Zions Bancorporation N.A. Sells 57 Shares of Rockwell Automation, Inc. (NYSE:ROK)

Zions Bancorporation N.A. decreased its stake in Rockwell Automation, Inc. (NYSE:ROK) by 34.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 107 shares of the industrial products company’s stock after selling 57 shares during the period. Zions Bancorporation N.A.’s holdings in Rockwell Automation were worth $31,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the stock. West Oak Capital LLC increased its position in Rockwell Automation by 455.6% during the 4th quarter. West Oak Capital LLC now owns 100 shares of the industrial products company’s stock valued at $29,000 after purchasing an additional 82 shares during the period. Bank of Jackson Hole Trust bought a new stake in shares of Rockwell Automation in the 4th quarter valued at $34,000. SBI Securities Co. Ltd. acquired a new stake in shares of Rockwell Automation during the fourth quarter worth $35,000. Flagship Wealth Advisors LLC bought a new position in Rockwell Automation during the fourth quarter worth $38,000. Finally, Knuff & Co LLC lifted its holdings in Rockwell Automation by 41.0% in the fourth quarter. Knuff & Co LLC now owns 141 shares of the industrial products company’s stock valued at $40,000 after buying an additional 41 shares during the period. 75.75% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on ROK. Oppenheimer increased their price target on Rockwell Automation from $300.00 to $320.00 and gave the stock an “outperform” rating in a report on Tuesday, February 11th. The Goldman Sachs Group raised their target price on Rockwell Automation from $257.00 to $290.00 and gave the stock a “sell” rating in a research note on Tuesday, February 11th. Jefferies Financial Group raised Rockwell Automation from a “hold” rating to a “buy” rating and boosted their price target for the company from $290.00 to $350.00 in a research note on Thursday, December 12th. Barclays reduced their price objective on shares of Rockwell Automation from $285.00 to $280.00 and set an “equal weight” rating for the company in a research report on Wednesday. Finally, Wells Fargo & Company boosted their target price on shares of Rockwell Automation from $315.00 to $337.00 and gave the company an “overweight” rating in a research report on Tuesday, February 11th. Three analysts have rated the stock with a sell rating, seven have given a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $307.42.

Rockwell Automation Stock Performance

Shares of Rockwell Automation stock opened at $268.50 on Friday. Rockwell Automation, Inc. has a 52 week low of $242.81 and a 52 week high of $308.70. The company has a quick ratio of 0.72, a current ratio of 1.08 and a debt-to-equity ratio of 0.72. The business has a 50 day moving average price of $279.51 and a 200-day moving average price of $278.65. The company has a market cap of $30.36 billion, a PE ratio of 33.44, a price-to-earnings-growth ratio of 3.53 and a beta of 1.39.

Rockwell Automation (NYSE:ROK) last issued its quarterly earnings data on Monday, February 10th. The industrial products company reported $1.83 earnings per share for the quarter, beating the consensus estimate of $1.61 by $0.22. Rockwell Automation had a return on equity of 30.17% and a net margin of 11.38%. Equities analysts anticipate that Rockwell Automation, Inc. will post 9.35 earnings per share for the current fiscal year.

Rockwell Automation Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Tuesday, February 18th were paid a $1.31 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $5.24 annualized dividend and a yield of 1.95%. Rockwell Automation’s dividend payout ratio (DPR) is 65.26%.

Insider Buying and Selling at Rockwell Automation

In other Rockwell Automation news, VP Isaac Woods sold 895 shares of the company’s stock in a transaction on Friday, January 10th. The stock was sold at an average price of $274.72, for a total value of $245,874.40. Following the completion of the transaction, the vice president now owns 1,198 shares in the company, valued at $329,114.56. This represents a 42.76 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Tessa M. Myers sold 1,231 shares of Rockwell Automation stock in a transaction on Friday, February 28th. The stock was sold at an average price of $285.43, for a total value of $351,364.33. Following the sale, the senior vice president now owns 3,650 shares in the company, valued at $1,041,819.50. The trade was a 25.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 4,352 shares of company stock worth $1,246,298. Insiders own 0.68% of the company’s stock.

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.