Delta Investment Management LLC Has $207,000 Position in Rockwell Automation, Inc. (NYSE:ROK)

Delta Investment Management LLC lessened its position in shares of Rockwell Automation, Inc. (NYSE:ROK) by 7.6% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 667 shares of the industrial products company’s stock after selling 55 shares during the quarter. Delta Investment Management LLC’s holdings in Rockwell Automation were worth $207,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. Valeo Financial Advisors LLC increased its position in Rockwell Automation by 1.9% during the 4th quarter. Valeo Financial Advisors LLC now owns 1,915 shares of the industrial products company’s stock valued at $595,000 after purchasing an additional 35 shares during the period. Bison Wealth LLC increased its position in Rockwell Automation by 3.3% during the 4th quarter. Bison Wealth LLC now owns 1,168 shares of the industrial products company’s stock valued at $363,000 after purchasing an additional 37 shares during the period. Cohen Lawrence B increased its position in Rockwell Automation by 0.5% during the 3rd quarter. Cohen Lawrence B now owns 8,319 shares of the industrial products company’s stock valued at $2,378,000 after purchasing an additional 38 shares during the period. Raleigh Capital Management Inc. increased its position in Rockwell Automation by 24.2% during the 3rd quarter. Raleigh Capital Management Inc. now owns 195 shares of the industrial products company’s stock valued at $56,000 after purchasing an additional 38 shares during the period. Finally, Cottage Street Advisors LLC increased its position in Rockwell Automation by 3.8% during the 4th quarter. Cottage Street Advisors LLC now owns 1,038 shares of the industrial products company’s stock valued at $319,000 after purchasing an additional 38 shares during the period. Institutional investors and hedge funds own 75.75% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Barclays cut their price target on Rockwell Automation from $269.00 to $265.00 and set an “underweight” rating on the stock in a report on Tuesday, April 2nd. JPMorgan Chase & Co. restated an “underweight” rating and set a $254.00 price target on shares of Rockwell Automation in a report on Thursday, March 21st. Citigroup cut their price target on Rockwell Automation from $330.00 to $322.00 and set a “buy” rating on the stock in a report on Monday, April 8th. Berenberg Bank restated a “hold” rating and set a $290.00 price target (down from $330.00) on shares of Rockwell Automation in a report on Wednesday, March 6th. Finally, Mizuho cut their price target on Rockwell Automation from $300.00 to $265.00 and set a “neutral” rating on the stock in a report on Thursday, February 1st. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $310.08.

Insider Activity

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 sale, the vice president now owns 5,088 shares of the company’s stock, valued at approximately $1,337,482.56. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, CEO Blake D. Moret bought 3,500 shares of the company’s stock in a transaction that occurred on Monday, February 12th. The stock was bought at an average price of $283.64 per share, for a total transaction of $992,740.00. Following the transaction, the chief executive officer now directly owns 77,215 shares of the company’s stock, valued at approximately $21,901,262.60. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Brian A. Shepherd sold 637 shares of the business’s stock in a transaction that occurred on 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 sale, the vice president now owns 5,088 shares of the company’s stock, valued at approximately $1,337,482.56. The disclosure for this sale can be found here. Insiders sold a total of 17,877 shares of company stock valued at $5,058,772 in the last ninety days. 0.68% of the stock is currently owned by insiders.

Rockwell Automation Stock Up 1.1 %

NYSE:ROK traded up $3.17 during trading hours on Friday, hitting $280.12. 626,143 shares of the company traded hands, compared to its average volume of 866,051. The company has a quick ratio of 0.80, a current ratio of 1.25 and a debt-to-equity ratio of 0.76. The firm’s 50-day simple moving average is $282.51 and its 200-day simple moving average is $283.77. Rockwell Automation, Inc. has a one year low of $252.11 and a one year high of $348.52. The company has a market cap of $32.10 billion, a PE ratio of 26.66, a PEG ratio of 2.79 and a beta of 1.43.

Rockwell Automation (NYSE:ROK) last issued its quarterly earnings data on Wednesday, January 31st. The industrial products company reported $2.04 earnings per share for the quarter, missing the consensus estimate of $2.62 by ($0.58). Rockwell Automation had a net margin of 13.35% and a return on equity of 37.22%. The company had revenue of $2.05 billion for the quarter, compared to the consensus estimate of $2.08 billion. During the same quarter last year, the business posted $2.46 earnings per share. Equities analysts predict that Rockwell Automation, Inc. will post 11.98 earnings per share for the current year.

Rockwell Automation Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Monday, May 13th will be given a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a dividend yield of 1.78%. The ex-dividend date is Friday, May 10th. Rockwell Automation’s dividend payout ratio is presently 47.57%.

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.