Rockwell Automation, Inc. (NYSE:ROK) Shares Sold by Centaurus Financial Inc.

Centaurus Financial Inc. cut its holdings in Rockwell Automation, Inc. (NYSE:ROK) by 6.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,815 shares of the industrial products company’s stock after selling 545 shares during the period. Centaurus Financial Inc.’s holdings in Rockwell Automation were worth $2,293,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of ROK. Advisory Services Network LLC raised its holdings in Rockwell Automation by 3.7% during the first quarter. Advisory Services Network LLC now owns 8,968 shares of the industrial products company’s stock worth $2,632,000 after purchasing an additional 319 shares in the last quarter. Rockefeller Capital Management L.P. grew its position in shares of Rockwell Automation by 1.4% in the 1st quarter. Rockefeller Capital Management L.P. now owns 31,593 shares of the industrial products company’s stock valued at $9,270,000 after buying an additional 443 shares during the last quarter. Chevy Chase Trust Holdings LLC raised its stake in Rockwell Automation by 1.0% during the 1st quarter. Chevy Chase Trust Holdings LLC now owns 67,239 shares of the industrial products company’s stock worth $19,731,000 after acquiring an additional 649 shares in the last quarter. Sunbelt Securities Inc. purchased a new stake in Rockwell Automation in the first quarter valued at $146,000. Finally, KB Financial Partners LLC acquired a new position in Rockwell Automation in the first quarter valued at $86,000. 80.84% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, SVP Tessa M. Myers sold 677 shares of the company’s stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of $301.18, for a total value of $203,898.86. Following the sale, the senior vice president now owns 2,880 shares in the company, valued at approximately $867,398.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Rockwell Automation news, VP Scott Genereux sold 500 shares of the company’s stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $297.62, for a total value of $148,810.00. Following the sale, the vice president now owns 2,876 shares of the company’s stock, valued at $855,955.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Tessa M. Myers sold 677 shares of the firm’s stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of $301.18, for a total transaction of $203,898.86. Following the transaction, the senior vice president now directly owns 2,880 shares of the company’s stock, valued at $867,398.40. The disclosure for this sale can be found here. In the last three months, insiders sold 1,327 shares of company stock worth $401,459. Company insiders own 0.64% of the company’s stock.

Wall Street Analysts Forecast Growth

ROK has been the topic of a number of research analyst reports. Morgan Stanley lifted their target price on Rockwell Automation from $340.00 to $345.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 2nd. Wells Fargo & Company upgraded Rockwell Automation from an “underweight” rating to an “equal weight” rating and boosted their price objective for the company from $290.00 to $317.00 in a research note on Tuesday, August 29th. They noted that the move was a valuation call. StockNews.com began coverage on shares of Rockwell Automation in a research report on Thursday, August 17th. They set a “hold” rating on the stock. Citigroup upped their price target on shares of Rockwell Automation from $334.00 to $375.00 in a research report on Monday, July 10th. Finally, Barclays downgraded shares of Rockwell Automation from an “equal weight” rating to an “underweight” rating and lowered their price objective for the stock from $300.00 to $287.00 in a research report on Wednesday, August 30th. Four investment analysts have rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $289.00.

Rockwell Automation Trading Down 1.2 %

Shares of ROK stock opened at $285.47 on Thursday. The business’s fifty day moving average price is $314.49 and its 200 day moving average price is $298.55. The firm has a market capitalization of $32.79 billion, a PE ratio of 23.28, a P/E/G ratio of 2.06 and a beta of 1.45. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.12 and a quick ratio of 0.76. Rockwell Automation, Inc. has a 1-year low of $209.27 and a 1-year high of $348.52.

Rockwell Automation (NYSE:ROK) last posted its quarterly earnings results on Tuesday, August 1st. The industrial products company reported $3.01 earnings per share for the quarter, missing analysts’ consensus estimates of $3.19 by ($0.18). Rockwell Automation had a return on equity of 40.33% and a net margin of 16.51%. The company had revenue of $2.24 billion for the quarter, compared to analyst estimates of $2.33 billion. During the same period last year, the company earned $2.66 earnings per share. The business’s revenue for the quarter was up 13.7% compared to the same quarter last year. As a group, sell-side analysts forecast that Rockwell Automation, Inc. will post 11.94 EPS for the current fiscal year.

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.