Rockwell Automation, Inc. (NYSE:ROK) Shares Bought by Cedar Point Capital Partners LLC

Cedar Point Capital Partners LLC boosted its position in Rockwell Automation, Inc. (NYSE:ROK) by 29.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,116 shares of the industrial products company’s stock after purchasing an additional 255 shares during the period. Cedar Point Capital Partners LLC’s holdings in Rockwell Automation were worth $319,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of ROK. American Century Companies Inc. lifted its stake in Rockwell Automation by 7.5% in the 2nd quarter. American Century Companies Inc. now owns 14,560 shares of the industrial products company’s stock valued at $4,008,000 after buying an additional 1,013 shares in the last quarter. Canada Pension Plan Investment Board lifted its position in shares of Rockwell Automation by 146.5% in the second quarter. Canada Pension Plan Investment Board now owns 18,594 shares of the industrial products company’s stock valued at $5,119,000 after acquiring an additional 11,052 shares in the last quarter. AE Wealth Management LLC boosted its stake in shares of Rockwell Automation by 70.4% during the second quarter. AE Wealth Management LLC now owns 2,004 shares of the industrial products company’s stock valued at $552,000 after acquiring an additional 828 shares during the last quarter. Pacer Advisors Inc. increased its position in Rockwell Automation by 5.9% during the 2nd quarter. Pacer Advisors Inc. now owns 10,500 shares of the industrial products company’s stock worth $2,890,000 after purchasing an additional 581 shares in the last quarter. Finally, ProShare Advisors LLC raised its stake in Rockwell Automation by 8.1% in the 2nd quarter. ProShare Advisors LLC now owns 15,929 shares of the industrial products company’s stock valued at $4,385,000 after purchasing an additional 1,190 shares during the last quarter. 75.75% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have issued reports on ROK shares. UBS Group started coverage on shares of Rockwell Automation in a research note on Wednesday, November 13th. They set a “neutral” rating and a $313.00 price target on the stock. Wells Fargo & Company lifted their target price on shares of Rockwell Automation from $293.00 to $305.00 and gave the stock an “overweight” rating in a research note on Monday, October 7th. Bank of America raised their price objective on Rockwell Automation from $270.00 to $285.00 and gave the stock a “neutral” rating in a report on Thursday, October 17th. BNP Paribas assumed coverage on Rockwell Automation in a research note on Wednesday, November 13th. They issued an “outperform” rating and a $345.00 target price for the company. Finally, Citigroup raised their price target on Rockwell Automation from $313.00 to $345.00 and gave the stock a “buy” rating in a research note on Monday, December 9th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, Rockwell Automation presently has an average rating of “Hold” and a consensus price target of $304.16.

Insider Buying and Selling at Rockwell Automation

In other news, VP Scott Genereux sold 279 shares of the business’s stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $296.13, for a total value of $82,620.27. Following the completion of the sale, the vice president now directly owns 2,891 shares in the company, valued at approximately $856,111.83. The trade was a 8.80 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Veena M. Lakkundi sold 579 shares of Rockwell Automation stock in a transaction on Monday, November 4th. The stock was sold at an average price of $266.86, for a total transaction of $154,511.94. Following the completion of the transaction, the senior vice president now directly owns 4,576 shares of the company’s stock, valued at approximately $1,221,151.36. This represents a 11.23 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 36,436 shares of company stock valued at $10,832,549 in the last three months. Corporate insiders own 0.68% of the company’s stock.

Rockwell Automation Trading Down 0.6 %

ROK opened at $289.09 on Thursday. The firm’s 50 day moving average is $288.37 and its 200-day moving average is $274.81. Rockwell Automation, Inc. has a 52-week low of $242.81 and a 52-week high of $307.71. The company has a quick ratio of 0.72, a current ratio of 1.08 and a debt-to-equity ratio of 0.70. The firm has a market capitalization of $32.68 billion, a P/E ratio of 34.91, a P/E/G ratio of 3.13 and a beta of 1.36.

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

Rockwell Automation Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Monday, November 18th were issued a dividend of $1.31 per share. The ex-dividend date of this dividend was Monday, November 18th. This is an increase from Rockwell Automation’s previous quarterly dividend of $1.25. This represents a $5.24 annualized dividend and a yield of 1.81%. 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.