Rockwell Automation, Inc. (NYSE:ROK) Shares Sold by Procyon Advisors LLC

Procyon Advisors LLC lowered its holdings in Rockwell Automation, Inc. (NYSE:ROKFree Report) by 6.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,666 shares of the industrial products company’s stock after selling 112 shares during the quarter. Procyon Advisors LLC’s holdings in Rockwell Automation were worth $517,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in shares of Rockwell Automation by 0.9% during the 1st quarter. Vanguard Group Inc. now owns 11,472,877 shares of the industrial products company’s stock worth $3,212,750,000 after buying an additional 106,641 shares during the last quarter. BlackRock Inc. increased its position in Rockwell Automation by 1.8% during the 2nd quarter. BlackRock Inc. now owns 9,145,544 shares of the industrial products company’s stock worth $3,013,000,000 after purchasing an additional 162,391 shares in the last quarter. State Street Corp increased its position in Rockwell Automation by 2.0% during the 2nd quarter. State Street Corp now owns 4,518,655 shares of the industrial products company’s stock worth $1,488,671,000 after purchasing an additional 90,589 shares in the last quarter. JPMorgan Chase & Co. increased its position in Rockwell Automation by 2.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,752,223 shares of the industrial products company’s stock worth $786,778,000 after purchasing an additional 70,272 shares in the last quarter. Finally, Morgan Stanley grew its holdings in Rockwell Automation by 20.0% in the 4th quarter. Morgan Stanley now owns 2,741,019 shares of the industrial products company’s stock valued at $706,004,000 after buying an additional 457,383 shares during the period. Institutional investors and hedge funds own 75.75% of the company’s stock.

Insider Transactions at Rockwell Automation

In other news, CFO Nicholas C. Gangestad sold 1,989 shares of the stock in a transaction on Monday, March 4th. The stock was sold at an average price of $288.17, for a total value of $573,170.13. Following the completion of the transaction, the chief financial officer now owns 12,217 shares of the company’s stock, valued at $3,520,572.89. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, CEO Blake D. Moret acquired 3,500 shares of the business’s stock in a transaction dated Monday, February 12th. The stock was acquired at an average price of $283.64 per share, for a total transaction of $992,740.00. Following the completion of the acquisition, the chief executive officer now directly owns 77,215 shares in the company, valued at approximately $21,901,262.60. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Nicholas C. Gangestad sold 1,989 shares of the company’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $288.17, for a total value of $573,170.13. Following the completion of the sale, the chief financial officer now owns 12,217 shares of the company’s stock, valued at approximately $3,520,572.89. The disclosure for this sale can be found here. Over the last quarter, insiders sold 17,877 shares of company stock valued at $5,058,772. 0.68% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts have commented on the company. JPMorgan Chase & Co. restated an “underweight” rating and issued a $254.00 price target on shares of Rockwell Automation in a report on Thursday, March 21st. Berenberg Bank restated a “hold” rating and issued a $290.00 price target (down previously from $330.00) on shares of Rockwell Automation in a report on Wednesday, March 6th. UBS Group upgraded Rockwell Automation from a “neutral” rating to a “buy” rating and lifted their price target for the company from $305.00 to $360.00 in a report on Wednesday, January 3rd. Oppenheimer decreased their target price on Rockwell Automation from $324.00 to $300.00 and set an “outperform” rating for the company in a report on Thursday, February 1st. Finally, Wells Fargo & Company decreased their target price on Rockwell Automation from $357.00 to $320.00 and set an “overweight” rating for the company in a report on Thursday, February 1st. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $308.36.

Check Out Our Latest Stock Report on ROK

Rockwell Automation Stock Performance

Shares of ROK opened at $291.33 on Friday. The company has a quick ratio of 0.80, a current ratio of 1.25 and a debt-to-equity ratio of 0.76. The firm has a market cap of $33.38 billion, a price-to-earnings ratio of 27.72, a PEG ratio of 2.73 and a beta of 1.43. Rockwell Automation, Inc. has a 52-week low of $252.11 and a 52-week high of $348.52. The business’s 50 day moving average is $284.45 and its two-hundred day moving average is $284.56.

Rockwell Automation (NYSE:ROKGet Free Report) last posted its quarterly earnings results on Wednesday, January 31st. The industrial products company reported $2.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.62 by ($0.58). The firm had revenue of $2.05 billion for the quarter, compared to analyst estimates of $2.08 billion. Rockwell Automation had a net margin of 13.35% and a return on equity of 37.22%. During the same period in the prior year, the company posted $2.46 earnings per share. Analysts forecast that Rockwell Automation, Inc. will post 12.29 EPS for the current fiscal year.

Rockwell Automation Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 11th. Investors of record on Tuesday, February 20th were paid a dividend of $1.25 per share. The ex-dividend date was Friday, February 16th. This represents a $5.00 dividend on an annualized basis and a yield of 1.72%. Rockwell Automation’s payout ratio is currently 47.57%.

About Rockwell Automation

(Free Report)

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.

Read More

Institutional Ownership by Quarter for Rockwell Automation (NYSE:ROK)

Receive News & Ratings for Rockwell Automation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rockwell Automation and related companies with MarketBeat.com's FREE daily email newsletter.