Cypress Advisory Group LLC Invests $1.34 Million in Rockwell Automation, Inc. (NYSE:ROK)

Cypress Advisory Group LLC bought a new stake in Rockwell Automation, Inc. (NYSE:ROK - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 4,678 shares of the industrial products company's stock, valued at approximately $1,337,000. Rockwell Automation comprises approximately 1.2% of Cypress Advisory Group LLC's portfolio, making the stock its 27th largest position.

Other institutional investors also recently bought and sold shares of the company. MCF Advisors LLC boosted its stake in shares of Rockwell Automation by 95.8% during the fourth quarter. MCF Advisors LLC now owns 2,332 shares of the industrial products company's stock valued at $667,000 after purchasing an additional 1,141 shares during the period. Ameritas Advisory Services LLC increased its position in shares of Rockwell Automation by 99.1% in the fourth quarter. Ameritas Advisory Services LLC now owns 5,187 shares of the industrial products company's stock valued at $1,482,000 after acquiring an additional 2,582 shares during the period. Nordea Investment Management AB boosted its holdings in shares of Rockwell Automation by 5.9% during the fourth quarter. Nordea Investment Management AB now owns 462,537 shares of the industrial products company's stock worth $132,554,000 after purchasing an additional 25,882 shares during the period. Signal Advisors Wealth LLC grew its stake in shares of Rockwell Automation by 12.5% in the fourth quarter. Signal Advisors Wealth LLC now owns 946 shares of the industrial products company's stock worth $270,000 after purchasing an additional 105 shares during the last quarter. Finally, Assenagon Asset Management S.A. increased its holdings in Rockwell Automation by 357.8% during the 4th quarter. Assenagon Asset Management S.A. now owns 37,239 shares of the industrial products company's stock valued at $10,643,000 after purchasing an additional 29,105 shares during the period. 75.75% of the stock is currently owned by hedge funds and other institutional investors.

Rockwell Automation Stock Performance

Shares of NYSE:ROK traded up $4.30 during midday trading on Friday, hitting $253.48. The company had a trading volume of 940,616 shares, compared to its average volume of 871,045. The company has a fifty day moving average of $252.47 and a two-hundred day moving average of $273.59. Rockwell Automation, Inc. has a 12-month low of $215.00 and a 12-month high of $308.70. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.08 and a quick ratio of 0.72. The company has a market cap of $28.66 billion, a price-to-earnings ratio of 31.57, a PEG ratio of 3.53 and a beta of 1.39.

Rockwell Automation (NYSE:ROK - Get Free Report) last released its earnings results on Monday, February 10th. The industrial products company reported $1.83 EPS for the quarter, topping analysts' consensus estimates of $1.61 by $0.22. Rockwell Automation had a net margin of 11.38% and a return on equity of 30.17%. On average, equities research analysts expect that Rockwell Automation, Inc. will post 9.35 EPS for the current fiscal year.

Rockwell Automation Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Monday, May 19th will be given a $1.31 dividend. The ex-dividend date of this dividend is Monday, May 19th. This represents a $5.24 annualized dividend and a dividend yield of 2.07%. Rockwell Automation's payout ratio is 65.26%.

Insider Transactions at Rockwell Automation

In other news, VP Isaac Woods sold 876 shares of the business's 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 transaction, the vice president now owns 1,057 shares of the company's stock, valued at approximately $300,219.71. The trade was a 45.32 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Tessa M. Myers sold 1,231 shares of the firm's stock in a transaction on Friday, February 28th. The shares were sold at an average price of $285.43, for a total transaction of $351,364.33. Following the transaction, the senior vice president now directly owns 3,650 shares of the company's stock, valued at $1,041,819.50. The trade was a 25.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 3,750 shares of company stock valued at $1,075,923 over the last 90 days. Company insiders own 0.68% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Robert W. Baird lifted their price objective on Rockwell Automation from $305.00 to $315.00 and gave the stock an "outperform" rating in a research report on Tuesday, February 11th. KeyCorp decreased their price target on shares of Rockwell Automation from $345.00 to $275.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. Citigroup cut their price objective on shares of Rockwell Automation from $350.00 to $283.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Wells Fargo & Company boosted their price target on Rockwell Automation from $315.00 to $337.00 and gave the stock an "overweight" rating in a research note on Tuesday, February 11th. Finally, Barclays dropped their price objective on Rockwell Automation from $280.00 to $260.00 and set an "equal weight" rating on the stock in a research report on Thursday, April 10th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $297.11.

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.