Perigon Wealth Management LLC Lowers Stake in Rockwell Automation, Inc. (NYSE:ROK)

Perigon Wealth Management LLC lowered its stake in shares of Rockwell Automation, Inc. (NYSE:ROK) by 11.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 964 shares of the industrial products company’s stock after selling 122 shares during the period. Perigon Wealth Management LLC’s holdings in Rockwell Automation were worth $299,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of ROK. Markel Corp lifted its holdings in Rockwell Automation by 1.3% during the first quarter. Markel Corp now owns 152,900 shares of the industrial products company’s stock worth $42,816,000 after buying an additional 2,000 shares during the period. Sei Investments Co. lifted its holdings in Rockwell Automation by 10.3% during the first quarter. Sei Investments Co. now owns 57,480 shares of the industrial products company’s stock worth $16,221,000 after buying an additional 5,386 shares during the period. Prudential PLC purchased a new stake in Rockwell Automation during the first quarter worth $642,000. Sequoia Financial Advisors LLC lifted its holdings in Rockwell Automation by 3.0% during the first quarter. Sequoia Financial Advisors LLC now owns 3,649 shares of the industrial products company’s stock worth $1,021,000 after buying an additional 107 shares during the period. Finally, Vanguard Group Inc. lifted its holdings in Rockwell Automation by 0.9% during the first 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 period. Hedge funds and other institutional investors own 75.75% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Berenberg Bank reaffirmed a “hold” rating and set a $290.00 price target (down from $330.00) on shares of Rockwell Automation in a research report on Wednesday, March 6th. UBS Group raised Rockwell Automation from a “neutral” rating to a “buy” rating and upped their target price for the company from $305.00 to $360.00 in a research report on Wednesday, January 3rd. JPMorgan Chase & Co. reissued an “underweight” rating and issued a $254.00 target price on shares of Rockwell Automation in a research report on Thursday, March 21st. Oppenheimer cut their target price on Rockwell Automation from $324.00 to $300.00 and set an “outperform” rating on the stock in a research report on Thursday, February 1st. Finally, Mizuho cut their target price on Rockwell Automation from $300.00 to $265.00 and set a “neutral” rating on the stock in a research report on Thursday, February 1st. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $310.08.

Insider Transactions at Rockwell Automation

In other news, VP Scott Genereux sold 500 shares of the stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $290.00, for a total transaction of $145,000.00. Following the sale, the vice president now directly owns 2,383 shares of the company’s stock, valued at approximately $691,070. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, VP Scott Genereux sold 500 shares of the stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $290.00, for a total transaction of $145,000.00. Following the sale, the vice president now directly owns 2,383 shares of the company’s stock, valued at approximately $691,070. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Blake D. Moret bought 3,500 shares of the stock in a transaction dated Monday, February 12th. The shares were purchased at an average cost of $283.64 per share, for a total transaction of $992,740.00. Following the completion of the purchase, the chief executive officer now owns 77,215 shares in the company, valued at $21,901,262.60. The disclosure for this purchase can be found here. Insiders have sold a total of 17,877 shares of company stock valued at $5,058,772 in the last ninety days. 0.68% of the stock is currently owned by corporate insiders.

Rockwell Automation Price Performance

Shares of ROK opened at $281.42 on Wednesday. The business’s 50-day moving average is $283.05 and its two-hundred day moving average is $284.38. The company has a market capitalization of $32.25 billion, a P/E ratio of 26.78, a P/E/G ratio of 2.87 and a beta of 1.43. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.80 and a current ratio of 1.25. Rockwell Automation, Inc. has a fifty-two week low of $252.11 and a fifty-two week high of $348.52.

Rockwell Automation (NYSE:ROK) last announced its quarterly earnings results on Wednesday, January 31st. The industrial products company reported $2.04 earnings per share for the quarter, missing the consensus estimate of $2.62 by ($0.58). The company had revenue of $2.05 billion for the quarter, compared to analyst estimates of $2.08 billion. Rockwell Automation had a return on equity of 37.22% and a net margin of 13.35%. During the same period in the prior year, the business posted $2.46 earnings per share. Research analysts predict that Rockwell Automation, Inc. will post 12.03 earnings per share for the current year.

Rockwell Automation Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Monday, May 13th will be paid a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a dividend yield of 1.78%. The ex-dividend date is Friday, May 10th. Rockwell Automation’s payout ratio is currently 47.57%.

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.