Davis Investment Partners LLC Sells 200 Shares of Rockwell Automation, Inc. (NYSE:ROK)

Davis Investment Partners LLC reduced its position in Rockwell Automation, Inc. (NYSE:ROK) by 9.2% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,985 shares of the industrial products company’s stock after selling 200 shares during the quarter. Davis Investment Partners LLC’s holdings in Rockwell Automation were worth $513,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Bank of Jackson Hole Trust bought a new position in shares of Rockwell Automation in the fourth quarter valued at approximately $34,000. SBI Securities Co. Ltd. purchased a new stake in Rockwell Automation in the fourth quarter valued at approximately $35,000. Parvin Asset Management LLC purchased a new stake in Rockwell Automation in the fourth quarter valued at approximately $36,000. Flagship Wealth Advisors LLC purchased a new stake in Rockwell Automation in the fourth quarter valued at approximately $38,000. Finally, Knuff & Co LLC raised its stake 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 purchasing an additional 41 shares in the last quarter. 75.75% of the stock is currently owned by institutional investors.

Insider Activity at Rockwell Automation

In related news, SVP Tessa M. Myers sold 363 shares of Rockwell Automation stock in a transaction on Monday, June 9th. The shares were sold at an average price of $326.32, for a total value of $118,454.16. Following the sale, the senior vice president now owns 4,063 shares in the company, valued at $1,325,838.16. The trade was a 8.20% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Matthew W. Fordenwalt sold 500 shares of Rockwell Automation stock in a transaction on Friday, May 9th. The shares were sold at an average price of $295.01, for a total transaction of $147,505.00. Following the completion of the sale, the senior vice president now owns 2,838 shares in the company, valued at approximately $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 a total of 7,681 shares of company stock worth $2,382,987 over the last quarter. Corporate insiders own 0.68% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on ROK shares. Barclays raised shares of Rockwell Automation from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $283.00 to $350.00 in a research note on Friday, May 30th. JPMorgan Chase & Co. raised their target price on shares of Rockwell Automation from $271.00 to $299.00 and gave the company a “neutral” rating in a research note on Friday, May 16th. BNP Paribas raised shares of Rockwell Automation from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 9th. Loop Capital raised their target price on shares of Rockwell Automation from $280.00 to $290.00 and gave the company a “hold” rating in a research note on Thursday, May 15th. Finally, Citigroup lifted their price target on shares of Rockwell Automation from $327.00 to $371.00 and gave the stock a “buy” rating in a research note on Wednesday, June 4th. One analyst has rated the stock with a sell rating, seven have given a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $316.21.

Rockwell Automation Stock Down 0.1%

Shares of NYSE ROK opened at $325.06 on Thursday. The company has a quick ratio of 0.72, a current ratio of 1.08 and a debt-to-equity ratio of 0.72. Rockwell Automation, Inc. has a 52 week low of $215.00 and a 52 week high of $328.90. The firm’s fifty day moving average is $275.52 and its 200 day moving average is $279.56. The company has a market cap of $36.64 billion, a price-to-earnings ratio of 40.48, a PEG ratio of 3.53 and a beta of 1.38.

Rockwell Automation (NYSE:ROK) last issued its earnings results on Wednesday, May 7th. The industrial products company reported $2.45 EPS 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 for the quarter, compared to the consensus estimate of $1.97 billion. During the same period in the previous year, the firm earned $2.50 earnings per share. The firm’s revenue for the quarter was down 5.9% on a year-over-year basis. On average, equities 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 was paid on Tuesday, June 10th. Investors of record on Monday, May 19th were issued a $1.31 dividend. This represents a $5.24 annualized dividend and a yield of 1.61%. The ex-dividend date was Monday, May 19th. Rockwell Automation’s dividend payout ratio (DPR) is currently 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.