Rockwell Automation, Inc. (NYSE:ROK) Shares Bought by Apollon Wealth Management LLC

Apollon Wealth Management LLC lifted its stake in shares of Rockwell Automation, Inc. (NYSE:ROK - Free Report) by 37.7% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,976 shares of the industrial products company's stock after buying an additional 1,363 shares during the quarter. Apollon Wealth Management LLC's holdings in Rockwell Automation were worth $1,286,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in the stock. Meiji Yasuda Asset Management Co Ltd. increased its position in shares of Rockwell Automation by 0.9% in the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 3,775 shares of the industrial products company's stock worth $1,079,000 after purchasing an additional 33 shares during the last quarter. Whittier Trust Co. raised its stake in Rockwell Automation by 1.9% during the fourth quarter. Whittier Trust Co. now owns 1,896 shares of the industrial products company's stock valued at $542,000 after buying an additional 35 shares in the last quarter. Bank Pictet & Cie Europe AG raised its stake in Rockwell Automation by 0.9% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 4,195 shares of the industrial products company's stock valued at $1,199,000 after buying an additional 38 shares in the last quarter. Allspring Global Investments Holdings LLC grew its position in shares of Rockwell Automation by 0.8% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 5,652 shares of the industrial products company's stock worth $1,462,000 after acquiring an additional 43 shares in the last quarter. Finally, Mendel Money Management increased its holdings in shares of Rockwell Automation by 1.7% in the 4th quarter. Mendel Money Management now owns 2,721 shares of the industrial products company's stock valued at $778,000 after acquiring an additional 45 shares during the last quarter. Institutional investors and hedge funds own 75.75% of the company's stock.

Rockwell Automation Stock Up 1.4%

ROK opened at $351.57 on Thursday. The stock's 50 day moving average price is $322.29 and its 200 day moving average price is $286.30. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.05 and a quick ratio of 0.72. The stock has a market cap of $39.63 billion, a P/E ratio of 44.28, a P/E/G ratio of 3.90 and a beta of 1.38. Rockwell Automation, Inc. has a 12 month low of $215.00 and a 12 month high of $353.72.

Rockwell Automation (NYSE:ROK - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The industrial products company reported $2.45 EPS for the quarter, beating analysts' consensus estimates of $2.09 by $0.36. Rockwell Automation had a return on equity of 30.16% and a net margin of 11.38%. The company had revenue of $2 billion for the quarter, compared to analyst estimates of $1.97 billion. During the same period last year, the company earned $2.50 earnings per share. The company's quarterly revenue was down 5.9% compared to the same quarter last year. As a group, research analysts predict that Rockwell Automation, Inc. will post 9.35 earnings per share for the current year.

Rockwell Automation Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Monday, August 18th will be given a dividend of $1.31 per share. The ex-dividend date is Monday, August 18th. This represents a $5.24 dividend on an annualized basis and a dividend yield of 1.49%. Rockwell Automation's dividend payout ratio (DPR) is 65.99%.

Analysts Set New Price Targets

A number of research firms have commented on ROK. CICC Research initiated coverage on shares of Rockwell Automation in a report on Monday, July 7th. They issued an "outperform" rating and a $381.00 price objective for the company. Oppenheimer lifted their price target on shares of Rockwell Automation from $258.00 to $304.00 and gave the company an "outperform" rating in a report on Thursday, May 8th. BNP Paribas raised shares of Rockwell Automation from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, April 9th. Bank of America raised shares of Rockwell Automation from a "neutral" rating to a "buy" rating and raised their target price for the stock from $360.00 to $410.00 in a report on Wednesday. Finally, Wells Fargo & Company lifted their target price on Rockwell Automation from $315.00 to $365.00 and gave the company an "overweight" rating in a research note on Tuesday, July 1st. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $337.58.

Insider Buying and Selling

In other Rockwell Automation news, VP Isaac Woods sold 297 shares of the stock in a transaction on Monday, June 9th. The stock was sold at an average price of $326.31, for a total transaction of $96,914.07. Following the completion of the transaction, the vice president directly owned 1,691 shares of the company's stock, valued at approximately $551,790.21. This trade represents a 14.94% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Tessa M. Myers sold 363 shares of Rockwell Automation 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 transaction, the senior vice president owned 4,063 shares in the company, valued at approximately $1,325,838.16. This trade represents a 8.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 7,388 shares of company stock worth $2,307,487. Company insiders own 0.68% of the company's stock.

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.

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