Kintegral Advisory LLC Sells 822 Shares of Rockwell Automation, Inc. (NYSE:ROK)

Kintegral Advisory LLC decreased its stake in Rockwell Automation, Inc. (NYSE:ROK - Free Report) by 32.9% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,679 shares of the industrial products company's stock after selling 822 shares during the period. Kintegral Advisory LLC's holdings in Rockwell Automation were worth $434,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in the stock. Citizens National Bank Trust Department bought a new stake in shares of Rockwell Automation in the first quarter valued at approximately $26,000. SBI Securities Co. Ltd. bought a new stake in shares of Rockwell Automation in the fourth quarter valued at approximately $35,000. Parvin Asset Management LLC bought a new stake in shares of Rockwell Automation in the fourth quarter valued at approximately $36,000. Flagship Wealth Advisors LLC bought a new stake in shares of Rockwell Automation in the fourth quarter valued at approximately $38,000. Finally, Knuff & Co LLC raised its position in shares of Rockwell Automation by 41.0% in the fourth quarter. Knuff & Co LLC now owns 141 shares of the industrial products company's stock valued at $40,000 after purchasing an additional 41 shares during the period. Institutional investors own 75.75% of the company's stock.

Rockwell Automation Trading Up 1.2%

NYSE:ROK traded up $4.19 during midday trading on Friday, reaching $346.93. 626,807 shares of the stock traded hands, compared to its average volume of 860,800. The company has a fifty day moving average of $308.03 and a 200 day moving average of $283.33. Rockwell Automation, Inc. has a 12 month low of $215.00 and a 12 month high of $348.43. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.72 and a current ratio of 1.05. The stock has a market capitalization of $39.11 billion, a P/E ratio of 43.69, a PEG ratio of 3.90 and a beta of 1.38.

Rockwell Automation (NYSE:ROK - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The industrial products company reported $2.45 EPS for the quarter, topping the consensus estimate of $2.09 by $0.36. Rockwell Automation had a net margin of 11.38% and a return on equity of 30.16%. The business had revenue of $2 billion during the quarter, compared to analyst estimates of $1.97 billion. During the same period in the prior year, the business earned $2.50 EPS. The company's revenue for the quarter was down 5.9% on a year-over-year basis. On average, research analysts predict that Rockwell Automation, Inc. will post 9.35 EPS for the current year.

Rockwell Automation Announces Dividend

The firm 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 $1.31 dividend. This represents a $5.24 dividend on an annualized basis and a dividend yield of 1.51%. The ex-dividend date of this dividend is Monday, August 18th. Rockwell Automation's dividend payout ratio is presently 65.99%.

Analyst Ratings Changes

Several brokerages recently commented on ROK. Barclays raised shares of Rockwell Automation from an "equal weight" rating to an "overweight" rating and boosted their price objective for the company from $283.00 to $350.00 in a research note on Friday, May 30th. TD Cowen raised shares of Rockwell Automation from a "sell" rating to a "hold" rating and set a $275.00 price objective for the company in a research note on Friday, May 9th. KeyCorp reaffirmed an "overweight" rating and set a $360.00 price objective (up previously from $345.00) on shares of Rockwell Automation in a research note on Friday, June 13th. Wells Fargo & Company boosted their price objective on shares of Rockwell Automation from $315.00 to $365.00 and gave the company an "overweight" rating in a research note on Tuesday, July 1st. Finally, Loop Capital boosted 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, May 15th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $324.37.

Insider Transactions at Rockwell Automation

In related news, SVP Tessa M. Myers sold 363 shares of the stock in a transaction dated Monday, June 9th. The shares were sold at an average price of $326.32, for a total transaction of $118,454.16. Following the sale, the senior vice president directly owned 4,063 shares of the company's stock, valued at approximately $1,325,838.16. This represents a 8.20% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Matthew W. Fordenwalt sold 289 shares of the stock in a transaction dated Monday, June 9th. The shares were sold at an average price of $326.33, for a total transaction of $94,309.37. Following the sale, the senior vice president directly owned 3,196 shares in the company, valued at $1,042,950.68. This trade represents a 8.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 7,388 shares of company stock worth $2,307,487. 0.68% of the stock is owned by insiders.

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.