Jump Financial LLC Sells 476 Shares of Rockwell Automation, Inc. (NYSE:ROK)

Jump Financial LLC cut its stake in Rockwell Automation, Inc. (NYSE:ROK) by 2.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 17,961 shares of the industrial products company’s stock after selling 476 shares during the quarter. Jump Financial LLC’s holdings in Rockwell Automation were worth $5,133,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the stock. Wellington Management Group LLP lifted its holdings in shares of Rockwell Automation by 7.3% during the 3rd quarter. Wellington Management Group LLP now owns 789 shares of the industrial products company’s stock valued at $212,000 after buying an additional 54 shares during the period. Virtu Financial LLC bought a new position in Rockwell Automation in the third quarter valued at about $1,348,000. Wilmington Savings Fund Society FSB purchased a new position in Rockwell Automation in the third quarter worth about $464,000. Tidal Investments LLC grew its stake in shares of Rockwell Automation by 4.3% during the 3rd quarter. Tidal Investments LLC now owns 8,404 shares of the industrial products company’s stock valued at $2,256,000 after purchasing an additional 350 shares during the period. Finally, Principal Financial Group Inc. increased its position in shares of Rockwell Automation by 5.8% during the 3rd quarter. Principal Financial Group Inc. now owns 204,679 shares of the industrial products company’s stock valued at $54,948,000 after purchasing an additional 11,161 shares during the last quarter. 75.75% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Rockwell Automation

In related news, VP Terry L. Riesterer sold 850 shares of Rockwell Automation stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $300.21, for a total value of $255,178.50. Following the completion of the transaction, the vice president now owns 1,633 shares in the company, valued at approximately $490,242.93. This trade represents a 34.23 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Tessa M. Myers sold 1,231 shares of the business’s stock in a transaction that occurred 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 directly 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. Over the last ninety days, insiders sold 3,750 shares of company stock valued at $1,075,923. 0.68% of the stock is owned by corporate insiders.

Rockwell Automation Stock Performance

ROK opened at $228.13 on Thursday. The stock has a market capitalization of $25.80 billion, a price-to-earnings ratio of 28.41, a PEG ratio of 3.53 and a beta of 1.39. Rockwell Automation, Inc. has a fifty-two week low of $215.00 and a fifty-two week high of $308.70. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.72 and a current ratio of 1.08. The company has a fifty day moving average of $265.88 and a 200 day moving average of $275.78.

Rockwell Automation (NYSE:ROK) last issued its earnings results on Monday, February 10th. The industrial products company reported $1.83 earnings per share (EPS) for the quarter, topping 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%. As a group, sell-side analysts forecast that Rockwell Automation, Inc. will post 9.35 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 Tuesday, June 10th. Stockholders of record on Monday, May 19th will be given a dividend of $1.31 per share. The ex-dividend date is Monday, May 19th. This represents a $5.24 dividend on an annualized basis and a dividend yield of 2.30%. Rockwell Automation’s dividend payout ratio is currently 65.26%.

Analysts Set New Price Targets

Several analysts recently issued reports on ROK shares. Citigroup cut their target price on shares of Rockwell Automation from $350.00 to $283.00 and set a “buy” rating for the company in a research report on Monday. Wells Fargo & Company upped their price objective on Rockwell Automation from $315.00 to $337.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 11th. BNP Paribas upgraded Rockwell Automation from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, April 9th. The Goldman Sachs Group upped their price target on Rockwell Automation from $257.00 to $290.00 and gave the stock a “sell” rating in a research report on Tuesday, February 11th. Finally, Barclays lowered their price objective on Rockwell Automation from $280.00 to $260.00 and set an “equal weight” rating on the stock in a research report on Thursday, April 10th. Three analysts have rated the stock with a sell rating, six have given a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Rockwell Automation presently has an average rating of “Hold” and a consensus target price of $297.11.

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.