Philadelphia Trust Co. Has $14.88 Million Holdings in Rockwell Automation, Inc. $ROK

Key Points

• Philadelphia Trust Co. reduced its stake in Rockwell Automation by 8.9%, now owning 57,600 shares valued at approximately $14.88 million.
• Wall Street analysts have varied opinions on Rockwell Automation, with price targets ranging from $290 to $381, and an overall consensus rating of "Moderate Buy."
• Rockwell Automation reported earnings of $2.82 per share for the recent quarter, surpassing expectations, with a 4.5% increase in revenue year-over-year.

Philadelphia Trust Co. reduced its stake in shares of Rockwell Automation, Inc. (NYSE:ROK - Free Report) by 8.9% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 57,600 shares of the industrial products company's stock after selling 5,622 shares during the quarter. Rockwell Automation accounts for approximately 1.3% of Philadelphia Trust Co.'s holdings, making the stock its 23rd largest holding. Philadelphia Trust Co. owned about 0.05% of Rockwell Automation worth $14,883,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Citizens National Bank Trust Department purchased a new stake in Rockwell Automation during the 1st quarter worth approximately $26,000. Financial Gravity Asset Management Inc. purchased a new stake in Rockwell Automation during the 1st quarter worth approximately $31,000. IMA Advisory Services Inc. purchased a new stake in Rockwell Automation during the 1st quarter worth approximately $32,000. Cooksen Wealth LLC purchased a new stake in Rockwell Automation during the 1st quarter worth approximately $34,000. Finally, Parvin Asset Management LLC purchased a new stake in Rockwell Automation during the 4th quarter worth approximately $36,000. 75.75% of the stock is currently owned by hedge funds and other institutional investors.

Rockwell Automation Price Performance

Shares of Rockwell Automation stock traded up $0.3330 during trading on Tuesday, hitting $343.1530. The stock had a trading volume of 880,354 shares, compared to its average volume of 1,065,616. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.06 and a quick ratio of 0.72. The firm has a market cap of $38.58 billion, a P/E ratio of 40.28, a PEG ratio of 3.52 and a beta of 1.39. The business has a fifty day moving average of $339.51 and a two-hundred day moving average of $296.81. Rockwell Automation, Inc. has a fifty-two week low of $215.00 and a fifty-two week high of $360.92.

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

Rockwell Automation Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Monday, August 18th will be paid a $1.31 dividend. The ex-dividend date is Monday, August 18th. This represents a $5.24 dividend on an annualized basis and a yield of 1.5%. Rockwell Automation's payout ratio is 61.50%.

Analyst Ratings Changes

ROK has been the topic of several analyst reports. Barclays lifted their price objective on Rockwell Automation from $357.00 to $370.00 and gave the stock an "overweight" rating in a report on Thursday, August 14th. Bank of America upgraded Rockwell Automation from a "neutral" rating to a "buy" rating and boosted their price target for the company from $360.00 to $410.00 in a report on Wednesday, July 16th. KeyCorp boosted their price target on Rockwell Automation from $370.00 to $380.00 and gave the company an "overweight" rating in a report on Thursday, August 7th. Stephens reiterated an "overweight" rating and issued a $375.00 price target (up from $350.00) on shares of Rockwell Automation in a report on Wednesday, July 16th. Finally, Wells Fargo & Company set a $345.00 price target on Rockwell Automation and gave the company an "equal weight" rating in a report on Friday, August 8th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $340.16.

Insider Transactions at Rockwell Automation

In related news, SVP Matthew W. Fordenwalt sold 500 shares of the stock in a transaction that occurred 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 completion of the sale, the senior vice president owned 2,709 shares in the company, valued at $866,934.18. This represents a 15.58% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Matheus De A. G. Viera Bulho sold 526 shares of the stock in a transaction that occurred on Wednesday, June 11th. The shares were sold at an average price of $325.35, for a total value of $171,134.10. Following the sale, the senior vice president owned 983 shares of the company's stock, valued at approximately $319,819.05. The trade was a 34.86% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 5,818 shares of company stock valued at $1,944,708. Corporate insiders own 0.68% of the company's stock.

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.