SBI Securities Co. Ltd. Acquires Shares of 121 Rockwell Automation, Inc. (NYSE:ROK)

SBI Securities Co. Ltd. acquired a new stake in shares of Rockwell Automation, Inc. (NYSE:ROK) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 121 shares of the industrial products company’s stock, valued at approximately $35,000.

Other hedge funds have also recently bought and sold shares of the company. Ashton Thomas Securities LLC acquired a new stake in Rockwell Automation during the 3rd quarter valued at approximately $26,000. West Oak Capital LLC grew its position in shares of Rockwell Automation by 455.6% in the 4th 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 in the last quarter. Bank of Jackson Hole Trust acquired a new position in shares of Rockwell Automation in the 4th quarter worth approximately $34,000. Darwin Wealth Management LLC acquired a new position in shares of Rockwell Automation in the 3rd quarter worth approximately $34,000. Finally, Asset Planning Inc acquired a new position in shares of Rockwell Automation in the 4th quarter worth approximately $49,000. Institutional investors and hedge funds own 75.75% of the company’s stock.

Insider Buying and Selling at Rockwell Automation

In other Rockwell Automation news, VP Terry L. Riesterer sold 850 shares of the business’s stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $300.21, for a total value of $255,178.50. Following the completion of the sale, the vice president now owns 1,633 shares of the company’s stock, valued at $490,242.93. The trade was a 34.23 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Isaac Woods sold 895 shares of the business’s stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $274.72, for a total value 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 have sold 4,352 shares of company stock worth $1,246,298 over the last 90 days. 0.68% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Wells Fargo & Company lifted their target price on Rockwell Automation from $315.00 to $337.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 11th. Robert W. Baird lifted their target price on Rockwell Automation from $305.00 to $315.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 11th. UBS Group assumed coverage on Rockwell Automation in a research report on Wednesday, November 13th. They issued a “neutral” rating and a $313.00 target price for the company. Stephens upgraded Rockwell Automation from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $275.00 to $350.00 in a research report on Thursday, January 16th. Finally, Citigroup raised their price target on Rockwell Automation from $345.00 to $350.00 and gave the stock a “buy” rating in a report on Tuesday, February 11th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $307.68.

Rockwell Automation Stock Performance

Shares of ROK stock opened at $265.53 on Wednesday. Rockwell Automation, Inc. has a 1-year low of $242.81 and a 1-year high of $308.70. The company has a current ratio of 1.08, a quick ratio of 0.72 and a debt-to-equity ratio of 0.72. The company has a market capitalization of $30.02 billion, a price-to-earnings ratio of 33.07, a P/E/G ratio of 3.53 and a beta of 1.39. The stock’s fifty day simple moving average is $283.55 and its 200-day simple moving average is $278.93.

Rockwell Automation (NYSE:ROK) last issued its quarterly earnings results on Monday, February 10th. The industrial products company reported $1.83 earnings per share 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, sell-side analysts predict that Rockwell Automation, Inc. will post 9.35 earnings per share for the current fiscal year.

Rockwell Automation Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Tuesday, February 18th were paid a $1.31 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $5.24 dividend on an annualized basis and a yield of 1.97%. Rockwell Automation’s dividend payout ratio (DPR) is currently 65.26%.

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.