Inscription Capital LLC Invests $298,000 in Rockwell Automation, Inc. (NYSE:ROK)

Inscription Capital LLC purchased a new position in Rockwell Automation, Inc. (NYSE:ROK - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm purchased 1,153 shares of the industrial products company's stock, valued at approximately $298,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Brighton Jones LLC bought a new position in Rockwell Automation during the fourth quarter valued at about $281,000. Blue Trust Inc. grew its holdings in shares of Rockwell Automation by 64.4% during the 4th quarter. Blue Trust Inc. now owns 1,223 shares of the industrial products company's stock worth $350,000 after purchasing an additional 479 shares in the last quarter. Bank Pictet & Cie Europe AG grew its holdings in shares of Rockwell Automation by 0.9% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 4,195 shares of the industrial products company's stock worth $1,199,000 after purchasing an additional 38 shares in the last quarter. Principal Securities Inc. increased its position in shares of Rockwell Automation by 19.5% during the fourth quarter. Principal Securities Inc. now owns 1,117 shares of the industrial products company's stock valued at $319,000 after purchasing an additional 182 shares during the period. Finally, Allworth Financial LP raised its stake in shares of Rockwell Automation by 39.8% in the fourth quarter. Allworth Financial LP now owns 6,486 shares of the industrial products company's stock valued at $1,874,000 after purchasing an additional 1,845 shares in the last quarter. Institutional investors own 75.75% of the company's stock.

Rockwell Automation Price Performance

Shares of ROK traded up $1.04 on Thursday, hitting $321.45. The company's stock had a trading volume of 662,328 shares, compared to its average volume of 882,050. The company has a market capitalization of $36.23 billion, a PE ratio of 40.48, a PEG ratio of 3.72 and a beta of 1.38. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.05 and a quick ratio of 0.72. Rockwell Automation, Inc. has a fifty-two week low of $215.00 and a fifty-two week high of $328.90. The company has a 50 day moving average price of $284.74 and a 200 day moving average price of $280.44.

Rockwell Automation (NYSE:ROK - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The industrial products company reported $2.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.09 by $0.36. The firm had revenue of $2 billion during the quarter, compared to the consensus estimate of $1.97 billion. Rockwell Automation had a return on equity of 30.16% and a net margin of 11.38%. 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 posted $2.50 EPS. On average, research analysts anticipate that Rockwell Automation, Inc. will post 9.35 earnings per share for the current fiscal year.

Rockwell Automation Announces Dividend

The business also recently declared 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. The ex-dividend date of this dividend is Monday, August 18th. This represents a $5.24 annualized dividend and a yield of 1.63%. Rockwell Automation's dividend payout ratio (DPR) is 65.99%.

Wall Street Analyst Weigh In

Several research analysts recently commented on ROK shares. Oppenheimer raised their target price on Rockwell Automation from $258.00 to $304.00 and gave the stock an "outperform" rating in a research report on Thursday, May 8th. Barclays upgraded shares of Rockwell Automation from an "equal weight" rating to an "overweight" rating and increased their price objective for the company from $283.00 to $350.00 in a research note on Friday, May 30th. KeyCorp reiterated an "overweight" rating and set a $360.00 target price (up from $345.00) on shares of Rockwell Automation in a research report on Friday, June 13th. BNP Paribas raised shares of Rockwell Automation from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, April 9th. Finally, Citigroup increased their price target on shares of Rockwell Automation from $327.00 to $371.00 and gave the stock a "buy" rating in a research report on Wednesday, June 4th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $317.79.

Insider Buying and Selling

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

About Rockwell Automation

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.