Nixon Peabody Trust Co. Has $730,000 Stock Holdings in Rockwell Automation, Inc. (NYSE:ROK)

Nixon Peabody Trust Co. lowered its position in Rockwell Automation, Inc. (NYSE:ROK - Free Report) by 75.5% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,827 shares of the industrial products company's stock after selling 8,719 shares during the quarter. Nixon Peabody Trust Co.'s holdings in Rockwell Automation were worth $730,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the business. Apella Capital LLC acquired a new stake in Rockwell Automation in the first quarter worth about $233,000. AEGON ASSET MANAGEMENT UK Plc raised its position in shares of Rockwell Automation by 25.6% during the 1st quarter. AEGON ASSET MANAGEMENT UK Plc now owns 50,394 shares of the industrial products company's stock worth $13,011,000 after buying an additional 10,281 shares in the last quarter. Kwmg LLC lifted its stake in shares of Rockwell Automation by 1.2% in the 1st quarter. Kwmg LLC now owns 21,131 shares of the industrial products company's stock worth $5,460,000 after acquiring an additional 256 shares during the period. Strong Tower Advisory Services boosted its holdings in shares of Rockwell Automation by 43.4% in the first quarter. Strong Tower Advisory Services now owns 2,840 shares of the industrial products company's stock valued at $734,000 after acquiring an additional 859 shares in the last quarter. Finally, NBC Securities Inc. acquired a new position in shares of Rockwell Automation during the first quarter valued at approximately $216,000. Institutional investors own 75.75% of the company's stock.

Rockwell Automation Stock Up 0.5%

Rockwell Automation stock traded up $1.53 during mid-day trading on Thursday, hitting $320.42. The company's stock had a trading volume of 865,557 shares, compared to its average volume of 875,988. Rockwell Automation, Inc. has a 52-week low of $215.00 and a 52-week high of $326.50. The company has a market cap of $36.12 billion, a PE ratio of 39.90, a price-to-earnings-growth ratio of 3.53 and a beta of 1.38. 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 firm's 50 day moving average is $268.02 and its 200 day moving average is $278.11.

Rockwell Automation (NYSE:ROK - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The industrial products company reported $2.45 earnings per share (EPS) for the quarter, topping 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 in the prior year, the firm earned $2.50 earnings per share. The firm's revenue was down 5.9% compared to the same quarter last year. On average, analysts anticipate that Rockwell Automation, Inc. will post 9.35 earnings per share for the current year.

Rockwell Automation Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Monday, May 19th will be issued a dividend of $1.31 per share. This represents a $5.24 annualized dividend and a dividend yield of 1.64%. The ex-dividend date is Monday, May 19th. Rockwell Automation's dividend payout ratio is currently 65.99%.

Insider Transactions at Rockwell Automation

In related news, VP Terry L. Riesterer sold 2,500 shares of the company's stock in a transaction on Monday, May 12th. The shares were sold at an average price of $304.13, for a total value of $760,325.00. Following the completion of the sale, the vice president now directly owns 1,033 shares in the company, valued at approximately $314,166.29. This represents a 70.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Matthew W. Fordenwalt sold 500 shares of the stock in a transaction on Wednesday, June 4th. The stock was sold at an average price of $320.02, for a total transaction of $160,010.00. Following the transaction, the senior vice president now directly owns 2,709 shares in the company, valued at $866,934.18. The trade was a 15.58% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 5,405 shares of company stock valued at $1,640,796. 0.68% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on ROK shares. Morgan Stanley lifted their price target on Rockwell Automation from $335.00 to $345.00 and gave the company an "overweight" rating in a research report on Wednesday, February 12th. KeyCorp boosted their price target on shares of Rockwell Automation from $275.00 to $330.00 and gave the stock an "overweight" rating in a research report on Thursday, May 8th. Oppenheimer upped their price target on shares of Rockwell Automation from $258.00 to $304.00 and gave the company an "outperform" rating in a report on Thursday, May 8th. Loop Capital lifted their price objective on shares of Rockwell Automation from $280.00 to $290.00 and gave the stock a "hold" rating in a research note on Thursday, May 15th. Finally, Wells Fargo & Company increased their target price on shares of Rockwell Automation from $265.00 to $315.00 and gave the company an "overweight" rating in a research note on Thursday, May 8th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Rockwell Automation presently has a consensus rating of "Moderate Buy" and an average target price of $316.21.

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.