1,187 Shares in Rockwell Automation, Inc. (NYSE:ROK) Bought by Confluence Wealth Services Inc.

Confluence Wealth Services Inc. bought a new stake in Rockwell Automation, Inc. (NYSE:ROK - Free Report) during the first quarter, according to its most recent filing with the SEC. The firm bought 1,187 shares of the industrial products company's stock, valued at approximately $285,000.

Several other institutional investors have also recently bought and sold shares of ROK. Fifth Third Bancorp grew its position in shares of Rockwell Automation by 8.5% in the first quarter. Fifth Third Bancorp now owns 5,424 shares of the industrial products company's stock valued at $1,401,000 after purchasing an additional 423 shares during the last quarter. Teacher Retirement System of Texas boosted its stake in Rockwell Automation by 39.1% during the 4th quarter. Teacher Retirement System of Texas now owns 1,063 shares of the industrial products company's stock valued at $304,000 after purchasing an additional 299 shares during the period. Brighton Jones LLC acquired a new stake in Rockwell Automation in the 4th quarter valued at approximately $281,000. Schroder Investment Management Group grew its holdings in Rockwell Automation by 14.9% in the 4th quarter. Schroder Investment Management Group now owns 14,478 shares of the industrial products company's stock valued at $4,135,000 after buying an additional 1,872 shares during the last quarter. Finally, Banque Transatlantique SA bought a new position in Rockwell Automation in the 4th quarter worth approximately $8,289,000. Institutional investors own 75.75% of the company's stock.

Rockwell Automation Price Performance

Rockwell Automation stock opened at $330.03 on Monday. The stock has a market cap of $37.20 billion, a price-to-earnings ratio of 41.57, a P/E/G ratio of 3.83 and a beta of 1.38. Rockwell Automation, Inc. has a 12-month low of $200.00 and a 12-month high of $331.27. The company has a quick ratio of 0.72, a current ratio of 1.05 and a debt-to-equity ratio of 0.71. The business's 50-day simple moving average is $297.84 and its 200 day simple moving average is $281.59.

Rockwell Automation (NYSE:ROK - Get Free Report) last issued its earnings results on Wednesday, May 7th. The industrial products company reported $2.45 EPS for the quarter, beating the consensus estimate of $2.09 by $0.36. The company had revenue of $2 billion during the quarter, compared to analysts' expectations of $1.97 billion. Rockwell Automation had a net margin of 11.38% and a return on equity of 30.16%. The business's revenue for the quarter was down 5.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.50 EPS. As a group, research analysts anticipate that Rockwell Automation, Inc. will post 9.35 earnings per share for the current year.

Rockwell Automation Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Monday, August 18th will be paid a $1.31 dividend. The ex-dividend date of this dividend is Monday, August 18th. This represents a $5.24 dividend on an annualized basis and a yield of 1.59%. Rockwell Automation's payout ratio is 65.99%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on ROK. JPMorgan Chase & Co. raised their price objective on shares of Rockwell Automation from $271.00 to $299.00 and gave the stock a "neutral" rating in a research note on Friday, May 16th. Loop Capital boosted their price objective on shares of Rockwell Automation from $280.00 to $290.00 and gave the stock a "hold" rating in a report on Thursday, May 15th. Oppenheimer lifted their target price on Rockwell Automation from $258.00 to $304.00 and gave the stock an "outperform" rating in a research report on Thursday, May 8th. TD Cowen raised Rockwell Automation from a "sell" rating to a "hold" rating and set a $275.00 price target for the company in a report on Friday, May 9th. Finally, BNP Paribas raised Rockwell Automation from a "hold" rating to a "strong-buy" rating in a report on Wednesday, April 9th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Rockwell Automation presently has a consensus rating of "Moderate Buy" and a consensus price target of $317.79.

Insiders Place Their Bets

In other news, SVP Christopher Nardecchia sold 551 shares of the stock in a transaction on Monday, June 9th. The shares were sold at an average price of $326.31, for a total transaction of $179,796.81. Following the completion of the sale, the senior vice president now owns 12,711 shares of the company's stock, valued at $4,147,726.41. This represents a 4.15% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Isaac Woods sold 297 shares of the firm's stock in a transaction on Monday, June 9th. The stock was sold at an average price of $326.31, for a total transaction of $96,914.07. Following the sale, the vice president now owns 1,691 shares in the company, valued at approximately $551,790.21. The trade was a 14.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 7,681 shares of company stock worth $2,382,987 over the last ninety days. 0.68% of the stock is currently owned by corporate insiders.

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.

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