Crossmark Global Holdings Inc. Sells 207 Shares of Rockwell Automation, Inc. (NYSE:ROK)

Crossmark Global Holdings Inc. lessened its holdings in Rockwell Automation, Inc. (NYSE:ROKFree Report) by 2.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,313 shares of the industrial products company’s stock after selling 207 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Rockwell Automation were worth $2,271,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. International Assets Investment Management LLC raised its holdings in Rockwell Automation by 33,600.1% during 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 in the last quarter. Kodai Capital Management LP bought a new stake in shares of Rockwell Automation during the 4th quarter worth approximately $43,222,000. TimesSquare Capital Management LLC acquired a new stake in shares of Rockwell Automation in the 3rd quarter valued at approximately $38,275,000. Nordea Investment Management AB grew its stake in shares of 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 valued at $139,247,000 after buying an additional 127,303 shares in the last quarter. Finally, Qube Research & Technologies Ltd increased its holdings in Rockwell Automation by 1,294.7% during the third quarter. Qube Research & Technologies Ltd now owns 127,891 shares of the industrial products company’s stock worth $36,560,000 after buying an additional 118,721 shares during the last quarter. Institutional investors and hedge funds own 75.75% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Loop Capital cut their price target on shares of Rockwell Automation from $300.00 to $290.00 and set a “hold” rating for the company in a research note on Tuesday, May 14th. Mizuho cut their target price on shares of Rockwell Automation from $265.00 to $260.00 and set a “neutral” rating for the company in a research note on Wednesday, May 8th. JPMorgan Chase & Co. reissued an “underweight” rating and set a $254.00 price target on shares of Rockwell Automation in a research report on Thursday, March 21st. Wells Fargo & Company cut their price objective on Rockwell Automation from $320.00 to $312.00 and set an “overweight” rating for the company in a research report on Wednesday, May 8th. Finally, Barclays dropped their price target on Rockwell Automation from $260.00 to $250.00 and set an “underweight” rating on the stock in a research note on Tuesday. Two analysts have rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, Rockwell Automation has a consensus rating of “Hold” and an average price target of $307.21.

Get Our Latest Report on ROK

Rockwell Automation Stock Performance

Shares of NYSE:ROK opened at $255.91 on Friday. The company has a quick ratio of 0.74, a current ratio of 1.11 and a debt-to-equity ratio of 0.69. Rockwell Automation, Inc. has a 12-month low of $251.28 and a 12-month high of $348.52. The company’s 50 day moving average price is $271.97 and its two-hundred day moving average price is $282.97. The firm has a market cap of $29.17 billion, a PE ratio of 25.02, a PEG ratio of 3.99 and a beta of 1.37.

Rockwell Automation (NYSE:ROKGet Free Report) last posted its quarterly earnings data on Wednesday, May 8th. The industrial products company reported $2.50 EPS for the quarter, topping analysts’ consensus estimates of $2.15 by $0.35. The firm had revenue of $2.13 billion for the quarter, compared to analyst estimates of $2.05 billion. Rockwell Automation had a return on equity of 34.83% and a net margin of 13.19%. The company’s revenue was down 6.6% on a year-over-year basis. During the same quarter last year, the company earned $3.01 EPS. Equities research analysts predict that Rockwell Automation, Inc. will post 10.14 earnings per share for the current year.

Rockwell Automation Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Monday, August 12th will be issued a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.95%. The ex-dividend date is Monday, August 12th. Rockwell Automation’s dividend payout ratio (DPR) is presently 48.88%.

Insider Buying and Selling

In other Rockwell Automation news, SVP Tessa M. Myers sold 248 shares of the business’s stock in a transaction that occurred on Friday, June 7th. The shares were sold at an average price of $256.37, for a total transaction of $63,579.76. Following the completion of the transaction, the senior vice president now directly owns 4,246 shares in the company, valued at $1,088,547.02. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Rockwell Automation news, SVP Cyril Perducat sold 659 shares of Rockwell Automation stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $260.11, for a total value of $171,412.49. Following the transaction, the senior vice president now owns 4,630 shares in the company, valued at $1,204,309.30. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Tessa M. Myers sold 248 shares of the stock in a transaction dated Friday, June 7th. The stock was sold at an average price of $256.37, for a total transaction of $63,579.76. Following the completion of the transaction, the senior vice president now directly owns 4,246 shares of the company’s stock, valued at approximately $1,088,547.02. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,671 shares of company stock worth $438,754. Corporate insiders own 0.68% of the company’s stock.

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.

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

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