Valeo Financial Advisors LLC Acquires 792 Shares of Rockwell Automation, Inc. (NYSE:ROK)

Valeo Financial Advisors LLC increased its stake in shares of Rockwell Automation, Inc. (NYSE:ROK - Free Report) by 64.4% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,022 shares of the industrial products company's stock after buying an additional 792 shares during the period. Valeo Financial Advisors LLC's holdings in Rockwell Automation were worth $522,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Brighton Jones LLC purchased a new position in shares of Rockwell Automation during the fourth quarter valued at approximately $281,000. Bank Pictet & Cie Europe AG lifted its stake in shares of 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 during the period. Steward Partners Investment Advisory LLC lifted its stake in shares of Rockwell Automation by 6.4% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,044 shares of the industrial products company's stock valued at $298,000 after buying an additional 63 shares during the period. Atria Investments Inc lifted its stake in shares of Rockwell Automation by 67.8% during the fourth quarter. Atria Investments Inc now owns 2,163 shares of the industrial products company's stock valued at $618,000 after buying an additional 874 shares during the period. Finally, Proficio Capital Partners LLC purchased a new position in shares of Rockwell Automation during the fourth quarter valued at approximately $56,887,000. Hedge funds and other institutional investors own 75.75% of the company's stock.

Rockwell Automation Stock Down 0.5%

Shares of Rockwell Automation stock traded down $1.81 during trading on Friday, reaching $343.14. The company had a trading volume of 516,535 shares, compared to its average volume of 864,992. The company has a market cap of $38.68 billion, a price-to-earnings ratio of 43.22, a price-to-earnings-growth ratio of 3.86 and a beta of 1.38. The firm's fifty day moving average is $317.25 and its 200-day moving average is $285.11. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.72 and a current ratio of 1.05. Rockwell Automation, Inc. has a fifty-two week low of $215.00 and a fifty-two week high of $348.43.

Rockwell Automation (NYSE:ROK - Get Free Report) last released its earnings results on Wednesday, May 7th. The industrial products company reported $2.45 EPS 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 the consensus estimate of $1.97 billion. During the same period in the previous year, the firm earned $2.50 EPS. The business's revenue for the quarter was down 5.9% on a year-over-year basis. On average, analysts anticipate that Rockwell Automation, Inc. will post 9.35 EPS for the current year.

Rockwell Automation Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Monday, August 18th will be issued a dividend of $1.31 per share. The ex-dividend date of this dividend is Monday, August 18th. This represents a $5.24 dividend on an annualized basis and a dividend yield of 1.53%. Rockwell Automation's dividend payout ratio is currently 65.99%.

Analysts Set New Price Targets

Several brokerages recently issued reports on ROK. Bank of America upped their price objective 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. Oppenheimer upped their price target 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. JPMorgan Chase & Co. upped their price target 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. BNP Paribas raised shares of Rockwell Automation from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, April 9th. Finally, Loop Capital upped their price target 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. One analyst has rated the stock with a sell rating, six have given a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $332.00.

Insider Buying and Selling at Rockwell Automation

In other Rockwell Automation news, SVP Tessa M. Myers sold 363 shares of the stock in a transaction that occurred 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 completion of the sale, the senior vice president owned 4,063 shares in the company, valued at $1,325,838.16. This represents a 8.20% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Matheus De A. G. Viera Bulho sold 526 shares of the stock in a transaction that occurred on 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 owned 983 shares of the company's stock, valued at approximately $319,819.05. The trade was a 34.86% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 7,388 shares of company stock valued at $2,307,487 over the last three months. 0.68% of the stock is 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.