Syon Capital LLC Acquires 179 Shares of Rockwell Automation, Inc. (NYSE:ROK)

Syon Capital LLC grew its holdings in Rockwell Automation, Inc. (NYSE:ROK) by 24.1% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 923 shares of the industrial products company’s stock after buying an additional 179 shares during the period. Syon Capital LLC’s holdings in Rockwell Automation were worth $287,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the business. Valeo Financial Advisors LLC lifted its stake in shares of Rockwell Automation by 1.9% in 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 last quarter. Bison Wealth LLC lifted its position in Rockwell Automation by 3.3% in the fourth quarter. Bison Wealth LLC now owns 1,168 shares of the industrial products company’s stock worth $363,000 after buying an additional 37 shares during the last quarter. Cohen Lawrence B boosted its stake in Rockwell Automation by 0.5% during the third quarter. Cohen Lawrence B now owns 8,319 shares of the industrial products company’s stock worth $2,378,000 after buying an additional 38 shares during the period. Raleigh Capital Management Inc. increased its position in Rockwell Automation by 24.2% during the third quarter. Raleigh Capital Management Inc. now owns 195 shares of the industrial products company’s stock valued at $56,000 after acquiring an additional 38 shares during the last quarter. Finally, Cottage Street Advisors LLC raised its stake in shares of Rockwell Automation by 3.8% in the fourth quarter. Cottage Street Advisors LLC now owns 1,038 shares of the industrial products company’s stock valued at $319,000 after acquiring an additional 38 shares during the period. 75.75% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. Wells Fargo & Company dropped their price target on shares of Rockwell Automation from $357.00 to $320.00 and set an “overweight” rating for the company in a research note on Thursday, February 1st. UBS Group upgraded Rockwell Automation from a “neutral” rating to a “buy” rating and boosted their target price for the company from $305.00 to $360.00 in a research report on Wednesday, January 3rd. Oppenheimer reduced their price target on Rockwell Automation from $324.00 to $300.00 and set an “outperform” rating on the stock in a report on Thursday, February 1st. JPMorgan Chase & Co. restated an “underweight” rating and set a $254.00 price objective on shares of Rockwell Automation in a report on Thursday, March 21st. Finally, Citigroup reduced their target price on Rockwell Automation from $330.00 to $322.00 and set a “buy” rating on the stock in a research note on Monday, April 8th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Rockwell Automation currently has an average rating of “Hold” and a consensus price target of $310.08.

Insider Buying and Selling at Rockwell Automation

In other news, VP Brian A. Shepherd sold 637 shares of the firm’s stock in a transaction 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Rockwell Automation news, VP Brian A. Shepherd sold 637 shares of the business’s stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $262.87, for a total transaction of $167,448.19. Following the sale, the vice president now owns 5,088 shares in the company, valued at approximately $1,337,482.56. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Blake D. Moret purchased 3,500 shares of the stock in a transaction that occurred on Monday, February 12th. The shares were purchased at an average cost of $283.64 per share, for a total transaction of $992,740.00. Following the completion of the acquisition, the chief executive officer now directly owns 77,215 shares of the company’s stock, valued at approximately $21,901,262.60. The disclosure for this purchase can be found here. Insiders sold a total of 17,877 shares of company stock worth $5,058,772 over the last three months. Corporate insiders own 0.68% of the company’s stock.

Rockwell Automation Stock Performance

Shares of Rockwell Automation stock opened at $280.12 on Friday. Rockwell Automation, Inc. has a 12 month low of $252.11 and a 12 month high of $348.52. The stock’s fifty day moving average price is $282.51 and its 200-day moving average price is $283.71. The firm has a market cap of $32.10 billion, a P/E ratio of 26.65, a P/E/G ratio of 2.83 and a beta of 1.43. 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 posted its earnings results on Wednesday, January 31st. The industrial products company reported $2.04 EPS for the quarter, missing analysts’ consensus estimates of $2.62 by ($0.58). Rockwell Automation had a net margin of 13.35% and a return on equity of 37.22%. The business had revenue of $2.05 billion for the quarter, compared to analysts’ expectations of $2.08 billion. During the same period last year, the business posted $2.46 EPS. On average, equities research analysts expect that Rockwell Automation, Inc. will post 11.98 earnings per share for the current fiscal year.

Rockwell Automation Dividend Announcement

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

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.