Bartlett & CO. Wealth Management LLC Has $9.24 Million Stake in Rockwell Automation, Inc. (NYSE:ROK)

Bartlett & CO. Wealth Management LLC decreased its holdings in Rockwell Automation, Inc. (NYSE:ROK) by 3.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 32,318 shares of the industrial products company’s stock after selling 1,294 shares during the period. Bartlett & CO. Wealth Management LLC’s holdings in Rockwell Automation were worth $9,236,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Ashton Thomas Securities LLC acquired a new position in shares of Rockwell Automation in the 3rd quarter valued at about $26,000. Richardson Financial Services Inc. raised its position in Rockwell Automation by 100.0% during the third quarter. Richardson Financial Services Inc. now owns 96 shares of the industrial products company’s stock valued at $26,000 after acquiring an additional 48 shares in the last quarter. West Oak Capital LLC lifted its stake in Rockwell Automation by 455.6% in the fourth quarter. West Oak Capital LLC now owns 100 shares of the industrial products company’s stock valued at $29,000 after acquiring an additional 82 shares during the last quarter. Darwin Wealth Management LLC acquired a new stake in Rockwell Automation in the third quarter valued at approximately $34,000. Finally, Strategic Investment Solutions Inc. IL acquired a new stake in Rockwell Automation in the second quarter valued at approximately $36,000. Institutional investors and hedge funds own 75.75% of the company’s stock.

Rockwell Automation Stock Down 0.6 %

Shares of ROK stock opened at $289.09 on Thursday. The stock has a market cap of $32.68 billion, a P/E ratio of 34.91, a price-to-earnings-growth ratio of 3.13 and a beta of 1.36. Rockwell Automation, Inc. has a one year low of $242.81 and a one year high of $307.71. The stock has a fifty day moving average price of $288.32 and a 200 day moving average price of $274.71. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.08 and a quick ratio of 0.72.

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

Rockwell Automation Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Monday, November 18th were paid a $1.31 dividend. The ex-dividend date was Monday, November 18th. This is a positive change from Rockwell Automation’s previous quarterly dividend of $1.25. This represents a $5.24 dividend on an annualized basis and a dividend yield of 1.81%. Rockwell Automation’s dividend payout ratio (DPR) is 63.29%.

Insider Activity

In related news, CEO Blake D. Moret sold 26,700 shares of Rockwell Automation stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $298.63, for a total value of $7,973,421.00. Following the completion of the sale, the chief executive officer now directly owns 78,115 shares in the company, valued at $23,327,482.45. This trade represents a 25.47 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Veena M. Lakkundi sold 579 shares of Rockwell Automation stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $266.86, for a total value of $154,511.94. Following the completion of the sale, the senior vice president now owns 4,576 shares of the company’s stock, valued at approximately $1,221,151.36. The trade was a 11.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 36,436 shares of company stock worth $10,832,549. 0.68% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on ROK shares. Oppenheimer lifted their target price on shares of Rockwell Automation from $288.00 to $300.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. Barclays reduced their target price on shares of Rockwell Automation from $290.00 to $285.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 8th. JPMorgan Chase & Co. lowered their price target on Rockwell Automation from $245.00 to $240.00 and set an “underweight” rating on the stock in a report on Wednesday, January 15th. Morgan Stanley lifted their price target on shares of Rockwell Automation from $320.00 to $335.00 and gave the company an “overweight” rating in a research report on Friday, November 15th. Finally, Wells Fargo & Company lifted their price target on shares of Rockwell Automation from $293.00 to $305.00 and gave the company an “overweight” rating in a research report on Monday, October 7th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $304.16.

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.