Focus Partners Wealth Has $3.34 Million Holdings in Rockwell Automation, Inc. (NYSE:ROK)

Focus Partners Wealth decreased its position in Rockwell Automation, Inc. (NYSE:ROK - Free Report) by 7.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 11,084 shares of the industrial products company's stock after selling 858 shares during the period. Focus Partners Wealth's holdings in Rockwell Automation were worth $3,337,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. Bank of Jackson Hole Trust bought a new stake in Rockwell Automation during the 4th quarter worth approximately $34,000. SBI Securities Co. Ltd. bought a new stake in Rockwell Automation during the 4th quarter worth approximately $35,000. Parvin Asset Management LLC bought a new stake in Rockwell Automation during the 4th quarter worth approximately $36,000. Flagship Wealth Advisors LLC bought a new stake in Rockwell Automation during the 4th quarter worth approximately $38,000. Finally, Knuff & Co LLC grew its position 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 acquiring an additional 41 shares during the last quarter. Institutional investors and hedge funds own 75.75% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on ROK. Oppenheimer increased their price target on Rockwell Automation from $258.00 to $304.00 and gave the stock an "outperform" rating in a research report on Thursday, May 8th. TD Cowen upgraded Rockwell Automation from a "sell" rating to a "hold" rating and set a $275.00 price objective on the stock in a research report on Friday, May 9th. Loop Capital increased their price objective on Rockwell Automation from $280.00 to $290.00 and gave the company a "hold" rating in a research report on Thursday. Robert W. Baird increased their price objective on Rockwell Automation from $305.00 to $315.00 and gave the company an "outperform" rating in a research report on Tuesday, February 11th. Finally, KeyCorp increased their price objective on Rockwell Automation from $275.00 to $330.00 and gave the company an "overweight" rating in a research report on Thursday, May 8th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $310.37.

Rockwell Automation Trading Down 0.3%

Shares of ROK traded down $0.92 during trading hours on Monday, reaching $308.13. The stock had a trading volume of 789,587 shares, compared to its average volume of 875,285. The company has a quick ratio of 0.72, a current ratio of 1.08 and a debt-to-equity ratio of 0.72. Rockwell Automation, Inc. has a 52 week low of $215.00 and a 52 week high of $310.78. The firm has a 50-day moving average of $255.37 and a 200 day moving average of $275.13. The company has a market cap of $34.73 billion, a P/E ratio of 38.37, a P/E/G ratio of 3.53 and a beta of 1.32.

Rockwell Automation (NYSE:ROK - Get Free Report) last released its earnings results on Wednesday, May 7th. The industrial products company reported $2.45 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.09 by $0.36. The firm had revenue of $2 billion during the quarter, compared to analysts' expectations of $1.97 billion. Rockwell Automation had a return on equity of 30.17% and a net margin of 11.38%. The company's revenue was down 5.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.50 EPS. On average, sell-side analysts expect that Rockwell Automation, Inc. will post 9.35 earnings per share for the current fiscal year.

Rockwell Automation Dividend Announcement

The company 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. This represents a $5.24 dividend on an annualized basis and a yield of 1.70%. The ex-dividend date is Monday, May 19th. Rockwell Automation's dividend payout ratio (DPR) is presently 65.99%.

Insiders Place Their Bets

In related news, SVP Matheus De A. G. Viera Bulho sold 939 shares of the firm's stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $304.24, for a total value of $285,681.36. Following the completion of the sale, the senior vice president now directly owns 983 shares in the company, valued at approximately $299,067.92. This trade represents a 48.86% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Terry L. Riesterer sold 2,500 shares of the firm's stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $304.13, for a total transaction of $760,325.00. Following the sale, the vice president now owns 1,033 shares of the company's stock, valued at $314,166.29. This trade represents a 70.76% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 6,839 shares of company stock worth $2,014,256. Corporate insiders own 0.68% of the company's stock.

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.