Rockwell Automation, Inc. (NYSE:ROK) Shares Sold by SilverOak Wealth Management LLC

SilverOak Wealth Management LLC trimmed its position in Rockwell Automation, Inc. (NYSE:ROK - Free Report) by 10.2% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,694 shares of the industrial products company's stock after selling 1,100 shares during the period. Rockwell Automation accounts for approximately 0.5% of SilverOak Wealth Management LLC's investment portfolio, making the stock its 25th biggest holding. SilverOak Wealth Management LLC's holdings in Rockwell Automation were worth $2,505,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in ROK. U.S. Capital Wealth Advisors LLC acquired a new stake in Rockwell Automation during the 1st quarter worth about $240,000. Cooksen Wealth LLC acquired a new stake in Rockwell Automation during the 1st quarter worth about $34,000. TD Private Client Wealth LLC grew its position in Rockwell Automation by 27.1% during the 1st quarter. TD Private Client Wealth LLC now owns 1,938 shares of the industrial products company's stock worth $501,000 after purchasing an additional 413 shares during the period. Envestnet Asset Management Inc. grew its position in Rockwell Automation by 46.4% during the 1st quarter. Envestnet Asset Management Inc. now owns 279,852 shares of the industrial products company's stock worth $72,308,000 after purchasing an additional 88,713 shares during the period. Finally, Truist Financial Corp boosted its stake in shares of Rockwell Automation by 67.6% during the 1st quarter. Truist Financial Corp now owns 171,532 shares of the industrial products company's stock worth $44,321,000 after acquiring an additional 69,185 shares in the last quarter. 75.75% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

ROK has been the topic of several recent analyst reports. Oppenheimer increased their target price on shares of Rockwell Automation from $258.00 to $304.00 and gave the stock an "outperform" rating in a research note on Thursday, May 8th. KeyCorp reissued an "overweight" rating and set a $360.00 target price (up from $345.00) on shares of Rockwell Automation in a research note on Friday, June 13th. Loop Capital increased their target price on shares of Rockwell Automation from $280.00 to $290.00 and gave the stock a "hold" rating in a research note on Thursday, May 15th. TD Cowen raised shares of Rockwell Automation from a "sell" rating to a "hold" rating and set a $275.00 target price on the stock in a research note on Friday, May 9th. Finally, JPMorgan Chase & Co. increased their target price on shares of Rockwell Automation from $271.00 to $299.00 and gave the stock a "neutral" rating in a research note on Friday, May 16th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Rockwell Automation presently has a consensus rating of "Moderate Buy" and an average target price of $332.00.

Rockwell Automation Price Performance

ROK traded down $1.81 during trading on Friday, reaching $343.14. The company's stock had a trading volume of 516,535 shares, compared to its average volume of 865,936. The company has a quick ratio of 0.72, a current ratio of 1.05 and a debt-to-equity ratio of 0.71. The firm has a fifty day simple moving average of $317.25 and a two-hundred day simple moving average of $285.16. Rockwell Automation, Inc. has a 1 year low of $215.00 and a 1 year high of $348.43. The company has a market cap of $38.68 billion, a price-to-earnings ratio of 43.22, a PEG ratio of 3.88 and a beta of 1.38.

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

Rockwell Automation Announces Dividend

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

Insiders Place Their Bets

In other Rockwell Automation news, SVP Matheus De A. G. Viera Bulho sold 939 shares of the firm's stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $304.24, for a total value of $285,681.36. Following the transaction, the senior vice president directly owned 983 shares of the company's stock, valued at $299,067.92. This trade represents a 48.86% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Tessa M. Myers sold 363 shares of the firm's stock in a transaction that occurred on Monday, June 9th. The stock was sold at an average price of $326.32, for a total transaction of $118,454.16. Following the completion of the transaction, the senior vice president directly owned 4,063 shares in the company, valued at $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. Over the last three months, insiders sold 7,388 shares of company stock worth $2,307,487. 0.68% of the stock is currently owned by insiders.

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.