Barlow Wealth Partners Inc. Buys Shares of 895 Rockwell Automation, Inc. (NYSE:ROK)

Barlow Wealth Partners Inc. bought a new stake in Rockwell Automation, Inc. (NYSE:ROK) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 895 shares of the industrial products company’s stock, valued at approximately $278,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. OFI Invest Asset Management acquired a new position in Rockwell Automation in the third quarter valued at approximately $26,000. Provence Wealth Management Group acquired a new position in shares of Rockwell Automation during the third quarter worth approximately $27,000. Bruce G. Allen Investments LLC acquired a new position in shares of Rockwell Automation during the fourth quarter worth approximately $27,000. BluePath Capital Management LLC acquired a new position in shares of Rockwell Automation during the third quarter worth approximately $29,000. Finally, Fortitude Family Office LLC acquired a new position in shares of Rockwell Automation during the fourth quarter worth approximately $46,000. 75.75% of the stock is currently owned by institutional investors and hedge funds.

Rockwell Automation Stock Down 1.9 %

NYSE:ROK traded down $5.35 during trading hours on Tuesday, reaching $272.04. The company’s stock had a trading volume of 2,375,570 shares, compared to its average volume of 1,019,828. The company has a market cap of $31.17 billion, a price-to-earnings ratio of 25.88, a price-to-earnings-growth ratio of 2.77 and a beta of 1.43. Rockwell Automation, Inc. has a one year low of $252.11 and a one year high of $348.52. The business’s 50-day moving average is $281.90 and its 200-day moving average is $283.11. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.25 and a quick ratio of 0.80.

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

Rockwell Automation Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Monday, May 13th will be issued a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a yield of 1.84%. The ex-dividend date of this dividend is Friday, May 10th. Rockwell Automation’s dividend payout ratio is presently 47.57%.

Insider Buying and Selling

In other Rockwell Automation news, VP Isaac Woods sold 150 shares of the company’s stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $287.59, for a total transaction of $43,138.50. Following the completion of the sale, the vice president now directly owns 1,199 shares in the company, valued at $344,820.41. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Rockwell Automation news, VP Isaac Woods sold 150 shares of the company’s stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $287.59, for a total transaction of $43,138.50. Following the completion of the sale, the vice president now directly owns 1,199 shares in the company, valued at $344,820.41. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Nicholas C. Gangestad sold 1,989 shares of the company’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $288.17, for a total transaction of $573,170.13. Following the sale, the chief financial officer now owns 12,217 shares of the company’s stock, valued at $3,520,572.89. The disclosure for this sale can be found here. Over the last three months, insiders sold 17,240 shares of company stock worth $4,891,324. Corporate insiders own 0.68% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Wells Fargo & Company reduced their price objective on Rockwell Automation from $357.00 to $320.00 and set an “overweight” rating for the company in a research report on Thursday, February 1st. Oppenheimer reduced 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. Barclays cut their target price on Rockwell Automation from $269.00 to $265.00 and set an “underweight” rating for the company in a research report on Tuesday, April 2nd. JPMorgan Chase & Co. restated an “underweight” rating and issued a $254.00 target price on shares of Rockwell Automation in a research report on Thursday, March 21st. Finally, Citigroup cut their target price on Rockwell Automation from $330.00 to $322.00 and set a “buy” rating for the company in a research report on Monday, April 8th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $310.08.

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.