Buckhead Capital Management LLC Purchases 1,965 Shares of Rockwell Automation, Inc. (NYSE:ROK)

Buckhead Capital Management LLC lifted its position in Rockwell Automation, Inc. (NYSE:ROK) by 14.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 15,781 shares of the industrial products company’s stock after buying an additional 1,965 shares during the period. Buckhead Capital Management LLC’s holdings in Rockwell Automation were worth $4,510,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of ROK. McClarren Financial Advisors Inc. purchased a new position in Rockwell Automation in the fourth quarter worth about $144,000. L. Roy Papp & Associates LLP lifted its stake in shares of Rockwell Automation by 3.5% in the 4th quarter. L. Roy Papp & Associates LLP now owns 18,006 shares of the industrial products company’s stock worth $5,146,000 after purchasing an additional 608 shares during the period. Sovran Advisors LLC purchased a new position in shares of Rockwell Automation in the fourth quarter worth approximately $479,000. Essex Financial Services Inc. bought a new stake in Rockwell Automation during the fourth quarter valued at approximately $217,000. Finally, Focus Financial Network Inc. increased its holdings in Rockwell Automation by 4.9% during the fourth quarter. Focus Financial Network Inc. now owns 1,967 shares of the industrial products company’s stock valued at $562,000 after buying an additional 91 shares during the last quarter. Institutional investors own 75.75% of the company’s stock.

Insider Activity

In other news, CEO Blake D. Moret sold 26,700 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $298.63, for a total transaction of $7,973,421.00. Following the transaction, the chief executive officer now owns 78,115 shares of the company’s stock, valued at approximately $23,327,482.45. The trade was a 25.47 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP John M. Miller sold 467 shares of the stock in a transaction on Monday, November 18th. The shares were sold at an average price of $284.07, for a total value of $132,660.69. Following the sale, the vice president now owns 4,800 shares in the company, valued at $1,363,536. The trade was a 8.87 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 35,857 shares of company stock worth $10,678,037. 0.68% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Morgan Stanley lifted their price target on shares of Rockwell Automation from $335.00 to $345.00 and gave the stock an “overweight” rating in a research note on Wednesday. Oppenheimer lifted their target price on Rockwell Automation from $300.00 to $320.00 and gave the company an “outperform” rating in a research report on Tuesday. BNP Paribas lowered Rockwell Automation from a “strong-buy” rating to a “hold” rating in a report on Tuesday. The Goldman Sachs Group raised their price objective on Rockwell Automation from $257.00 to $290.00 and gave the stock a “sell” rating in a research note on Tuesday. Finally, Jefferies Financial Group raised Rockwell Automation from a “hold” rating to a “buy” rating and lifted their price objective for the company from $290.00 to $350.00 in a research report on Thursday, December 12th. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $308.05.

Rockwell Automation Stock Performance

NYSE ROK opened at $298.51 on Friday. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.08 and a quick ratio of 0.72. Rockwell Automation, Inc. has a 1-year low of $242.81 and a 1-year high of $308.70. The business has a 50 day simple moving average of $286.23 and a two-hundred day simple moving average of $275.65. The stock has a market capitalization of $33.74 billion, a PE ratio of 36.05, a P/E/G ratio of 2.89 and a beta of 1.35.

Rockwell Automation (NYSE:ROK) last posted its earnings results on Monday, February 10th. The industrial products company reported $1.83 earnings per share for the quarter, beating analysts’ consensus estimates of $1.61 by $0.22. Rockwell Automation had a net margin of 11.53% and a return on equity of 30.42%. On average, research analysts predict that Rockwell Automation, Inc. will post 9.32 EPS for the current fiscal year.

Rockwell Automation Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Tuesday, February 18th will be issued a $1.31 dividend. The ex-dividend date is Tuesday, February 18th. This represents a $5.24 dividend on an annualized basis and a dividend yield of 1.76%. Rockwell Automation’s dividend payout ratio (DPR) is presently 63.29%.

About Rockwell Automation

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.