L. Roy Papp & Associates LLP Has $5.15 Million Stake in Rockwell Automation, Inc. (NYSE:ROK)

L. Roy Papp & Associates LLP grew its stake in Rockwell Automation, Inc. (NYSE:ROK) by 3.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 18,006 shares of the industrial products company’s stock after buying an additional 608 shares during the period. L. Roy Papp & Associates LLP’s holdings in Rockwell Automation were worth $5,146,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in ROK. Gladstone Institutional Advisory LLC lifted its holdings in Rockwell Automation by 33.2% in the 3rd quarter. Gladstone Institutional Advisory LLC now owns 1,377 shares of the industrial products company’s stock worth $370,000 after purchasing an additional 343 shares during the last quarter. MCF Advisors LLC lifted its stake in shares of Rockwell Automation by 95.8% in the fourth quarter. MCF Advisors LLC now owns 2,332 shares of the industrial products company’s stock worth $667,000 after buying an additional 1,141 shares during the last quarter. Ameritas Advisory Services LLC lifted its stake in shares of Rockwell Automation by 99.1% in the fourth quarter. Ameritas Advisory Services LLC now owns 5,187 shares of the industrial products company’s stock worth $1,482,000 after buying an additional 2,582 shares during the last quarter. GSA Capital Partners LLP bought a new stake in shares of Rockwell Automation during the 3rd quarter worth $912,000. Finally, Nomura Asset Management Co. Ltd. grew its stake in Rockwell Automation by 6.0% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 34,209 shares of the industrial products company’s stock valued at $9,184,000 after buying an additional 1,928 shares during the last quarter. Institutional investors own 75.75% of the company’s stock.

Insider Transactions at Rockwell Automation

In other Rockwell Automation news, VP Scott Genereux sold 278 shares of the business’s stock in a transaction on Monday, December 9th. The stock was sold at an average price of $302.04, for a total value of $83,967.12. Following the transaction, the vice president now owns 3,184 shares of the company’s stock, valued at approximately $961,695.36. The trade was a 8.03 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Isaac Woods sold 895 shares of the firm’s stock in a transaction on Friday, January 10th. The shares were sold at an average price of $274.72, for a total value of $245,874.40. Following the completion of the sale, the vice president now owns 1,198 shares of the company’s stock, valued at approximately $329,114.56. This trade represents a 42.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 35,857 shares of company stock valued at $10,678,037. 0.68% of the stock is owned by insiders.

Rockwell Automation Stock Up 0.5 %

Shares of ROK opened at $303.99 on Wednesday. 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 company has a 50-day moving average price of $285.82 and a two-hundred day moving average price of $275.28. The stock has a market cap of $34.36 billion, a price-to-earnings ratio of 36.71, a P/E/G ratio of 2.89 and a beta of 1.35. Rockwell Automation, Inc. has a 12 month low of $242.81 and a 12 month high of $308.70.

Rockwell Automation (NYSE:ROK) last issued its earnings results on Monday, February 10th. The industrial products company reported $1.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.61 by $0.22. Rockwell Automation had a return on equity of 30.42% and a net margin of 11.53%. Equities analysts predict that Rockwell Automation, Inc. will post 9.32 EPS for the current fiscal year.

Rockwell Automation Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Tuesday, February 18th will be paid a $1.31 dividend. The ex-dividend date is Tuesday, February 18th. This represents a $5.24 annualized dividend and a dividend yield of 1.72%. Rockwell Automation’s dividend payout ratio is presently 65.26%.

Analysts Set New Price Targets

ROK has been the subject of a number of research analyst reports. Jefferies Financial Group raised shares of Rockwell Automation from a “hold” rating to a “buy” rating and boosted their target price for the stock from $290.00 to $350.00 in a research report on Thursday, December 12th. Robert W. Baird increased their target price on Rockwell Automation from $305.00 to $315.00 and gave the company an “outperform” rating in a research note on Tuesday. Mizuho raised their target price on Rockwell Automation from $245.00 to $270.00 and gave the company a “neutral” rating in a report on Thursday, October 17th. Citigroup upped their price target on Rockwell Automation from $345.00 to $350.00 and gave the stock a “buy” rating in a report on Tuesday. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Rockwell Automation from $245.00 to $240.00 and set an “underweight” rating on the stock in a research note on Wednesday, January 15th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $307.55.

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.