Commonwealth Equity Services LLC Has $36.03 Million Stake in Rockwell Automation, Inc. (NYSE:ROK)

Commonwealth Equity Services LLC increased its position in Rockwell Automation, Inc. (NYSE:ROK) by 0.9% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 109,367 shares of the industrial products company’s stock after purchasing an additional 922 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Rockwell Automation were worth $36,031,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of ROK. Neo Ivy Capital Management acquired a new position in shares of Rockwell Automation in the second quarter valued at $29,000. Clear Street Markets LLC bought a new stake in shares of Rockwell Automation during the 4th quarter worth about $30,000. First Manhattan Co. grew its stake in Rockwell Automation by 150.0% in the 4th quarter. First Manhattan Co. now owns 125 shares of the industrial products company’s stock valued at $32,000 after buying an additional 75 shares during the last quarter. GPS Wealth Strategies Group LLC grew its stake in Rockwell Automation by 62.9% in the 2nd quarter. GPS Wealth Strategies Group LLC now owns 101 shares of the industrial products company’s stock valued at $33,000 after buying an additional 39 shares during the last quarter. Finally, Fortis Capital Advisors LLC bought a new position in Rockwell Automation in the 1st quarter valued at about $37,000. 80.84% of the stock is currently owned by institutional investors and hedge funds.

Rockwell Automation Trading Up 0.9 %

Shares of ROK stock opened at $275.26 on Monday. Rockwell Automation, Inc. has a fifty-two week low of $248.71 and a fifty-two week high of $348.52. The stock’s fifty day moving average price is $277.09 and its two-hundred day moving average price is $296.39. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.04 and a current ratio of 1.46. The company has a market cap of $31.56 billion, a PE ratio of 23.02, a P/E/G ratio of 2.07 and a beta of 1.46.

Rockwell Automation Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 11th. Investors of record on Monday, November 13th will be paid a $1.25 dividend. The ex-dividend date of this dividend is Friday, November 10th. This is a positive change from Rockwell Automation’s previous quarterly dividend of $1.18. This represents a $5.00 annualized dividend and a yield of 1.82%. Rockwell Automation’s dividend payout ratio (DPR) is 41.81%.

Insider Buying and Selling at Rockwell Automation

In other news, VP Isaac Woods sold 113 shares of the firm’s stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $285.43, for a total value of $32,253.59. Following the sale, the vice president now directly owns 827 shares in the company, valued at approximately $236,050.61. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, VP Isaac Woods sold 113 shares of the stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $285.43, for a total value of $32,253.59. Following the completion of the transaction, the vice president now directly owns 827 shares in the company, valued at approximately $236,050.61. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Veena M. Lakkundi sold 597 shares of the company’s stock in a transaction dated Thursday, November 2nd. The stock was sold at an average price of $257.14, for a total value of $153,512.58. Following the completion of the transaction, the senior vice president now directly owns 2,805 shares of the company’s stock, valued at approximately $721,277.70. The disclosure for this sale can be found here. Insiders have sold a total of 1,150 shares of company stock worth $311,281 over the last 90 days. Insiders own 0.64% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on ROK shares. Wells Fargo & Company reduced their price objective on Rockwell Automation from $317.00 to $291.00 in a report on Monday, October 9th. Bank of America reduced their target price on shares of Rockwell Automation from $375.00 to $335.00 in a research report on Wednesday, August 2nd. Stephens reaffirmed an “equal weight” rating and set a $350.00 price target on shares of Rockwell Automation in a research report on Friday, November 3rd. KeyCorp initiated coverage on shares of Rockwell Automation in a report on Monday, October 2nd. They issued a “sector weight” rating for the company. Finally, Mizuho lowered their target price on shares of Rockwell Automation from $270.00 to $265.00 and set a “neutral” rating on the stock in a report on Friday, November 3rd. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $299.20.

Rockwell Automation Company Profile

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.