Oppenheimer & Co. Inc. raised its position in Rockwell Automation (NYSE:ROK) by 9.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,037 shares of the industrial products company’s stock after buying an additional 168 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Rockwell Automation were worth $307,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. SRS Capital Advisors Inc. grew its holdings in Rockwell Automation by 3,577.8% in the 3rd quarter. SRS Capital Advisors Inc. now owns 662 shares of the industrial products company’s stock valued at $124,000 after buying an additional 644 shares in the last quarter. Ropes Wealth Advisors LLC grew its holdings in Rockwell Automation by 200.0% in the 3rd quarter. Ropes Wealth Advisors LLC now owns 750 shares of the industrial products company’s stock valued at $141,000 after buying an additional 500 shares in the last quarter. Belpointe Asset Management LLC acquired a new position in Rockwell Automation in the 3rd quarter valued at $149,000. Everett Harris & Co. CA acquired a new position in Rockwell Automation in the 3rd quarter valued at $206,000. Finally, First Citizens Bank & Trust Co. acquired a new position in Rockwell Automation in the 3rd quarter valued at $207,000. 80.07% of the stock is currently owned by hedge funds and other institutional investors.

NYSE:ROK opened at $169.70 on Tuesday. The firm has a market cap of $20.26 billion, a PE ratio of 20.92, a P/E/G ratio of 2.11 and a beta of 1.36. The company has a quick ratio of 0.93, a current ratio of 1.21 and a debt-to-equity ratio of 0.97. Rockwell Automation has a fifty-two week low of $141.46 and a fifty-two week high of $198.23.

Rockwell Automation (NYSE:ROK) last released its earnings results on Tuesday, January 29th. The industrial products company reported $2.21 earnings per share for the quarter, beating analysts’ consensus estimates of $1.99 by $0.22. The firm had revenue of $1.64 billion during the quarter, compared to the consensus estimate of $1.63 billion. Rockwell Automation had a return on equity of 66.47% and a net margin of 12.68%. The company’s revenue was up 3.5% compared to the same quarter last year. During the same period in the prior year, the company posted $1.96 EPS. On average, research analysts expect that Rockwell Automation will post 9.04 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 11th. Investors of record on Tuesday, February 19th will be given a dividend of $0.97 per share. The ex-dividend date of this dividend is Friday, February 15th. This represents a $3.88 annualized dividend and a dividend yield of 2.29%. Rockwell Automation’s dividend payout ratio is currently 47.84%.

In related news, CFO Patrick P. Goris sold 577 shares of the company’s stock in a transaction on Tuesday, December 4th. The stock was sold at an average price of $175.83, for a total transaction of $101,453.91. Following the completion of the sale, the chief financial officer now directly owns 8,326 shares in the company, valued at approximately $1,463,960.58. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Patrick P. Goris sold 177 shares of the company’s stock in a transaction on Friday, December 7th. The stock was sold at an average price of $167.71, for a total value of $29,684.67. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 34,724 shares of company stock valued at $6,100,662. 1.43% of the stock is owned by corporate insiders.

A number of brokerages have commented on ROK. Wells Fargo & Co decreased their price objective on Rockwell Automation from $210.00 to $205.00 and set an “outperform” rating on the stock in a report on Thursday, November 8th. Credit Suisse Group upped their target price on Rockwell Automation from $171.00 to $173.00 and gave the company an “underperform” rating in a research report on Thursday, November 8th. Citigroup set a $185.00 target price on Rockwell Automation and gave the company a “hold” rating in a research report on Thursday, November 8th. Zacks Investment Research downgraded Rockwell Automation from a “buy” rating to a “hold” rating in a research report on Friday, November 30th. Finally, Cowen downgraded Rockwell Automation from a “market perform” rating to an “underperform” rating and cut their target price for the company from $175.00 to $150.00 in a research report on Monday, October 15th. Six equities research analysts have rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $172.06.

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Rockwell Automation Company Profile

Rockwell Automation, Inc provides industrial automation and information solutions worldwide. It operates in two segments, Architecture & Software; and Control Products & Solutions. The Architecture & Software segment provides control platforms, including controllers, electronic operator interface devices, electronic input/output devices, communication and networking products, and industrial computers that perform multiple control disciplines and monitoring of applications, such as discrete, batch and continuous process, drives control, motion control, and machine safety control.

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

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