Wealth Enhancement Advisory Services LLC Has $9.18 Million Stock Holdings in Rockwell Automation, Inc. (NYSE:ROK)

Wealth Enhancement Advisory Services LLC increased its position in shares of Rockwell Automation, Inc. (NYSE:ROK - Free Report) by 77.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 35,517 shares of the industrial products company's stock after acquiring an additional 15,470 shares during the quarter. Wealth Enhancement Advisory Services LLC's holdings in Rockwell Automation were worth $9,177,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. SBI Securities Co. Ltd. bought a new stake in shares of Rockwell Automation in the 4th quarter valued at $35,000. Parvin Asset Management LLC acquired a new position in Rockwell Automation in the fourth quarter valued at about $36,000. Flagship Wealth Advisors LLC bought a new stake in shares of Rockwell Automation in the fourth quarter worth about $38,000. Knuff & Co LLC raised its position in shares of Rockwell Automation by 41.0% during the fourth quarter. Knuff & Co LLC now owns 141 shares of the industrial products company's stock worth $40,000 after purchasing an additional 41 shares during the period. Finally, Accredited Wealth Management LLC bought a new position in shares of Rockwell Automation during the 4th quarter valued at about $47,000. Institutional investors and hedge funds own 75.75% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. JPMorgan Chase & Co. increased their target price on Rockwell Automation from $271.00 to $299.00 and gave the stock a "neutral" rating in a research note on Friday, May 16th. TD Cowen upgraded shares of Rockwell Automation from a "sell" rating to a "hold" rating and set a $275.00 price target for the company in a report on Friday, May 9th. KeyCorp restated an "overweight" rating and set a $360.00 price objective (up from $345.00) on shares of Rockwell Automation in a report on Friday, June 13th. Wells Fargo & Company boosted their price objective on shares of Rockwell Automation from $265.00 to $315.00 and gave the company an "overweight" rating in a research report on Thursday, May 8th. Finally, Barclays raised shares of Rockwell Automation from an "equal weight" rating to an "overweight" rating and upped their target price for the stock from $283.00 to $350.00 in a research note on Friday, May 30th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $317.79.

Insider Buying and Selling at Rockwell Automation

In related news, VP Terry L. Riesterer sold 2,500 shares of Rockwell Automation stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $304.13, for a total transaction of $760,325.00. Following the completion of the sale, the vice president now owns 1,033 shares of the company's stock, valued at approximately $314,166.29. The trade was a 70.76% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Matheus De A. G. Viera Bulho sold 293 shares of the firm's stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $257.68, for a total transaction of $75,500.24. Following the sale, the senior vice president now owns 1,922 shares of the company's stock, valued at $495,260.96. This trade represents a 13.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 7,681 shares of company stock worth $2,382,987 over the last 90 days. Company insiders own 0.68% of the company's stock.

Rockwell Automation Trading Up 0.8%

Shares of Rockwell Automation stock opened at $323.85 on Tuesday. Rockwell Automation, Inc. has a 12-month low of $215.00 and a 12-month high of $328.90. 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 business's 50 day moving average is $290.22 and its 200-day moving average is $280.80. The stock has a market cap of $36.50 billion, a P/E ratio of 40.79, a P/E/G ratio of 3.73 and a beta of 1.38.

Rockwell Automation (NYSE:ROK - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The industrial products company reported $2.45 EPS for the quarter, beating 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 firm had revenue of $2 billion during the quarter, compared to analysts' expectations of $1.97 billion. During the same quarter last year, the company posted $2.50 earnings per share. The company's revenue for the quarter was down 5.9% compared to the same quarter last year. Equities research analysts predict that Rockwell Automation, Inc. will post 9.35 earnings per share for the current fiscal year.

Rockwell Automation Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Monday, August 18th will be given a dividend of $1.31 per share. This represents a $5.24 dividend on an annualized basis and a yield of 1.62%. The ex-dividend date of this dividend is Monday, August 18th. Rockwell Automation's dividend payout ratio (DPR) is presently 65.99%.

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.

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