929 Shares in Rockwell Automation, Inc. (NYSE:ROK) Bought by U.S. Capital Wealth Advisors LLC

U.S. Capital Wealth Advisors LLC purchased a new stake in shares of Rockwell Automation, Inc. (NYSE:ROK - Free Report) in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 929 shares of the industrial products company's stock, valued at approximately $240,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of ROK. Citizens National Bank Trust Department bought a new stake in shares of Rockwell Automation during the first quarter worth about $26,000. Cooksen Wealth LLC acquired a new position in Rockwell Automation during the 1st quarter valued at about $34,000. Parvin Asset Management LLC bought a new stake in Rockwell Automation during the 4th quarter worth approximately $36,000. Flagship Wealth Advisors LLC purchased a new stake in shares of Rockwell Automation in the fourth quarter worth approximately $38,000. Finally, Accredited Wealth Management LLC bought a new position in shares of Rockwell Automation in the fourth quarter valued at approximately $47,000. Institutional investors own 75.75% of the company's stock.

Rockwell Automation Price Performance

NYSE ROK opened at $343.14 on Friday. 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 company has a market cap of $38.68 billion, a PE ratio of 43.22, a price-to-earnings-growth ratio of 3.88 and a beta of 1.38. Rockwell Automation, Inc. has a 52 week low of $215.00 and a 52 week high of $348.43. The firm's 50-day simple moving average is $317.25 and its two-hundred day simple moving average is $285.16.

Rockwell Automation (NYSE:ROK - Get Free Report) last announced its quarterly 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 net margin of 11.38% and a return on equity of 30.16%. The company had revenue of $2 billion for the quarter, compared to analysts' expectations of $1.97 billion. During the same period in the prior year, the company posted $2.50 EPS. Rockwell Automation's revenue was down 5.9% compared to the same quarter last year. Research analysts predict that Rockwell Automation, Inc. will post 9.35 earnings per share for the current year.

Rockwell Automation Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Monday, August 18th will be paid a dividend of $1.31 per share. The ex-dividend date is Monday, August 18th. This represents a $5.24 dividend on an annualized basis and a dividend yield of 1.53%. Rockwell Automation's payout ratio is 65.99%.

Insider Buying and Selling at Rockwell Automation

In related news, SVP Christopher Nardecchia sold 551 shares of the company's stock in a transaction that occurred 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 sale, the senior vice president owned 12,711 shares of the company's stock, valued at approximately $4,147,726.41. This represents a 4.15% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Tessa M. Myers sold 363 shares of the firm's stock in a transaction on Monday, June 9th. The shares were sold at an average price of $326.32, for a total transaction of $118,454.16. Following the completion of the transaction, the senior vice president directly owned 4,063 shares of the company's stock, valued at approximately $1,325,838.16. The trade was a 8.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 7,388 shares of company stock worth $2,307,487 in the last three months. 0.68% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

ROK has been the subject of a number of analyst reports. KeyCorp reissued an "overweight" rating and issued a $360.00 price target (up from $345.00) on shares of Rockwell Automation in a research report on Friday, June 13th. CICC Research began coverage on shares of Rockwell Automation in a report on Monday, July 7th. They issued an "outperform" rating and a $381.00 target price for the company. Citigroup boosted their price target 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. JPMorgan Chase & Co. increased their price objective 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. Finally, Oppenheimer lifted their target price on shares of Rockwell Automation from $258.00 to $304.00 and gave the stock an "outperform" rating in a research report on Thursday, May 8th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Rockwell Automation currently has a consensus rating of "Moderate Buy" and a consensus target price of $332.00.

Rockwell Automation 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.