Venture Visionary Partners LLC Has $6.10 Million Position in Rockwell Automation, Inc. $ROK

Key Points

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Venture Visionary Partners LLC grew its stake in Rockwell Automation, Inc. (NYSE:ROK - Free Report) by 5.8% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 23,604 shares of the industrial products company's stock after purchasing an additional 1,293 shares during the period. Venture Visionary Partners LLC's holdings in Rockwell Automation were worth $6,099,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Banco Bilbao Vizcaya Argentaria S.A. boosted its position in Rockwell Automation by 3.2% in the first quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 2,695 shares of the industrial products company's stock valued at $696,000 after buying an additional 83 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S boosted its position in Rockwell Automation by 15.7% in the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 4,142 shares of the industrial products company's stock valued at $1,070,000 after buying an additional 562 shares in the last quarter. Hsbc Holdings PLC boosted its position in Rockwell Automation by 9.8% in the first quarter. Hsbc Holdings PLC now owns 218,560 shares of the industrial products company's stock valued at $56,211,000 after buying an additional 19,469 shares in the last quarter. Aptus Capital Advisors LLC boosted its position in Rockwell Automation by 33.5% in the first quarter. Aptus Capital Advisors LLC now owns 2,922 shares of the industrial products company's stock valued at $755,000 after buying an additional 734 shares in the last quarter. Finally, Northern Trust Corp boosted its position in Rockwell Automation by 0.4% in the first quarter. Northern Trust Corp now owns 1,396,303 shares of the industrial products company's stock valued at $360,777,000 after buying an additional 4,972 shares in the last quarter. 75.75% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Rockwell Automation

In other news, SVP Matthew W. Fordenwalt sold 500 shares of the stock in a transaction dated Wednesday, June 4th. The shares were sold at an average price of $320.02, for a total value of $160,010.00. Following the transaction, the senior vice president directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Terry L. Riesterer sold 2,100 shares of the firm's stock in a transaction dated Tuesday, July 15th. The stock was sold at an average price of $350.08, for a total transaction of $735,168.00. Following the transaction, the vice president directly owned 1,033 shares in the company, valued at approximately $361,632.64. This represents a 67.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 5,818 shares of company stock valued at $1,944,708 in the last three months. 0.68% of the stock is currently owned by insiders.

Rockwell Automation Trading Down 0.1%

NYSE:ROK traded down $0.3610 during trading hours on Thursday, hitting $339.2590. The stock had a trading volume of 531,289 shares, compared to its average volume of 1,085,528. Rockwell Automation, Inc. has a one year low of $215.00 and a one year high of $360.92. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.72 and a current ratio of 1.06. The company has a market cap of $38.14 billion, a price-to-earnings ratio of 39.82, a P/E/G ratio of 3.49 and a beta of 1.39. The business's 50 day moving average is $340.45 and its 200-day moving average is $297.89.

Rockwell Automation (NYSE:ROK - Get Free Report) last issued its earnings results on Wednesday, August 6th. The industrial products company reported $2.82 EPS for the quarter, beating the consensus estimate of $2.67 by $0.15. The firm had revenue of $2.14 billion during the quarter, compared to the consensus estimate of $2.07 billion. Rockwell Automation had a net margin of 12.03% and a return on equity of 30.14%. The business's quarterly revenue was up 4.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.71 earnings per share. Sell-side analysts anticipate that Rockwell Automation, Inc. will post 9.35 EPS for the current fiscal year.

Rockwell Automation Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Monday, August 18th will be issued a dividend of $1.31 per share. The ex-dividend date is Monday, August 18th. This represents a $5.24 annualized dividend and a yield of 1.5%. Rockwell Automation's dividend payout ratio is presently 61.50%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on ROK shares. Wells Fargo & Company set a $345.00 target price on shares of Rockwell Automation and gave the stock an "equal weight" rating in a research note on Friday, August 8th. Citigroup reaffirmed a "buy" rating and issued a $392.00 target price (up from $371.00) on shares of Rockwell Automation in a research note on Monday, July 14th. KeyCorp boosted their target price on shares of Rockwell Automation from $370.00 to $380.00 and gave the stock an "overweight" rating in a research note on Thursday, August 7th. Oppenheimer dropped their target price on shares of Rockwell Automation from $371.00 to $363.00 and set an "outperform" rating for the company in a research note on Thursday, August 7th. Finally, CICC Research started coverage on shares of Rockwell Automation in a research note on Monday, July 7th. They issued an "outperform" rating and a $381.00 target price for the company. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $340.16.

Rockwell Automation Company 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.