FORA Capital LLC Sells 13,150 Shares of Rockwell Automation, Inc. (NYSE:ROK)

FORA Capital LLC trimmed its position in shares of Rockwell Automation, Inc. (NYSE:ROK) by 77.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,772 shares of the industrial products company’s stock after selling 13,150 shares during the quarter. FORA Capital LLC’s holdings in Rockwell Automation were worth $1,078,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of ROK. West Oak Capital LLC grew its position in shares of 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 acquiring an additional 82 shares during the period. Bank of Jackson Hole Trust purchased a new position in Rockwell Automation during the fourth quarter valued at $34,000. SBI Securities Co. Ltd. bought a new stake in Rockwell Automation during the fourth quarter valued at about $35,000. Parvin Asset Management LLC purchased a new stake in Rockwell Automation in the fourth quarter worth about $36,000. Finally, Flagship Wealth Advisors LLC bought a new position in shares of Rockwell Automation in the fourth quarter worth about $38,000. 75.75% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on ROK shares. TD Cowen raised shares of Rockwell Automation from a “sell” rating to a “hold” rating and set a $275.00 target price for the company in a report on Friday. Loop Capital increased their price objective on shares of Rockwell Automation from $260.00 to $280.00 and gave the stock a “hold” rating in a research note on Tuesday, February 25th. Oppenheimer lifted their target price on shares of Rockwell Automation from $258.00 to $304.00 and gave the company an “outperform” rating in a research note on Thursday. Stephens upgraded Rockwell Automation from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $275.00 to $350.00 in a research note on Thursday, January 16th. Finally, The Goldman Sachs Group boosted their price objective on Rockwell Automation from $257.00 to $290.00 and gave the company a “sell” rating in a research report on Tuesday, February 11th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Rockwell Automation currently has a consensus rating of “Moderate Buy” and a consensus target price of $308.37.

Insider Buying and Selling at Rockwell Automation

In related news, SVP Tessa M. Myers sold 1,231 shares of the firm’s stock in a transaction that occurred on Friday, February 28th. The shares were 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 of the company’s stock, valued at $1,041,819.50. This trade represents a 25.22 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Matthew W. Fordenwalt sold 500 shares of the business’s stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of $295.01, for a total transaction of $147,505.00. Following the transaction, the senior vice president now owns 2,838 shares of the company’s stock, valued at $837,238.38. This trade represents a 14.98 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 4,250 shares of company stock valued at $1,223,428 in the last quarter. Corporate insiders own 0.68% of the company’s stock.

Rockwell Automation Stock Up 1.2 %

Shares of NYSE:ROK opened at $294.88 on Friday. Rockwell Automation, Inc. has a 52-week low of $215.00 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 fifty day moving average of $251.89 and a two-hundred day moving average of $273.72. The stock has a market cap of $33.34 billion, a P/E ratio of 36.72, a PEG ratio of 3.53 and a beta of 1.32.

Rockwell Automation (NYSE:ROK) last announced its earnings results on Wednesday, May 7th. The industrial products company reported $2.45 earnings per share for the quarter, topping the consensus estimate of $2.09 by $0.36. Rockwell Automation had a net margin of 11.38% and a return on equity of 30.17%. The company had revenue of $2 billion during the quarter, compared to analyst estimates of $1.97 billion. During the same quarter last year, the firm posted $2.50 earnings per share. Rockwell Automation’s revenue was down 5.9% compared to the same quarter last year. On average, research analysts expect that Rockwell Automation, Inc. will post 9.35 earnings per share for the current year.

Rockwell Automation Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Monday, May 19th will be issued a dividend of $1.31 per share. The ex-dividend date of this dividend is Monday, May 19th. This represents a $5.24 annualized dividend and a yield of 1.78%. Rockwell Automation’s dividend payout ratio (DPR) is 65.99%.

Rockwell Automation Company 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.