Global Trust Asset Management LLC Has $616,000 Stock Position in Rockwell Automation, Inc. (NYSE:ROK)

Global Trust Asset Management LLC cut its stake in shares of Rockwell Automation, Inc. (NYSE:ROK - Free Report) by 27.4% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,384 shares of the industrial products company's stock after selling 900 shares during the quarter. Global Trust Asset Management LLC's holdings in Rockwell Automation were worth $616,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ROK. Brighton Jones LLC bought a new position in shares of Rockwell Automation in the fourth quarter valued at about $281,000. Asset Management One Co. Ltd. raised its holdings in shares of Rockwell Automation by 2.3% in the fourth quarter. Asset Management One Co. Ltd. now owns 45,742 shares of the industrial products company's stock valued at $13,288,000 after buying an additional 1,046 shares during the last quarter. Blue Trust Inc. raised its holdings in shares of Rockwell Automation by 64.4% in the fourth quarter. Blue Trust Inc. now owns 1,223 shares of the industrial products company's stock valued at $350,000 after buying an additional 479 shares during the last quarter. Bank Pictet & Cie Europe AG raised its holdings in shares of Rockwell Automation by 0.9% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 4,195 shares of the industrial products company's stock valued at $1,199,000 after buying an additional 38 shares during the last quarter. Finally, Principal Securities Inc. raised its holdings in shares of Rockwell Automation by 19.5% in the fourth quarter. Principal Securities Inc. now owns 1,117 shares of the industrial products company's stock valued at $319,000 after buying an additional 182 shares during the last quarter. 75.75% of the stock is owned by institutional investors.

Rockwell Automation Trading Up 1.2%

Shares of Rockwell Automation stock traded up $3.70 during trading on Wednesday, hitting $324.11. 125,129 shares of the company were exchanged, compared to its average volume of 879,225. The firm has a market capitalization of $36.53 billion, a P/E ratio of 40.80, a price-to-earnings-growth ratio of 3.76 and a beta of 1.38. Rockwell Automation, Inc. has a 1-year low of $215.00 and a 1-year high of $328.90. The firm's fifty day moving average price is $283.16 and its 200 day moving average price is $280.15. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.05 and a quick ratio of 0.72.

Rockwell Automation (NYSE:ROK - Get Free Report) last posted its earnings results on Wednesday, May 7th. The industrial products company reported $2.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.09 by $0.36. The company had revenue of $2 billion during the quarter, compared to analyst estimates of $1.97 billion. Rockwell Automation had a return on equity of 30.16% and a net margin of 11.38%. The company's revenue for the quarter was down 5.9% compared to the same quarter last year. During the same period in the previous year, the company earned $2.50 EPS. As a group, sell-side analysts expect that Rockwell Automation, Inc. will post 9.35 earnings per share for the current fiscal year.

Rockwell Automation Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Monday, August 18th will be given a dividend of $1.31 per share. The ex-dividend date of this dividend is Monday, August 18th. This represents a $5.24 annualized dividend and a dividend yield of 1.62%. Rockwell Automation's payout ratio is currently 65.99%.

Insider Transactions at Rockwell Automation

In related news, SVP Matheus De A. G. Viera Bulho sold 250 shares of the business's stock in a transaction that occurred on Monday, June 9th. The stock was sold at an average price of $326.33, for a total value of $81,582.50. Following the completion of the transaction, the senior vice president now directly owns 1,509 shares in the company, valued at approximately $492,431.97. The trade was a 14.21% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Christopher Nardecchia sold 551 shares of the business's stock in a transaction that occurred on Monday, June 9th. The shares were sold at an average price of $326.31, for a total value of $179,796.81. Following the completion of the transaction, the senior vice president now owns 12,711 shares of the company's stock, valued at $4,147,726.41. This represents a 4.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 7,681 shares of company stock worth $2,382,987. 0.68% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on ROK. Loop Capital lifted their price target on Rockwell Automation from $280.00 to $290.00 and gave the company a "hold" rating in a report on Thursday, May 15th. Wells Fargo & Company lifted their price target on Rockwell Automation from $265.00 to $315.00 and gave the company an "overweight" rating in a report on Thursday, May 8th. TD Cowen raised Rockwell Automation from a "sell" rating to a "hold" rating and set a $275.00 price target for the company in a report on Friday, May 9th. BNP Paribas raised Rockwell Automation from a "hold" rating to a "strong-buy" rating in a report on Wednesday, April 9th. Finally, JPMorgan Chase & Co. boosted their price objective on Rockwell Automation from $271.00 to $299.00 and gave the stock a "neutral" rating in a report on Friday, May 16th. One analyst has rated the stock with a sell rating, seven have given a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $317.79.

Rockwell Automation Company 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.