Apollon Wealth Management LLC Has $1.49 Million Holdings in Rockwell Automation, Inc. (NYSE:ROK)

Apollon Wealth Management LLC increased its position in Rockwell Automation, Inc. (NYSE:ROK) by 6.2% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 4,797 shares of the industrial products company’s stock after purchasing an additional 279 shares during the period. Apollon Wealth Management LLC’s holdings in Rockwell Automation were worth $1,489,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. KLCM Advisors Inc. boosted its stake in shares of Rockwell Automation by 16.6% during the 3rd quarter. KLCM Advisors Inc. now owns 1,136 shares of the industrial products company’s stock valued at $325,000 after buying an additional 162 shares during the period. Tokio Marine Asset Management Co. Ltd. increased its holdings in Rockwell Automation by 9.4% in the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 2,728 shares of the industrial products company’s stock worth $780,000 after buying an additional 234 shares during the last quarter. Sequoia Financial Advisors LLC lifted its stake in Rockwell Automation by 676.7% in the fourth quarter. Sequoia Financial Advisors LLC now owns 32,156 shares of the industrial products company’s stock valued at $9,984,000 after acquiring an additional 28,016 shares during the last quarter. Mercer Global Advisors Inc. ADV grew its position in Rockwell Automation by 0.9% in the third quarter. Mercer Global Advisors Inc. ADV now owns 11,423 shares of the industrial products company’s stock worth $3,266,000 after acquiring an additional 97 shares in the last quarter. Finally, Carnegie Capital Asset Management LLC increased its stake in shares of Rockwell Automation by 5.0% during the 4th quarter. Carnegie Capital Asset Management LLC now owns 85,551 shares of the industrial products company’s stock worth $26,562,000 after purchasing an additional 4,093 shares during the last quarter. 75.75% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on ROK. Berenberg Bank reiterated a “hold” rating and issued a $290.00 price objective (down from $330.00) on shares of Rockwell Automation in a report on Wednesday, March 6th. JPMorgan Chase & Co. reaffirmed an “underweight” rating and issued a $254.00 price target on shares of Rockwell Automation in a research report on Thursday, March 21st. Oppenheimer cut their price objective on Rockwell Automation from $324.00 to $300.00 and set an “outperform” rating for the company in a research report on Thursday, February 1st. Robert W. Baird reduced their price objective on Rockwell Automation from $310.00 to $304.00 and set an “outperform” rating for the company in a research report on Wednesday. Finally, Mizuho dropped their target price on shares of Rockwell Automation from $265.00 to $260.00 and set a “neutral” rating on the stock in a research report on Wednesday. Two analysts have rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, Rockwell Automation has an average rating of “Hold” and a consensus price target of $307.93.

Rockwell Automation Stock Performance

NYSE ROK opened at $273.54 on Thursday. The firm has a market cap of $31.34 billion, a price-to-earnings ratio of 26.03, a PEG ratio of 2.77 and a beta of 1.43. Rockwell Automation, Inc. has a 1-year low of $252.11 and a 1-year high of $348.52. The company has a 50 day moving average of $281.90 and a 200-day moving average of $283.11. The company has a current ratio of 1.25, a quick ratio of 0.80 and a debt-to-equity ratio of 0.76.

Rockwell Automation (NYSE:ROK) last issued its quarterly earnings data on Tuesday, May 7th. The industrial products company reported $2.50 EPS for the quarter, topping analysts’ consensus estimates of $2.15 by $0.35. Rockwell Automation had a net margin of 13.35% and a return on equity of 37.22%. The firm had revenue of $2.13 billion for the quarter, compared to analyst estimates of $2.05 billion. During the same quarter in the prior year, the firm earned $3.01 EPS. The company’s revenue was down 6.6% on a year-over-year basis. On average, equities analysts forecast that Rockwell Automation, Inc. will post 11.98 earnings per share for the current fiscal year.

Rockwell Automation Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Monday, May 13th will be paid a $1.25 dividend. This represents a $5.00 annualized dividend and a dividend yield of 1.83%. The ex-dividend date is Friday, May 10th. Rockwell Automation’s dividend payout ratio (DPR) is presently 47.57%.

Insider Buying and Selling

In other Rockwell Automation news, VP Scott Genereux sold 500 shares of Rockwell Automation stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $280.52, for a total transaction of $140,260.00. Following the completion of the sale, the vice president now owns 4,383 shares of the company’s stock, valued at approximately $1,229,519.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, VP Scott Genereux sold 500 shares of the business’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $280.52, for a total transaction of $140,260.00. Following the completion of the transaction, the vice president now directly owns 4,383 shares in the company, valued at approximately $1,229,519.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Rebecca W. House sold 13,900 shares of Rockwell Automation stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $283.02, for a total transaction of $3,933,978.00. Following the transaction, the senior vice president now directly owns 8,482 shares in the company, valued at approximately $2,400,575.64. The disclosure for this sale can be found here. Insiders sold a total of 17,240 shares of company stock valued at $4,891,324 over the last ninety days. Insiders own 0.68% of the company’s stock.

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.