Park Avenue Securities LLC Purchases 4,210 Shares of Rockwell Automation, Inc. (NYSE:ROK)

Park Avenue Securities LLC grew its position in shares of Rockwell Automation, Inc. (NYSE:ROK) by 223.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,091 shares of the industrial products company’s stock after buying an additional 4,210 shares during the quarter. Park Avenue Securities LLC’s holdings in Rockwell Automation were worth $1,774,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Bruce G. Allen Investments LLC bought a new stake in Rockwell Automation during the fourth quarter worth about $27,000. Security National Bank bought a new stake in Rockwell Automation during the fourth quarter worth about $40,000. Cooksen Wealth LLC bought a new stake in shares of Rockwell Automation during the fourth quarter valued at approximately $40,000. Fortitude Family Office LLC bought a new stake in shares of Rockwell Automation during the fourth quarter valued at approximately $46,000. Finally, Cape Investment Advisory Inc. bought a new stake in shares of Rockwell Automation during the fourth quarter valued at approximately $54,000. 75.75% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Wells Fargo & Company decreased their price target on shares of Rockwell Automation from $320.00 to $312.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 8th. JPMorgan Chase & Co. reissued an “underweight” rating and set a $254.00 price target on shares of Rockwell Automation in a research note on Thursday, March 21st. Barclays decreased their price target on shares of Rockwell Automation from $260.00 to $250.00 and set an “underweight” rating on the stock in a research note on Tuesday, June 4th. Berenberg Bank reissued a “hold” rating and set a $290.00 price target (down from $330.00) on shares of Rockwell Automation in a research note on Wednesday, March 6th. Finally, Mizuho cut their price objective on shares of Rockwell Automation from $265.00 to $260.00 and set a “neutral” rating on the stock in a report on Wednesday, May 8th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, Rockwell Automation has a consensus rating of “Hold” and an average price target of $307.21.

Insider Transactions at Rockwell Automation

In other news, SVP Tessa M. Myers sold 248 shares of the stock in a transaction on Friday, June 7th. The shares were sold at an average price of $256.37, for a total transaction of $63,579.76. Following the completion of the sale, the senior vice president now owns 4,246 shares of the company’s stock, valued at $1,088,547.02. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, SVP Cyril Perducat sold 659 shares of the firm’s stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $260.11, for a total value of $171,412.49. Following the completion of the transaction, the senior vice president now owns 4,630 shares of the company’s stock, valued at $1,204,309.30. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Tessa M. Myers sold 248 shares of the firm’s stock in a transaction on Friday, June 7th. The shares were sold at an average price of $256.37, for a total transaction of $63,579.76. Following the completion of the transaction, the senior vice president now directly owns 4,246 shares of the company’s stock, valued at approximately $1,088,547.02. 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. Corporate insiders own 0.68% of the company’s stock.

Rockwell Automation Trading Down 0.8 %

ROK opened at $258.52 on Monday. The firm’s fifty day moving average is $267.22 and its two-hundred day moving average is $282.01. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.74 and a current ratio of 1.11. The firm has a market cap of $29.47 billion, a PE ratio of 25.27, a price-to-earnings-growth ratio of 4.07 and a beta of 1.37. Rockwell Automation, Inc. has a twelve month low of $249.00 and a twelve month high of $348.52.

Rockwell Automation (NYSE:ROK) last posted its earnings results on Wednesday, May 8th. The industrial products company reported $2.50 earnings per share for the quarter, topping the consensus estimate of $2.15 by $0.35. Rockwell Automation had a net margin of 13.19% and a return on equity of 34.83%. The company had revenue of $2.13 billion for the quarter, compared to analyst estimates of $2.05 billion. During the same period last year, the business posted $3.01 earnings per share. The business’s revenue for the quarter was down 6.6% compared to the same quarter last year. Equities research analysts anticipate that Rockwell Automation, Inc. will post 10.14 EPS for the current year.

Rockwell Automation Dividend Announcement

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

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.