HB Wealth Management LLC Has $1.49 Million Stock Position in Rockwell Automation, Inc. (NYSE:ROK)

Key Points

• HB Wealth Management LLC increased its holdings in Rockwell Automation, Inc. by 30.1% during the 1st quarter, bringing its total shares to 5,763, valued at approximately $1.49 million.
• Rockwell Automation reported an EPS of $2.45 for the last quarter, surpassing analysts' expectations and achieving a revenue of $2 billion, although this represented a 5.9% decrease year-over-year.
• The company announced a quarterly dividend of $1.31 per share, which translates to an annualized yield of 1.47% and a payout ratio of 65.99%.

HB Wealth Management LLC grew its position in Rockwell Automation, Inc. (NYSE:ROK - Free Report) by 30.1% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,763 shares of the industrial products company's stock after acquiring an additional 1,335 shares during the quarter. HB Wealth Management LLC's holdings in Rockwell Automation were worth $1,489,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of ROK. Phoenix Financial Ltd. acquired a new stake in shares of Rockwell Automation during the first quarter valued at $272,000. Stevens Capital Management LP purchased a new stake in shares of Rockwell Automation during the 1st quarter worth about $876,000. Assetmark Inc. grew its holdings in shares of Rockwell Automation by 4.9% during the 1st quarter. Assetmark Inc. now owns 3,196 shares of the industrial products company's stock worth $826,000 after purchasing an additional 149 shares during the period. Elefante Mark B grew its holdings in shares of Rockwell Automation by 16.0% during the 1st quarter. Elefante Mark B now owns 11,989 shares of the industrial products company's stock worth $3,098,000 after purchasing an additional 1,650 shares during the period. Finally, Avantax Advisory Services Inc. lifted its position in Rockwell Automation by 30.3% during the 1st quarter. Avantax Advisory Services Inc. now owns 7,167 shares of the industrial products company's stock worth $1,852,000 after acquiring an additional 1,667 shares in the last quarter. Hedge funds and other institutional investors own 75.75% of the company's stock.

Insider Transactions at Rockwell Automation

In other news, SVP Matheus De A. G. Viera Bulho sold 526 shares of the company's stock in a transaction on Wednesday, June 11th. The stock was sold at an average price of $325.35, for a total value of $171,134.10. Following the completion of the sale, the senior vice president owned 983 shares in the company, valued at $319,819.05. This represents a 34.86% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, SVP Tessa M. Myers sold 363 shares of the company's stock in a transaction on Monday, June 9th. The shares were sold at an average price of $326.32, for a total value of $118,454.16. Following the completion of the sale, the senior vice president owned 4,063 shares of the company's stock, valued at approximately $1,325,838.16. This trade represents a 8.20% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 9,757 shares of company stock valued at $3,138,220 over the last three months. 0.68% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities analysts recently commented on the company. Wells Fargo & Company boosted their price target on Rockwell Automation from $315.00 to $365.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 1st. Oppenheimer upped their target price on Rockwell Automation from $304.00 to $371.00 and gave the company an "outperform" rating in a research report on Thursday, July 17th. Stephens reaffirmed an "overweight" rating and issued a $375.00 target price (up from $350.00) on shares of Rockwell Automation in a research report on Wednesday, July 16th. KeyCorp upped their target price on Rockwell Automation from $360.00 to $370.00 and gave the company an "overweight" rating in a research report on Tuesday, July 15th. Finally, JPMorgan Chase & Co. upped their target price on Rockwell Automation from $271.00 to $299.00 and gave the company a "neutral" rating in a research report on Friday, May 16th. One analyst has rated the stock with a sell rating, five have given a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $341.11.

Rockwell Automation Stock Performance

ROK traded down $9.72 during trading on Friday, reaching $342.00. 613,539 shares of the company were exchanged, compared to its average volume of 920,321. The stock has a market cap of $38.55 billion, a P/E ratio of 43.05, a PEG ratio of 3.58 and a beta of 1.38. The firm has a 50 day moving average of $333.54 and a 200 day moving average of $291.90. The company has a current ratio of 1.05, a quick ratio of 0.72 and a debt-to-equity ratio of 0.71. Rockwell Automation, Inc. has a 52 week low of $215.00 and a 52 week high of $360.92.

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, topping the consensus estimate of $2.09 by $0.36. The company had revenue of $2 billion during the quarter, compared to analysts' expectations of $1.97 billion. Rockwell Automation had a return on equity of 30.16% and a net margin of 11.38%. The company's revenue for the quarter was down 5.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.50 earnings per share. On average, sell-side analysts forecast that Rockwell Automation, Inc. will post 9.35 EPS for the current fiscal year.

Rockwell Automation Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Monday, August 18th will be given a $1.31 dividend. This represents a $5.24 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date is Monday, August 18th. Rockwell Automation's dividend payout ratio is 65.99%.

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.