1,354 Shares in Rockwell Automation, Inc. (NYSE:ROK) Acquired by Alpha Wealth Funds LLC

Alpha Wealth Funds LLC bought a new position in shares of Rockwell Automation, Inc. (NYSE:ROK - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,354 shares of the industrial products company's stock, valued at approximately $387,000.

A number of other large investors have also recently made changes to their positions in ROK. Bank of Jackson Hole Trust purchased a new stake in shares of Rockwell Automation during the fourth quarter worth approximately $34,000. SBI Securities Co. Ltd. purchased a new position in Rockwell Automation in the fourth quarter valued at approximately $35,000. Parvin Asset Management LLC purchased a new position in Rockwell Automation in the fourth quarter valued at approximately $36,000. Flagship Wealth Advisors LLC purchased a new position in Rockwell Automation in the fourth quarter valued at approximately $38,000. Finally, Knuff & Co LLC increased its stake in Rockwell Automation by 41.0% in the fourth quarter. Knuff & Co LLC now owns 141 shares of the industrial products company's stock valued at $40,000 after purchasing an additional 41 shares during the last quarter. 75.75% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have commented on ROK. JPMorgan Chase & Co. increased their price target on shares of Rockwell Automation from $271.00 to $299.00 and gave the company a "neutral" rating in a research note on Friday, May 16th. BNP Paribas upgraded shares of Rockwell Automation from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, April 9th. Oppenheimer increased their price target on shares of Rockwell Automation from $258.00 to $304.00 and gave the company an "outperform" rating in a research note on Thursday, May 8th. TD Cowen upgraded shares of Rockwell Automation from a "sell" rating to a "hold" rating and set a $275.00 price target on the stock in a research note on Friday, May 9th. Finally, Wells Fargo & Company increased their price target on shares of Rockwell Automation from $265.00 to $315.00 and gave the company an "overweight" rating in a research note on Thursday, May 8th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $310.37.

Insider Buying and Selling

In other Rockwell Automation news, VP Terry L. Riesterer sold 2,500 shares of Rockwell Automation stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $304.13, for a total value of $760,325.00. Following the completion of the sale, the vice president now owns 1,033 shares in the company, valued at $314,166.29. The trade was a 70.76% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Matheus De A. G. Viera Bulho sold 939 shares of Rockwell Automation stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $304.24, for a total value of $285,681.36. Following the completion of the sale, the senior vice president now owns 983 shares of the company's stock, valued at $299,067.92. This trade represents a 48.86% decrease in their position. The disclosure for this sale can be found here. In the last quarter, 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 Performance

Shares of NYSE ROK traded up $2.42 during mid-day trading on Thursday, hitting $314.81. 845,396 shares of the company were exchanged, compared to its average volume of 877,036. Rockwell Automation, Inc. has a 1-year low of $215.00 and a 1-year high of $316.28. The company has a quick ratio of 0.72, a current ratio of 1.08 and a debt-to-equity ratio of 0.72. The stock has a 50 day simple moving average of $264.02 and a 200-day simple moving average of $277.21. The firm has a market cap of $35.48 billion, a price-to-earnings ratio of 39.20, a price-to-earnings-growth ratio of 3.53 and a beta of 1.32.

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

Rockwell Automation Dividend Announcement

The company also recently declared 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. This represents a $5.24 dividend on an annualized basis and a dividend yield of 1.66%. The ex-dividend date of this dividend is Monday, May 19th. Rockwell Automation's dividend payout ratio is currently 65.99%.

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.