Rockwell Automation, Inc. (NYSE:ROK) Stock Position Decreased by Stratos Wealth Advisors LLC

Stratos Wealth Advisors LLC cut its stake in shares of Rockwell Automation, Inc. (NYSE:ROK - Free Report) by 7.5% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 15,104 shares of the industrial products company's stock after selling 1,225 shares during the period. Stratos Wealth Advisors LLC's holdings in Rockwell Automation were worth $3,903,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Norges Bank acquired a new stake in shares of Rockwell Automation during the 4th quarter worth about $284,177,000. GAMMA Investing LLC grew its stake in shares of Rockwell Automation by 29,844.4% in the 1st quarter. GAMMA Investing LLC now owns 702,794 shares of the industrial products company's stock valued at $181,588,000 after purchasing an additional 700,447 shares during the last quarter. Wellington Management Group LLP grew its stake in shares of Rockwell Automation by 85,513.1% in the 4th quarter. Wellington Management Group LLP now owns 675,487 shares of the industrial products company's stock valued at $193,047,000 after purchasing an additional 674,698 shares during the last quarter. Alliancebernstein L.P. lifted its stake in shares of Rockwell Automation by 102.3% in the fourth quarter. Alliancebernstein L.P. now owns 1,287,731 shares of the industrial products company's stock valued at $368,021,000 after purchasing an additional 651,116 shares during the period. Finally, Price T Rowe Associates Inc. MD boosted its holdings in Rockwell Automation by 6.5% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 7,115,280 shares of the industrial products company's stock worth $2,033,476,000 after buying an additional 432,934 shares in the last quarter. Institutional investors and hedge funds own 75.75% of the company's stock.

Analyst Ratings Changes

ROK has been the topic of a number of research reports. Wells Fargo & Company upped their price target on Rockwell Automation from $315.00 to $365.00 and gave the stock an "overweight" rating in a report on Tuesday, July 1st. JPMorgan Chase & Co. boosted their target price on Rockwell Automation from $271.00 to $299.00 and gave the stock a "neutral" rating in a research report on Friday, May 16th. Citigroup boosted their target price on Rockwell Automation from $327.00 to $371.00 and gave the stock a "buy" rating in a research report on Wednesday, June 4th. CICC Research started coverage on Rockwell Automation in a research report on Monday. They set an "outperform" rating and a $381.00 target price on the stock. Finally, BNP Paribas upgraded Rockwell Automation from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, April 9th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $327.20.

Rockwell Automation Trading Down 0.2%

Rockwell Automation stock traded down $0.56 during trading on Tuesday, hitting $338.37. The company's stock had a trading volume of 882,444 shares, compared to its average volume of 863,215. The stock has a market capitalization of $38.14 billion, a price-to-earnings ratio of 42.62, a P/E/G ratio of 3.90 and a beta of 1.38. Rockwell Automation, Inc. has a 1-year low of $215.00 and a 1-year high of $348.43. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.72 and a current ratio of 1.05. The stock's fifty day moving average is $309.88 and its 200 day moving average is $283.65.

Rockwell Automation (NYSE:ROK - Get Free Report) last issued its earnings results on Wednesday, May 7th. The industrial products company reported $2.45 earnings per share for the quarter, topping the consensus estimate of $2.09 by $0.36. Rockwell Automation had a return on equity of 30.16% and a net margin of 11.38%. The company had revenue of $2 billion during the quarter, compared to the consensus estimate of $1.97 billion. During the same quarter in the prior year, the business earned $2.50 earnings per share. The company's revenue was down 5.9% compared to the same quarter last year. As a group, equities research analysts predict that Rockwell Automation, Inc. will post 9.35 EPS for the current year.

Rockwell Automation Announces Dividend

The business also recently announced 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 dividend on an annualized basis and a dividend yield of 1.55%. Rockwell Automation's dividend payout ratio (DPR) is currently 65.99%.

Insiders Place Their Bets

In other Rockwell Automation news, SVP Matheus De A. G. Viera Bulho sold 526 shares of the stock in a transaction on Wednesday, June 11th. The shares were sold at an average price of $325.35, for a total transaction of $171,134.10. Following the transaction, the senior vice president directly owned 983 shares in the company, valued at $319,819.05. This represents a 34.86% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Matthew W. Fordenwalt sold 289 shares of the business's stock in a transaction dated Monday, June 9th. The shares were sold at an average price of $326.33, for a total value of $94,309.37. Following the completion of the sale, the senior vice president directly owned 3,196 shares of the company's stock, valued at approximately $1,042,950.68. This represents a 8.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 7,388 shares of company stock valued at $2,307,487. Company 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.