Wealthspire Advisors LLC Has $1.40 Million Position in Rockwell Automation, Inc. (NYSE:ROK)

Wealthspire Advisors LLC grew its stake in shares of Rockwell Automation, Inc. (NYSE:ROK - Free Report) by 96.9% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 5,406 shares of the industrial products company's stock after acquiring an additional 2,660 shares during the quarter. Wealthspire Advisors LLC's holdings in Rockwell Automation were worth $1,397,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Fifth Third Bancorp increased its holdings in Rockwell Automation by 8.5% in the 1st quarter. Fifth Third Bancorp now owns 5,424 shares of the industrial products company's stock valued at $1,401,000 after buying an additional 423 shares during the period. CWM LLC increased its stake in Rockwell Automation by 3.7% in the first quarter. CWM LLC now owns 2,353 shares of the industrial products company's stock valued at $608,000 after acquiring an additional 84 shares during the last quarter. Allspring Global Investments Holdings LLC raised its position in Rockwell Automation by 0.8% during the first quarter. Allspring Global Investments Holdings LLC now owns 5,652 shares of the industrial products company's stock valued at $1,462,000 after purchasing an additional 43 shares in the last quarter. Brighton Jones LLC bought a new stake in Rockwell Automation during the fourth quarter worth $281,000. Finally, J.W. Cole Advisors Inc. boosted its holdings in shares of Rockwell Automation by 128.7% in the 1st quarter. J.W. Cole Advisors Inc. now owns 4,382 shares of the industrial products company's stock valued at $1,132,000 after purchasing an additional 2,466 shares in the last quarter. 75.75% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Rockwell Automation

In related news, VP Terry L. Riesterer sold 269 shares of the business's stock in a transaction on Thursday, July 17th. The shares were sold at an average price of $355.26, for a total transaction of $95,564.94. Following the transaction, the vice president owned 1,613 shares in the company, valued at $573,034.38. The trade was a 14.29% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Tessa M. Myers sold 363 shares of the firm's stock in a transaction on Monday, June 9th. The stock was sold at an average price of $326.32, for a total transaction of $118,454.16. Following the completion of the sale, the senior vice president owned 4,063 shares of the company's stock, valued at $1,325,838.16. The trade was a 8.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 9,257 shares of company stock worth $2,990,715 over the last quarter. 0.68% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on ROK. Oppenheimer dropped their price objective on Rockwell Automation from $371.00 to $363.00 and set an "outperform" rating for the company in a research report on Thursday. Citigroup reissued a "buy" rating and issued a $392.00 target price (up previously from $371.00) on shares of Rockwell Automation in a report on Monday, July 14th. Wells Fargo & Company set a $345.00 price target on shares of Rockwell Automation and gave the company an "equal weight" rating in a report on Friday. KeyCorp reissued an "overweight" rating and issued a $380.00 price objective (up previously from $370.00) on shares of Rockwell Automation in a research note on Thursday. Finally, Bank of America raised shares of Rockwell Automation from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $360.00 to $410.00 in a research note on Wednesday, July 16th. One analyst has rated the stock with a sell rating, six have issued a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $339.47.

Rockwell Automation Trading Up 0.3%

NYSE:ROK traded up $1.08 on Friday, reaching $333.67. 874,648 shares of the stock traded hands, compared to its average volume of 1,011,259. The company has a current ratio of 1.06, a quick ratio of 0.72 and a debt-to-equity ratio of 0.72. Rockwell Automation, Inc. has a 1-year low of $215.00 and a 1-year high of $360.92. The company's 50 day moving average is $336.92 and its 200-day moving average is $294.22. The firm has a market capitalization of $37.51 billion, a price-to-earnings ratio of 39.16, a price-to-earnings-growth ratio of 3.38 and a beta of 1.39.

Rockwell Automation (NYSE:ROK - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The industrial products company reported $2.82 earnings per share for the quarter, topping the consensus estimate of $2.67 by $0.15. The company had revenue of $2.14 billion during the quarter, compared to analysts' expectations of $2.07 billion. Rockwell Automation had a net margin of 12.03% and a return on equity of 30.14%. Rockwell Automation's revenue for the quarter was up 4.5% compared to the same quarter last year. During the same period in the prior year, the company posted $2.71 earnings per share. Equities research 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 given a dividend of $1.31 per share. The ex-dividend date is Monday, August 18th. This represents a $5.24 annualized dividend and a dividend yield of 1.6%. Rockwell Automation's dividend payout ratio is presently 65.99%.

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.