Moss Adams Wealth Advisors LLC Buys 59 Shares of Rockwell Automation, Inc. (NYSE:ROK)

Moss Adams Wealth Advisors LLC grew its stake in Rockwell Automation, Inc. (NYSE:ROK) by 5.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,242 shares of the industrial products company’s stock after purchasing an additional 59 shares during the quarter. Moss Adams Wealth Advisors LLC’s holdings in Rockwell Automation were worth $386,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the stock. KLCM Advisors Inc. lifted its stake 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. Patrick M Sweeney & Associates Inc. purchased a new position in Rockwell Automation during the fourth quarter worth about $380,000. Tokio Marine Asset Management Co. Ltd. grew its position in Rockwell Automation by 9.4% in the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 2,728 shares of the industrial products company’s stock worth $780,000 after purchasing an additional 234 shares in the last quarter. Sequoia Financial Advisors LLC increased its stake in Rockwell Automation by 676.7% in 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 buying an additional 28,016 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV lifted its position in shares of 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 worth $3,266,000 after buying an additional 97 shares in the last quarter. Hedge funds and other institutional investors own 75.75% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on ROK shares. Citigroup reduced their target price on Rockwell Automation from $322.00 to $316.00 and set a “buy” rating for the company in a report on Wednesday. Wells Fargo & Company reduced their price objective on Rockwell Automation from $320.00 to $312.00 and set an “overweight” rating for the company in a research note on Wednesday. Mizuho lowered their target price on Rockwell Automation from $265.00 to $260.00 and set a “neutral” rating on the stock in a research note on Wednesday. JPMorgan Chase & Co. restated an “underweight” rating and set a $254.00 price target on shares of Rockwell Automation in a research report on Thursday, March 21st. Finally, Barclays lowered their price objective on shares of Rockwell Automation from $265.00 to $260.00 and set an “underweight” rating on the stock in a research report on Wednesday. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $307.93.

Rockwell Automation Price Performance

ROK traded up $1.50 during trading on Wednesday, reaching $273.54. 1,355,362 shares of the company were exchanged, compared to its average volume of 1,023,598. Rockwell Automation, Inc. has a 12-month low of $252.11 and a 12-month high of $348.52. The company’s 50-day moving average is $281.90 and its two-hundred day moving average is $283.11. 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 company has a market cap of $31.34 billion, a price-to-earnings ratio of 26.03, a P/E/G ratio of 2.77 and a beta of 1.43.

Rockwell Automation (NYSE:ROK) last announced its quarterly earnings results 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 for the quarter, compared to the consensus estimate of $2.05 billion. Rockwell Automation had a net margin of 13.35% and a return on equity of 37.22%. The company’s revenue for the quarter was down 6.6% on a year-over-year basis. During the same period in the prior year, the firm posted $3.01 earnings per share. Research analysts forecast that Rockwell Automation, Inc. will post 11.98 earnings per share for the current fiscal year.

Rockwell Automation Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Monday, May 13th will be issued a $1.25 dividend. This represents a $5.00 annualized dividend and a yield of 1.83%. The ex-dividend date of this dividend is Friday, May 10th. Rockwell Automation’s payout ratio is 47.57%.

Insider Activity

In related news, CFO Nicholas C. Gangestad sold 1,989 shares of Rockwell Automation stock in a transaction on Monday, March 4th. The stock was sold at an average price of $288.17, for a total transaction of $573,170.13. Following the completion of the sale, the chief financial officer now owns 12,217 shares of the company’s stock, valued at $3,520,572.89. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, VP Scott Genereux sold 500 shares of the stock in a transaction on Monday, March 4th. The shares were sold at an average price of $290.00, for a total value of $145,000.00. Following the transaction, the vice president now owns 2,383 shares of the company’s stock, valued at approximately $691,070. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Nicholas C. Gangestad sold 1,989 shares of the firm’s stock in a transaction on 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 in the company, valued at approximately $3,520,572.89. The disclosure for this sale can be found here. Insiders sold 17,240 shares of company stock worth $4,891,324 in the last three months. Corporate insiders own 0.68% of the company’s stock.

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.