Cwm LLC Raises Position in Rockwell Automation, Inc. (NYSE:ROK)

Posted by on Apr 22nd, 2023

Cwm LLC raised its stake in Rockwell Automation, Inc. (NYSE:ROK – Get Rating) by 7.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,815 shares of the industrial products company’s stock after purchasing an additional 193 shares during the quarter. Cwm LLC’s holdings in Rockwell Automation were worth $725,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Bailard Inc. grew its holdings in shares of Rockwell Automation by 49.0% in the third quarter. Bailard Inc. now owns 1,709 shares of the industrial products company’s stock valued at $368,000 after acquiring an additional 562 shares in the last quarter. Macquarie Group Ltd. grew its holdings in shares of Rockwell Automation by 12.1% in the third quarter. Macquarie Group Ltd. now owns 12,711 shares of the industrial products company’s stock valued at $2,734,000 after acquiring an additional 1,367 shares in the last quarter. Ameritas Advisory Services LLC grew its holdings in shares of Rockwell Automation by 2.5% in the third quarter. Ameritas Advisory Services LLC now owns 4,544 shares of the industrial products company’s stock valued at $977,000 after acquiring an additional 111 shares in the last quarter. California Public Employees Retirement System grew its holdings in shares of Rockwell Automation by 15.5% in the third quarter. California Public Employees Retirement System now owns 261,836 shares of the industrial products company’s stock valued at $56,324,000 after acquiring an additional 35,222 shares in the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp grew its holdings in shares of Rockwell Automation by 1.8% in the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 70,778 shares of the industrial products company’s stock valued at $15,225,000 after acquiring an additional 1,284 shares in the last quarter. 77.66% of the stock is owned by institutional investors.

Rockwell Automation Stock Up 0.6 %

ROK opened at $275.45 on Friday. The company has a market cap of $31.62 billion, a P/E ratio of 29.84, a P/E/G ratio of 2.52 and a beta of 1.43. The business’s 50-day moving average price is $286.16 and its 200-day moving average price is $268.69. The company has a current ratio of 1.03, a quick ratio of 0.69 and a debt-to-equity ratio of 0.90. Rockwell Automation, Inc. has a 12 month low of $190.08 and a 12 month high of $309.36.

Rockwell Automation (NYSE:ROK – Get Rating) last released its quarterly earnings data on Thursday, January 26th. The industrial products company reported $2.46 EPS for the quarter, topping the consensus estimate of $1.81 by $0.65. The firm 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 company’s quarterly revenue was up 6.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.14 earnings per share. On average, equities analysts expect that Rockwell Automation, Inc. will post 11.21 EPS for the current year.

Rockwell Automation Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 12th. Investors of record on Monday, May 15th will be paid a $1.18 dividend. The ex-dividend date is Friday, May 12th. This represents a $4.72 annualized dividend and a dividend yield of 1.71%. Rockwell Automation’s payout ratio is presently 51.14%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on ROK shares. The Goldman Sachs Group upped their target price on Rockwell Automation from $238.00 to $272.00 and gave the company a “sell” rating in a report on Friday, January 27th. StockNews.com started coverage on Rockwell Automation in a report on Thursday, March 16th. They set a “buy” rating for the company. Oppenheimer increased their price objective on Rockwell Automation from $278.00 to $290.00 and gave the company an “outperform” rating in a report on Tuesday, January 24th. Deutsche Bank Aktiengesellschaft increased their price objective on Rockwell Automation from $272.00 to $273.00 and gave the company a “hold” rating in a report on Wednesday, April 12th. Finally, Loop Capital raised their price target on Rockwell Automation from $258.00 to $285.00 in a report on Tuesday, January 31st. Four research analysts have rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $264.59.

Insider Buying and Selling

In related news, CFO Nicholas C. Gangestad sold 1,975 shares of the firm’s stock in a transaction dated Thursday, March 2nd. The stock was sold at an average price of $294.25, for a total value of $581,143.75. Following the sale, the chief financial officer now directly owns 7,757 shares of the company’s stock, valued at $2,282,497.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Rockwell Automation news, VP Isaac Woods sold 100 shares of Rockwell Automation stock in a transaction that occurred on Monday, February 27th. The stock was sold at an average price of $294.33, for a total transaction of $29,433.00. Following the sale, the vice president now directly owns 452 shares of the company’s stock, valued at approximately $133,037.16. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Nicholas C. Gangestad sold 1,975 shares of Rockwell Automation stock in a transaction that occurred on Thursday, March 2nd. The shares were sold at an average price of $294.25, for a total value of $581,143.75. Following the sale, the chief financial officer now directly owns 7,757 shares in the company, valued at $2,282,497.25. The disclosure for this sale can be found here. Insiders have sold 10,730 shares of company stock valued at $3,112,032 over the last ninety days. 0.64% of the stock is owned by insiders.

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 portfolio of smart products that create the foundation of an agile, resilient, and sustainable production system.

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Institutional Ownership by Quarter for Rockwell Automation (NYSE:ROK)

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