575 Shares in Rockwell Automation, Inc. (NYSE:ROK) Purchased by Romano Brothers AND Company

Posted by Defense World Staff on Mar 26th, 2023

Romano Brothers AND Company bought a new position in shares of Rockwell Automation, Inc. (NYSE:ROK – Get Rating) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 575 shares of the industrial products company’s stock, valued at approximately $148,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. raised its holdings in Rockwell Automation by 0.3% during the third quarter. Vanguard Group Inc. now owns 13,495,152 shares of the industrial products company’s stock worth $2,902,943,000 after acquiring an additional 40,192 shares in the last quarter. Amundi raised its holdings in Rockwell Automation by 70.1% during the second quarter. Amundi now owns 1,941,741 shares of the industrial products company’s stock worth $387,703,000 after acquiring an additional 800,290 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake in Rockwell Automation by 104.1% in the third quarter. Price T Rowe Associates Inc. MD now owns 1,498,756 shares of the industrial products company’s stock valued at $322,398,000 after buying an additional 764,385 shares during the period. Goldman Sachs Group Inc. raised its stake in Rockwell Automation by 2.5% in the second quarter. Goldman Sachs Group Inc. now owns 1,082,189 shares of the industrial products company’s stock valued at $215,691,000 after buying an additional 26,780 shares during the period. Finally, Champlain Investment Partners LLC raised its stake in Rockwell Automation by 22.5% in the second quarter. Champlain Investment Partners LLC now owns 1,062,025 shares of the industrial products company’s stock valued at $211,672,000 after buying an additional 195,200 shares during the period. Institutional investors own 77.66% of the company’s stock.

Insider Buying and Selling at Rockwell Automation

In other Rockwell Automation news, SVP Tessa M. Myers sold 4,534 shares of the firm’s stock in a transaction on Thursday, February 2nd. The stock was sold at an average price of $290.49, for a total value of $1,317,081.66. Following the sale, the senior vice president now owns 1,206 shares of the company’s stock, valued at approximately $350,330.94. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other Rockwell Automation news, SVP Tessa M. Myers sold 4,534 shares of the firm’s stock in a transaction on Thursday, February 2nd. The stock was sold at an average price of $290.49, for a total value of $1,317,081.66. Following the sale, the senior vice president now owns 1,206 shares of the company’s stock, valued at approximately $350,330.94. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Rebecca W. House sold 3,178 shares of the stock in a transaction on Thursday, February 9th. The shares were sold at an average price of $287.80, for a total value of $914,628.40. Following the completion of the transaction, the senior vice president now owns 6,989 shares of the company’s stock, valued at $2,011,434.20. The disclosure for this sale can be found here. In the last quarter, insiders have sold 10,730 shares of company stock valued at $3,112,032. 0.64% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research firms have issued reports on ROK. Citigroup upped their price objective on Rockwell Automation from $297.00 to $320.00 and gave the company a “buy” rating in a research note on Friday, January 27th. Oppenheimer upped their price objective on Rockwell Automation from $278.00 to $290.00 and gave the company an “outperform” rating in a research note on Tuesday, January 24th. Wells Fargo & Company upped their price objective on Rockwell Automation from $233.00 to $249.00 and gave the company an “underweight” rating in a research note on Thursday, January 19th. Mizuho upped their price objective on Rockwell Automation from $250.00 to $260.00 and gave the company a “neutral” rating in a research note on Friday, January 27th. Finally, Loop Capital increased their target price on Rockwell Automation from $258.00 to $285.00 in a research note on Tuesday, January 31st. Four analysts have rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, Rockwell Automation presently has an average rating of “Hold” and an average target price of $263.24.

Rockwell Automation Trading Down 0.3 %

Shares of NYSE:ROK opened at $277.60 on Friday. The company has a market capitalization of $31.86 billion, a P/E ratio of 30.08, a P/E/G ratio of 2.56 and a beta of 1.44. Rockwell Automation, Inc. has a 1 year low of $190.08 and a 1 year high of $309.36. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.03 and a quick ratio of 0.69. The business’s 50 day simple moving average is $287.13 and its 200 day simple moving average is $262.94.

Rockwell Automation (NYSE:ROK – Get Rating) last issued its quarterly earnings results on Thursday, January 26th. The industrial products company reported $2.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.81 by $0.65. The business had revenue of $1.98 billion for the quarter, compared to the consensus estimate of $1.93 billion. Rockwell Automation had a return on equity of 38.70% and a net margin of 13.63%. The firm’s quarterly revenue was up 6.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.14 earnings per share. On average, research analysts anticipate that Rockwell Automation, Inc. will post 11.21 EPS for the current fiscal year.

Rockwell Automation Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 10th. Shareholders of record on Tuesday, February 21st were issued a $1.18 dividend. This represents a $4.72 dividend on an annualized basis and a dividend yield of 1.70%. The ex-dividend date of this dividend was Friday, February 17th. Rockwell Automation’s dividend payout ratio is presently 51.14%.

Rockwell Automation Company Profile

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Rockwell Automation, Inc engages in the provision of industrial automation and information services. It operates through the following segments: Intelligent Devices, Software and Control, and Lifecycle Services. The Intelligent Devices segment combines a comprehensive portfolio of smart products that create the foundation of an agile, resilient, and sustainable production system.