Rockwell Automation, Inc. (NYSE:ROK) Shares Purchased by Golden State Wealth Management LLC

Golden State Wealth Management LLC boosted its position in shares of Rockwell Automation, Inc. (NYSE:ROK - Free Report) by 110.2% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,254 shares of the industrial products company's stock after buying an additional 2,754 shares during the quarter. Golden State Wealth Management LLC's holdings in Rockwell Automation were worth $1,358,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. purchased a new stake in shares of Rockwell Automation during the 4th quarter worth about $35,000. Parvin Asset Management LLC purchased a new position in Rockwell Automation during the fourth quarter worth approximately $36,000. Flagship Wealth Advisors LLC acquired a new stake in Rockwell Automation in the fourth quarter valued at approximately $38,000. Knuff & Co LLC increased its position in shares of Rockwell Automation by 41.0% in the fourth 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. Finally, Accredited Wealth Management LLC purchased a new stake in shares of Rockwell Automation in the fourth quarter valued at approximately $47,000. Institutional investors and hedge funds own 75.75% of the company's stock.

Wall Street Analyst Weigh In

ROK has been the topic of a number of research analyst reports. Wells Fargo & Company lifted their price target 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. Oppenheimer boosted their target price on shares of Rockwell Automation from $258.00 to $304.00 and gave the stock an "outperform" rating in a research note on Thursday, May 8th. BNP Paribas raised shares of Rockwell Automation from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, April 9th. KeyCorp reiterated an "overweight" rating and issued a $360.00 price objective (up from $345.00) on shares of Rockwell Automation in a report on Friday, June 13th. Finally, JPMorgan Chase & Co. increased their target price on Rockwell Automation from $271.00 to $299.00 and gave the company a "neutral" rating in a report on Friday, May 16th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $317.79.

Insider Activity at Rockwell Automation

In other Rockwell Automation news, SVP Matthew W. Fordenwalt sold 223 shares of the firm's stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $313.97, for a total value of $70,015.31. Following the completion of the transaction, the senior vice president now owns 3,209 shares of the company's stock, valued at $1,007,529.73. This trade represents a 6.50% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, SVP Matheus De A. G. Viera Bulho sold 293 shares of the company's stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $257.68, for a total value of $75,500.24. Following the transaction, 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 disclosure for this sale can be found here. In the last ninety days, insiders have sold 7,681 shares of company stock worth $2,382,987. Company insiders own 0.68% of the company's stock.

Rockwell Automation Trading Up 1.2%

Rockwell Automation stock traded up $3.82 during midday trading on Friday, hitting $330.03. 940,246 shares of the stock were exchanged, compared to its average volume of 872,109. The company has a current ratio of 1.05, a quick ratio of 0.72 and a debt-to-equity ratio of 0.71. The stock's 50-day simple moving average is $295.87 and its 200 day simple moving average is $281.59. Rockwell Automation, Inc. has a fifty-two week low of $215.00 and a fifty-two week high of $331.17. The stock has a market capitalization of $37.20 billion, a price-to-earnings ratio of 41.57, a PEG ratio of 3.78 and a beta of 1.38.

Rockwell Automation (NYSE:ROK - Get Free Report) last released 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. The firm had revenue of $2 billion for 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 30.16%. The business's revenue for the quarter was down 5.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.50 EPS. On average, equities analysts anticipate that Rockwell Automation, Inc. will post 9.35 EPS for the current year.

Rockwell Automation Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Monday, August 18th will be given a dividend of $1.31 per share. This represents a $5.24 dividend on an annualized basis and a dividend yield of 1.59%. The ex-dividend date of this dividend is Monday, August 18th. Rockwell Automation's payout ratio is 65.99%.

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.