Mattson Financial Services LLC Raises Holdings in Rockwell Automation, Inc. (NYSE:ROK)

Mattson Financial Services LLC boosted its stake in shares of Rockwell Automation, Inc. (NYSE:ROK - Free Report) by 5,000.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 1,224 shares of the industrial products company's stock after buying an additional 1,200 shares during the period. Mattson Financial Services LLC's holdings in Rockwell Automation were worth $329,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Bank of Jackson Hole Trust bought a new position in shares of Rockwell Automation in the fourth quarter valued at $34,000. SBI Securities Co. Ltd. bought a new stake in shares of Rockwell Automation in the fourth quarter valued at about $35,000. Parvin Asset Management LLC bought a new stake in shares of Rockwell Automation in the fourth quarter valued at about $36,000. Flagship Wealth Advisors LLC bought a new stake in shares of Rockwell Automation in the fourth quarter valued at about $38,000. Finally, Knuff & Co LLC lifted its holdings in shares of Rockwell Automation by 41.0% during the 4th quarter. Knuff & Co LLC now owns 141 shares of the industrial products company's stock worth $40,000 after acquiring an additional 41 shares during the period. 75.75% of the stock is currently owned by institutional investors and hedge funds.

Rockwell Automation Trading Up 0.1%

ROK traded up $0.25 during trading hours on Friday, reaching $315.18. 1,520,895 shares of the company's stock traded hands, compared to its average volume of 879,189. The company has a quick ratio of 0.72, a current ratio of 1.08 and a debt-to-equity ratio of 0.72. The firm has a 50-day moving average price of $264.87 and a 200 day moving average price of $277.47. The firm has a market capitalization of $35.53 billion, a PE ratio of 39.25, a PEG ratio of 3.53 and a beta of 1.32. Rockwell Automation, Inc. has a 52-week low of $215.00 and a 52-week high of $318.74.

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

Rockwell Automation Announces Dividend

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

Insider Transactions at Rockwell Automation

In other Rockwell Automation news, VP Scott Genereux sold 500 shares of the stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $290.14, for a total transaction of $145,070.00. Following the transaction, the vice president now owns 1,905 shares in the company, valued at approximately $552,716.70. This represents a 20.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Matthew W. Fordenwalt sold 450 shares of the company's stock in a transaction that occurred on Thursday, May 29th. The stock was sold at an average price of $315.02, for a total value of $141,759.00. Following the transaction, the senior vice president now directly owns 2,838 shares of the company's stock, valued at approximately $894,026.76. The trade was a 13.69% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 5,182 shares of company stock valued at $1,555,841. Corporate insiders own 0.68% of the company's stock.

Analyst Ratings Changes

ROK has been the subject of several research analyst reports. TD Cowen raised Rockwell Automation from a "sell" rating to a "hold" rating and set a $275.00 target price for the company in a research note on Friday, May 9th. Barclays upgraded Rockwell Automation from an "equal weight" rating to an "overweight" rating and increased their price target for the stock from $283.00 to $350.00 in a report on Friday. Morgan Stanley increased their price target on Rockwell Automation from $335.00 to $345.00 and gave the stock an "overweight" rating in a report on Wednesday, February 12th. BNP Paribas raised Rockwell Automation from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, April 9th. Finally, Citigroup raised their target price on Rockwell Automation from $283.00 to $327.00 and gave the company a "buy" rating in a research report on Thursday, May 8th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target 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.