Kwmg LLC Buys 359 Shares of Rockwell Automation, Inc. (NYSE:ROK)

Kwmg LLC boosted its position in shares of Rockwell Automation, Inc. (NYSE:ROK) by 1.9% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 19,076 shares of the industrial products company’s stock after purchasing an additional 359 shares during the quarter. Kwmg LLC’s holdings in Rockwell Automation were worth $5,558,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in ROK. Envestnet Portfolio Solutions Inc. acquired a new stake in shares of Rockwell Automation during the 3rd quarter worth about $905,000. Envestnet Asset Management Inc. increased its holdings in Rockwell Automation by 46.7% in the 3rd quarter. Envestnet Asset Management Inc. now owns 55,767 shares of the industrial products company’s stock valued at $15,942,000 after buying an additional 17,747 shares during the period. Cary Street Partners Investment Advisory LLC increased its holdings in Rockwell Automation by 1,257.1% in the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 665 shares of the industrial products company’s stock valued at $190,000 after buying an additional 616 shares during the period. Natixis Advisors L.P. increased its holdings in Rockwell Automation by 11.7% in the 3rd quarter. Natixis Advisors L.P. now owns 30,983 shares of the industrial products company’s stock valued at $8,857,000 after buying an additional 3,245 shares during the period. Finally, O Shaughnessy Asset Management LLC increased its holdings in Rockwell Automation by 4.6% in the 3rd quarter. O Shaughnessy Asset Management LLC now owns 7,001 shares of the industrial products company’s stock valued at $2,001,000 after buying an additional 306 shares during the period. Institutional investors and hedge funds own 75.75% of the company’s stock.

Rockwell Automation Price Performance

Shares of ROK stock traded up $0.65 during trading on Wednesday, hitting $266.52. The company had a trading volume of 598,102 shares, compared to its average volume of 985,440. Rockwell Automation, Inc. has a 52 week low of $249.00 and a 52 week high of $348.52. 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 stock’s 50-day moving average is $266.51 and its two-hundred day moving average is $281.83. The stock has a market capitalization of $30.38 billion, a price-to-earnings ratio of 25.63, a price-to-earnings-growth ratio of 4.15 and a beta of 1.37.

Rockwell Automation (NYSE:ROK) last announced its quarterly earnings results on Wednesday, May 8th. The industrial products company reported $2.50 EPS for the quarter, topping analysts’ consensus estimates of $2.15 by $0.35. Rockwell Automation had a return on equity of 34.83% and a net margin of 13.19%. The company had revenue of $2.13 billion during the quarter, compared to analyst estimates of $2.05 billion. During the same quarter last year, the firm posted $3.01 earnings per share. The firm’s revenue was down 6.6% on a year-over-year basis. As a group, analysts predict that Rockwell Automation, Inc. will post 10.14 EPS for the current fiscal year.

Rockwell Automation Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Monday, August 12th will be given a dividend of $1.25 per share. The ex-dividend date of this dividend is Monday, August 12th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.88%. Rockwell Automation’s payout ratio is currently 48.88%.

Insider Activity

In other news, VP John M. Miller sold 467 shares of the company’s stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $273.27, for a total transaction of $127,617.09. Following the sale, the vice president now directly owns 4,800 shares of the company’s stock, valued at approximately $1,311,696. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, VP John M. Miller sold 467 shares of the company’s stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $273.27, for a total transaction of $127,617.09. Following the completion of the sale, the vice president now directly owns 4,800 shares in the company, valued at approximately $1,311,696. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Cyril Perducat sold 659 shares of Rockwell Automation stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $260.11, for a total value of $171,412.49. Following the completion of the sale, the senior vice president now directly owns 4,630 shares in the company, valued at $1,204,309.30. The disclosure for this sale can be found here. Insiders have sold a total of 2,199 shares of company stock valued at $572,750 in the last ninety days. Corporate insiders own 0.68% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Berenberg Bank reissued a “hold” rating and issued a $290.00 target price (down from $330.00) on shares of Rockwell Automation in a report on Wednesday, March 6th. Robert W. Baird decreased their price target on shares of Rockwell Automation from $310.00 to $304.00 and set an “outperform” rating on the stock in a 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 report on Wednesday, May 8th. Barclays decreased their price target on shares of Rockwell Automation from $260.00 to $250.00 and set an “underweight” rating on the stock in a report on Tuesday, June 4th. Finally, Citigroup decreased their price target on shares of Rockwell Automation from $322.00 to $316.00 and set a “buy” rating on the stock in a report on Wednesday, May 8th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, Rockwell Automation presently has an average rating of “Hold” and an average price target of $307.21.

Rockwell Automation Company 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.