Wealth Enhancement Advisory Services LLC Buys New Holdings in Rockwell Automation (NYSE:ROK)

Wealth Enhancement Advisory Services LLC bought a new stake in Rockwell Automation (NYSE:ROK) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 6,531 shares of the industrial products company’s stock, valued at approximately $1,358,000.

A number of other large investors have also recently added to or reduced their stakes in ROK. Valeo Financial Advisors LLC acquired a new stake in Rockwell Automation during the 3rd quarter worth approximately $131,000. Rockefeller Financial Services Inc. acquired a new stake in Rockwell Automation during the 3rd quarter worth approximately $143,000. Sun Life Financial INC increased its position in Rockwell Automation by 8,490.9% during the 2nd quarter. Sun Life Financial INC now owns 945 shares of the industrial products company’s stock worth $153,000 after purchasing an additional 934 shares in the last quarter. Kohmann Bosshard Financial Services LLC acquired a new stake in Rockwell Automation during the 3rd quarter worth approximately $186,000. Finally, Foundry Partners LLC acquired a new stake in Rockwell Automation during the 3rd quarter worth approximately $200,000. Institutional investors own 72.75% of the company’s stock.

Several analysts have issued reports on ROK shares. Wolfe Research raised shares of Rockwell Automation from a “market perform” rating to an “outperform” rating in a research report on Monday, November 20th. JPMorgan Chase & Co. started coverage on shares of Rockwell Automation in a research report on Wednesday, November 29th. They issued a “neutral” rating for the company. Citigroup lowered their price objective on shares of Rockwell Automation from $214.00 to $209.00 and set a “neutral” rating for the company in a research report on Thursday, January 25th. Daiwa Capital Markets started coverage on shares of Rockwell Automation in a research report on Wednesday, December 20th. They issued a “neutral” rating and a $199.00 price objective for the company. Finally, Oppenheimer reissued a “hold” rating on shares of Rockwell Automation in a research report on Monday, November 20th. Three investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have assigned a buy rating to the company. Rockwell Automation presently has a consensus rating of “Hold” and an average target price of $183.15.

Shares of Rockwell Automation (NYSE ROK) traded up $4.31 on Friday, reaching $183.04. The company had a trading volume of 1,415,217 shares, compared to its average volume of 945,045. Rockwell Automation has a 52-week low of $148.31 and a 52-week high of $210.72. The company has a market capitalization of $23,389.58, a PE ratio of 64.22, a PEG ratio of 2.06 and a beta of 1.17. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.98 and a quick ratio of 1.73.

Rockwell Automation (NYSE:ROK) last announced its quarterly earnings data on Wednesday, January 24th. The industrial products company reported $1.96 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.74 by $0.22. Rockwell Automation had a return on equity of 39.45% and a net margin of 5.85%. The firm had revenue of $1.59 billion for the quarter, compared to analysts’ expectations of $1.60 billion. During the same period last year, the business posted $1.75 earnings per share. The firm’s revenue for the quarter was up 6.5% on a year-over-year basis. sell-side analysts predict that Rockwell Automation will post 7.79 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, March 12th. Shareholders of record on Tuesday, February 20th will be paid a $0.835 dividend. This represents a $3.34 dividend on an annualized basis and a yield of 1.82%. The ex-dividend date of this dividend is Friday, February 16th. Rockwell Automation’s payout ratio is 117.19%.

Rockwell Automation declared that its Board of Directors has approved a share repurchase plan on Wednesday, January 24th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the industrial products company to purchase shares of its stock through open market purchases. Shares buyback plans are usually a sign that the company’s board believes its shares are undervalued.

In other Rockwell Automation news, VP Robert B. Murphy sold 696 shares of the firm’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $200.00, for a total value of $139,200.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Frank C. Kulaszewicz sold 43,100 shares of the firm’s stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $177.68, for a total value of $7,658,008.00. Following the completion of the sale, the senior vice president now owns 35,338 shares in the company, valued at $6,278,855.84. The disclosure for this sale can be found here. Insiders sold 113,966 shares of company stock worth $21,834,799 over the last quarter. 1.65% of the stock is currently owned by company insiders.

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Rockwell Automation Profile

Rockwell Automation, Inc (Rockwell Automation) is a provider of industrial automation power, control and information solutions for manufacturers. The Company operates through two segments: Architecture & Software and Control Products & Solutions. The Architecture & Software segment contains various hardware, software and communication components of the Company’s integrated control and information architecture capable of controlling the customer’s industrial processes and connecting with their manufacturing enterprise.

Institutional Ownership by Quarter for Rockwell Automation (NYSE:ROK)

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