Rockwell Automation, Inc. (NYSE:ROK) Shares Sold by Park Avenue Securities LLC

Park Avenue Securities LLC lowered its holdings in shares of Rockwell Automation, Inc. (NYSE:ROK - Free Report) by 13.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,477 shares of the industrial products company's stock after selling 830 shares during the quarter. Park Avenue Securities LLC's holdings in Rockwell Automation were worth $1,415,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of the business. Bank of Jackson Hole Trust bought a new stake in shares of Rockwell Automation in the 4th quarter worth about $34,000. SBI Securities Co. Ltd. bought a new stake in shares of Rockwell Automation in the 4th quarter worth about $35,000. Parvin Asset Management LLC bought a new stake in shares of Rockwell Automation in the 4th quarter worth about $36,000. Flagship Wealth Advisors LLC bought a new stake in shares of Rockwell Automation in the 4th quarter worth about $38,000. Finally, Knuff & Co LLC lifted its holdings in shares of Rockwell Automation by 41.0% in the 4th quarter. Knuff & Co LLC now owns 141 shares of the industrial products company's stock worth $40,000 after acquiring an additional 41 shares during the last quarter. Institutional investors own 75.75% of the company's stock.

Rockwell Automation Stock Down 2.4%

Shares of NYSE:ROK traded down $7.78 during trading on Friday, reaching $317.36. The stock had a trading volume of 696,490 shares, compared to its average volume of 884,643. Rockwell Automation, Inc. has a one year low of $215.00 and a one year high of $328.90. The company has a market capitalization of $35.77 billion, a P/E ratio of 39.52, a PEG ratio of 3.53 and a beta of 1.38. The company has a current ratio of 1.08, a quick ratio of 0.72 and a debt-to-equity ratio of 0.72. The firm's 50-day simple moving average is $279.47 and its 200 day simple moving average is $279.78.

Rockwell Automation (NYSE:ROK - Get Free Report) last released its earnings results on Wednesday, May 7th. The industrial products company reported $2.45 EPS for the quarter, topping analysts' consensus estimates of $2.09 by $0.36. The company had revenue of $2 billion during the quarter, compared to analysts' expectations of $1.97 billion. Rockwell Automation had a net margin of 11.38% and a return on equity of 30.17%. Rockwell Automation's revenue for the quarter was down 5.9% on a year-over-year basis. During the same period last year, the business earned $2.50 EPS. As a group, research analysts expect that Rockwell Automation, Inc. will post 9.35 EPS for the current fiscal year.

Rockwell Automation Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Monday, August 18th will be paid a dividend of $1.31 per share. This represents a $5.24 annualized dividend and a yield of 1.65%. The ex-dividend date is Monday, August 18th. Rockwell Automation's payout ratio is 65.99%.

Insider Buying and Selling at Rockwell Automation

In related news, SVP Matheus De A. G. Viera Bulho sold 293 shares of the business's stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $257.68, for a total value of $75,500.24. Following the completion of the sale, the senior vice president now owns 1,922 shares of the company's stock, valued at approximately $495,260.96. The trade was a 13.23% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Matthew W. Fordenwalt sold 223 shares of the business's stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $313.97, for a total transaction of $70,015.31. Following the completion of the sale, the senior vice president now directly owns 3,209 shares of the company's stock, valued at approximately $1,007,529.73. The trade was a 6.50% decrease in their position. 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. Company insiders own 0.68% of the company's stock.

Analyst Ratings Changes

Several research firms have recently issued reports on ROK. Barclays upgraded shares of Rockwell Automation from an "equal weight" rating to an "overweight" rating and raised their target price for the stock from $283.00 to $350.00 in a report on Friday, May 30th. Oppenheimer raised their target price on shares of Rockwell Automation from $258.00 to $304.00 and gave the stock an "outperform" rating in a report on Thursday, May 8th. Loop Capital raised their price target 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. BNP Paribas raised shares of Rockwell Automation from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, April 9th. Finally, Wells Fargo & Company raised their price target on shares of Rockwell Automation from $265.00 to $315.00 and gave the stock an "overweight" rating in a research note on Thursday, May 8th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, Rockwell Automation currently has a consensus rating of "Moderate Buy" and a consensus price target 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.