BigSur Wealth Management LLC Invests $430,000 in Rockwell Automation, Inc. (NYSE:ROK)

BigSur Wealth Management LLC acquired a new stake in shares of Rockwell Automation, Inc. (NYSE:ROK - Free Report) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 1,664 shares of the industrial products company's stock, valued at approximately $430,000.

Other hedge funds have also made changes to their positions in the company. Bank of Jackson Hole Trust acquired a new position in shares of Rockwell Automation during the fourth quarter valued at approximately $34,000. SBI Securities Co. Ltd. acquired a new position in shares of Rockwell Automation during the fourth quarter valued at approximately $35,000. Parvin Asset Management LLC bought a new stake in Rockwell Automation during the fourth quarter worth approximately $36,000. Flagship Wealth Advisors LLC bought a new stake in Rockwell Automation during the fourth quarter worth approximately $38,000. Finally, Knuff & Co LLC boosted its holdings in Rockwell Automation by 41.0% during the fourth quarter. Knuff & Co LLC now owns 141 shares of the industrial products company's stock worth $40,000 after buying an additional 41 shares in the last quarter. Institutional investors and hedge funds own 75.75% of the company's stock.

Rockwell Automation Stock Down 2.4%

Shares of Rockwell Automation stock traded down $7.78 on Friday, hitting $317.36. 696,490 shares of the company traded hands, compared to its average volume of 884,643. Rockwell Automation, Inc. has a 12-month low of $215.00 and a 12-month high of $328.90. 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 company has a market cap of $35.77 billion, a PE ratio of 39.52, a PEG ratio of 3.53 and a beta of 1.38. The company has a 50-day moving average price of $279.47 and a 200 day moving average price of $279.78.

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 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 firm had revenue of $2 billion for the quarter, compared to the consensus estimate of $1.97 billion. During the same quarter in the previous year, the company posted $2.50 earnings per share. The business's quarterly revenue was down 5.9% compared to the same quarter last year. Sell-side analysts predict that Rockwell Automation, Inc. will post 9.35 earnings per share for the current year.

Rockwell Automation Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Monday, August 18th will be given a dividend of $1.31 per share. This represents a $5.24 annualized dividend and a yield of 1.65%. The ex-dividend date of this dividend is Monday, August 18th. Rockwell Automation's payout ratio is presently 65.99%.

Insider Activity at Rockwell Automation

In other Rockwell Automation news, SVP Matheus De A. G. Viera Bulho sold 293 shares of the stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $257.68, for a total transaction of $75,500.24. Following the transaction, the senior vice president now directly owns 1,922 shares of the company's stock, valued at $495,260.96. This represents a 13.23% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Matthew W. Fordenwalt sold 500 shares of the business's stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $295.01, for a total value of $147,505.00. Following the completion of the sale, the senior vice president now directly owns 2,838 shares of the company's stock, valued at $837,238.38. This represents a 14.98% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 7,681 shares of company stock valued at $2,382,987. 0.68% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on ROK shares. BNP Paribas upgraded shares of Rockwell Automation from a "hold" rating to a "strong-buy" rating in a report on Wednesday, April 9th. KeyCorp raised their target price on shares of Rockwell Automation from $345.00 to $360.00 and gave the stock an "overweight" rating in a report on Friday. JPMorgan Chase & Co. raised their target price on shares of Rockwell Automation from $271.00 to $299.00 and gave the stock a "neutral" rating in a report on Friday, May 16th. Barclays upgraded shares of Rockwell Automation from an "equal weight" rating to an "overweight" rating and raised their target price for the stock from $283.00 to $350.00 in a report on Friday, May 30th. Finally, Citigroup raised their target price on shares of Rockwell Automation from $327.00 to $371.00 and gave the stock a "buy" rating in a report on Wednesday, June 4th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $317.79.

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.