Sagespring Wealth Partners LLC Purchases New Holdings in Rockwell Automation, Inc. (NYSE:ROK)

Sagespring Wealth Partners LLC purchased a new stake in shares of Rockwell Automation, Inc. (NYSE:ROK - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 781 shares of the industrial products company's stock, valued at approximately $202,000.

Several other institutional investors have also added to or reduced their stakes in ROK. Brighton Jones LLC purchased a new stake in Rockwell Automation during the 4th quarter valued at $281,000. Bank Pictet & Cie Europe AG lifted its position in shares of Rockwell Automation by 0.9% in 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 during the period. Principal Securities Inc. lifted its position in shares of Rockwell Automation by 19.5% in the 4th quarter. Principal Securities Inc. now owns 1,117 shares of the industrial products company's stock worth $319,000 after purchasing an additional 182 shares during the period. Strategic Financial Concepts LLC purchased a new stake in shares of Rockwell Automation in the 4th quarter worth about $328,000. Finally, Atria Wealth Solutions Inc. lifted its position in shares of Rockwell Automation by 0.5% in the 4th quarter. Atria Wealth Solutions Inc. now owns 9,691 shares of the industrial products company's stock worth $2,770,000 after purchasing an additional 45 shares during the period. Hedge funds and other institutional investors own 75.75% of the company's stock.

Insider Buying and Selling at Rockwell Automation

In other news, SVP Christopher Nardecchia sold 551 shares of the business's stock in a transaction dated Monday, June 9th. The shares were sold at an average price of $326.31, for a total value of $179,796.81. Following the sale, the senior vice president now directly owns 12,711 shares in the company, valued at $4,147,726.41. The trade was a 4.15% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Matheus De A. G. Viera Bulho sold 526 shares of the business's stock in a transaction dated Wednesday, June 11th. The stock was sold at an average price of $325.35, for a total transaction of $171,134.10. Following the completion of the sale, the senior vice president now owns 983 shares in the company, valued at approximately $319,819.05. This trade represents a 34.86% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 7,681 shares of company stock worth $2,382,987. Insiders own 0.68% of the company's stock.

Rockwell Automation Stock Down 0.3%

Shares of ROK traded down $0.84 on Friday, hitting $320.97. 1,083,786 shares of the stock traded hands, compared to its average volume of 877,072. The company has a market capitalization of $36.18 billion, a PE ratio of 40.42, a P/E/G ratio of 3.73 and a beta of 1.38. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.72 and a current ratio of 1.05. The business has a 50 day simple moving average of $288.41 and a 200 day simple moving average of $280.72. Rockwell Automation, Inc. has a one year low of $215.00 and a one year high of $328.90.

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 (EPS) for the quarter, topping the consensus estimate of $2.09 by $0.36. The company had revenue of $2 billion for the quarter, compared to analysts' expectations of $1.97 billion. Rockwell Automation had a net margin of 11.38% and a return on equity of 30.16%. The firm's quarterly revenue was down 5.9% on a year-over-year basis. During the same quarter last year, the company posted $2.50 earnings per share. As a group, equities analysts forecast 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. Shareholders of record on Monday, August 18th will be issued a $1.31 dividend. The ex-dividend date of this dividend is Monday, August 18th. This represents a $5.24 dividend on an annualized basis and a yield of 1.63%. Rockwell Automation's dividend payout ratio is currently 65.99%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. KeyCorp reaffirmed an "overweight" rating and issued a $360.00 target price (up from $345.00) on shares of Rockwell Automation in a research report on Friday, June 13th. Citigroup raised their target price 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. Loop Capital raised their target price on shares of Rockwell Automation from $280.00 to $290.00 and gave the stock a "hold" rating in a research report 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 for the company in a research report on Friday, May 9th. Finally, JPMorgan Chase & Co. raised their target price on shares of Rockwell Automation from $271.00 to $299.00 and gave the stock a "neutral" rating in a research report on Friday, May 16th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $317.79.

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.