First American Trust FSB Purchases 355 Shares of Rockwell Automation, Inc. (NYSE:ROK)

First American Trust FSB increased its position in Rockwell Automation, Inc. (NYSE:ROK) by 2.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 17,720 shares of the industrial products company’s stock after purchasing an additional 355 shares during the quarter. First American Trust FSB’s holdings in Rockwell Automation were worth $5,502,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. KLCM Advisors Inc. boosted its position in Rockwell Automation by 16.6% during the 3rd quarter. KLCM Advisors Inc. now owns 1,136 shares of the industrial products company’s stock valued at $325,000 after acquiring an additional 162 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. boosted its position in Rockwell Automation by 9.4% during the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 2,728 shares of the industrial products company’s stock valued at $780,000 after acquiring an additional 234 shares in the last quarter. Sequoia Financial Advisors LLC boosted its position in Rockwell Automation by 676.7% during the 4th quarter. Sequoia Financial Advisors LLC now owns 32,156 shares of the industrial products company’s stock valued at $9,984,000 after acquiring an additional 28,016 shares in the last quarter. Mercer Global Advisors Inc. ADV boosted its position in Rockwell Automation by 0.9% during the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 11,423 shares of the industrial products company’s stock valued at $3,266,000 after acquiring an additional 97 shares in the last quarter. Finally, McGuire Investment Group LLC boosted its position in Rockwell Automation by 106.4% during the 4th quarter. McGuire Investment Group LLC now owns 16,455 shares of the industrial products company’s stock valued at $5,109,000 after acquiring an additional 8,484 shares in the last quarter. Institutional investors own 75.75% of the company’s stock.

Insider Activity at Rockwell Automation

In related news, VP Brian A. Shepherd sold 637 shares of Rockwell Automation stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $262.87, for a total value of $167,448.19. Following the completion of the transaction, the vice president now owns 5,088 shares in the company, valued at approximately $1,337,482.56. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, VP Brian A. Shepherd sold 637 shares of Rockwell Automation stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $262.87, for a total value of $167,448.19. Following the completion of the transaction, the vice president now owns 5,088 shares in the company, valued at approximately $1,337,482.56. The sale was disclosed in a document filed with the SEC, 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 shares were sold at an average price of $287.59, for a total value of $43,138.50. Following the completion of the transaction, the vice president now 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 sold a total of 17,877 shares of company stock worth $5,058,772 in the last 90 days. Corporate insiders own 0.68% of the company’s stock.

Rockwell Automation Stock Performance

Shares of NYSE ROK traded up $1.08 during trading on Monday, reaching $285.90. 1,369,235 shares of the company traded hands, compared to its average volume of 1,035,772. The firm’s fifty day simple moving average is $282.22 and its 200 day simple moving average is $284.42. The stock has a market cap of $32.76 billion, a P/E ratio of 27.14, a PEG ratio of 2.86 and a beta of 1.43. Rockwell Automation, Inc. has a 12-month low of $252.11 and a 12-month high of $348.52. The company has a current ratio of 1.25, a quick ratio of 0.80 and a debt-to-equity ratio of 0.76.

Rockwell Automation (NYSE:ROK) last released its quarterly earnings data on Wednesday, January 31st. The industrial products company reported $2.04 earnings per share for the quarter, missing analysts’ consensus estimates of $2.62 by ($0.58). The company had revenue of $2.05 billion for the quarter, compared to analysts’ expectations of $2.08 billion. Rockwell Automation had a net margin of 13.35% and a return on equity of 37.22%. During the same quarter in the previous year, the business posted $2.46 EPS. As a group, research analysts anticipate that Rockwell Automation, Inc. will post 12.03 earnings per share for the current fiscal year.

Rockwell Automation Announces Dividend

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 paid a $1.25 dividend. The ex-dividend date of this dividend is Friday, May 10th. This represents a $5.00 annualized dividend and a dividend yield of 1.75%. Rockwell Automation’s dividend payout ratio is presently 47.57%.

Wall Street Analysts Forecast Growth

ROK has been the subject of several analyst reports. Barclays decreased their price objective on Rockwell Automation from $269.00 to $265.00 and set an “underweight” rating for the company in a report on Tuesday, April 2nd. UBS Group upgraded Rockwell Automation from a “neutral” rating to a “buy” rating and increased their price objective for the company from $305.00 to $360.00 in a report on Wednesday, January 3rd. Oppenheimer decreased their price objective on Rockwell Automation from $324.00 to $300.00 and set an “outperform” rating for the company in a report on Thursday, February 1st. Berenberg Bank reiterated a “hold” rating and set a $290.00 price objective (down previously from $330.00) on shares of Rockwell Automation in a report on Wednesday, March 6th. Finally, Citigroup reduced their target price on Rockwell Automation from $330.00 to $322.00 and set a “buy” rating for the company in a research note on Monday, April 8th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $310.08.

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.