Agate Pass Investment Management LLC Grows Stock Holdings in Rockwell Automation, Inc. (NYSE:ROK)

Agate Pass Investment Management LLC raised its position in shares of Rockwell Automation, Inc. (NYSE:ROK - Free Report) by 58.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,280 shares of the industrial products company's stock after buying an additional 1,575 shares during the quarter. Agate Pass Investment Management LLC's holdings in Rockwell Automation were worth $1,106,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Bank of Jackson Hole Trust bought a new stake in Rockwell Automation in the 4th quarter worth approximately $34,000. SBI Securities Co. Ltd. acquired a new position in Rockwell Automation during the 4th quarter valued at about $35,000. Parvin Asset Management LLC acquired a new position in Rockwell Automation during the 4th quarter valued at about $36,000. Flagship Wealth Advisors LLC acquired a new position in Rockwell Automation during the 4th quarter valued at about $38,000. Finally, Knuff & Co LLC increased its position in Rockwell Automation by 41.0% during the 4th quarter. Knuff & Co LLC now owns 141 shares of the industrial products company's stock valued at $40,000 after buying an additional 41 shares in the last quarter. Hedge funds and other institutional investors own 75.75% of the company's stock.

Rockwell Automation Trading Up 0.1%

Shares of NYSE:ROK traded up $0.25 during midday trading on Friday, hitting $315.18. The company had a trading volume of 1,520,895 shares, compared to its average volume of 875,903. Rockwell Automation, Inc. has a 12 month low of $215.00 and a 12 month high of $316.22. The company has a current ratio of 1.08, a quick ratio of 0.72 and a debt-to-equity ratio of 0.72. The stock has a market cap of $35.53 billion, a price-to-earnings ratio of 39.25, a PEG ratio of 3.53 and a beta of 1.32. The firm has a fifty day simple moving average of $264.87 and a 200 day simple moving average of $277.40.

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

Rockwell Automation Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Monday, May 19th will be given a dividend of $1.31 per share. This represents a $5.24 dividend on an annualized basis and a yield of 1.66%. The ex-dividend date is Monday, May 19th. Rockwell Automation's dividend payout ratio (DPR) is presently 65.99%.

Analysts Set New Price Targets

ROK has been the topic of several research reports. Loop Capital raised their target price on Rockwell Automation from $280.00 to $290.00 and gave the company a "hold" rating in a research report on Thursday, May 15th. Wells Fargo & Company lifted their price target on Rockwell Automation from $265.00 to $315.00 and gave the stock an "overweight" 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 on the stock in a research report on Friday, May 9th. KeyCorp lifted their price target on Rockwell Automation from $275.00 to $330.00 and gave the stock an "overweight" rating in a research report on Thursday, May 8th. Finally, The Goldman Sachs Group boosted their target price on Rockwell Automation from $257.00 to $290.00 and gave the company a "sell" rating in a report on Tuesday, February 11th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Rockwell Automation currently has a consensus rating of "Moderate Buy" and an average target price of $313.89.

Insiders Place Their Bets

In other news, VP Terry L. Riesterer sold 2,500 shares of Rockwell Automation stock in a transaction on Monday, May 12th. The shares were sold at an average price of $304.13, for a total transaction of $760,325.00. Following the completion of the sale, the vice president now directly owns 1,033 shares of the company's stock, valued at approximately $314,166.29. The trade was a 70.76% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Scott Genereux sold 500 shares of Rockwell Automation stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $290.14, for a total transaction of $145,070.00. Following the sale, the vice president now directly owns 1,905 shares of the company's stock, valued at $552,716.70. This represents a 20.79% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 5,182 shares of company stock valued at $1,555,841 over the last 90 days. 0.68% of the stock is currently owned by 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.