Crowley Wealth Management Inc. Makes New $1.33 Million Investment in Rockwell Automation, Inc. (NYSE:ROK)

Crowley Wealth Management Inc. purchased a new stake in Rockwell Automation, Inc. (NYSE:ROK) in the 4th quarter, HoldingsChannel.com reports. The firm purchased 4,654 shares of the industrial products company’s stock, valued at approximately $1,330,000. Rockwell Automation accounts for approximately 1.2% of Crowley Wealth Management Inc.’s holdings, making the stock its 22nd biggest holding.

Several other hedge funds have also recently modified their holdings of ROK. West Oak Capital LLC boosted its position in Rockwell Automation by 455.6% during 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. Bank of Jackson Hole Trust bought a new stake in shares of Rockwell Automation in the 4th quarter valued at about $34,000. SBI Securities Co. Ltd. bought a new stake in shares of Rockwell Automation in the 4th quarter valued at about $35,000. Flagship Wealth Advisors LLC purchased a new position in shares of Rockwell Automation in the 4th quarter worth approximately $38,000. 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 worth $40,000 after acquiring an additional 41 shares in the last quarter. Hedge funds and other institutional investors own 75.75% of the company’s stock.

Rockwell Automation Stock Up 0.2 %

ROK stock opened at $258.67 on Friday. 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 firm’s fifty day moving average is $280.13 and its 200 day moving average is $278.43. The firm has a market cap of $29.25 billion, a PE ratio of 32.21, a P/E/G ratio of 3.53 and a beta of 1.39.

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

Rockwell Automation Dividend Announcement

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 dividend of $1.31 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $5.24 dividend on an annualized basis and a dividend yield of 2.03%. Rockwell Automation’s dividend payout ratio (DPR) is 65.26%.

Insider Activity at Rockwell Automation

In other Rockwell Automation news, SVP Tessa M. Myers sold 1,231 shares of the stock in a transaction on Friday, February 28th. The shares were sold at an average price of $285.43, for a total transaction of $351,364.33. Following the transaction, the senior vice president now directly owns 3,650 shares of the company’s stock, valued at $1,041,819.50. This trade represents a 25.22 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Scott Genereux sold 500 shares of the business’s stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $290.14, for a total transaction of $145,070.00. Following the sale, the vice president now directly owns 1,905 shares of the company’s stock, valued at $552,716.70. This represents a 20.79 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 4,352 shares of company stock valued at $1,246,298. 0.68% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. Oppenheimer lifted their price target on shares of Rockwell Automation from $300.00 to $320.00 and gave the stock an “outperform” rating in a report on Tuesday, February 11th. KeyCorp raised Rockwell Automation from a “sector weight” rating to an “overweight” rating and set a $345.00 target price on the stock in a research report on Monday, December 9th. Citigroup boosted their price target on Rockwell Automation from $345.00 to $350.00 and gave the stock a “buy” rating in a research note on Tuesday, February 11th. BNP Paribas lowered shares of Rockwell Automation from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 11th. Finally, 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. Three equities 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’s stock. According to MarketBeat, Rockwell Automation presently has an average rating of “Hold” and an average target price of $307.68.

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.