Mystic Asset Management Inc. Has $637,000 Stock Position in Rockwell Automation, Inc. (NYSE:ROK)

Mystic Asset Management Inc. lessened its stake in Rockwell Automation, Inc. (NYSE:ROK) by 6.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,230 shares of the industrial products company’s stock after selling 150 shares during the quarter. Mystic Asset Management Inc.’s holdings in Rockwell Automation were worth $637,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. West Oak Capital LLC raised its stake in Rockwell Automation by 455.6% in the fourth quarter. West Oak Capital LLC now owns 100 shares of the industrial products company’s stock valued at $29,000 after purchasing an additional 82 shares in the last quarter. Darwin Wealth Management LLC acquired a new position in Rockwell Automation in the third quarter valued at about $34,000. Bank of Jackson Hole Trust acquired a new position in Rockwell Automation in the fourth quarter valued at about $34,000. SBI Securities Co. Ltd. acquired a new position in Rockwell Automation in the fourth quarter valued at about $35,000. Finally, Flagship Wealth Advisors LLC acquired a new position in Rockwell Automation in the fourth quarter valued at about $38,000. Institutional investors and hedge funds own 75.75% of the company’s stock.

Insider Activity at Rockwell Automation

In other Rockwell Automation news, SVP Tessa M. Myers sold 1,231 shares of the business’s stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $285.43, for a total value of $351,364.33. Following the transaction, the senior vice president now directly owns 3,650 shares of the company’s stock, valued at approximately $1,041,819.50. The trade was a 25.22 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Isaac Woods sold 895 shares of the business’s stock in a transaction that occurred 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 transaction, the vice president now directly owns 1,198 shares in the company, 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. Insiders have sold 4,352 shares of company stock worth $1,246,298 over the last ninety days. Insiders own 0.68% of the company’s stock.

Rockwell Automation Stock Performance

Shares of ROK stock opened at $261.88 on Tuesday. The business’s 50 day simple moving average is $281.71 and its 200 day simple moving average is $278.78. Rockwell Automation, Inc. has a one year low of $242.81 and a one year high of $308.70. The stock has a market capitalization of $29.61 billion, a PE ratio of 32.61, a PEG ratio of 3.53 and a beta of 1.39. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.08 and a quick ratio of 0.72.

Rockwell Automation (NYSE:ROK) last announced its earnings results on Monday, February 10th. The industrial products company reported $1.83 EPS for the quarter, beating the consensus estimate of $1.61 by $0.22. Rockwell Automation had a return on equity of 30.17% and a net margin of 11.38%. As a group, research analysts forecast that Rockwell Automation, Inc. will post 9.35 earnings per share for the current year.

Rockwell Automation Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Tuesday, February 18th were issued a $1.31 dividend. This represents a $5.24 annualized dividend and a yield of 2.00%. The ex-dividend date of this dividend was Tuesday, February 18th. Rockwell Automation’s payout ratio is presently 65.26%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. KeyCorp raised Rockwell Automation from a “sector weight” rating to an “overweight” rating and set a $345.00 price target for the company in a research note on Monday, December 9th. Barclays lowered their target price on Rockwell Automation from $300.00 to $285.00 and set an “equal weight” rating for the company in a research note on Monday, March 10th. Oppenheimer boosted their target price on Rockwell Automation from $300.00 to $320.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 11th. JPMorgan Chase & Co. lowered their target price on Rockwell Automation from $245.00 to $240.00 and set an “underweight” rating for the company in a research note on Wednesday, January 15th. Finally, Jefferies Financial Group raised 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 note on Thursday, December 12th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $307.68.

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.