Barlow Wealth Partners Inc. Makes New Investment in Rockwell Automation, Inc. (NYSE:ROK)

Barlow Wealth Partners Inc. acquired 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 (SEC). The fund acquired 895 shares of the industrial products company’s stock, valued at approximately $278,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ROK. KLCM Advisors Inc. lifted its stake in shares of Rockwell Automation by 16.6% in the 3rd quarter. KLCM Advisors Inc. now owns 1,136 shares of the industrial products company’s stock valued at $325,000 after purchasing an additional 162 shares during the last quarter. 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.

Insider Activity

In other news, VP Scott Genereux sold 500 shares of the stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $280.52, for a total value of $140,260.00. Following the transaction, the vice president now owns 4,383 shares in the company, valued at approximately $1,229,519.16. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, VP Scott Genereux sold 500 shares of the company’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $280.52, for a total value of $140,260.00. Following the completion of the sale, the vice president now directly owns 4,383 shares of the company’s stock, valued at approximately $1,229,519.16. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Nicholas C. Gangestad sold 1,989 shares of the company’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $288.17, for a total value of $573,170.13. Following the completion of the sale, the chief financial officer now directly owns 12,217 shares of the company’s stock, valued at $3,520,572.89. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 17,240 shares of company stock worth $4,891,324. 0.68% of the stock is currently owned by insiders.

Rockwell Automation Stock Down 1.9 %

NYSE ROK traded down $5.35 during trading hours on Tuesday, hitting $272.04. 2,375,570 shares of the company were exchanged, compared to its average volume of 1,019,828. The company has a 50 day moving average of $281.90 and a two-hundred day moving average of $283.11. The company has a quick ratio of 0.80, a current ratio of 1.25 and a debt-to-equity ratio of 0.76. Rockwell Automation, Inc. has a 52-week low of $252.11 and a 52-week high of $348.52. The firm has a market cap of $31.17 billion, a price-to-earnings ratio of 25.88, a PEG ratio of 2.77 and a beta of 1.43.

Rockwell Automation (NYSE:ROK) last released its quarterly earnings data on Tuesday, May 7th. The industrial products company reported $2.50 EPS for the quarter, beating analysts’ consensus estimates of $2.15 by $0.35. Rockwell Automation had a return on equity of 37.22% and a net margin of 13.35%. The business had revenue of $2.13 billion for the quarter, compared to the consensus estimate of $2.05 billion. During the same quarter in the prior year, the business posted $3.01 EPS. The business’s revenue for the quarter was down 6.6% on a year-over-year basis. Equities research analysts anticipate that Rockwell Automation, Inc. will post 11.98 earnings per share for the current year.

Rockwell Automation Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Monday, May 13th will be issued a $1.25 dividend. The ex-dividend date is Friday, May 10th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.84%. Rockwell Automation’s payout ratio is currently 47.57%.

Wall Street Analysts Forecast Growth

ROK has been the topic of several recent analyst reports. JPMorgan Chase & Co. reaffirmed an “underweight” rating and issued a $254.00 price target on shares of Rockwell Automation in a research note on Thursday, March 21st. Mizuho cut their price objective on Rockwell Automation from $300.00 to $265.00 and set a “neutral” rating on the stock in a report on Thursday, February 1st. Oppenheimer cut their price objective on Rockwell Automation from $324.00 to $300.00 and set an “outperform” rating on the stock in a report on Thursday, February 1st. Berenberg Bank reiterated a “hold” rating and issued a $290.00 price objective (down previously from $330.00) on shares of Rockwell Automation in a report on Wednesday, March 6th. Finally, Wells Fargo & Company cut their price objective on Rockwell Automation from $357.00 to $320.00 and set an “overweight” rating on the stock in a report on Thursday, February 1st. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $310.08.

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.