Simplicity Wealth LLC Makes New $228,000 Investment in Rockwell Automation, Inc. (NYSE:ROK)

Simplicity Wealth LLC bought a new position in shares of Rockwell Automation, Inc. (NYSE:ROK - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 882 shares of the industrial products company's stock, valued at approximately $228,000.

A number of other hedge funds have also recently bought and sold shares of ROK. Bank of Jackson Hole Trust acquired a new position in Rockwell Automation during the fourth quarter worth about $34,000. SBI Securities Co. Ltd. purchased a new position in Rockwell Automation in the 4th quarter worth about $35,000. Parvin Asset Management LLC acquired a new stake in Rockwell Automation during the 4th quarter worth about $36,000. Flagship Wealth Advisors LLC acquired a new stake in Rockwell Automation during the 4th quarter worth about $38,000. Finally, Knuff & Co LLC raised its holdings in 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 buying an additional 41 shares during the period. 75.75% of the stock is owned by institutional investors and hedge funds.

Rockwell Automation Stock Up 1.9%

Shares of Rockwell Automation stock traded up $5.98 during trading on Monday, hitting $323.83. 669,416 shares of the stock traded hands, compared to its average volume of 883,782. The stock has a market cap of $36.50 billion, a P/E ratio of 40.33, a PEG ratio of 3.53 and a beta of 1.38. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.72 and a current ratio of 1.08. Rockwell Automation, Inc. has a twelve month low of $215.00 and a twelve month high of $328.90. The company has a fifty day moving average price of $281.60 and a two-hundred day moving average price of $279.87.

Rockwell Automation (NYSE:ROK - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The industrial products company reported $2.45 earnings per share (EPS) for the quarter, beating the consensus estimate 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%. The firm's revenue was down 5.9% on a year-over-year basis. During the same period in the previous year, the company earned $2.50 EPS. Equities research analysts predict that Rockwell Automation, Inc. will post 9.35 EPS for the current fiscal year.

Rockwell Automation Announces Dividend

The business also recently disclosed 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. This represents a $5.24 dividend on an annualized basis and a dividend yield of 1.62%. The ex-dividend date of this dividend is Monday, August 18th. Rockwell Automation's payout ratio is 65.99%.

Analysts Set New Price Targets

Several analysts have issued reports on ROK shares. KeyCorp restated an "overweight" rating and set a $360.00 price objective (up previously from $345.00) on shares of Rockwell Automation in a report on Friday. Oppenheimer boosted their price objective on Rockwell Automation from $258.00 to $304.00 and gave the stock an "outperform" rating in a report on Thursday, May 8th. Citigroup boosted their price objective on Rockwell Automation from $327.00 to $371.00 and gave the stock a "buy" rating in a report on Wednesday, June 4th. JPMorgan Chase & Co. boosted their price objective on Rockwell Automation from $271.00 to $299.00 and gave the stock a "neutral" rating in a report on Friday, May 16th. Finally, BNP Paribas upgraded Rockwell Automation from a "hold" rating to a "strong-buy" rating in a report on Wednesday, April 9th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $317.79.

Insider Activity at Rockwell Automation

In other Rockwell Automation news, SVP Matthew W. Fordenwalt sold 500 shares of Rockwell Automation stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of $295.01, for a total value of $147,505.00. Following the transaction, the senior vice president now directly owns 2,838 shares of the company's stock, valued at $837,238.38. The trade was a 14.98% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Terry L. Riesterer sold 2,500 shares of Rockwell Automation stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $304.13, for a total value of $760,325.00. Following the completion of the transaction, the vice president now directly owns 1,033 shares in the company, valued at approximately $314,166.29. This represents a 70.76% 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 valued at $2,382,987. Corporate insiders own 0.68% of the company's stock.

About Rockwell Automation

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.