Crossmark Global Holdings Inc. Trims Stock Position in Rockwell Automation, Inc. (NYSE:ROK)

Crossmark Global Holdings Inc. lessened its position in shares of Rockwell Automation, Inc. (NYSE:ROKFree Report) by 2.8% during the fourth quarter, HoldingsChannel.com reports. The fund owned 7,313 shares of the industrial products company’s stock after selling 207 shares during the period. Crossmark Global Holdings Inc.’s holdings in Rockwell Automation were worth $2,271,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Patrick M Sweeney & Associates Inc. purchased a new stake in shares of Rockwell Automation in the fourth quarter worth $380,000. Sequoia Financial Advisors LLC raised its holdings in shares of Rockwell Automation by 676.7% in the 4th quarter. Sequoia Financial Advisors LLC now owns 32,156 shares of the industrial products company’s stock valued at $9,984,000 after acquiring an additional 28,016 shares in the last quarter. Mercer Global Advisors Inc. ADV boosted its position in shares of Rockwell Automation by 0.9% during the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 11,423 shares of the industrial products company’s stock valued at $3,266,000 after acquiring an additional 97 shares during the last quarter. Carnegie Capital Asset Management LLC grew its holdings in shares of Rockwell Automation by 5.0% during the fourth quarter. Carnegie Capital Asset Management LLC now owns 85,551 shares of the industrial products company’s stock worth $26,562,000 after purchasing an additional 4,093 shares in the last quarter. Finally, Lincoln National Corp increased its position in shares of Rockwell Automation by 76.5% in the fourth quarter. Lincoln National Corp now owns 3,111 shares of the industrial products company’s stock worth $966,000 after purchasing an additional 1,348 shares during the last quarter. 75.75% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Barclays cut their price target on shares of Rockwell Automation from $260.00 to $250.00 and set an “underweight” rating for the company in a research note on Tuesday. JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $254.00 target price on shares of Rockwell Automation in a research report on Thursday, March 21st. Robert W. Baird lowered their price target on Rockwell Automation from $310.00 to $304.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 8th. 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 report on Wednesday, May 8th. Finally, Berenberg Bank reissued a “hold” rating and set a $290.00 price objective (down from $330.00) on shares of Rockwell Automation in a report on Wednesday, March 6th. 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’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $307.21.

View Our Latest Research Report on Rockwell Automation

Rockwell Automation Trading Up 0.3 %

NYSE:ROK opened at $255.91 on Friday. The firm has a market capitalization of $29.17 billion, a P/E ratio of 25.02, a P/E/G ratio of 3.99 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. The company has a fifty day moving average of $271.97 and a 200 day moving average of $282.97. Rockwell Automation, Inc. has a 52 week low of $251.28 and a 52 week high of $348.52.

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

Rockwell Automation Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Monday, August 12th will be given a $1.25 dividend. The ex-dividend date of this dividend is Monday, August 12th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.95%. Rockwell Automation’s dividend payout ratio is currently 48.88%.

Insider Activity

In related news, VP John M. Miller sold 467 shares of the firm’s stock in a transaction 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 completion of the sale, the vice president now owns 4,800 shares of the company’s stock, valued at $1,311,696. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Rockwell Automation news, VP John M. Miller sold 467 shares of the company’s stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $273.27, for a total value of $127,617.09. Following the completion of the transaction, the vice president now directly owns 4,800 shares in the company, valued at approximately $1,311,696. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Cyril Perducat sold 659 shares of Rockwell Automation stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $260.11, for a total transaction of $171,412.49. Following the sale, the senior vice president now directly owns 4,630 shares in the company, valued at approximately $1,204,309.30. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,671 shares of company stock valued at $438,754. 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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