Entropy Technologies Acquires 17,691 Shares in Rockwell Automation

Entropy Technologies LP has acquired 17,691 shares of Rockwell Automation, Inc. (NYSE: ROK), amounting to a stake valued at approximately $5.88 million. This acquisition occurred during the second quarter of the year, as disclosed in the latest filing with the Securities & Exchange Commission.

Other institutional investors have also adjusted their positions in Rockwell Automation recently. For instance, IMA Advisory Services Inc. entered a new stake in the first quarter valued at $32,000. Additionally, Legend Financial Advisors Inc. purchased shares worth $39,000 in the second quarter, while SBI Securities Co. Ltd. increased its holdings by 48.7%, now owning 116 shares valued at $39,000 after acquiring an additional 38 shares.

Financial Overview and Market Performance

The overall ownership of Rockwell Automation by hedge funds and institutional investors stands at 75.75%. As of the latest trading session, Rockwell Automation opened at $369.29, with a one-year low of $215.00 and a high of $398.20. The company reports a fifty-day moving average of $356.36 and a 200-day average of $339.68.

Rockwell Automation also announced a quarterly dividend of $1.38 per share, to be paid on December 10, 2023. This dividend reflects an annualized amount of $5.52, yielding 1.5%. The ex-dividend date is set for November 17, 2023, marking an increase from the previous dividend of $1.31. The current dividend payout ratio is 72.06%.

Analyst Ratings and Insider Transactions

Recent reports from various brokerages have provided insights into Rockwell Automation’s stock performance. Oppenheimer reaffirmed an “outperform” rating with a price target of $391.00 as of November 7, 2023. Meanwhile, Morgan Stanley raised its price target to $435.00 with an “overweight” rating. Other firms, including Barclays and JPMorgan Chase & Co., have also adjusted their targets, indicating a generally positive outlook for the stock.

In terms of insider trading, significant sales have occurred recently. Cyril Perducat, Senior Vice President, sold 1,435 shares at an average price of $348.08, totaling $499,494.80. Following this transaction, he owned 3,787 shares valued at approximately $1.32 million. Additionally, Isaac Woods, Vice President, sold 250 shares at an average price of $350.00, resulting in a sale worth $87,500.00. These transactions highlight ongoing adjustments within the company’s leadership.

Overall, Rockwell Automation continues to attract interest from institutional investors and analysts alike, reflecting its strong position in the industrial automation sector and its commitment to delivering shareholder value through dividends and strategic growth.