Vanguard Group Inc. Sells 138,872 Shares of Rockwell Automation, Inc. (NYSE:ROK)

Vanguard Group Inc. lessened its stake in Rockwell Automation, Inc. (NYSE:ROKFree Report) by 1.0% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,506,258 shares of the industrial products company’s stock after selling 138,872 shares during the quarter. Vanguard Group Inc. owned 0.12% of Rockwell Automation worth $3,861,034,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in ROK. Cyndeo Wealth Partners LLC increased its stake in Rockwell Automation by 0.8% in the 3rd quarter. Cyndeo Wealth Partners LLC now owns 4,880 shares of the industrial products company’s stock valued at $1,395,000 after buying an additional 38 shares during the last quarter. Cohen Lawrence B boosted its position in Rockwell Automation by 0.5% during the third quarter. Cohen Lawrence B now owns 8,319 shares of the industrial products company’s stock valued at $2,378,000 after purchasing an additional 38 shares during the last quarter. Raleigh Capital Management Inc. grew its stake in Rockwell Automation by 24.2% in the third quarter. Raleigh Capital Management Inc. now owns 195 shares of the industrial products company’s stock valued at $56,000 after purchasing an additional 38 shares in the last quarter. Burney Co. raised its stake in shares of Rockwell Automation by 0.9% during the 2nd quarter. Burney Co. now owns 4,515 shares of the industrial products company’s stock worth $1,487,000 after purchasing an additional 39 shares in the last quarter. Finally, XML Financial LLC boosted its holdings in shares of Rockwell Automation by 2.7% in the 3rd quarter. XML Financial LLC now owns 1,549 shares of the industrial products company’s stock valued at $443,000 after buying an additional 40 shares during the last quarter. Institutional investors own 80.84% of the company’s stock.

Insider Transactions at Rockwell Automation

In related news, VP Brian A. Shepherd sold 637 shares of the business’s stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $262.87, for a total transaction of $167,448.19. Following the sale, the vice president now owns 5,088 shares in the company, valued at approximately $1,337,482.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CEO Blake D. Moret bought 3,500 shares of the stock in a transaction that occurred on Monday, February 12th. The stock was acquired at an average cost of $283.64 per share, with a total value of $992,740.00. Following the transaction, the chief executive officer now directly owns 77,215 shares in the company, valued at $21,901,262.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Brian A. Shepherd sold 637 shares of Rockwell Automation stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $262.87, for a total value of $167,448.19. Following the transaction, the vice president now directly owns 5,088 shares in the company, valued at $1,337,482.56. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 17,877 shares of company stock worth $5,058,772. Corporate insiders own 0.68% of the company’s stock.

Rockwell Automation Stock Performance

Shares of Rockwell Automation stock opened at $280.00 on Friday. Rockwell Automation, Inc. has a 1-year low of $252.11 and a 1-year high of $348.52. The company has a market cap of $32.09 billion, a PE ratio of 26.64, a price-to-earnings-growth ratio of 2.64 and a beta of 1.43. The company has a current ratio of 1.25, a quick ratio of 0.80 and a debt-to-equity ratio of 0.76. The company has a 50 day moving average of $287.86 and a 200-day moving average of $286.35.

Rockwell Automation (NYSE:ROKGet Free Report) last released its earnings results on Wednesday, January 31st. The industrial products company reported $2.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.62 by ($0.58). Rockwell Automation had a net margin of 13.35% and a return on equity of 37.22%. The business had revenue of $2.05 billion during the quarter, compared to the consensus estimate of $2.08 billion. During the same quarter in the prior year, the firm earned $2.46 EPS. As a group, equities research analysts forecast that Rockwell Automation, Inc. will post 12.36 earnings per share for the current fiscal year.

Rockwell Automation Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Tuesday, February 20th were given a $1.25 dividend. The ex-dividend date of this dividend was Friday, February 16th. This represents a $5.00 dividend on an annualized basis and a yield of 1.79%. Rockwell Automation’s dividend payout ratio is currently 47.57%.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Berenberg Bank reaffirmed a “hold” rating and set a $290.00 price target (down from $330.00) on shares of Rockwell Automation in a research report on Wednesday, March 6th. Citigroup dropped their price objective on Rockwell Automation from $351.00 to $330.00 and set a “buy” rating on the stock in a research note on Thursday, February 1st. Oppenheimer dropped their price target on Rockwell Automation from $324.00 to $300.00 and set an “outperform” rating on the stock in a research note on Thursday, February 1st. JPMorgan Chase & Co. reduced their price objective on shares of Rockwell Automation from $262.00 to $230.00 and set an “underweight” rating for the company in a research report on Friday, February 2nd. Finally, Mizuho cut their target price on shares of Rockwell Automation from $300.00 to $265.00 and set a “neutral” rating for the company in a research note on Thursday, February 1st. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the company. According to MarketBeat, Rockwell Automation has a consensus rating of “Hold” and an average price target of $306.64.

Read Our Latest Report on ROK

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.

Recommended Stories

Want to see what other hedge funds are holding ROK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Rockwell Automation, Inc. (NYSE:ROKFree Report).

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

Receive News & Ratings for Rockwell Automation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rockwell Automation and related companies with MarketBeat.com's FREE daily email newsletter.