Farther Finance Advisors LLC Grows Stock Holdings in Rockwell Automation, Inc. (NYSE:ROK)

Farther Finance Advisors LLC grew its holdings in Rockwell Automation, Inc. (NYSE:ROK - Free Report) by 122.6% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,291 shares of the industrial products company's stock after buying an additional 1,262 shares during the period. Farther Finance Advisors LLC's holdings in Rockwell Automation were worth $593,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Bank of Jackson Hole Trust purchased a new position in Rockwell Automation in the fourth quarter worth about $34,000. SBI Securities Co. Ltd. purchased a new position in shares of Rockwell Automation in the 4th quarter worth approximately $35,000. Parvin Asset Management LLC bought a new position in shares of Rockwell Automation during the 4th quarter valued at approximately $36,000. Flagship Wealth Advisors LLC bought a new position in shares of Rockwell Automation during the 4th quarter valued at approximately $38,000. Finally, Knuff & Co LLC raised its holdings 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 during the period. 75.75% of the stock is currently owned by institutional investors.

Rockwell Automation Stock Performance

ROK stock opened at $317.36 on Friday. 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 1-year low of $215.00 and a 1-year high of $328.90. The business has a 50-day moving average price of $279.47 and a 200 day moving average price of $279.78. The company has a market capitalization of $35.77 billion, a P/E ratio of 39.52, a PEG ratio of 3.53 and a beta of 1.38.

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

Rockwell Automation Dividend Announcement

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

Insider Transactions at Rockwell Automation

In related news, SVP Matheus De A. G. Viera Bulho sold 526 shares of the business's stock in a transaction that occurred on Wednesday, June 11th. The shares were sold at an average price of $325.35, for a total transaction of $171,134.10. Following the completion of the transaction, the senior vice president now owns 983 shares in the company, valued at $319,819.05. The trade was a 34.86% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Matthew W. Fordenwalt sold 500 shares of the firm's stock in a transaction that occurred 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 completion of the sale, the senior vice president now owns 2,838 shares of the company's stock, valued at approximately $837,238.38. This trade represents a 14.98% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 7,681 shares of company stock valued at $2,382,987. Corporate insiders own 0.68% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Wells Fargo & Company boosted their price objective on shares of Rockwell Automation from $265.00 to $315.00 and gave the company an "overweight" rating in a research report on Thursday, May 8th. Oppenheimer upped their price target on shares of Rockwell Automation from $258.00 to $304.00 and gave the company an "outperform" rating in a report on Thursday, May 8th. JPMorgan Chase & Co. raised their price objective on shares of Rockwell Automation from $271.00 to $299.00 and gave the stock a "neutral" rating in a research note on Friday, May 16th. KeyCorp upped their target price on Rockwell Automation from $345.00 to $360.00 and gave the company an "overweight" rating in a research note on Friday. Finally, Loop Capital increased their price target on Rockwell Automation from $280.00 to $290.00 and gave the stock a "hold" rating in a report on Thursday, May 15th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $317.79.

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.

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