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

Parallel Advisors LLC reduced its holdings in Rockwell Automation, Inc. (NYSE:ROKFree Report) by 6.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,398 shares of the industrial products company’s stock after selling 92 shares during the period. Parallel Advisors LLC’s holdings in Rockwell Automation were worth $434,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Bruce G. Allen Investments LLC purchased a new stake in Rockwell Automation in the 4th quarter worth $27,000. Provence Wealth Management Group acquired a new stake in Rockwell Automation in the 3rd quarter worth about $27,000. Fortitude Family Office LLC purchased a new stake in Rockwell Automation during the 4th quarter worth approximately $46,000. Cape Investment Advisory Inc. purchased a new position in shares of Rockwell Automation in the fourth quarter valued at approximately $54,000. Finally, McGlone Suttner Wealth Management Inc. purchased a new stake in shares of Rockwell Automation during the fourth quarter worth approximately $60,000. 75.75% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Rockwell Automation

In other news, VP John M. Miller sold 467 shares of the firm’s stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $273.27, for a total value of $127,617.09. Following the completion of the sale, the vice president now directly owns 4,800 shares of the company’s stock, valued at approximately $1,311,696. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, VP Scott Genereux sold 500 shares of Rockwell Automation stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $290.00, for a total transaction of $145,000.00. Following the completion of the sale, the vice president now directly owns 2,383 shares in the company, valued at approximately $691,070. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP John M. Miller sold 467 shares of the firm’s stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $273.27, for a total value of $127,617.09. Following the completion of the transaction, the vice president now directly owns 4,800 shares of the company’s stock, valued at $1,311,696. The disclosure for this sale can be found here. Insiders sold a total of 2,956 shares of company stock worth $845,787 over the last 90 days. Company insiders own 0.68% of the company’s stock.

Rockwell Automation Price Performance

Shares of NYSE ROK opened at $257.53 on Friday. The stock has a market cap of $29.36 billion, a P/E ratio of 25.17, a P/E/G ratio of 4.01 and a beta of 1.43. Rockwell Automation, Inc. has a twelve month low of $252.11 and a twelve month high of $348.52. The stock has a 50 day moving average of $275.11 and a two-hundred day moving average of $283.48. The company has a current ratio of 1.11, a quick ratio of 0.74 and a debt-to-equity ratio of 0.69.

Rockwell Automation (NYSE:ROKGet Free Report) last released its quarterly earnings results on Wednesday, May 8th. The industrial products company reported $2.50 EPS for the quarter, beating the consensus estimate of $2.15 by $0.35. Rockwell Automation had a net margin of 13.19% and a return on equity of 34.83%. The firm had revenue of $2.13 billion during the quarter, compared to the consensus estimate of $2.05 billion. During the same quarter in the prior year, the firm earned $3.01 EPS. Rockwell Automation’s revenue for the quarter was down 6.6% on a year-over-year basis. On average, research analysts forecast that Rockwell Automation, Inc. will post 10.16 earnings per share for the current year.

Rockwell Automation Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Monday, May 13th will be paid a $1.25 dividend. The ex-dividend date is Friday, May 10th. This represents a $5.00 annualized dividend and a yield of 1.94%. Rockwell Automation’s dividend payout ratio is currently 48.88%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on ROK. Barclays reduced their target price on shares of Rockwell Automation from $265.00 to $260.00 and set an “underweight” rating for the company in a research report on Wednesday, May 8th. Robert W. Baird dropped their price target on Rockwell Automation from $310.00 to $304.00 and set an “outperform” rating for the company in a research report on Wednesday, May 8th. Citigroup reduced their target price on shares of Rockwell Automation from $322.00 to $316.00 and set a “buy” rating on the stock in a research note on Wednesday, May 8th. Mizuho reduced their price target on shares of Rockwell Automation from $265.00 to $260.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 8th. Finally, JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $254.00 target price on shares of Rockwell Automation in a research note on Thursday, March 21st. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $307.93.

Get Our Latest Stock Report on Rockwell Automation

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.

Further Reading

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

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