Congress Wealth Management LLC DE Invests $216,000 in Rockwell Automation, Inc. (NYSE:ROK)

Congress Wealth Management LLC DE bought a new stake in Rockwell Automation, Inc. (NYSE:ROK) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 754 shares of the industrial products company’s stock, valued at approximately $216,000.

A number of other institutional investors have also made changes to their positions in ROK. West Oak Capital LLC grew its holdings in 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 acquiring an additional 82 shares during the last quarter. Bank of Jackson Hole Trust acquired a new position in shares of Rockwell Automation during the fourth quarter worth approximately $34,000. SBI Securities Co. Ltd. acquired a new position in shares of Rockwell Automation during the fourth quarter worth approximately $35,000. Flagship Wealth Advisors LLC bought a new stake in shares of Rockwell Automation during the fourth quarter valued at approximately $38,000. Finally, Knuff & Co LLC raised its position in Rockwell Automation by 41.0% in the 4th quarter. Knuff & Co LLC now owns 141 shares of the industrial products company’s stock worth $40,000 after purchasing an additional 41 shares during the last quarter. 75.75% of the stock is owned by institutional investors.

Rockwell Automation Stock Down 3.7 %

NYSE:ROK opened at $258.22 on Monday. Rockwell Automation, Inc. has a 1 year low of $242.81 and a 1 year high of $308.70. The stock has a 50-day moving average price of $278.93 and a two-hundred day moving average price of $278.91. The stock has a market cap of $29.20 billion, a price-to-earnings ratio of 32.16, a PEG ratio of 3.53 and a beta of 1.39. 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 issued its quarterly earnings data on Monday, February 10th. The industrial products company reported $1.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.61 by $0.22. Rockwell Automation had a return on equity of 30.17% and a net margin of 11.38%. As a group, equities analysts expect that Rockwell Automation, Inc. will post 9.35 earnings per share for the current year.

Rockwell Automation Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Tuesday, February 18th were issued a dividend of $1.31 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $5.24 dividend on an annualized basis and a dividend yield of 2.03%. Rockwell Automation’s payout ratio is 65.26%.

Insider Activity at Rockwell Automation

In related news, VP Isaac Woods sold 895 shares of the stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $274.72, for a total transaction of $245,874.40. Following the completion of the transaction, the vice president now directly owns 1,198 shares in the company, valued at approximately $329,114.56. This trade represents a 42.76 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Tessa M. Myers sold 1,231 shares of the business’s stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $285.43, for a total value 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. The trade was a 25.22 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 4,352 shares of company stock valued at $1,246,298. 0.68% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on ROK. BNP Paribas cut Rockwell Automation from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 11th. Stephens raised shares of Rockwell Automation from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $275.00 to $350.00 in a research note on Thursday, January 16th. Jefferies Financial Group raised shares of Rockwell Automation from a “hold” rating to a “buy” rating and boosted their price target for the stock from $290.00 to $350.00 in a research note on Thursday, December 12th. Loop Capital increased their price objective on shares of Rockwell Automation from $260.00 to $280.00 and gave the company a “hold” rating in a report on Tuesday, February 25th. Finally, 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. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, Rockwell Automation has an average rating of “Hold” and an average target price of $307.42.

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.