Fire Capital Management LLC Takes Position in Rockwell Automation, Inc. (NYSE:ROK)

Fire Capital Management LLC acquired a new stake in shares of Rockwell Automation, Inc. (NYSE:ROK - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 2,771 shares of the industrial products company's stock, valued at approximately $792,000.

A number of other hedge funds also recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC lifted its position in shares of Rockwell Automation by 10.8% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 20,047 shares of the industrial products company's stock valued at $5,729,000 after acquiring an additional 1,955 shares in the last quarter. Mattson Financial Services LLC lifted its position in shares of Rockwell Automation by 5,000.0% in the 4th quarter. Mattson Financial Services LLC now owns 1,224 shares of the industrial products company's stock valued at $329,000 after acquiring an additional 1,200 shares in the last quarter. Alpha Wealth Funds LLC purchased a new stake in shares of Rockwell Automation in the 4th quarter valued at approximately $387,000. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of Rockwell Automation in the 4th quarter valued at approximately $36,219,000. Finally, Capital A Wealth Management LLC purchased a new stake in shares of Rockwell Automation in the 4th quarter valued at approximately $103,000. 75.75% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, SVP Matheus De A. G. Viera Bulho sold 293 shares of the stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $257.68, for a total value of $75,500.24. Following the completion of the sale, the senior vice president now directly owns 1,922 shares of the company's stock, valued at approximately $495,260.96. This represents a 13.23% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Matthew W. Fordenwalt sold 450 shares of the stock in a transaction that occurred on Thursday, May 29th. The shares were sold at an average price of $315.02, for a total value of $141,759.00. Following the completion of the sale, the senior vice president now directly owns 2,838 shares of the company's stock, valued at $894,026.76. This represents a 13.69% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 5,182 shares of company stock worth $1,555,841. 0.68% of the stock is currently owned by insiders.

Rockwell Automation Stock Up 0.1%

Shares of NYSE ROK traded up $0.25 during trading hours on Friday, hitting $315.18. The stock had a trading volume of 1,520,895 shares, compared to its average volume of 879,192. The company has a market capitalization of $35.53 billion, a P/E ratio of 39.25, a P/E/G ratio of 3.53 and a beta of 1.32. The firm's 50-day moving average price is $264.87 and its two-hundred day moving average price is $277.47. Rockwell Automation, Inc. has a 52 week low of $215.00 and a 52 week high of $316.22. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.72 and a current ratio of 1.08.

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 the consensus estimate of $2.09 by $0.36. Rockwell Automation had a return on equity of 30.17% and a net margin of 11.38%. The business had revenue of $2 billion during the quarter, compared to analysts' expectations of $1.97 billion. During the same quarter in the previous year, the business posted $2.50 EPS. The firm's quarterly revenue was down 5.9% compared to the same quarter last year. Analysts anticipate that Rockwell Automation, Inc. will post 9.35 EPS for the current fiscal year.

Rockwell Automation Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Monday, May 19th will be issued a $1.31 dividend. The ex-dividend date is Monday, May 19th. This represents a $5.24 annualized dividend and a yield of 1.66%. Rockwell Automation's dividend payout ratio (DPR) is currently 65.99%.

Wall Street Analyst Weigh In

Several brokerages recently commented on ROK. BNP Paribas upgraded shares of Rockwell Automation from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, April 9th. Morgan Stanley upped their target price on Rockwell Automation from $335.00 to $345.00 and gave the company an "overweight" rating in a report on Wednesday, February 12th. KeyCorp raised their price target on shares of Rockwell Automation from $275.00 to $330.00 and gave the stock an "overweight" rating in a report on Thursday, May 8th. Wells Fargo & Company raised their price target on shares of Rockwell Automation from $265.00 to $315.00 and gave the stock an "overweight" rating in a report on Thursday, May 8th. Finally, Robert W. Baird raised their price target on shares of Rockwell Automation from $305.00 to $315.00 and gave the stock an "outperform" rating in a report on Tuesday, February 11th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $313.89.

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.