Cascade Financial Partners LLC Sells 40 Shares of Rockwell Automation, Inc. (NYSE:ROK)

Cascade Financial Partners LLC reduced its stake in shares of Rockwell Automation, Inc. (NYSE:ROK) by 1.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,680 shares of the industrial products company’s stock after selling 40 shares during the period. Cascade Financial Partners LLC’s holdings in Rockwell Automation were worth $766,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Ashton Thomas Securities LLC bought a new position in Rockwell Automation during the 3rd quarter worth $26,000. West Oak Capital LLC raised its position in Rockwell Automation by 455.6% during the 4th quarter. West Oak Capital LLC now owns 100 shares of the industrial products company’s stock worth $29,000 after purchasing an additional 82 shares during the last quarter. Bank of Jackson Hole Trust acquired a new stake in Rockwell Automation during the 4th quarter worth about $34,000. SBI Securities Co. Ltd. acquired a new stake in Rockwell Automation during the 4th quarter worth about $35,000. Finally, Darwin Wealth Management LLC acquired a new stake in Rockwell Automation during the 3rd quarter worth about $34,000. 75.75% of the stock is owned by institutional investors.

Rockwell Automation Trading Down 1.8 %

NYSE:ROK opened at $265.53 on Wednesday. The company has a current ratio of 1.08, a quick ratio of 0.72 and a debt-to-equity ratio of 0.72. Rockwell Automation, Inc. has a 12 month low of $242.81 and a 12 month high of $308.70. The company has a market cap of $30.02 billion, a PE ratio of 33.07, a price-to-earnings-growth ratio of 3.53 and a beta of 1.39. The company has a 50 day simple moving average of $283.55 and a two-hundred day simple moving average of $278.93.

Rockwell Automation (NYSE:ROK) last posted its earnings results on Monday, February 10th. The industrial products company reported $1.83 EPS for the quarter, topping analysts’ consensus estimates of $1.61 by $0.22. Rockwell Automation had a net margin of 11.38% and a return on equity of 30.17%. Research analysts forecast that Rockwell Automation, Inc. will post 9.35 earnings per share for the current year.

Rockwell Automation Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Tuesday, February 18th were paid a dividend of $1.31 per share. This represents a $5.24 annualized dividend and a dividend yield of 1.97%. The ex-dividend date of this dividend was Tuesday, February 18th. Rockwell Automation’s dividend payout ratio is presently 65.26%.

Insider Transactions at Rockwell Automation

In other news, VP Isaac Woods sold 895 shares of Rockwell Automation stock in a transaction on Friday, January 10th. The shares were sold at an average price of $274.72, for a total transaction of $245,874.40. Following the transaction, the vice president now owns 1,198 shares in the company, valued at $329,114.56. This trade represents a 42.76 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Scott Genereux sold 500 shares of Rockwell Automation stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $290.14, for a total transaction of $145,070.00. Following the transaction, the vice president now owns 1,905 shares in the company, valued at approximately $552,716.70. This trade represents a 20.79 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 4,352 shares of company stock worth $1,246,298 in the last 90 days. 0.68% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of brokerages have weighed in on ROK. Stephens upgraded Rockwell Automation from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $275.00 to $350.00 in a report on Thursday, January 16th. KeyCorp upgraded Rockwell Automation from a “sector weight” rating to an “overweight” rating and set a $345.00 price target for the company in a report on Monday, December 9th. Citigroup raised their target price on Rockwell Automation from $345.00 to $350.00 and gave the company a “buy” rating in a research note on Tuesday, February 11th. The Goldman Sachs Group raised their target price on Rockwell Automation from $257.00 to $290.00 and gave the company a “sell” rating in a research note on Tuesday, February 11th. Finally, HSBC upgraded Rockwell Automation from a “hold” rating to a “buy” rating and set a $355.00 target price for the company in a research note on Wednesday, December 11th. 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 stock. Based on data from MarketBeat.com, Rockwell Automation currently has a consensus rating of “Hold” and a consensus price target of $307.68.

Rockwell Automation 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.