DiNuzzo Private Wealth Inc. Buys 94 Shares of Rockwell Automation, Inc. (NYSE:ROK)

DiNuzzo Private Wealth Inc. boosted its stake in Rockwell Automation, Inc. (NYSE:ROK) by 40.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 329 shares of the industrial products company’s stock after acquiring an additional 94 shares during the period. DiNuzzo Private Wealth Inc.’s holdings in Rockwell Automation were worth $94,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in ROK. Prospera Financial Services Inc boosted its stake in shares of Rockwell Automation by 0.9% in the 3rd quarter. Prospera Financial Services Inc now owns 4,033 shares of the industrial products company’s stock valued at $1,083,000 after purchasing an additional 37 shares during the last quarter. Fortitude Advisory Group L.L.C. boosted its position in Rockwell Automation by 3.8% during the fourth quarter. Fortitude Advisory Group L.L.C. now owns 1,082 shares of the industrial products company’s stock valued at $309,000 after acquiring an additional 40 shares during the last quarter. Great Valley Advisor Group Inc. grew its holdings in Rockwell Automation by 2.2% during the 3rd quarter. Great Valley Advisor Group Inc. now owns 1,928 shares of the industrial products company’s stock worth $518,000 after acquiring an additional 42 shares during the period. Richardson Financial Services Inc. raised its position in shares of Rockwell Automation by 100.0% in the 3rd quarter. Richardson Financial Services Inc. now owns 96 shares of the industrial products company’s stock worth $26,000 after acquiring an additional 48 shares in the last quarter. Finally, Moran Wealth Management LLC lifted its stake in shares of Rockwell Automation by 2.1% in the 3rd quarter. Moran Wealth Management LLC now owns 2,342 shares of the industrial products company’s stock valued at $629,000 after purchasing an additional 48 shares during the period. Institutional investors and hedge funds own 75.75% of the company’s stock.

Wall Street Analyst Weigh In

ROK has been the topic of several recent analyst reports. KeyCorp raised Rockwell Automation from a “sector weight” rating to an “overweight” rating and set a $345.00 price target on the stock in a research note on Monday, December 9th. Wells Fargo & Company boosted their target price 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. Jefferies Financial Group raised shares of Rockwell Automation from a “hold” rating to a “buy” rating and increased their target price for the stock from $290.00 to $350.00 in a research note on Thursday, December 12th. Bank of America lifted their price target on shares of Rockwell Automation from $270.00 to $285.00 and gave the company a “neutral” rating in a research note on Thursday, October 17th. Finally, Oppenheimer raised their target price on Rockwell Automation from $288.00 to $300.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, Rockwell Automation presently has an average rating of “Hold” and an average price target of $304.16.

Insider Buying and Selling at Rockwell Automation

In other news, VP John M. Miller sold 467 shares of Rockwell Automation stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $284.07, for a total value of $132,660.69. Following the completion of the transaction, the vice president now owns 4,800 shares in the company, valued at $1,363,536. This trade represents a 8.87 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Scott Genereux sold 278 shares of the company’s stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $302.04, for a total transaction of $83,967.12. Following the sale, the vice president now owns 3,184 shares in the company, valued at $961,695.36. The trade was a 8.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 36,436 shares of company stock worth $10,832,549 over the last three months. 0.68% of the stock is currently owned by insiders.

Rockwell Automation Trading Down 0.7 %

NYSE:ROK opened at $282.27 on Wednesday. Rockwell Automation, Inc. has a 52 week low of $242.81 and a 52 week high of $307.71. The firm has a 50-day moving average price of $288.52 and a two-hundred day moving average price of $275.32. The firm has a market cap of $31.90 billion, a price-to-earnings ratio of 34.09, a price-to-earnings-growth ratio of 3.11 and a beta of 1.36. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.72 and a current ratio of 1.08.

Rockwell Automation (NYSE:ROK) last posted its quarterly earnings data on Thursday, November 7th. The industrial products company reported $2.47 earnings per share for the quarter, topping the consensus estimate of $2.40 by $0.07. Rockwell Automation had a return on equity of 30.42% and a net margin of 11.53%. The business had revenue of $2.04 billion for the quarter, compared to analysts’ expectations of $2.06 billion. During the same quarter in the previous year, the firm earned $3.64 earnings per share. The business’s revenue was down 20.6% on a year-over-year basis. On average, equities analysts expect that Rockwell Automation, Inc. will post 9.32 earnings per share for the current fiscal year.

Rockwell Automation Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Monday, November 18th were given a $1.31 dividend. This is a positive change from Rockwell Automation’s previous quarterly dividend of $1.25. The ex-dividend date was Monday, November 18th. This represents a $5.24 annualized dividend and a yield of 1.86%. Rockwell Automation’s payout ratio is currently 63.29%.

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.