 after purchasing an additional 1,928 shares in the last quarter. Hedge funds and other institutional investors own 75.75% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. Wells Fargo & Company boosted their price objective on Rockwell Automation from $293.00 to $305.00 and gave the stock an “overweight” rating in a research note on Monday, October 7th. JPMorgan Chase & Co. reduced their price objective on Rockwell Automation from $245.00 to $240.00 and set an “underweight” rating for the company in a research note on Wednesday, January 15th. Stephens upgraded Rockwell Automation from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $275.00 to $350.00 in a report on Thursday, January 16th. KeyCorp raised shares of Rockwell Automation from a “sector weight” rating to an “overweight” rating and set a $345.00 target price for the company in a report on Monday, December 9th. Finally, Bank of America raised their price target on shares of Rockwell Automation from $270.00 to $285.00 and gave the stock a “neutral” rating in a research note on Thursday, October 17th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $304.16.

Read Our Latest Research Report on ROK

Rockwell Automation Stock Down 1.4 %

Shares of NYSE:ROK opened at $284.31 on Tuesday. The company has a market capitalization of $32.14 billion, a price-to-earnings ratio of 34.34, a PEG ratio of 3.11 and a beta of 1.36. The company has a current ratio of 1.08, a quick ratio of 0.72 and a debt-to-equity ratio of 0.70. Rockwell Automation, Inc. has a 12-month low of $242.81 and a 12-month high of $307.71. The business has a 50-day moving average price of $288.50 and a 200 day moving average price of $275.25.

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

Rockwell Automation Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Monday, November 18th were paid a $1.31 dividend. This is a positive change from Rockwell Automation’s previous quarterly dividend of $1.25. This represents a $5.24 annualized dividend and a yield of 1.84%. The ex-dividend date of this dividend was Monday, November 18th. Rockwell Automation’s dividend payout ratio is currently 63.29%.

Insider Buying and Selling

In other Rockwell Automation news, CEO Blake D. Moret sold 26,700 shares of the firm’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $298.63, for a total transaction 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Veena M. Lakkundi sold 579 shares of the business’s stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $266.86, for a total value of $154,511.94. Following the completion of the sale, the senior vice president now directly owns 4,576 shares of the company’s stock, valued at $1,221,151.36. The trade was a 11.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 36,436 shares of company stock worth $10,832,549 in the last ninety days. 0.68% of the stock is owned by corporate insiders.

Rockwell Automation Company Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding ROK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Rockwell Automation, Inc. (NYSE:ROKFree Report).

Institutional Ownership by Quarter for Rockwell Automation (NYSE:ROK)

Receive News & Ratings for Rockwell Automation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rockwell Automation and related companies with MarketBeat.com's FREE daily email newsletter.