1,481 Shares in Rockwell Automation, Inc. (NYSE:ROK) Acquired by Cedar Point Capital Partners LLC

Cedar Point Capital Partners LLC bought a new stake in shares of Rockwell Automation, Inc. (NYSE:ROK) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 1,481 shares of the industrial products company’s stock, valued at approximately $460,000.

Other institutional investors also recently modified their holdings of the company. KLCM Advisors Inc. boosted its stake in shares of Rockwell Automation by 16.6% during the 3rd quarter. KLCM Advisors Inc. now owns 1,136 shares of the industrial products company’s stock valued at $325,000 after buying an additional 162 shares during the period. Tokio Marine Asset Management Co. Ltd. lifted its stake in shares of Rockwell Automation by 9.4% in the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 2,728 shares of the industrial products company’s stock valued at $780,000 after purchasing an additional 234 shares during the last quarter. Sequoia Financial Advisors LLC lifted its stake in shares of Rockwell Automation by 676.7% in the 4th quarter. Sequoia Financial Advisors LLC now owns 32,156 shares of the industrial products company’s stock valued at $9,984,000 after purchasing an additional 28,016 shares during the last quarter. Mercer Global Advisors Inc. ADV lifted its stake in shares of Rockwell Automation by 0.9% in the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 11,423 shares of the industrial products company’s stock valued at $3,266,000 after purchasing an additional 97 shares during the last quarter. Finally, Carnegie Capital Asset Management LLC lifted its stake in shares of Rockwell Automation by 5.0% in the 4th quarter. Carnegie Capital Asset Management LLC now owns 85,551 shares of the industrial products company’s stock valued at $26,562,000 after purchasing an additional 4,093 shares during the last quarter. Institutional investors and hedge funds own 75.75% of the company’s stock.

Rockwell Automation Stock Performance

Shares of ROK traded up $3.17 during trading hours on Friday, reaching $280.12. 626,143 shares of the company traded hands, compared to its average volume of 866,051. The stock’s fifty day moving average is $282.51 and its 200 day moving average is $283.77. The stock has a market cap of $32.10 billion, a P/E ratio of 26.66, a price-to-earnings-growth ratio of 2.79 and a beta of 1.43. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.80 and a current ratio of 1.25. 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 quarterly earnings data on Wednesday, January 31st. The industrial products company reported $2.04 EPS for the quarter, missing analysts’ consensus estimates of $2.62 by ($0.58). The company had revenue of $2.05 billion for the quarter, compared to analyst estimates of $2.08 billion. Rockwell Automation had a net margin of 13.35% and a return on equity of 37.22%. During the same period in the prior year, the company posted $2.46 EPS. Equities research analysts anticipate that Rockwell Automation, Inc. will post 11.98 earnings per share for the current fiscal year.

Rockwell Automation Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Monday, May 13th will be paid a $1.25 dividend. The ex-dividend date of this dividend is Friday, May 10th. This represents a $5.00 dividend on an annualized basis and a yield of 1.78%. Rockwell Automation’s payout ratio is currently 47.57%.

Insider Activity at Rockwell Automation

In related news, VP Scott Genereux sold 500 shares of the company’s stock in a transaction dated 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 of the company’s stock, valued at $691,070. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Rockwell Automation news, VP Brian A. Shepherd sold 637 shares of the stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $262.87, for a total value of $167,448.19. Following the sale, the vice president now directly owns 5,088 shares in the company, valued at $1,337,482.56. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Scott Genereux sold 500 shares of the stock in a transaction on Monday, March 4th. The stock was sold at an average price of $290.00, for a total transaction of $145,000.00. Following the completion of the sale, the vice president now owns 2,383 shares in the company, valued at $691,070. The disclosure for this sale can be found here. Insiders have sold a total of 17,877 shares of company stock valued at $5,058,772 over the last quarter. 0.68% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

ROK has been the subject of several analyst reports. UBS Group raised shares of Rockwell Automation from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $305.00 to $360.00 in a research note on Wednesday, January 3rd. Barclays reduced their price objective on shares of Rockwell Automation from $269.00 to $265.00 and set an “underweight” rating for the company in a research note on Tuesday, April 2nd. JPMorgan Chase & Co. reissued an “underweight” rating and set a $254.00 target price on shares of Rockwell Automation in a research report on Thursday, March 21st. Citigroup cut their target price on shares of Rockwell Automation from $330.00 to $322.00 and set a “buy” rating for the company in a research report on Monday, April 8th. Finally, Wells Fargo & Company cut their target price on shares of Rockwell Automation from $357.00 to $320.00 and set an “overweight” rating for the company in a research report on Thursday, February 1st. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $310.08.

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.