Diversified Trust Co Buys 3,708 Shares of Rockwell Automation, Inc. (NYSE:ROK)

Diversified Trust Co boosted its stake in shares of Rockwell Automation, Inc. (NYSE:ROK) by 61.3% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 9,761 shares of the industrial products company’s stock after buying an additional 3,708 shares during the quarter. Diversified Trust Co’s holdings in Rockwell Automation were worth $2,844,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Bruce G. Allen Investments LLC purchased a new position in shares of Rockwell Automation in the fourth quarter worth about $27,000. Riverview Trust Co purchased a new position in shares of Rockwell Automation in the first quarter worth about $28,000. Security National Bank purchased a new position in shares of Rockwell Automation in the fourth quarter worth about $40,000. Cooksen Wealth LLC purchased a new position in shares of Rockwell Automation in the fourth quarter worth about $40,000. Finally, Webster Bank N. A. purchased a new position in shares of Rockwell Automation in the first quarter worth about $44,000. Institutional investors own 75.75% of the company’s stock.

Insider Transactions at Rockwell Automation

In other news, SVP Tessa M. Myers sold 248 shares of the business’s stock in a transaction that occurred on Friday, June 7th. The shares were sold at an average price of $256.37, for a total value of $63,579.76. Following the completion of the sale, the senior vice president now directly owns 4,246 shares in the company, valued at approximately $1,088,547.02. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, SVP Tessa M. Myers sold 248 shares of the business’s stock in a transaction that occurred on Friday, June 7th. The shares were sold at an average price of $256.37, for a total value of $63,579.76. Following the completion of the sale, the senior vice president now directly owns 4,246 shares in the company, valued at approximately $1,088,547.02. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Cyril Perducat sold 659 shares of the business’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 transaction of $171,412.49. Following the completion of the sale, the senior vice president now owns 4,630 shares of the company’s stock, valued at $1,204,309.30. The disclosure for this sale can be found here. In the last ninety days, insiders sold 2,199 shares of company stock worth $572,750. 0.68% of the stock is currently owned by insiders.

Rockwell Automation Price Performance

ROK stock opened at $265.52 on Tuesday. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.11 and a quick ratio of 0.74. Rockwell Automation, Inc. has a one year low of $249.00 and a one year high of $348.52. The stock has a market cap of $30.27 billion, a PE ratio of 25.96, a P/E/G ratio of 4.55 and a beta of 1.37. The firm has a 50 day simple moving average of $266.26 and a two-hundred day simple moving average of $281.52.

Rockwell Automation (NYSE:ROK) last released its quarterly earnings results on Wednesday, May 8th. The industrial products company reported $2.50 EPS for the quarter, topping analysts’ consensus estimates of $2.15 by $0.35. Rockwell Automation had a net margin of 13.19% and a return on equity of 34.83%. The business had revenue of $2.13 billion during the quarter, compared to analysts’ expectations of $2.05 billion. During the same quarter in the previous year, the company earned $3.01 EPS. The business’s quarterly revenue was down 6.6% compared to the same quarter last year. On average, analysts predict that Rockwell Automation, Inc. will post 10.15 EPS for the current fiscal year.

Rockwell Automation Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Monday, August 12th will be issued a $1.25 dividend. The ex-dividend date is Monday, August 12th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.88%. Rockwell Automation’s payout ratio is 48.88%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Barclays reduced their target price on shares of Rockwell Automation from $260.00 to $250.00 and set an “underweight” rating for the company in a research note on Tuesday, June 4th. Mizuho reduced their target price on shares of Rockwell Automation from $265.00 to $260.00 and set a “neutral” rating for the company in a research note on Wednesday, May 8th. Loop Capital reduced their target price on shares of Rockwell Automation from $300.00 to $290.00 and set a “hold” rating for the company in a research note on Tuesday, May 14th. Berenberg Bank reaffirmed a “hold” rating and set a $290.00 price objective (down previously from $330.00) on shares of Rockwell Automation in a research note on Wednesday, March 6th. Finally, Wells Fargo & Company reduced their price objective on shares of Rockwell Automation from $320.00 to $312.00 and set an “overweight” rating for the company in a research note on Wednesday, May 8th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $305.08.

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.