1,053 Shares in Rockwell Automation, Inc. (NYSE:ROK) Acquired by MGO One Seven LLC

MGO One Seven LLC purchased a new position in Rockwell Automation, Inc. (NYSE:ROK - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 1,053 shares of the industrial products company's stock, valued at approximately $301,000.

Other institutional investors have also recently added to or reduced their stakes in the company. West Oak Capital LLC lifted its position in Rockwell Automation by 455.6% during the fourth quarter. West Oak Capital LLC now owns 100 shares of the industrial products company's stock worth $29,000 after buying an additional 82 shares during the period. Bank of Jackson Hole Trust acquired a new stake in Rockwell Automation in the 4th quarter valued at $34,000. SBI Securities Co. Ltd. acquired a new stake in shares of Rockwell Automation in the fourth quarter valued at about $35,000. Flagship Wealth Advisors LLC purchased a new stake in shares of Rockwell Automation during the fourth quarter valued at approximately $38,000. Finally, Knuff & Co LLC increased its stake in Rockwell Automation by 41.0% during the 4th quarter. Knuff & Co LLC now owns 141 shares of the industrial products company's stock worth $40,000 after buying an additional 41 shares during the period. Institutional investors and hedge funds own 75.75% of the company's stock.

Analysts Set New Price Targets

ROK has been the topic of a number of recent analyst reports. Citigroup cut their target price on Rockwell Automation from $350.00 to $283.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. BNP Paribas upgraded Rockwell Automation from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, April 9th. Loop Capital raised their price target on shares of Rockwell Automation from $260.00 to $280.00 and gave the company a "hold" rating in a research note on Tuesday, February 25th. Barclays reduced their price objective on shares of Rockwell Automation from $280.00 to $260.00 and set an "equal weight" rating for the company in a report on Thursday, April 10th. Finally, Wells Fargo & Company raised their target price on shares of Rockwell Automation from $315.00 to $337.00 and gave the company an "overweight" rating in a research note on Tuesday, February 11th. Three research analysts have rated the stock with a sell rating, six have given a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and an average target price of $297.11.

Insider Activity at Rockwell Automation

In other Rockwell Automation news, VP Isaac Woods sold 876 shares of the company's stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $284.03, for a total value of $248,810.28. Following the completion of the transaction, the vice president now owns 1,057 shares of the company's stock, valued at $300,219.71. This represents a 45.32 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Tessa M. Myers sold 1,231 shares of Rockwell Automation 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 sale, the senior vice president now directly 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. In the last ninety days, insiders have sold 3,750 shares of company stock valued at $1,075,923. Corporate insiders own 0.68% of the company's stock.

Rockwell Automation Stock Up 1.7 %

NYSE ROK traded up $4.30 during trading on Friday, reaching $253.48. 940,616 shares of the company's stock were exchanged, compared to its average volume of 871,045. The company's fifty day simple moving average is $252.47 and its 200-day simple moving average is $273.59. Rockwell Automation, Inc. has a fifty-two week low of $215.00 and a fifty-two week high of $308.70. The firm has a market capitalization of $28.66 billion, a PE ratio of 31.57, a P/E/G ratio of 3.53 and a beta of 1.32. The company has a current ratio of 1.08, a quick ratio of 0.72 and a debt-to-equity ratio of 0.72.

Rockwell Automation (NYSE:ROK - Get Free Report) last issued its earnings results on Monday, February 10th. The industrial products company reported $1.83 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 year.

Rockwell Automation Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Monday, May 19th will be issued a dividend of $1.31 per share. The ex-dividend date of this dividend is Monday, May 19th. This represents a $5.24 annualized dividend and a yield of 2.07%. Rockwell Automation's dividend payout ratio (DPR) is currently 65.26%.

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.