Brooklyn Investment Group Raises Position in Rockwell Automation, Inc. (NYSE:ROK)

Brooklyn Investment Group boosted its position in Rockwell Automation, Inc. (NYSE:ROK) by 50.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,213 shares of the industrial products company’s stock after purchasing an additional 409 shares during the period. Brooklyn Investment Group’s holdings in Rockwell Automation were worth $347,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Merit Financial Group LLC grew its stake in shares of Rockwell Automation by 51.6% during the 4th quarter. Merit Financial Group LLC now owns 2,752 shares of the industrial products company’s stock worth $787,000 after acquiring an additional 937 shares during the period. Boston Common Asset Management LLC boosted its position in Rockwell Automation by 3.1% during the fourth quarter. Boston Common Asset Management LLC now owns 18,232 shares of the industrial products company’s stock worth $5,211,000 after purchasing an additional 552 shares during the period. Steph & Co. purchased a new position in shares of Rockwell Automation in the fourth quarter worth about $123,000. ARS Wealth Advisors Group LLC bought a new stake in shares of Rockwell Automation in the fourth quarter valued at approximately $237,000. Finally, Burney Co. lifted its stake in shares of Rockwell Automation by 1.6% during the 4th quarter. Burney Co. now owns 3,717 shares of the industrial products company’s stock valued at $1,062,000 after buying an additional 57 shares in the last quarter. 75.75% of the stock is owned by institutional investors.

Rockwell Automation Stock Performance

NYSE:ROK opened at $287.06 on Friday. Rockwell Automation, Inc. has a 1-year low of $242.81 and a 1-year high of $307.71. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.08 and a quick ratio of 0.72. The business has a 50 day moving average of $287.88 and a 200 day moving average of $274.25. The company has a market capitalization of $32.45 billion, a price-to-earnings ratio of 34.67, a PEG ratio of 2.87 and a beta of 1.36.

Rockwell Automation (NYSE:ROK) last announced its quarterly earnings data on Thursday, November 7th. The industrial products company reported $2.47 earnings per share for the quarter, topping analysts’ consensus estimates of $2.40 by $0.07. The firm had revenue of $2.04 billion during the quarter, compared to analyst estimates of $2.06 billion. Rockwell Automation had a net margin of 11.53% and a return on equity of 30.42%. The business’s quarterly revenue was down 20.6% on a year-over-year basis. During the same period in the previous year, the business posted $3.64 EPS. On average, sell-side analysts predict that Rockwell Automation, Inc. will post 9.37 earnings per share for the current fiscal year.

Rockwell Automation Increases Dividend

The business 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. This represents a $5.24 dividend on an annualized basis and a dividend yield of 1.83%. The ex-dividend date was Monday, November 18th. This is a positive change from Rockwell Automation’s previous quarterly dividend of $1.25. Rockwell Automation’s payout ratio is 63.29%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Oppenheimer boosted their target price on shares of Rockwell Automation from $288.00 to $300.00 and gave the company an “outperform” rating in a report on Friday, November 8th. Stephens upgraded Rockwell Automation from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $275.00 to $350.00 in a research note on Thursday. Citigroup raised their target price on Rockwell Automation from $313.00 to $345.00 and gave the stock a “buy” rating in a research note on Monday, December 9th. Robert W. Baird upped their price target on Rockwell Automation from $290.00 to $305.00 and gave the company an “outperform” rating in a research report on Tuesday, November 26th. Finally, Mizuho raised their price objective on shares of Rockwell Automation from $245.00 to $270.00 and gave the company a “neutral” rating in a research report on Thursday, October 17th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and ten have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $304.16.

Insider Activity at Rockwell Automation

In other Rockwell Automation news, SVP Veena M. Lakkundi sold 579 shares of the business’s stock in a transaction that occurred on 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 in the company, valued at approximately $1,221,151.36. The trade was a 11.23 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Blake D. Moret sold 26,700 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $298.63, for a total transaction of $7,973,421.00. Following the completion of the transaction, the chief executive officer now owns 78,115 shares in the company, valued at $23,327,482.45. This represents a 25.47 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 36,436 shares of company stock worth $10,832,549 in the last ninety days. 0.68% of the stock is owned by company insiders.

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.