Dynamic Advisor Solutions LLC Has $281,000 Holdings in Rockwell Automation, Inc. (NYSE:ROK)

Dynamic Advisor Solutions LLC lowered its position in Rockwell Automation, Inc. (NYSE:ROK) by 25.7% in the fourth quarter, Holdings Channel.com reports. The fund owned 985 shares of the industrial products company’s stock after selling 340 shares during the period. Dynamic Advisor Solutions LLC’s holdings in Rockwell Automation were worth $281,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the business. Richardson Financial Services Inc. boosted its position in shares of Rockwell Automation by 100.0% during the 3rd quarter. Richardson Financial Services Inc. now owns 96 shares of the industrial products company’s stock valued at $26,000 after purchasing an additional 48 shares in the last quarter. Ashton Thomas Securities LLC acquired a new position in Rockwell Automation in the third quarter valued at approximately $26,000. West Oak Capital LLC boosted its holdings in shares of Rockwell Automation by 455.6% during the 4th quarter. West Oak Capital LLC now owns 100 shares of the industrial products company’s stock worth $29,000 after buying an additional 82 shares in the last quarter. Darwin Wealth Management LLC acquired a new stake in shares of Rockwell Automation during the 3rd quarter worth approximately $34,000. Finally, Strategic Investment Solutions Inc. IL bought a new stake in shares of Rockwell Automation in the 2nd quarter valued at $36,000. Institutional investors and hedge funds own 75.75% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on ROK shares. Robert W. Baird increased their target price on shares of Rockwell Automation from $290.00 to $305.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 26th. UBS Group initiated coverage on shares of Rockwell Automation in a research report on Wednesday, November 13th. They set a “neutral” rating and a $313.00 price objective on the stock. Bank of America upped their price target on Rockwell Automation from $270.00 to $285.00 and gave the stock a “neutral” rating in a research note on Thursday, October 17th. BNP Paribas began coverage on Rockwell Automation in a research note on Wednesday, November 13th. They issued an “outperform” rating and a $345.00 price objective for the company. Finally, KeyCorp raised Rockwell Automation from a “sector weight” rating to an “overweight” rating and set a $345.00 target price on the stock in a research report on Monday, December 9th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $304.16.

Insider Buying and Selling at Rockwell Automation

In related news, VP Scott Genereux sold 278 shares of the stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $302.04, for a total transaction of $83,967.12. Following the completion of the sale, the vice president now owns 3,184 shares in the company, valued at approximately $961,695.36. This trade represents a 8.03 % decrease in their ownership of the stock. The transaction 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 Rockwell Automation stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $266.86, for a total value of $154,511.94. Following the sale, the senior vice president now directly owns 4,576 shares in the company, valued at $1,221,151.36. This trade represents a 11.23 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 36,436 shares of company stock worth $10,832,549. Company insiders own 0.68% of the company’s stock.

Rockwell Automation Stock Performance

Shares of ROK opened at $282.27 on Wednesday. Rockwell Automation, Inc. has a 12-month low of $242.81 and a 12-month high of $307.71. The company has a current ratio of 1.08, a quick ratio of 0.72 and a debt-to-equity ratio of 0.70. The company 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. The stock has a 50-day moving average price of $288.52 and a 200-day moving average price of $275.32.

Rockwell Automation (NYSE:ROK) last issued its earnings results on Thursday, November 7th. The industrial products company reported $2.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.40 by $0.07. The firm had revenue of $2.04 billion for the quarter, compared to analysts’ expectations of $2.06 billion. Rockwell Automation had a net margin of 11.53% and a return on equity of 30.42%. The business’s revenue was down 20.6% on a year-over-year basis. During the same quarter last year, the business earned $3.64 earnings per share. As a group, equities analysts forecast that Rockwell Automation, Inc. will post 9.32 earnings per share for the current fiscal year.

Rockwell Automation Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Monday, November 18th were issued a $1.31 dividend. This represents a $5.24 annualized dividend and a yield of 1.86%. This is an increase from Rockwell Automation’s previous quarterly dividend of $1.25. The ex-dividend date was Monday, November 18th. Rockwell Automation’s dividend payout ratio (DPR) is presently 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.