Harbour Investments Inc. Sells 56 Shares of Rockwell Automation, Inc. (NYSE:ROK)

Harbour Investments Inc. reduced its position in Rockwell Automation, Inc. (NYSE:ROK) by 3.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,474 shares of the industrial products company’s stock after selling 56 shares during the quarter. Harbour Investments Inc.’s holdings in Rockwell Automation were worth $406,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in ROK. Vanguard Group Inc. increased its holdings in shares of Rockwell Automation by 3.2% during the first quarter. Vanguard Group Inc. now owns 14,048,986 shares of the industrial products company’s stock valued at $4,092,891,000 after acquiring an additional 438,356 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in Rockwell Automation by 951.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 5,532,949 shares of the industrial products company’s stock valued at $1,611,915,000 after buying an additional 5,006,706 shares during the last quarter. Lazard Asset Management LLC increased its holdings in Rockwell Automation by 32.0% in the 1st quarter. Lazard Asset Management LLC now owns 1,510,019 shares of the industrial products company’s stock worth $439,912,000 after buying an additional 365,795 shares during the period. Sumitomo Mitsui Trust Holdings Inc. raised its position in Rockwell Automation by 6.1% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 955,574 shares of the industrial products company’s stock worth $278,387,000 after buying an additional 54,948 shares during the last quarter. Finally, Champlain Investment Partners LLC lifted its stake in Rockwell Automation by 82.4% during the 1st quarter. Champlain Investment Partners LLC now owns 859,717 shares of the industrial products company’s stock valued at $250,461,000 after acquiring an additional 388,400 shares during the period. 75.75% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Rockwell Automation news, SVP Tessa M. Myers sold 248 shares of the company’s stock in a transaction dated Friday, June 7th. The shares were sold at an average price of $256.37, for a total value of $63,579.76. Following the transaction, the senior vice president now owns 4,246 shares of the company’s stock, valued at $1,088,547.02. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, SVP Tessa M. Myers sold 248 shares of the 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 owns 4,246 shares of the company’s stock, valued at approximately $1,088,547.02. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Tessa M. Myers sold 528 shares of Rockwell Automation stock in a transaction on Tuesday, June 11th. The shares were sold at an average price of $253.78, for a total value of $133,995.84. Following the completion of the sale, the senior vice president now directly owns 3,718 shares of the company’s stock, valued at $943,554.04. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,732 shares of company stock valued at $445,133. 0.68% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

ROK has been the topic of several recent research reports. Robert W. Baird lowered their price target on shares of Rockwell Automation from $304.00 to $280.00 and set an “outperform” rating on the stock in a report on Thursday, August 8th. Bank of America dropped their price objective on shares of Rockwell Automation from $300.00 to $270.00 and set a “neutral” rating on the stock in a research note on Thursday, August 8th. Loop Capital cut their target price on shares of Rockwell Automation from $300.00 to $290.00 and set a “hold” rating for the company in a report on Tuesday, May 14th. Wells Fargo & Company cut their price objective on shares of Rockwell Automation from $305.00 to $293.00 and set an “overweight” rating for the company in a report on Thursday, August 8th. Finally, Barclays dropped their target price on Rockwell Automation from $250.00 to $245.00 and set an “underweight” rating on the stock in a research report on Wednesday, July 10th. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $280.14.

Rockwell Automation Trading Up 1.8 %

Shares of ROK opened at $266.52 on Friday. The firm’s fifty day moving average is $266.81 and its two-hundred day moving average is $272.28. The stock has a market cap of $30.38 billion, a PE ratio of 26.05, a price-to-earnings-growth ratio of 4.71 and a beta of 1.37. 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 52-week low of $242.81 and a 52-week high of $314.80.

Rockwell Automation (NYSE:ROK) last announced its quarterly earnings data on Wednesday, August 7th. The industrial products company reported $2.71 EPS for the quarter, topping analysts’ consensus estimates of $2.08 by $0.63. Rockwell Automation had a return on equity of 34.83% and a net margin of 13.19%. The firm had revenue of $2.05 billion for the quarter, compared to the consensus estimate of $2.03 billion. During the same quarter last year, the business posted $3.01 earnings per share. The firm’s revenue was down 8.4% compared to the same quarter last year. Research analysts forecast that Rockwell Automation, Inc. will post 10.07 earnings per share for the current fiscal year.

Rockwell Automation Announces Dividend

The firm also recently announced 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. The ex-dividend date is Monday, August 12th. This represents a $5.00 dividend on an annualized basis and a yield of 1.88%. Rockwell Automation’s dividend payout ratio is currently 48.88%.

About Rockwell Automation

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.