Frazier Financial Advisors LLC Invests $621,000 in Rockwell Automation, Inc. (NYSE:ROK)

Frazier Financial Advisors LLC purchased a new position in shares of Rockwell Automation, Inc. (NYSE:ROK) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 2,000 shares of the industrial products company’s stock, valued at approximately $621,000. Rockwell Automation makes up approximately 0.5% of Frazier Financial Advisors LLC’s holdings, making the stock its 21st biggest holding.

A number of other hedge funds have also recently made changes to their positions in ROK. WealthPlan Investment Management LLC purchased a new stake in shares of Rockwell Automation during the 3rd quarter worth $335,000. Tokio Marine Asset Management Co. Ltd. lifted its stake in shares of Rockwell Automation by 9.4% during the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 2,728 shares of the industrial products company’s stock worth $780,000 after purchasing an additional 234 shares during the last quarter. Private Advisor Group LLC raised its stake in Rockwell Automation by 1.9% in the third quarter. Private Advisor Group LLC now owns 11,884 shares of the industrial products company’s stock valued at $3,397,000 after buying an additional 225 shares during the last quarter. US Bancorp DE boosted its holdings in Rockwell Automation by 3.3% in the third quarter. US Bancorp DE now owns 98,292 shares of the industrial products company’s stock worth $28,099,000 after acquiring an additional 3,143 shares in the last quarter. Finally, MGO One Seven LLC boosted its holdings in Rockwell Automation by 7.7% in the third quarter. MGO One Seven LLC now owns 1,254 shares of the industrial products company’s stock worth $358,000 after acquiring an additional 90 shares in the last quarter. 75.75% of the stock is currently owned by hedge funds and other institutional investors.

Rockwell Automation Price Performance

Shares of Rockwell Automation stock traded up $0.45 on Wednesday, hitting $270.81. The company’s stock had a trading volume of 905,140 shares, compared to its average volume of 1,009,318. The company has a market capitalization of $30.87 billion, a price-to-earnings ratio of 26.82, a price-to-earnings-growth ratio of 4.21 and a beta of 1.43. The firm has a fifty day moving average price of $278.51 and a 200-day moving average price of $283.67. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.74 and a current ratio of 1.11. Rockwell Automation, Inc. has a 1 year low of $252.11 and a 1 year high of $348.52.

Rockwell Automation (NYSE:ROK) last announced its earnings results on Wednesday, May 8th. The industrial products company reported $2.50 earnings per share for the quarter, topping the consensus estimate of $2.15 by $0.35. Rockwell Automation had a return on equity of 34.83% and a net margin of 13.19%. The business had revenue of $2.13 billion during the quarter, compared to the consensus estimate of $2.05 billion. During the same period in the prior year, the company posted $3.01 EPS. The business’s quarterly revenue was down 6.6% on a year-over-year basis. As a group, sell-side analysts anticipate that Rockwell Automation, Inc. will post 10.21 earnings per share for the current fiscal year.

Rockwell Automation Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Monday, May 13th will be given a dividend of $1.25 per share. The ex-dividend date is Friday, May 10th. This represents a $5.00 dividend on an annualized basis and a yield of 1.85%. Rockwell Automation’s payout ratio is presently 48.88%.

Analyst Ratings Changes

A number of research analysts have issued reports on ROK shares. Loop Capital decreased their price target on shares of Rockwell Automation from $300.00 to $290.00 and set a “hold” rating for the company in a report on Tuesday, May 14th. JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $254.00 price target on shares of Rockwell Automation in a research report on Thursday, March 21st. Citigroup cut their price objective on Rockwell Automation from $322.00 to $316.00 and set a “buy” rating on the stock in a report on Wednesday, May 8th. Oppenheimer dropped their target price on Rockwell Automation from $324.00 to $300.00 and set an “outperform” rating on the stock in a research report on Thursday, February 1st. Finally, Robert W. Baird decreased their price objective on shares of Rockwell Automation from $310.00 to $304.00 and set an “outperform” rating for the company in a research note on Wednesday, May 8th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $307.93.

Insider Buying and Selling

In related news, VP John M. Miller sold 467 shares of the business’s stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $273.27, for a total transaction of $127,617.09. Following the transaction, the vice president now directly owns 4,800 shares in the company, valued at $1,311,696. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, VP John M. Miller sold 467 shares of the business’s stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $273.27, for a total transaction of $127,617.09. Following the transaction, the vice president now directly owns 4,800 shares in the company, valued at $1,311,696. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Isaac Woods sold 150 shares of the business’s stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $287.59, for a total transaction of $43,138.50. Following the transaction, the vice president now owns 1,199 shares in the company, valued at $344,820.41. The disclosure for this sale can be found here. Over the last three months, insiders have sold 17,006 shares of company stock worth $4,822,904. 0.68% of the stock is 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.