GHP Investment Advisors Inc. raised its stake in shares of Rockwell Automation (NYSE:ROK) by 9.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,526 shares of the industrial products company’s stock after purchasing an additional 631 shares during the quarter. GHP Investment Advisors Inc.’s holdings in Rockwell Automation were worth $1,478,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Cerebellum GP LLC purchased a new stake in shares of Rockwell Automation in the 4th quarter valued at $130,000. Valeo Financial Advisors LLC purchased a new stake in shares of Rockwell Automation in the 3rd quarter valued at $131,000. Aries Wealth Management purchased a new stake in shares of Rockwell Automation in the 4th quarter valued at $209,000. Gofen & Glossberg LLC IL purchased a new stake in shares of Rockwell Automation in the 4th quarter valued at $202,000. Finally, Cpwm LLC purchased a new stake in shares of Rockwell Automation in the 4th quarter valued at $204,000. Institutional investors and hedge funds own 73.24% of the company’s stock.

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Shares of Rockwell Automation (NYSE:ROK) opened at $185.42 on Wednesday. Rockwell Automation has a twelve month low of $148.31 and a twelve month high of $210.72. The stock has a market cap of $24,010.61, a price-to-earnings ratio of 27.00, a P/E/G ratio of 2.12 and a beta of 1.21. The company has a current ratio of 1.98, a quick ratio of 1.73 and a debt-to-equity ratio of 0.57.

Rockwell Automation (NYSE:ROK) last announced its quarterly earnings results on Wednesday, January 24th. The industrial products company reported $1.96 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.74 by $0.22. Rockwell Automation had a net margin of 5.85% and a return on equity of 39.45%. The firm had revenue of $1.59 billion for the quarter, compared to the consensus estimate of $1.60 billion. During the same period in the prior year, the firm posted $1.75 earnings per share. The firm’s quarterly revenue was up 6.5% compared to the same quarter last year. analysts anticipate that Rockwell Automation will post 7.79 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Monday, March 12th. Investors of record on Tuesday, February 20th were issued a dividend of $0.835 per share. This represents a $3.34 dividend on an annualized basis and a yield of 1.80%. The ex-dividend date of this dividend was Friday, February 16th. Rockwell Automation’s dividend payout ratio (DPR) is presently 117.19%.

Rockwell Automation declared that its board has authorized a share buyback program on Wednesday, January 24th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the industrial products company to purchase shares of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board believes its stock is undervalued.

Several analysts have recently commented on the stock. ValuEngine raised shares of Rockwell Automation from a “hold” rating to a “buy” rating in a report on Saturday. Barclays assumed coverage on shares of Rockwell Automation in a report on Thursday, February 15th. They issued an “equal weight” rating and a $200.00 price objective on the stock. Zacks Investment Research raised shares of Rockwell Automation from a “hold” rating to a “buy” rating and set a $224.00 price objective on the stock in a report on Monday, January 29th. JPMorgan Chase & Co. upped their price objective on shares of Rockwell Automation from $182.00 to $190.00 and gave the company a “neutral” rating in a report on Thursday, January 25th. Finally, Morgan Stanley upped their price objective on shares of Rockwell Automation from $194.00 to $206.00 and gave the company an “equal weight” rating in a report on Thursday, January 25th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and four have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $190.00.

In related news, insider John P. Mcdermott sold 2,050 shares of the stock in a transaction on Monday, February 26th. The shares were sold at an average price of $187.90, for a total transaction of $385,195.00. Following the sale, the insider now directly owns 40,353 shares of the company’s stock, valued at $7,582,328.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP David M. Dorgan sold 10,400 shares of the stock in a transaction on Friday, January 26th. The stock was sold at an average price of $202.41, for a total transaction of $2,105,064.00. Following the sale, the vice president now directly owns 12,853 shares in the company, valued at $2,601,575.73. The disclosure for this sale can be found here. Insiders have sold 123,627 shares of company stock worth $23,604,488 over the last three months. 1.28% of the stock is currently owned by insiders.

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About Rockwell Automation

Rockwell Automation, Inc (Rockwell Automation) is a provider of industrial automation power, control and information solutions for manufacturers. The Company operates through two segments: Architecture & Software and Control Products & Solutions. The Architecture & Software segment contains various hardware, software and communication components of the Company’s integrated control and information architecture capable of controlling the customer’s industrial processes and connecting with their manufacturing enterprise.

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

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