Fiduciary Trust Co Reduces Holdings in Rockwell Automation, Inc. (NYSE:ROK)

Fiduciary Trust Co reduced its stake in shares of Rockwell Automation, Inc. (NYSE:ROK - Free Report) by 21.2% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 7,593 shares of the industrial products company's stock after selling 2,037 shares during the period. Fiduciary Trust Co's holdings in Rockwell Automation were worth $2,170,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the business. Fred Alger Management LLC acquired a new position in Rockwell Automation during the fourth quarter worth $2,981,000. Deutsche Bank AG increased its stake in shares of Rockwell Automation by 21.1% during the fourth quarter. Deutsche Bank AG now owns 452,447 shares of the industrial products company's stock worth $129,305,000 after purchasing an additional 78,773 shares in the last quarter. EP Wealth Advisors LLC raised its position in shares of Rockwell Automation by 1.7% during the 4th quarter. EP Wealth Advisors LLC now owns 89,045 shares of the industrial products company's stock worth $25,448,000 after purchasing an additional 1,500 shares during the last quarter. Colonial Trust Co SC boosted its holdings in Rockwell Automation by 29.2% in the 4th quarter. Colonial Trust Co SC now owns 473 shares of the industrial products company's stock worth $135,000 after buying an additional 107 shares during the last quarter. Finally, CoreCap Advisors LLC increased its stake in Rockwell Automation by 14.7% during the 4th quarter. CoreCap Advisors LLC now owns 493 shares of the industrial products company's stock worth $141,000 after buying an additional 63 shares in the last quarter. 75.75% of the stock is currently owned by institutional investors and hedge funds.

Rockwell Automation Stock Down 0.6%

Shares of Rockwell Automation stock traded down $1.79 during trading on Wednesday, hitting $306.72. 873,673 shares of the stock were exchanged, compared to its average volume of 874,835. The stock has a market cap of $34.57 billion, a price-to-earnings ratio of 38.20, a price-to-earnings-growth ratio of 3.53 and a beta of 1.32. The firm's 50-day moving average price is $253.16 and its 200 day moving average price is $274.26. Rockwell Automation, Inc. has a 12-month low of $215.00 and a 12-month high of $310.78. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.08 and a quick ratio of 0.72.

Rockwell Automation (NYSE:ROK - Get Free Report) last announced its quarterly earnings results 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. The firm had revenue of $2 billion during the quarter, compared to analysts' expectations of $1.97 billion. Rockwell Automation had a net margin of 11.38% and a return on equity of 30.17%. Rockwell Automation's quarterly revenue was down 5.9% compared to the same quarter last year. During the same period in the previous year, the company earned $2.50 earnings per share. As a group, analysts forecast that Rockwell Automation, Inc. will post 9.35 earnings per share for the current fiscal year.

Rockwell Automation Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Monday, May 19th will be given 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 1.71%. Rockwell Automation's payout ratio is 65.99%.

Insider Buying and Selling at Rockwell Automation

In other Rockwell Automation news, SVP Matheus De A. G. Viera Bulho sold 293 shares of the company's stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $257.68, for a total transaction of $75,500.24. Following the transaction, the senior vice president now directly owns 1,922 shares in the company, valued at approximately $495,260.96. This represents a 13.23% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Scott Genereux sold 500 shares of the company's stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $290.14, for a total transaction of $145,070.00. Following the transaction, the vice president now owns 1,905 shares in the company, valued at $552,716.70. The trade was a 20.79% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 6,839 shares of company stock worth $2,014,256. 0.68% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

ROK has been the topic of a number of research analyst reports. Loop Capital lifted their price target on Rockwell Automation from $260.00 to $280.00 and gave the stock a "hold" rating in a research note on Tuesday, February 25th. The Goldman Sachs Group lifted their price target on Rockwell Automation from $257.00 to $290.00 and gave the stock a "sell" rating in a research note on Tuesday, February 11th. KeyCorp lifted their price target on Rockwell Automation from $275.00 to $330.00 and gave the stock an "overweight" rating in a research note on Thursday, May 8th. Citigroup raised their target price on shares of Rockwell Automation from $283.00 to $327.00 and gave the stock a "buy" rating in a research note on Thursday, May 8th. Finally, Stephens raised shares of Rockwell Automation from an "equal weight" rating to an "overweight" rating and raised their target price for the stock from $275.00 to $350.00 in a research note on Thursday, January 16th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Rockwell Automation presently has a consensus rating of "Moderate Buy" and an average price target of $308.37.

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.