Shell Asset Management Co. Sells 1,326 Shares of Rockwell Automation, Inc. (NYSE:ROK)

Shell Asset Management Co. cut its holdings in shares of Rockwell Automation, Inc. (NYSE:ROKFree Report) by 20.6% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 5,111 shares of the industrial products company’s stock after selling 1,326 shares during the quarter. Shell Asset Management Co.’s holdings in Rockwell Automation were worth $1,587,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the business. Valeo Financial Advisors LLC raised its position in Rockwell Automation by 1.9% in the 4th quarter. Valeo Financial Advisors LLC now owns 1,915 shares of the industrial products company’s stock worth $595,000 after purchasing an additional 35 shares during the period. Bison Wealth LLC increased its holdings in shares of Rockwell Automation by 3.3% in the fourth quarter. Bison Wealth LLC now owns 1,168 shares of the industrial products company’s stock worth $363,000 after buying an additional 37 shares during the period. Quadrant Capital Group LLC lifted its stake in shares of Rockwell Automation by 3.4% in the 4th quarter. Quadrant Capital Group LLC now owns 1,115 shares of the industrial products company’s stock valued at $346,000 after acquiring an additional 37 shares during the last quarter. Raleigh Capital Management Inc. lifted its stake in shares of Rockwell Automation by 24.2% in the 3rd quarter. Raleigh Capital Management Inc. now owns 195 shares of the industrial products company’s stock valued at $56,000 after acquiring an additional 38 shares during the last quarter. Finally, Cottage Street Advisors LLC boosted its holdings in Rockwell Automation by 3.8% during the 4th quarter. Cottage Street Advisors LLC now owns 1,038 shares of the industrial products company’s stock valued at $319,000 after acquiring an additional 38 shares during the period. 75.75% of the stock is currently owned by institutional investors.

Rockwell Automation Stock Down 0.3 %

ROK stock opened at $255.16 on Tuesday. Rockwell Automation, Inc. has a fifty-two week low of $251.28 and a fifty-two week high of $348.52. The company has a market capitalization of $29.09 billion, a price-to-earnings ratio of 24.94, a price-to-earnings-growth ratio of 4.00 and a beta of 1.38. The business’s 50 day moving average price is $271.41 and its two-hundred day moving average price is $283.01. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.74 and a current ratio of 1.11.

Rockwell Automation (NYSE:ROKGet Free Report) last issued its quarterly earnings results 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. The company had revenue of $2.13 billion for the quarter, compared to analysts’ expectations of $2.05 billion. Rockwell Automation had a return on equity of 34.83% and a net margin of 13.19%. The firm’s revenue for the quarter was down 6.6% on a year-over-year basis. During the same period in the prior year, the firm earned $3.01 earnings per share. As a group, analysts forecast that Rockwell Automation, Inc. will post 10.14 earnings per share for the current fiscal year.

Rockwell Automation Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Investors of record on Monday, August 12th will be paid a $1.25 dividend. The ex-dividend date is Monday, August 12th. This represents a $5.00 annualized dividend and a dividend yield of 1.96%. Rockwell Automation’s payout ratio is 48.88%.

Analysts Set New Price Targets

ROK has been the topic of a number of analyst reports. Citigroup decreased their price target on Rockwell Automation from $322.00 to $316.00 and set a “buy” rating on the stock in a research note on Wednesday, May 8th. Barclays decreased their target price on shares of Rockwell Automation from $260.00 to $250.00 and set an “underweight” rating on the stock in a research note on Tuesday, June 4th. Robert W. Baird dropped their price target on shares of Rockwell Automation from $310.00 to $304.00 and set an “outperform” rating for the company in a research report on Wednesday, May 8th. Mizuho decreased their price objective 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, Loop Capital lowered their price objective 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. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $307.21.

Get Our Latest Research Report on ROK

Insider Activity at Rockwell Automation

In other Rockwell Automation news, VP John M. Miller sold 467 shares of the company’s stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $273.27, for a total value of $127,617.09. Following the sale, the vice president now owns 4,800 shares in the company, valued at $1,311,696. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Rockwell Automation news, VP John M. Miller sold 467 shares of Rockwell Automation 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 completion of the transaction, the vice president now owns 4,800 shares in the company, valued at $1,311,696. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Isaac Woods sold 297 shares of the stock in a transaction on Friday, June 7th. The stock was sold at an average price of $256.38, for a total value of $76,144.86. Following the completion of the sale, the vice president now directly owns 1,833 shares in the company, valued at $469,944.54. The disclosure for this sale can be found here. Insiders sold a total of 1,671 shares of company stock valued at $438,754 in the last three months. Company insiders own 0.68% of the company’s stock.

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.

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

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