New Age Alpha Advisors LLC Has $2.44 Million Holdings in Rockwell Automation, Inc. (NYSE:ROK)

New Age Alpha Advisors LLC cut its holdings in Rockwell Automation, Inc. (NYSE:ROK - Free Report) by 21.6% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 9,425 shares of the industrial products company's stock after selling 2,600 shares during the period. New Age Alpha Advisors LLC's holdings in Rockwell Automation were worth $2,435,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Citizens National Bank Trust Department acquired a new position in Rockwell Automation in the first quarter valued at $26,000. Financial Gravity Asset Management Inc. acquired a new position in shares of Rockwell Automation during the 1st quarter valued at about $31,000. IMA Advisory Services Inc. purchased a new position in shares of Rockwell Automation during the 1st quarter worth about $32,000. Cooksen Wealth LLC acquired a new stake in shares of Rockwell Automation in the first quarter worth approximately $34,000. Finally, Parvin Asset Management LLC purchased a new stake in Rockwell Automation in the fourth quarter valued at approximately $36,000. 75.75% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, SVP Tessa M. Myers sold 363 shares of Rockwell Automation stock in a transaction on Monday, June 9th. The stock was sold at an average price of $326.32, for a total value of $118,454.16. Following the transaction, the senior vice president directly owned 4,063 shares in the company, valued at $1,325,838.16. The trade was a 8.20% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Matthew W. Fordenwalt sold 500 shares of the company's stock in a transaction dated Wednesday, June 4th. The shares were sold at an average price of $320.02, for a total transaction of $160,010.00. Following the sale, the senior vice president directly owned 2,709 shares of the company's stock, valued at $866,934.18. This represents a 15.58% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 9,257 shares of company stock valued at $2,990,715. Company insiders own 0.68% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Loop Capital upped their price objective on Rockwell Automation from $280.00 to $290.00 and gave the stock a "hold" rating in a report on Thursday, May 15th. Stephens reiterated an "overweight" rating and set a $375.00 target price (up previously from $350.00) on shares of Rockwell Automation in a report on Wednesday, July 16th. Wells Fargo & Company set a $345.00 price target on shares of Rockwell Automation and gave the company an "equal weight" rating in a report on Friday. CICC Research began coverage on shares of Rockwell Automation in a research report on Monday, July 7th. They set an "outperform" rating and a $381.00 price target on the stock. Finally, JPMorgan Chase & Co. increased their price objective on shares of Rockwell Automation from $271.00 to $299.00 and gave the stock a "neutral" rating in a research report on Friday, May 16th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $339.47.

Rockwell Automation Stock Up 0.3%

ROK stock traded up $1.08 during midday trading on Friday, hitting $333.67. 874,648 shares of the company's stock were exchanged, compared to its average volume of 1,011,259. The firm has a 50 day moving average price of $336.92 and a 200-day moving average price of $294.22. Rockwell Automation, Inc. has a 12-month low of $215.00 and a 12-month high of $360.92. The stock has a market capitalization of $37.51 billion, a price-to-earnings ratio of 39.16, a price-to-earnings-growth ratio of 3.38 and a beta of 1.39. The company has a current ratio of 1.06, a quick ratio of 0.72 and a debt-to-equity ratio of 0.72.

Rockwell Automation (NYSE:ROK - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The industrial products company reported $2.82 earnings per share for the quarter, topping analysts' consensus estimates of $2.67 by $0.15. Rockwell Automation had a net margin of 12.03% and a return on equity of 30.14%. The business had revenue of $2.14 billion during the quarter, compared to the consensus estimate of $2.07 billion. During the same quarter last year, the company earned $2.71 earnings per share. The business's quarterly revenue was up 4.5% compared to the same quarter last year. On average, analysts anticipate that Rockwell Automation, Inc. will post 9.35 EPS for the current year.

Rockwell Automation Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Monday, August 18th will be paid a $1.31 dividend. The ex-dividend date of this dividend is Monday, August 18th. This represents a $5.24 annualized dividend and a dividend yield of 1.6%. 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.