Focus Partners Wealth Sells 858 Shares of Rockwell Automation, Inc. (NYSE:ROK)

Focus Partners Wealth cut its stake in Rockwell Automation, Inc. (NYSE:ROK) by 7.2% during the 4th quarter, HoldingsChannel.com reports. The fund owned 11,084 shares of the industrial products company’s stock after selling 858 shares during the period. Focus Partners Wealth’s holdings in Rockwell Automation were worth $3,337,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Bank of Jackson Hole Trust acquired a new stake in Rockwell Automation during the fourth quarter worth approximately $34,000. SBI Securities Co. Ltd. acquired a new position in Rockwell Automation during the fourth quarter worth $35,000. Parvin Asset Management LLC acquired a new stake in shares of Rockwell Automation in the 4th quarter worth about $36,000. Flagship Wealth Advisors LLC bought a new position in shares of Rockwell Automation in the fourth quarter valued at approximately $38,000. Finally, Knuff & Co LLC boosted its holdings in Rockwell Automation by 41.0% during the 4th quarter. Knuff & Co LLC now owns 141 shares of the industrial products company’s stock worth $40,000 after acquiring an additional 41 shares during the last quarter. 75.75% of the stock is owned by institutional investors.

Analyst Ratings Changes

ROK has been the topic of a number of research analyst reports. JPMorgan Chase & Co. upgraded Rockwell Automation from an “underweight” rating to a “neutral” rating and boosted their target price for the stock from $201.00 to $271.00 in a research note on Thursday, May 8th. Loop Capital lifted their price objective on shares of Rockwell Automation from $280.00 to $290.00 and gave the company a “hold” rating in a research note on Thursday. Barclays raised their price objective on shares of Rockwell Automation from $260.00 to $283.00 and gave the company an “equal weight” rating in a research report on Thursday, May 8th. BNP Paribas upgraded Rockwell Automation from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, April 9th. Finally, Citigroup increased their price target on shares of Rockwell Automation from $283.00 to $327.00 and gave the stock a “buy” rating in a report on Thursday, May 8th. One analyst has rated the stock with a sell rating, eight have given a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $308.89.

Insider Buying and Selling at Rockwell Automation

In related news, SVP Matheus De A. G. Viera Bulho sold 939 shares of the company’s stock in a transaction on Monday, May 12th. The shares were sold at an average price of $304.24, for a total value of $285,681.36. Following the completion of the transaction, the senior vice president now owns 983 shares of the company’s stock, valued at approximately $299,067.92. This represents a 48.86% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Isaac Woods sold 876 shares of the business’s stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $284.03, for a total value of $248,810.28. Following the completion of the transaction, the vice president now directly owns 1,057 shares in the company, valued at approximately $300,219.71. This represents a 45.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 6,839 shares of company stock valued at $2,014,256. 0.68% of the stock is owned by company insiders.

Rockwell Automation Price Performance

Shares of NYSE ROK opened at $307.69 on Friday. The stock has a market capitalization of $34.68 billion, a P/E ratio of 38.32, a P/E/G ratio of 3.53 and a beta of 1.32. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.08 and a quick ratio of 0.72. The company’s 50-day moving average is $254.50 and its 200 day moving average is $274.74. Rockwell Automation, Inc. has a 1 year low of $215.00 and a 1 year high of $310.78.

Rockwell Automation (NYSE:ROK) last released its quarterly earnings data on Wednesday, May 7th. The industrial products company reported $2.45 earnings per share for the quarter, beating analysts’ consensus estimates of $2.09 by $0.36. Rockwell Automation had a net margin of 11.38% and a return on equity of 30.17%. The business had revenue of $2 billion during the quarter, compared to analyst estimates of $1.97 billion. During the same period last year, the business earned $2.50 EPS. Rockwell Automation’s revenue was down 5.9% compared to the same quarter last year. On average, sell-side analysts expect that Rockwell Automation, Inc. will post 9.35 earnings per share for the current year.

Rockwell Automation Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Monday, May 19th will be paid a dividend of $1.31 per share. The ex-dividend date of this dividend is Monday, May 19th. This represents a $5.24 dividend on an annualized basis and a yield of 1.70%. Rockwell Automation’s dividend payout ratio is presently 65.99%.

Rockwell Automation Profile

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.