Evermay Wealth Management LLC Has $881,000 Holdings in Rockwell Automation, Inc. (NYSE:ROK)

Evermay Wealth Management LLC boosted its stake in Rockwell Automation, Inc. (NYSE:ROK) by 18.4% in the fourth quarter, HoldingsChannel reports. The firm owned 2,837 shares of the industrial products company’s stock after acquiring an additional 440 shares during the period. Evermay Wealth Management LLC’s holdings in Rockwell Automation were worth $881,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in ROK. Bruce G. Allen Investments LLC acquired a new stake in shares of Rockwell Automation in the 4th quarter valued at approximately $27,000. Provence Wealth Management Group acquired a new stake in Rockwell Automation in the third quarter worth $27,000. Fortitude Family Office LLC acquired a new position in shares of Rockwell Automation in the 4th quarter valued at $46,000. Cape Investment Advisory Inc. acquired a new position in shares of Rockwell Automation in the 4th quarter valued at $54,000. Finally, McGlone Suttner Wealth Management Inc. bought a new stake in shares of Rockwell Automation in the 4th quarter valued at $60,000. Institutional investors and hedge funds own 75.75% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on ROK shares. Wells Fargo & Company cut their price objective on Rockwell Automation from $320.00 to $312.00 and set an “overweight” rating on the stock in a report on Wednesday, May 8th. Berenberg Bank reiterated a “hold” rating and issued a $290.00 price target (down previously from $330.00) on shares of Rockwell Automation in a report on Wednesday, March 6th. JPMorgan Chase & Co. restated an “underweight” rating and set a $254.00 price objective on shares of Rockwell Automation in a report on Thursday, March 21st. Citigroup reduced their target price on shares of Rockwell Automation from $322.00 to $316.00 and set a “buy” rating for the company in a research note on Wednesday, May 8th. Finally, Barclays dropped their price target on Rockwell Automation from $265.00 to $260.00 and set an “underweight” rating on the stock in a research note on Wednesday, May 8th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $307.93.

Rockwell Automation Stock Up 0.8 %

Shares of NYSE ROK traded up $2.14 during trading hours on Friday, hitting $264.18. The company had a trading volume of 592,731 shares, compared to its average volume of 945,961. Rockwell Automation, Inc. has a 1-year low of $252.11 and a 1-year high of $348.52. The company has a quick ratio of 0.74, a current ratio of 1.11 and a debt-to-equity ratio of 0.69. The firm’s 50 day moving average is $277.54 and its 200-day moving average is $283.84. The stock has a market capitalization of $30.12 billion, a P/E ratio of 25.82, a price-to-earnings-growth ratio of 4.10 and a beta of 1.43.

Rockwell Automation (NYSE:ROK) last posted its quarterly earnings results on Wednesday, May 8th. The industrial products company reported $2.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.15 by $0.35. Rockwell Automation had a net margin of 13.19% and a return on equity of 34.83%. The firm had revenue of $2.13 billion for the quarter, compared to analyst estimates of $2.05 billion. During the same period in the prior year, the firm posted $3.01 earnings per share. The company’s quarterly revenue was down 6.6% compared to the same quarter last year. On average, analysts expect that Rockwell Automation, Inc. will post 10.16 earnings per share for the current fiscal year.

Rockwell Automation Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Monday, May 13th will be issued a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a yield of 1.89%. The ex-dividend date is Friday, May 10th. Rockwell Automation’s payout ratio is currently 48.88%.

Insiders Place Their Bets

In other news, SVP Rebecca W. House sold 13,900 shares of the firm’s stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $283.02, for a total value of $3,933,978.00. Following the completion of the sale, the senior vice president now directly owns 8,482 shares of the company’s stock, valued at $2,400,575.64. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, SVP Rebecca W. House sold 13,900 shares of the stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $283.02, for a total value of $3,933,978.00. Following the transaction, the senior vice president now directly owns 8,482 shares of the company’s stock, valued at $2,400,575.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Isaac Woods sold 150 shares of Rockwell Automation stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $287.59, for a total transaction of $43,138.50. Following the sale, the vice president now directly owns 1,199 shares of the company’s stock, valued at approximately $344,820.41. The disclosure for this sale can be found here. Insiders have sold a total of 17,006 shares of company stock valued at $4,822,904 over the last 90 days. 0.68% of the stock is currently owned by insiders.

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.