Rockwell Automation, Inc. (NYSE:ROK) Shares Bought by Syon Capital LLC

Syon Capital LLC grew its position in shares of Rockwell Automation, Inc. (NYSE:ROK) by 24.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 923 shares of the industrial products company’s stock after purchasing an additional 179 shares during the quarter. Syon Capital LLC’s holdings in Rockwell Automation were worth $287,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Provence Wealth Management Group acquired a new position in shares of Rockwell Automation during the 3rd quarter valued at $27,000. Bruce G. Allen Investments LLC acquired a new position in shares of Rockwell Automation in the 4th quarter worth $27,000. Security National Bank acquired a new position in shares of Rockwell Automation in the 4th quarter worth $40,000. Fortitude Family Office LLC acquired a new position in shares of Rockwell Automation in the 4th quarter worth $46,000. Finally, Cape Investment Advisory Inc. acquired a new position in shares of Rockwell Automation in the 4th quarter worth $54,000. 75.75% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Robert W. Baird decreased their target price on Rockwell Automation from $310.00 to $304.00 and set an “outperform” rating on the stock in a report on Wednesday, May 8th. JPMorgan Chase & Co. restated an “underweight” rating and issued a $254.00 target price on shares of Rockwell Automation in a report on Thursday, March 21st. Barclays decreased their target price on Rockwell Automation from $260.00 to $250.00 and set an “underweight” rating on the stock in a report on Tuesday, June 4th. Berenberg Bank reiterated a “hold” rating and set a $290.00 price target (down previously from $330.00) on shares of Rockwell Automation in a report on Wednesday, March 6th. Finally, Citigroup lowered their price target on Rockwell Automation from $322.00 to $316.00 and set a “buy” rating on the stock in a report on Wednesday, May 8th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, Rockwell Automation currently has a consensus rating of “Hold” and an average target price of $307.21.

Rockwell Automation Price Performance

ROK opened at $258.51 on Tuesday. The stock has a market cap of $29.47 billion, a price-to-earnings ratio of 25.27, a PEG ratio of 3.97 and a beta of 1.38. Rockwell Automation, Inc. has a 1 year low of $249.00 and a 1 year high of $348.52. The company has a current ratio of 1.11, a quick ratio of 0.74 and a debt-to-equity ratio of 0.69. The stock has a fifty day moving average price of $269.27 and a 200 day moving average price of $282.53.

Rockwell Automation (NYSE:ROK) last released its quarterly earnings data on Wednesday, May 8th. The industrial products company reported $2.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.15 by $0.35. The firm had revenue of $2.13 billion during the quarter, compared to analysts’ expectations of $2.05 billion. Rockwell Automation had a return on equity of 34.83% and a net margin of 13.19%. The business’s revenue for the quarter was down 6.6% on a year-over-year basis. During the same quarter last year, the firm earned $3.01 earnings per share. Analysts forecast that Rockwell Automation, Inc. will post 10.14 EPS for the current fiscal year.

Rockwell Automation Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Shareholders of record on Monday, August 12th will be given a $1.25 dividend. The ex-dividend date of this dividend is Monday, August 12th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.93%. Rockwell Automation’s dividend payout ratio is currently 48.88%.

Insiders Place Their Bets

In related news, SVP Cyril Perducat sold 659 shares of the business’s stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $260.11, for a total transaction of $171,412.49. Following the transaction, the senior vice president now directly owns 4,630 shares in the company, valued at $1,204,309.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, SVP Cyril Perducat sold 659 shares of the company’s stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $260.11, for a total value of $171,412.49. Following the sale, the senior vice president now directly owns 4,630 shares in the company, valued at approximately $1,204,309.30. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Tessa M. Myers sold 528 shares of the company’s stock in a transaction that occurred on Tuesday, June 11th. The shares were sold at an average price of $253.78, for a total value of $133,995.84. Following the completion of the sale, the senior vice president now owns 3,718 shares in the company, valued at $943,554.04. The disclosure for this sale can be found here. Insiders sold 2,199 shares of company stock valued at $572,750 over the last quarter. Insiders own 0.68% of the company’s stock.

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.