Rockwell Automation, Inc. (NYSE:ROK) Shares Purchased by Bar Harbor Wealth Management

Bar Harbor Wealth Management increased its stake in Rockwell Automation, Inc. (NYSE:ROK - Free Report) by 18.9% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 39,260 shares of the industrial products company's stock after purchasing an additional 6,252 shares during the period. Bar Harbor Wealth Management's holdings in Rockwell Automation were worth $10,144,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the stock. Smithbridge Asset Management Inc. DE acquired a new stake in Rockwell Automation in the 1st quarter worth approximately $3,051,000. NorthCrest Asset Manangement LLC boosted its stake in Rockwell Automation by 1.5% in the 1st quarter. NorthCrest Asset Manangement LLC now owns 32,870 shares of the industrial products company's stock worth $8,493,000 after purchasing an additional 492 shares in the last quarter. Baker Chad R boosted its stake in Rockwell Automation by 0.5% in the 1st quarter. Baker Chad R now owns 52,110 shares of the industrial products company's stock worth $13,464,000 after purchasing an additional 260 shares in the last quarter. Rockland Trust Co. boosted its stake in Rockwell Automation by 6.5% in the 1st quarter. Rockland Trust Co. now owns 29,161 shares of the industrial products company's stock worth $7,535,000 after purchasing an additional 1,769 shares in the last quarter. Finally, Kelly Financial Services LLC boosted its stake in Rockwell Automation by 4.4% in the 1st quarter. Kelly Financial Services LLC now owns 1,096 shares of the industrial products company's stock worth $283,000 after purchasing an additional 46 shares in the last quarter. 75.75% of the stock is currently owned by institutional investors and hedge funds.

Rockwell Automation Price Performance

NYSE ROK traded down $7.78 on Friday, hitting $317.36. The company had a trading volume of 696,490 shares, compared to its average volume of 884,068. The company has a market capitalization of $35.77 billion, a PE ratio of 39.52, a PEG ratio of 3.53 and a beta of 1.38. The company's fifty day moving average price is $277.47 and its 200-day moving average price is $279.73. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.08 and a quick ratio of 0.72. Rockwell Automation, Inc. has a 12-month low of $215.00 and a 12-month high of $328.90.

Rockwell Automation (NYSE:ROK - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The industrial products company reported $2.45 EPS for the quarter, topping the consensus estimate of $2.09 by $0.36. The company had revenue of $2 billion during the quarter, compared to analyst estimates of $1.97 billion. Rockwell Automation had a net margin of 11.38% and a return on equity of 30.17%. The firm's revenue was down 5.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.50 EPS. As a group, 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 announced a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Monday, August 18th will be paid a dividend of $1.31 per share. The ex-dividend date of this dividend is Monday, August 18th. This represents a $5.24 annualized dividend and a yield of 1.65%. Rockwell Automation's dividend payout ratio (DPR) is presently 65.99%.

Analyst Upgrades and Downgrades

Several brokerages have commented on ROK. Wells Fargo & Company lifted their price objective 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. KeyCorp lifted their price objective on shares of Rockwell Automation from $345.00 to $360.00 and gave the company an "overweight" rating in a research note on Friday. 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 lifted their price objective 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. Finally, Citigroup lifted their price objective on shares of Rockwell Automation from $327.00 to $371.00 and gave the company a "buy" rating in a research note on Wednesday, June 4th. One analyst has rated the stock with a sell rating, seven have given 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, the company has a consensus rating of "Moderate Buy" and a consensus price target of $317.79.

Insiders Place Their Bets

In other Rockwell Automation news, SVP Matthew W. Fordenwalt sold 500 shares of Rockwell Automation stock in a transaction on Friday, May 9th. The shares were sold at an average price of $295.01, for a total transaction of $147,505.00. Following the sale, the senior vice president now owns 2,838 shares of the company's stock, valued at $837,238.38. The trade was a 14.98% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Matheus De A. G. Viera Bulho sold 293 shares of Rockwell Automation stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $257.68, for a total transaction of $75,500.24. Following the sale, the senior vice president now directly owns 1,922 shares in the company, valued at approximately $495,260.96. This trade represents a 13.23% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 7,681 shares of company stock valued at $2,382,987 in the last 90 days. 0.68% of the stock is owned by insiders.

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.