Rockwell Automation, Inc. $ROK Shares Acquired by Savvy Advisors Inc.

Savvy Advisors Inc. grew its stake in Rockwell Automation, Inc. (NYSE:ROK) by 17.5% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,133 shares of the industrial products company’s stock after acquiring an additional 169 shares during the quarter. Savvy Advisors Inc.’s holdings in Rockwell Automation were worth $376,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of ROK. Financial Gravity Asset Management Inc. acquired a new stake in shares of Rockwell Automation in the 1st quarter worth $31,000. IMA Advisory Services Inc. acquired a new stake in shares of Rockwell Automation during the 1st quarter worth about $32,000. Cooksen Wealth LLC acquired a new stake in shares of Rockwell Automation during the 1st quarter worth about $34,000. Legend Financial Advisors Inc. acquired a new stake in shares of Rockwell Automation during the 2nd quarter worth about $39,000. Finally, Cary Street Partners Investment Advisory LLC increased its position in shares of Rockwell Automation by 59.6% during the 1st quarter. Cary Street Partners Investment Advisory LLC now owns 166 shares of the industrial products company’s stock worth $43,000 after purchasing an additional 62 shares during the last quarter. 75.75% of the stock is owned by institutional investors and hedge funds.

Rockwell Automation Stock Performance

Shares of Rockwell Automation stock opened at $368.89 on Friday. The business has a 50-day moving average of $348.01 and a 200 day moving average of $327.29. Rockwell Automation, Inc. has a 12 month low of $215.00 and a 12 month high of $375.02. The stock has a market capitalization of $41.48 billion, a price-to-earnings ratio of 43.30, a price-to-earnings-growth ratio of 3.30 and a beta of 1.41. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.06 and a quick ratio of 0.72.

Rockwell Automation (NYSE:ROK) last announced its earnings results on Wednesday, August 6th. The industrial products company reported $2.82 EPS for the quarter, beating analysts’ consensus estimates of $2.67 by $0.15. Rockwell Automation had a return on equity of 30.14% and a net margin of 12.03%.The company had revenue of $2.14 billion during the quarter, compared to analysts’ expectations of $2.07 billion. During the same period last year, the business posted $2.71 EPS. Rockwell Automation’s revenue for the quarter was up 4.5% on a year-over-year basis. As a group, sell-side analysts forecast that Rockwell Automation, Inc. will post 9.35 earnings per share for the current year.

Rockwell Automation Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Monday, November 17th will be paid a $1.38 dividend. This represents a $5.52 annualized dividend and a dividend yield of 1.5%. The ex-dividend date is Monday, November 17th. This is a boost from Rockwell Automation’s previous quarterly dividend of $1.31. Rockwell Automation’s dividend payout ratio (DPR) is 61.50%.

Analyst Ratings Changes

A number of analysts recently issued reports on ROK shares. Wall Street Zen raised Rockwell Automation from a “hold” rating to a “buy” rating in a research report on Sunday, September 21st. JPMorgan Chase & Co. raised their price objective on Rockwell Automation from $320.00 to $357.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 15th. Citigroup reissued a “buy” rating on shares of Rockwell Automation in a research report on Thursday, October 9th. Weiss Ratings reissued a “buy (b-)” rating on shares of Rockwell Automation in a research report on Wednesday, October 8th. Finally, Stephens reissued an “overweight” rating and set a $375.00 price objective (up from $350.00) on shares of Rockwell Automation in a research report on Wednesday, July 16th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $347.94.

Insiders Place Their Bets

In other news, VP Isaac Woods sold 365 shares of Rockwell Automation stock in a transaction dated Friday, August 29th. The stock was sold at an average price of $348.44, for a total value of $127,180.60. Following the completion of the transaction, the vice president owned 1,691 shares in the company, valued at approximately $589,212.04. This trade represents a 17.75% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Matheus De A. G. Viera Bulho sold 822 shares of Rockwell Automation stock in a transaction dated Wednesday, October 29th. The shares were sold at an average price of $365.00, for a total value of $300,030.00. Following the completion of the transaction, the senior vice president owned 983 shares of the company’s stock, valued at $358,795. The trade was a 45.54% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 30,375 shares of company stock worth $10,661,109. Corporate insiders own 0.68% of the company’s stock.

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.