Rockwell Automation, Inc. (NYSE:ROK) Shares Sold by Private Advisor Group LLC

Private Advisor Group LLC lowered its stake in Rockwell Automation, Inc. (NYSE:ROKFree Report) by 13.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,438 shares of the industrial products company’s stock after selling 1,765 shares during the quarter. Private Advisor Group LLC’s holdings in Rockwell Automation were worth $3,332,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of ROK. Bruce G. Allen Investments LLC acquired a new stake in Rockwell Automation in the 4th quarter valued at about $27,000. Riverview Trust Co acquired a new stake in Rockwell Automation in the 1st quarter valued at about $28,000. Bfsg LLC acquired a new stake in Rockwell Automation in the 1st quarter valued at about $29,000. Security National Bank acquired a new stake in Rockwell Automation in the 4th quarter valued at about $40,000. Finally, Cooksen Wealth LLC acquired a new stake in Rockwell Automation in the 4th quarter valued at about $40,000. Institutional investors and hedge funds own 75.75% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on ROK. Citigroup cut their price target on shares of 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 cut their price target on shares of Rockwell Automation from $320.00 to $312.00 and set an “overweight” rating for the company in a report on Wednesday, May 8th. Barclays cut their price objective on Rockwell Automation from $260.00 to $250.00 and set an “underweight” rating on the stock in a report on Tuesday, June 4th. Mizuho cut their price objective on Rockwell Automation from $265.00 to $260.00 and set a “neutral” rating on the stock in a report on Wednesday, May 8th. Finally, Loop Capital cut their price objective on Rockwell Automation from $300.00 to $290.00 and set a “hold” rating on the stock in a report on Tuesday, May 14th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $305.08.

Check Out Our Latest Analysis on ROK

Rockwell Automation Price Performance

Shares of ROK opened at $264.07 on Monday. The company has a market capitalization of $30.10 billion, a price-to-earnings ratio of 25.81, a P/E/G ratio of 4.37 and a beta of 1.37. Rockwell Automation, Inc. has a fifty-two week low of $249.00 and a fifty-two week high of $348.52. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.11 and a quick ratio of 0.74. The business’s 50-day moving average is $265.15 and its 200-day moving average is $280.09.

Rockwell Automation (NYSE:ROKGet Free Report) last issued its earnings results on Wednesday, May 8th. The industrial products company reported $2.50 earnings per share for the quarter, beating analysts’ consensus estimates of $2.15 by $0.35. The company had revenue of $2.13 billion for the quarter, compared to the consensus estimate of $2.05 billion. Rockwell Automation had a return on equity of 34.83% and a net margin of 13.19%. The firm’s quarterly revenue was down 6.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.01 EPS. Equities research analysts expect that Rockwell Automation, Inc. will post 10.15 EPS for the current fiscal year.

Rockwell Automation Dividend Announcement

The company 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 1.89%. Rockwell Automation’s payout ratio is 48.88%.

Insider Activity at Rockwell Automation

In related news, SVP Cyril Perducat sold 659 shares of the business’s stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $260.11, for a total value of $171,412.49. Following the completion of the sale, the senior vice president now owns 4,630 shares of the company’s stock, valued at approximately $1,204,309.30. The sale was disclosed in a document filed with the SEC, which is available at this link. In other Rockwell Automation news, SVP Cyril Perducat sold 659 shares of the company’s stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $260.11, for a total transaction of $171,412.49. Following the completion of the sale, the senior vice president now owns 4,630 shares of the company’s stock, valued at $1,204,309.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP John M. Miller sold 467 shares of the company’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 sale, the vice president now directly owns 4,800 shares of the company’s stock, valued at approximately $1,311,696. The disclosure for this sale can be found here. In the last quarter, insiders sold 2,199 shares of company stock valued at $572,750. 0.68% of the stock is owned by corporate insiders.

Rockwell Automation Company 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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