Isthmus Partners LLC Has $11.10 Million Position in Rockwell Automation, Inc. (NYSE:ROK)

Isthmus Partners LLC boosted its position in shares of Rockwell Automation, Inc. (NYSE:ROK - Free Report) by 2.9% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 42,939 shares of the industrial products company's stock after purchasing an additional 1,192 shares during the quarter. Isthmus Partners LLC's holdings in Rockwell Automation were worth $11,095,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of ROK. CWM LLC lifted its stake in Rockwell Automation by 3.7% in the first quarter. CWM LLC now owns 2,353 shares of the industrial products company's stock valued at $608,000 after buying an additional 84 shares in the last quarter. Drystone LLC lifted its stake in Rockwell Automation by 24.1% in the first quarter. Drystone LLC now owns 25,647 shares of the industrial products company's stock valued at $6,627,000 after buying an additional 4,975 shares in the last quarter. Stephens Investment Management Group LLC lifted its stake in Rockwell Automation by 2.6% in the first quarter. Stephens Investment Management Group LLC now owns 184,167 shares of the industrial products company's stock valued at $47,585,000 after buying an additional 4,664 shares in the last quarter. Stephens Inc. AR lifted its stake in Rockwell Automation by 1.4% in the first quarter. Stephens Inc. AR now owns 25,822 shares of the industrial products company's stock valued at $6,672,000 after buying an additional 349 shares in the last quarter. Finally, New York State Common Retirement Fund lifted its stake in Rockwell Automation by 1.2% in the first quarter. New York State Common Retirement Fund now owns 70,691 shares of the industrial products company's stock valued at $18,265,000 after buying an additional 862 shares in the last quarter. Institutional investors and hedge funds own 75.75% of the company's stock.

Insiders Place Their Bets

In related news, SVP Matthew W. Fordenwalt sold 500 shares of the company's stock in a transaction dated Wednesday, June 4th. The shares were sold at an average price of $320.02, for a total transaction of $160,010.00. Following the completion of the sale, the senior vice president owned 2,709 shares of the company's stock, valued at $866,934.18. This represents a 15.58% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Matheus De A. G. Viera Bulho sold 939 shares of the company's stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $304.24, for a total transaction of $285,681.36. Following the sale, the senior vice president directly owned 983 shares of the company's stock, valued at $299,067.92. This represents a 48.86% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 7,388 shares of company stock valued at $2,307,487 in the last three months. Insiders own 0.68% of the company's stock.

Rockwell Automation Stock Performance

Shares of NYSE:ROK traded down $1.27 on Monday, hitting $341.80. The company had a trading volume of 184,355 shares, compared to its average volume of 862,435. Rockwell Automation, Inc. has a 1-year low of $215.00 and a 1-year high of $348.43. The stock has a market cap of $38.53 billion, a price-to-earnings ratio of 43.08, a P/E/G ratio of 3.86 and a beta of 1.38. The stock has a 50 day moving average price of $317.25 and a 200 day moving average price of $285.05. 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 (NYSE:ROK - Get Free Report) last released its quarterly earnings data 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. Rockwell Automation had a net margin of 11.38% and a return on equity of 30.16%. The firm had revenue of $2 billion for the quarter, compared to the consensus estimate of $1.97 billion. During the same period in the previous year, the company earned $2.50 earnings per share. The company's quarterly revenue was down 5.9% on a year-over-year basis. Analysts expect that Rockwell Automation, Inc. will post 9.35 EPS for the current year.

Rockwell Automation Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Monday, August 18th will be paid a $1.31 dividend. The ex-dividend date is Monday, August 18th. This represents a $5.24 annualized dividend and a dividend yield of 1.53%. Rockwell Automation's dividend payout ratio (DPR) is presently 65.99%.

Analyst Ratings Changes

ROK has been the topic of a number of research reports. Bank of America lifted their price target on shares of Rockwell Automation from $330.00 to $360.00 and gave the company a "neutral" rating in a research note on Wednesday, July 2nd. TD Cowen raised shares of Rockwell Automation from a "sell" rating to a "hold" rating and set a $275.00 price objective on the stock in a research report on Friday, May 9th. Oppenheimer boosted their price objective on shares of Rockwell Automation from $258.00 to $304.00 and gave the stock an "outperform" rating in a research report on Thursday, May 8th. CICC Research assumed coverage on shares of Rockwell Automation in a research report on Monday, July 7th. They issued an "outperform" rating and a $381.00 price objective on the stock. Finally, Barclays boosted their price objective on shares of Rockwell Automation from $350.00 to $370.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 9th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Rockwell Automation has an average rating of "Moderate Buy" and a consensus target price of $332.00.

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.