Core Wealth Partners LLC Has $12.02 Million Position in Rockwell Automation, Inc. (NYSE:ROK)

Core Wealth Partners LLC reduced its stake in Rockwell Automation, Inc. (NYSE:ROK) by 0.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 42,045 shares of the industrial products company’s stock after selling 85 shares during the quarter. Rockwell Automation accounts for 6.9% of Core Wealth Partners LLC’s portfolio, making the stock its 2nd largest position. Core Wealth Partners LLC’s holdings in Rockwell Automation were worth $12,016,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in ROK. West Oak Capital LLC grew its holdings in shares of Rockwell Automation by 455.6% during the fourth quarter. West Oak Capital LLC now owns 100 shares of the industrial products company’s stock worth $29,000 after buying an additional 82 shares in the last quarter. Bank of Jackson Hole Trust acquired a new position in Rockwell Automation during the 4th quarter worth approximately $34,000. SBI Securities Co. Ltd. bought a new position in shares of Rockwell Automation during the 4th quarter worth approximately $35,000. Flagship Wealth Advisors LLC acquired a new stake in shares of Rockwell Automation in the fourth quarter valued at approximately $38,000. Finally, Knuff & Co LLC lifted its position in shares of Rockwell Automation by 41.0% in the fourth quarter. Knuff & Co LLC now owns 141 shares of the industrial products company’s stock worth $40,000 after purchasing an additional 41 shares in the last quarter. 75.75% of the stock is owned by institutional investors and hedge funds.

Rockwell Automation Trading Up 1.8 %

Shares of Rockwell Automation stock opened at $272.69 on Wednesday. Rockwell Automation, Inc. has a 52-week low of $242.81 and a 52-week high of $308.70. The stock has a market cap of $30.83 billion, a PE ratio of 33.96, a PEG ratio of 3.53 and a beta of 1.39. The firm has a 50-day moving average of $279.89 and a 200-day moving average of $278.79. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.72 and a current ratio of 1.08.

Rockwell Automation (NYSE:ROK) last issued its quarterly earnings results on Monday, February 10th. The industrial products company reported $1.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.61 by $0.22. Rockwell Automation had a return on equity of 30.17% and a net margin of 11.38%. As a group, sell-side analysts forecast that Rockwell Automation, Inc. will post 9.35 EPS for the current year.

Rockwell Automation Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Tuesday, February 18th were given a $1.31 dividend. This represents a $5.24 dividend on an annualized basis and a dividend yield of 1.92%. The ex-dividend date of this dividend was Tuesday, February 18th. Rockwell Automation’s payout ratio is currently 65.26%.

Insider Activity at Rockwell Automation

In other Rockwell Automation news, VP Terry L. Riesterer sold 850 shares of the business’s stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $300.21, for a total transaction of $255,178.50. Following the completion of the transaction, the vice president now directly owns 1,633 shares in the company, valued at $490,242.93. The trade was a 34.23 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Scott Genereux sold 500 shares of the firm’s stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $290.14, for a total value of $145,070.00. Following the completion of the sale, the vice president now directly owns 1,905 shares in the company, valued at approximately $552,716.70. This represents a 20.79 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 4,352 shares of company stock valued at $1,246,298 over the last quarter. 0.68% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. HSBC raised shares of Rockwell Automation from a “hold” rating to a “buy” rating and set a $355.00 target price for the company in a research report on Wednesday, December 11th. The Goldman Sachs Group raised their price objective on Rockwell Automation from $257.00 to $290.00 and gave the company a “sell” rating in a report on Tuesday, February 11th. JPMorgan Chase & Co. dropped their target price on Rockwell Automation from $245.00 to $240.00 and set an “underweight” rating on the stock in a report on Wednesday, January 15th. Loop Capital raised their price target on Rockwell Automation from $260.00 to $280.00 and gave the company a “hold” rating in a research note on Tuesday, February 25th. Finally, Jefferies Financial Group upgraded Rockwell Automation from a “hold” rating to a “buy” rating and upped their price objective for the stock from $290.00 to $350.00 in a research note on Thursday, December 12th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Rockwell Automation presently has an average rating of “Hold” and an average price target of $307.68.

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.