Rockwell Automation, Inc. (NYSE:ROK) Shares Sold by Focus Partners Wealth

Focus Partners Wealth reduced its position in shares of Rockwell Automation, Inc. (NYSE:ROK) by 7.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,084 shares of the industrial products company’s stock after selling 858 shares during the period. Focus Partners Wealth’s holdings in Rockwell Automation were worth $3,337,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Bank of Jackson Hole Trust bought a new position in Rockwell Automation in the 4th quarter valued at about $34,000. SBI Securities Co. Ltd. purchased a new stake in shares of Rockwell Automation in the 4th quarter valued at approximately $35,000. Parvin Asset Management LLC acquired a new stake in shares of Rockwell Automation in the fourth quarter worth $36,000. Flagship Wealth Advisors LLC purchased a new position in Rockwell Automation during the fourth quarter valued at approximately $38,000. Finally, Knuff & Co LLC increased its stake in shares of Rockwell Automation by 41.0% in the fourth quarter. Knuff & Co LLC now owns 141 shares of the industrial products company’s stock worth $40,000 after acquiring an additional 41 shares during the last quarter. 75.75% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have commented on ROK. Oppenheimer boosted their target price on shares of Rockwell Automation from $258.00 to $304.00 and gave the stock an “outperform” rating in a research report on Thursday, May 8th. Citigroup raised their price objective on Rockwell Automation from $283.00 to $327.00 and gave the stock a “buy” rating in a research report on Thursday, May 8th. Stephens raised shares of Rockwell Automation from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $275.00 to $350.00 in a research note on Thursday, January 16th. BNP Paribas upgraded Rockwell Automation from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 9th. Finally, The Goldman Sachs Group lifted their target price on shares of Rockwell Automation from $257.00 to $290.00 and gave the company a “sell” rating in a research note on Tuesday, February 11th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $308.89.

Insider Buying and Selling at Rockwell Automation

In other Rockwell Automation news, VP Terry L. Riesterer sold 2,500 shares of the business’s stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $304.13, for a total value of $760,325.00. Following the completion of the sale, the vice president now owns 1,033 shares of the company’s stock, valued at $314,166.29. The trade was a 70.76% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Isaac Woods sold 876 shares of the firm’s stock in a transaction on Friday, February 28th. The stock was sold at an average price of $284.03, for a total value of $248,810.28. Following the completion of the transaction, the vice president now owns 1,057 shares in the company, valued at $300,219.71. The trade was a 45.32% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 6,839 shares of company stock worth $2,014,256 over the last 90 days. Company insiders own 0.68% of the company’s stock.

Rockwell Automation Trading Up 0.0%

Shares of NYSE ROK opened at $307.69 on Friday. Rockwell Automation, Inc. has a twelve month low of $215.00 and a twelve month high of $310.78. 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 stock has a market cap of $34.68 billion, a price-to-earnings ratio of 38.32, a P/E/G ratio of 3.53 and a beta of 1.32. The company’s fifty day moving average is $254.50 and its 200-day moving average is $274.74.

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

Rockwell Automation Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Monday, May 19th will be paid 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 dividend yield of 1.70%. Rockwell Automation’s dividend payout ratio is presently 65.99%.

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.