Cetera Investment Advisers Has $8.47 Million Stock Holdings in Rockwell Automation, Inc. (NYSE:ROK)

Cetera Investment Advisers grew its stake in Rockwell Automation, Inc. (NYSE:ROK - Free Report) by 9.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,626 shares of the industrial products company's stock after acquiring an additional 2,455 shares during the period. Cetera Investment Advisers' holdings in Rockwell Automation were worth $8,467,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Meiji Yasuda Asset Management Co Ltd. grew its position in Rockwell Automation by 0.9% during the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 3,775 shares of the industrial products company's stock worth $1,079,000 after acquiring an additional 33 shares during the last quarter. Whittier Trust Co. raised its holdings in Rockwell Automation by 1.9% during the 4th quarter. Whittier Trust Co. now owns 1,896 shares of the industrial products company's stock worth $542,000 after buying an additional 35 shares during the period. Bank Pictet & Cie Europe AG raised its position in Rockwell Automation by 0.9% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 4,195 shares of the industrial products company's stock valued at $1,199,000 after buying an additional 38 shares during the last quarter. Lake Street Advisors Group LLC raised its holdings in Rockwell Automation by 3.0% during the fourth quarter. Lake Street Advisors Group LLC now owns 1,351 shares of the industrial products company's stock worth $386,000 after acquiring an additional 39 shares in the last quarter. Finally, Fortitude Advisory Group L.L.C. increased its stake in shares of Rockwell Automation by 3.8% during the 4th quarter. Fortitude Advisory Group L.L.C. now owns 1,082 shares of the industrial products company's stock worth $309,000 after purchasing an additional 40 shares during the last quarter. Institutional investors own 75.75% of the company's stock.

Insider Activity at Rockwell Automation

In other news, VP Isaac Woods sold 876 shares of the stock in a transaction on Friday, February 28th. The shares were sold at an average price of $284.03, for a total value of $248,810.28. Following the completion of the transaction, the vice president now owns 1,057 shares in the company, valued at approximately $300,219.71. This represents a 45.32% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Tessa M. Myers sold 1,231 shares of the company's stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $285.43, for a total transaction of $351,364.33. Following the completion of the sale, the senior vice president now directly owns 3,650 shares in the company, valued at approximately $1,041,819.50. The trade was a 25.22% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 6,839 shares of company stock worth $2,014,256. 0.68% of the stock is owned by corporate insiders.

Rockwell Automation Stock Up 0.0%

ROK traded up $0.15 on Thursday, reaching $307.69. The company's stock had a trading volume of 667,996 shares, compared to its average volume of 874,012. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.08 and a quick ratio of 0.72. Rockwell Automation, Inc. has a 1 year low of $215.00 and a 1 year high of $310.78. The business's 50 day moving average is $253.76 and its 200 day moving average is $274.49. The stock has a market cap of $34.68 billion, a price-to-earnings ratio of 38.32, a price-to-earnings-growth ratio of 3.53 and a beta of 1.32.

Rockwell Automation (NYSE:ROK - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The industrial products company reported $2.45 EPS for the quarter, topping the consensus estimate of $2.09 by $0.36. Rockwell Automation had a net margin of 11.38% and a return on equity of 30.17%. The business had revenue of $2 billion during the quarter, compared to analyst estimates of $1.97 billion. During the same quarter in the prior year, the firm earned $2.50 earnings per share. The company's quarterly revenue was down 5.9% on a year-over-year basis. As a group, research analysts forecast that Rockwell Automation, Inc. will post 9.35 EPS for the current fiscal year.

Rockwell Automation Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Monday, May 19th will be given a $1.31 dividend. The ex-dividend date is Monday, May 19th. This represents a $5.24 dividend on an annualized basis and a dividend yield of 1.70%. Rockwell Automation's dividend payout ratio (DPR) is 65.99%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on ROK shares. The Goldman Sachs Group upped their price objective on shares of Rockwell Automation from $257.00 to $290.00 and gave the stock a "sell" rating in a research report on Tuesday, February 11th. Wells Fargo & Company upped their price target on Rockwell Automation from $265.00 to $315.00 and gave the stock an "overweight" rating in a research note on Thursday, May 8th. BNP Paribas raised shares of Rockwell Automation from a "hold" rating to a "strong-buy" rating in a report on Wednesday, April 9th. Stephens raised Rockwell Automation from an "equal weight" rating to an "overweight" rating and raised their target price for the stock from $275.00 to $350.00 in a research report on Thursday, January 16th. Finally, Loop Capital increased their price objective on Rockwell Automation from $280.00 to $290.00 and gave the stock a "hold" rating in a research report on Thursday. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $308.89.

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.