Avantax Advisory Services Inc. lifted its holdings in Rockwell Automation, Inc. (NYSE:ROK – Free Report) by 14.4% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,762 shares of the industrial products company’s stock after purchasing an additional 347 shares during the period. Avantax Advisory Services Inc.’s holdings in Rockwell Automation were worth $811,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently made changes to their positions in the business. AdvisorNet Financial Inc grew its holdings in shares of Rockwell Automation by 6.4% in the first quarter. AdvisorNet Financial Inc now owns 966 shares of the industrial products company’s stock valued at $283,000 after purchasing an additional 58 shares in the last quarter. abrdn plc grew its holdings in Rockwell Automation by 9.2% during the 1st quarter. abrdn plc now owns 70,941 shares of the industrial products company’s stock worth $20,818,000 after acquiring an additional 5,977 shares in the last quarter. North Ridge Wealth Advisors Inc. acquired a new position in Rockwell Automation during the 1st quarter worth approximately $414,000. Kohmann Bosshard Financial Services LLC acquired a new position in Rockwell Automation during the 1st quarter worth approximately $214,000. Finally, Simmons Bank acquired a new position in Rockwell Automation during the 1st quarter worth approximately $259,000. Institutional investors and hedge funds own 79.28% of the company’s stock.
Insider Transactions at Rockwell Automation
In related news, VP Isaac Woods sold 150 shares of the stock in a transaction dated Wednesday, June 28th. The shares were sold at an average price of $325.00, for a total value of $48,750.00. Following the sale, the vice president now directly owns 940 shares of the company’s stock, valued at approximately $305,500. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, VP Isaac Woods sold 150 shares of the stock in a transaction dated Wednesday, June 28th. The shares were sold at an average price of $325.00, for a total value of $48,750.00. Following the sale, the vice president now directly owns 940 shares of the company’s stock, valued at approximately $305,500. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP Frank C. Kulaszewicz sold 7,729 shares of the stock in a transaction dated Tuesday, June 13th. The shares were sold at an average price of $310.00, for a total transaction of $2,395,990.00. Following the completion of the sale, the senior vice president now directly owns 13,660 shares in the company, valued at $4,234,600. The disclosure for this sale can be found here. Insiders have sold a total of 15,217 shares of company stock valued at $4,687,705 in the last ninety days. 0.64% of the stock is currently owned by company insiders.
Analyst Ratings Changes
Rockwell Automation Stock Up 0.3 %
Shares of Rockwell Automation stock opened at $338.13 on Tuesday. The company has a market cap of $38.84 billion, a P/E ratio of 29.76, a PEG ratio of 2.48 and a beta of 1.45. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.73 and a current ratio of 1.08. Rockwell Automation, Inc. has a one year low of $209.27 and a one year high of $348.52. The firm has a fifty day moving average of $311.35 and a two-hundred day moving average of $292.92.
Rockwell Automation (NYSE:ROK – Get Free Report) last posted its quarterly earnings results on Thursday, April 27th. The industrial products company reported $3.01 earnings per share for the quarter, topping analysts’ consensus estimates of $2.60 by $0.41. Rockwell Automation had a net margin of 15.82% and a return on equity of 42.15%. The business had revenue of $2.28 billion for the quarter, compared to analysts’ expectations of $2.09 billion. During the same period in the prior year, the company posted $1.66 EPS. The business’s revenue for the quarter was up 25.8% on a year-over-year basis. On average, analysts forecast that Rockwell Automation, Inc. will post 12.01 earnings per share for the current year.
Rockwell Automation Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, September 11th. Stockholders of record on Monday, August 14th will be paid a dividend of $1.18 per share. The ex-dividend date of this dividend is Friday, August 11th. This represents a $4.72 dividend on an annualized basis and a dividend yield of 1.40%. Rockwell Automation’s dividend payout ratio (DPR) is presently 41.55%.
About Rockwell Automation
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.
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