Jones Financial Companies Lllp Has $91,000 Stock Position in Rockwell Automation, Inc. (NYSE:ROK)

Jones Financial Companies Lllp reduced its stake in Rockwell Automation, Inc. (NYSE:ROKFree Report) by 12.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 292 shares of the industrial products company’s stock after selling 43 shares during the quarter. Jones Financial Companies Lllp’s holdings in Rockwell Automation were worth $91,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ROK. International Assets Investment Management LLC lifted its stake in shares of Rockwell Automation by 33,600.1% in the fourth quarter. International Assets Investment Management LLC now owns 295,213 shares of the industrial products company’s stock worth $91,658,000 after acquiring an additional 294,337 shares during the period. TimesSquare Capital Management LLC bought a new stake in Rockwell Automation in the third quarter worth approximately $38,275,000. Nordea Investment Management AB increased its holdings in Rockwell Automation by 35.6% in the third quarter. Nordea Investment Management AB now owns 484,438 shares of the industrial products company’s stock worth $139,247,000 after purchasing an additional 127,303 shares in the last quarter. Qube Research & Technologies Ltd increased its holdings in Rockwell Automation by 1,294.7% in the third quarter. Qube Research & Technologies Ltd now owns 127,891 shares of the industrial products company’s stock worth $36,560,000 after purchasing an additional 118,721 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale increased its holdings in Rockwell Automation by 27.0% in the fourth quarter. DekaBank Deutsche Girozentrale now owns 420,099 shares of the industrial products company’s stock worth $129,247,000 after purchasing an additional 89,207 shares in the last quarter. 75.75% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Rockwell Automation news, VP John M. Miller sold 467 shares of the business’s stock in a transaction 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 transaction, the vice president now owns 4,800 shares of the company’s stock, valued at $1,311,696. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, VP John M. Miller sold 467 shares of the company’s stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $273.27, for a total transaction of $127,617.09. Following the transaction, the vice president now owns 4,800 shares of the company’s stock, valued at approximately $1,311,696. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Cyril Perducat sold 659 shares of the company’s stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $260.11, for a total value of $171,412.49. Following the transaction, the senior vice president now directly owns 4,630 shares in the company, valued at approximately $1,204,309.30. The disclosure for this sale can be found here. Insiders own 0.68% of the company’s stock.

Rockwell Automation Trading Up 1.8 %

Shares of Rockwell Automation stock opened at $259.54 on Thursday. The stock has a fifty day simple moving average of $273.40 and a 200 day simple moving average of $283.27. Rockwell Automation, Inc. has a 12-month low of $251.28 and a 12-month high of $348.52. The company has a market capitalization of $29.59 billion, a P/E ratio of 25.37, a price-to-earnings-growth ratio of 3.98 and a beta of 1.37. 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 posted its quarterly earnings data on Wednesday, May 8th. The industrial products company reported $2.50 earnings per share for the quarter, topping the consensus estimate of $2.15 by $0.35. Rockwell Automation had a return on equity of 34.83% and a net margin of 13.19%. The business had revenue of $2.13 billion for the quarter, compared to analysts’ expectations of $2.05 billion. During the same quarter in the previous year, the firm earned $3.01 earnings per share. The business’s revenue was down 6.6% on a year-over-year basis. On average, sell-side analysts anticipate that Rockwell Automation, Inc. will post 10.16 earnings per share for the current fiscal year.

Rockwell Automation Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th. Shareholders of record on Monday, August 12th will be given a $1.25 dividend. This represents a $5.00 annualized dividend and a yield of 1.93%. Rockwell Automation’s dividend payout ratio is currently 48.88%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on ROK shares. Loop Capital lowered their target price on Rockwell Automation from $300.00 to $290.00 and set a “hold” rating for the company in a report on Tuesday, May 14th. Citigroup lowered their target price on Rockwell Automation from $322.00 to $316.00 and set a “buy” rating for the company in a report on Wednesday, May 8th. Wells Fargo & Company lowered their target price on Rockwell Automation from $320.00 to $312.00 and set an “overweight” rating for the company in a report on Wednesday, May 8th. Robert W. Baird decreased their price objective on Rockwell Automation from $310.00 to $304.00 and set an “outperform” rating for the company in a report on Wednesday, May 8th. Finally, Barclays decreased their price objective on Rockwell Automation from $260.00 to $250.00 and set an “underweight” rating for the company in a report on Tuesday. Two 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 data from MarketBeat, Rockwell Automation has an average rating of “Hold” and an average price target of $307.21.

View Our Latest Stock Report on Rockwell Automation

Rockwell Automation Profile

(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.

See Also

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

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