1,889 Shares in Rockwell Automation, Inc. (NYSE:ROK) Acquired by Marshall & Sterling Wealth Advisors Inc.

Marshall & Sterling Wealth Advisors Inc. bought a new stake in Rockwell Automation, Inc. (NYSE:ROK - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 1,889 shares of the industrial products company's stock, valued at approximately $540,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in ROK. Meiji Yasuda Asset Management Co Ltd. grew its holdings in shares of Rockwell Automation by 0.9% during the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 3,775 shares of the industrial products company's stock valued at $1,079,000 after purchasing an additional 33 shares during the last quarter. Whittier Trust Co. grew its holdings in shares of Rockwell Automation by 1.9% during the 4th quarter. Whittier Trust Co. now owns 1,896 shares of the industrial products company's stock valued at $542,000 after purchasing an additional 35 shares during the last quarter. Bank Pictet & Cie Europe AG grew its holdings in shares of Rockwell Automation by 0.9% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 4,195 shares of the industrial products company's stock valued at $1,199,000 after purchasing an additional 38 shares during the last quarter. Lake Street Advisors Group LLC grew its holdings in Rockwell Automation by 3.0% during the 4th quarter. Lake Street Advisors Group LLC now owns 1,351 shares of the industrial products company's stock worth $386,000 after acquiring an additional 39 shares during the last quarter. Finally, Fortitude Advisory Group L.L.C. increased its position in Rockwell Automation by 3.8% in the 4th quarter. Fortitude Advisory Group L.L.C. now owns 1,082 shares of the industrial products company's stock valued at $309,000 after acquiring an additional 40 shares during the period. 75.75% of the stock is currently owned by institutional investors and hedge funds.

Rockwell Automation Stock Up 0.7 %

Shares of ROK traded up $1.83 during trading hours on Thursday, hitting $249.51. The stock had a trading volume of 781,361 shares, compared to its average volume of 871,066. The firm has a market capitalization of $28.21 billion, a P/E ratio of 31.07, a price-to-earnings-growth ratio of 3.53 and a beta of 1.39. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.08 and a quick ratio of 0.72. Rockwell Automation, Inc. has a 1-year low of $215.00 and a 1-year high of $308.70. The firm has a 50 day simple moving average of $254.03 and a 200-day simple moving average of $273.90.

Rockwell Automation (NYSE:ROK - Get Free Report) last released its quarterly earnings results on Monday, February 10th. The industrial products company reported $1.83 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.61 by $0.22. Rockwell Automation had a return on equity of 30.17% and a net margin of 11.38%. Sell-side analysts predict that Rockwell Automation, Inc. will post 9.35 EPS for the current fiscal year.

Rockwell Automation Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Monday, May 19th will be paid a dividend of $1.31 per share. The ex-dividend date of this dividend is Monday, May 19th. This represents a $5.24 dividend on an annualized basis and a yield of 2.10%. Rockwell Automation's dividend payout ratio (DPR) is currently 65.26%.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. Wells Fargo & Company upped their price target on shares of Rockwell Automation from $315.00 to $337.00 and gave the company an "overweight" rating in a research report on Tuesday, February 11th. Citigroup decreased their price target on shares of Rockwell Automation from $350.00 to $283.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Robert W. Baird upped their price target on shares of Rockwell Automation from $305.00 to $315.00 and gave the company an "outperform" rating in a research report on Tuesday, February 11th. Loop Capital upped their price target on shares of Rockwell Automation from $260.00 to $280.00 and gave the company a "hold" rating in a research report on Tuesday, February 25th. Finally, BNP Paribas upgraded shares of Rockwell Automation from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, April 9th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, Rockwell Automation currently has an average rating of "Hold" and an average target price of $297.11.

Insider Transactions at Rockwell Automation

In other news, SVP Matheus De A. G. Viera Bulho sold 293 shares of the business'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 value of $75,500.24. Following the transaction, the senior vice president now owns 1,922 shares in the company, valued at $495,260.96. The trade was a 13.23 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Tessa M. Myers sold 1,231 shares of the business's stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $285.43, for a total value of $351,364.33. Following the completion of the transaction, the senior vice president now owns 3,650 shares in the company, valued at $1,041,819.50. The trade was a 25.22 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 3,750 shares of company stock worth $1,075,923 in the last 90 days. Insiders own 0.68% of the company's stock.

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.