Nomura Holdings Inc. Sells 37,111 Shares of Rockwell Automation, Inc. $ROK

Key Points

• Nomura Holdings Inc. significantly reduced its stake in Rockwell Automation by 91.2%, leaving it with a valuation of $925,000 after selling 37,111 shares.
• Rockwell Automation reported earnings of $2.82 per share for the last quarter, exceeding estimates, and showed a year-over-year revenue increase of 4.5% to $2.14 billion.
• The company declared a quarterly dividend of $1.31, with an annualized dividend yield of 1.5%, payable on September 10th to shareholders recorded as of August 18th.

Nomura Holdings Inc. reduced its holdings in Rockwell Automation, Inc. (NYSE:ROK - Free Report) by 91.2% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,580 shares of the industrial products company's stock after selling 37,111 shares during the period. Nomura Holdings Inc.'s holdings in Rockwell Automation were worth $925,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Citizens National Bank Trust Department acquired a new position in shares of Rockwell Automation in the 1st quarter valued at $26,000. Financial Gravity Asset Management Inc. bought a new stake in Rockwell Automation in the first quarter valued at about $31,000. IMA Advisory Services Inc. bought a new stake in Rockwell Automation in the first quarter valued at about $32,000. Cooksen Wealth LLC acquired a new position in Rockwell Automation in the first quarter valued at about $34,000. Finally, Cary Street Partners Investment Advisory LLC boosted its holdings in Rockwell Automation by 59.6% during the first quarter. Cary Street Partners Investment Advisory LLC now owns 166 shares of the industrial products company's stock worth $43,000 after buying an additional 62 shares during the last quarter. 75.75% of the stock is owned by institutional investors.

Insider Buying and Selling at Rockwell Automation

In other Rockwell Automation news, VP Terry L. Riesterer sold 269 shares of the stock in a transaction on Thursday, July 17th. The shares were sold at an average price of $355.26, for a total value of $95,564.94. Following the completion of the sale, the vice president owned 1,613 shares in the company, valued at $573,034.38. This trade represents a 14.29% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Isaac Woods sold 365 shares of Rockwell Automation stock in a transaction dated Friday, August 29th. The stock was sold at an average price of $348.44, for a total value of $127,180.60. Following the transaction, the vice president owned 1,691 shares of the company's stock, valued at $589,212.04. The trade was a 17.75% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 9,445 shares of company stock valued at $3,267,779 in the last ninety days. 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 target on Rockwell Automation from $280.00 to $290.00 and gave the company a "hold" rating in a research note on Thursday, May 15th. KeyCorp upped their target price on shares of Rockwell Automation from $370.00 to $380.00 and gave the company an "overweight" rating in a research note on Thursday, August 7th. Bank of America raised shares of Rockwell Automation from a "neutral" rating to a "buy" rating and lifted their price target for the stock from $360.00 to $410.00 in a research report on Wednesday, July 16th. Oppenheimer decreased their price target on shares of Rockwell Automation from $371.00 to $363.00 and set an "outperform" rating for the company in a report on Thursday, August 7th. Finally, CICC Research began coverage on shares of Rockwell Automation in a research report on Monday, July 7th. They issued an "outperform" rating and a $381.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Rockwell Automation presently has an average rating of "Moderate Buy" and an average target price of $340.16.

Rockwell Automation Stock Down 0.8%

ROK traded down $2.61 during trading on Friday, hitting $339.26. The company had a trading volume of 539,564 shares, compared to its average volume of 831,771. The company has a market capitalization of $38.14 billion, a PE ratio of 39.82, a PEG ratio of 3.50 and a beta of 1.41. The company has a quick ratio of 0.72, a current ratio of 1.06 and a debt-to-equity ratio of 0.72. Rockwell Automation, Inc. has a one year low of $215.00 and a one year high of $360.92. The firm's 50-day moving average price is $345.38 and its 200 day moving average price is $302.21.

Rockwell Automation (NYSE:ROK - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The industrial products company reported $2.82 EPS for the quarter, beating analysts' consensus estimates of $2.67 by $0.15. Rockwell Automation had a return on equity of 30.14% and a net margin of 12.03%.The company had revenue of $2.14 billion for the quarter, compared to analyst estimates of $2.07 billion. During the same period in the previous year, the company posted $2.71 earnings per share. The company's quarterly revenue was up 4.5% compared to the same quarter last year. As a group, equities analysts expect that Rockwell Automation, Inc. will post 9.35 earnings per share for the current year.

Rockwell Automation Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders 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 yield of 1.5%. Rockwell Automation's payout ratio is 61.50%.

About Rockwell Automation

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.