M. Kulyk & Associates LLC Invests $248,000 in Rockwell Automation, Inc. (NYSE:ROK)

M. Kulyk & Associates LLC acquired a new stake in shares of Rockwell Automation, Inc. (NYSE:ROK) during the 4th quarter, Holdings Channel.com reports. The fund acquired 800 shares of the industrial products company’s stock, valued at approximately $248,000.

Several other large investors also recently bought and sold shares of the business. OFI Invest Asset Management purchased a new stake in shares of Rockwell Automation during the 3rd quarter valued at about $26,000. Provence Wealth Management Group purchased a new stake in Rockwell Automation in the third quarter worth approximately $27,000. Bruce G. Allen Investments LLC bought a new stake in Rockwell Automation in the 4th quarter worth approximately $27,000. Fortitude Family Office LLC purchased a new stake in Rockwell Automation during the 4th quarter valued at $46,000. Finally, Raleigh Capital Management Inc. lifted its holdings in shares of Rockwell Automation by 24.2% during the 3rd quarter. Raleigh Capital Management Inc. now owns 195 shares of the industrial products company’s stock valued at $56,000 after buying an additional 38 shares during the period. 75.75% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

ROK has been the topic of a number of recent research reports. Robert W. Baird lowered their target price on Rockwell Automation from $310.00 to $304.00 and set an “outperform” rating on the stock in a report on Wednesday, May 8th. Loop Capital lowered their price objective on shares of Rockwell Automation from $300.00 to $290.00 and set a “hold” rating on the stock in a research note on Tuesday. Citigroup cut their target price on shares of Rockwell Automation from $322.00 to $316.00 and set a “buy” rating for the company in a research report on Wednesday, May 8th. Mizuho decreased their price target on shares of Rockwell Automation from $265.00 to $260.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 8th. Finally, JPMorgan Chase & Co. reissued an “underweight” rating and set a $254.00 price objective on shares of Rockwell Automation in a research report on Thursday, March 21st. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $307.93.

Rockwell Automation Price Performance

NYSE ROK traded down $1.35 during trading hours on Friday, reaching $269.76. The company’s stock had a trading volume of 511,109 shares, compared to its average volume of 1,017,189. The company has a quick ratio of 0.74, a current ratio of 1.11 and a debt-to-equity ratio of 0.69. The firm’s 50-day moving average price is $279.54 and its 200-day moving average price is $283.23. Rockwell Automation, Inc. has a 1 year low of $252.11 and a 1 year high of $348.52. The company has a market capitalization of $30.75 billion, a price-to-earnings ratio of 26.37, a PEG ratio of 4.29 and a beta of 1.43.

Rockwell Automation (NYSE:ROK) last released its quarterly earnings data on Wednesday, May 8th. The industrial products company reported $2.50 EPS for the quarter, beating the consensus estimate of $2.15 by $0.35. The business had revenue of $2.13 billion during the quarter, compared to the consensus estimate of $2.05 billion. Rockwell Automation had a net margin of 13.19% and a return on equity of 34.83%. The business’s revenue was down 6.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.01 EPS. On average, equities research analysts predict that Rockwell Automation, Inc. will post 10.17 EPS for the current fiscal year.

Rockwell Automation Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Monday, May 13th will be issued a dividend of $1.25 per share. The ex-dividend date of this dividend is Friday, May 10th. This represents a $5.00 annualized dividend and a dividend yield of 1.85%. Rockwell Automation’s dividend payout ratio (DPR) is 48.88%.

Insider Activity

In related news, VP Scott Genereux sold 500 shares of the business’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $290.00, for a total value of $145,000.00. Following the sale, the vice president now owns 2,383 shares in the company, valued at $691,070. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Rockwell Automation news, VP John M. Miller sold 467 shares of the firm’s stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $273.27, for a total value of $127,617.09. Following the completion of the sale, the vice president now owns 4,800 shares of the company’s stock, valued at $1,311,696. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Scott Genereux sold 500 shares of the business’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $290.00, for a total value of $145,000.00. Following the transaction, the vice president now 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 ninety days, insiders sold 17,006 shares of company stock worth $4,822,904. 0.68% of the stock is currently owned by insiders.

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.