Signaturefd LLC Grows Position in Rockwell Automation, Inc. (NYSE:ROK)

Signaturefd LLC boosted its stake in shares of Rockwell Automation, Inc. (NYSE:ROK) by 5.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,492 shares of the industrial products company’s stock after purchasing an additional 126 shares during the period. Signaturefd LLC’s holdings in Rockwell Automation were worth $712,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. West Oak Capital LLC increased its stake in shares of Rockwell Automation by 455.6% in the fourth quarter. West Oak Capital LLC now owns 100 shares of the industrial products company’s stock worth $29,000 after acquiring an additional 82 shares during the period. Bank of Jackson Hole Trust purchased a new stake in Rockwell Automation in the fourth quarter valued at $34,000. SBI Securities Co. Ltd. acquired a new stake in Rockwell Automation during the 4th quarter worth about $35,000. Darwin Wealth Management LLC purchased a new position in shares of Rockwell Automation during the 3rd quarter valued at about $34,000. Finally, Knuff & Co LLC raised its stake in shares of Rockwell Automation by 41.0% during the 4th quarter. Knuff & Co LLC now owns 141 shares of the industrial products company’s stock valued at $40,000 after buying an additional 41 shares during the last quarter. Hedge funds and other institutional investors own 75.75% of the company’s stock.

Rockwell Automation Stock Up 0.8 %

Shares of ROK opened at $260.19 on Thursday. The stock has a 50 day moving average price of $280.85 and a 200 day moving average price of $278.55. Rockwell Automation, Inc. has a one year low of $242.81 and a one year high of $308.70. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.72 and a current ratio of 1.08. The stock has a market capitalization of $29.42 billion, a price-to-earnings ratio of 32.40, a PEG ratio of 3.53 and a beta of 1.39.

Rockwell Automation (NYSE:ROK) last released 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 net margin of 11.38% and a return on equity of 30.17%. Equities research analysts forecast that Rockwell Automation, Inc. will post 9.35 earnings per share for the current fiscal year.

Rockwell Automation Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Tuesday, February 18th were given a $1.31 dividend. This represents a $5.24 dividend on an annualized basis and a dividend yield of 2.01%. The ex-dividend date of this dividend was Tuesday, February 18th. Rockwell Automation’s dividend payout ratio (DPR) is 65.26%.

Insider Activity

In related news, VP Scott Genereux sold 500 shares of the company’s stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $290.14, for a total value of $145,070.00. Following the completion of the sale, the vice president now owns 1,905 shares of the company’s stock, valued at approximately $552,716.70. This represents a 20.79 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Isaac Woods sold 895 shares of the company’s stock in a transaction dated Friday, January 10th. The shares were sold at an average price of $274.72, for a total transaction of $245,874.40. Following the completion of the sale, the vice president now directly owns 1,198 shares of the company’s stock, valued at $329,114.56. This represents a 42.76 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 4,352 shares of company stock worth $1,246,298 over the last three months. Insiders own 0.68% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on the company. Robert W. Baird raised their target price on Rockwell Automation from $305.00 to $315.00 and gave the stock an “outperform” rating in a report on Tuesday, February 11th. Wells Fargo & Company raised their price objective on shares of Rockwell Automation from $315.00 to $337.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 11th. JPMorgan Chase & Co. cut their target price on shares of Rockwell Automation from $245.00 to $240.00 and set an “underweight” rating for the company in a report on Wednesday, January 15th. Jefferies Financial Group raised shares of Rockwell Automation from a “hold” rating to a “buy” rating and increased their price target for the stock from $290.00 to $350.00 in a report on Thursday, December 12th. Finally, Citigroup lifted their price objective on shares of Rockwell Automation from $345.00 to $350.00 and gave the company a “buy” rating in a report on Tuesday, February 11th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $307.68.

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.