Vontobel Holding Ltd. Sells 7,971 Shares of Rockwell Automation, Inc. (NYSE:ROK)

Vontobel Holding Ltd. trimmed its stake in shares of Rockwell Automation, Inc. (NYSE:ROK - Free Report) by 41.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,151 shares of the industrial products company's stock after selling 7,971 shares during the quarter. Vontobel Holding Ltd.'s holdings in Rockwell Automation were worth $2,881,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Kampmann Melissa S. grew its position in Rockwell Automation by 2.3% during the 1st quarter. Kampmann Melissa S. now owns 12,073 shares of the industrial products company's stock worth $3,119,000 after acquiring an additional 275 shares during the last quarter. Mather Group LLC. grew its position in shares of Rockwell Automation by 32.5% in the 1st quarter. Mather Group LLC. now owns 942 shares of the industrial products company's stock worth $243,000 after buying an additional 231 shares during the last quarter. Koshinski Asset Management Inc. grew its position in shares of Rockwell Automation by 1.1% in the 1st quarter. Koshinski Asset Management Inc. now owns 4,097 shares of the industrial products company's stock worth $1,059,000 after buying an additional 46 shares during the last quarter. Amalgamated Bank grew its position in shares of Rockwell Automation by 1.5% in the 1st quarter. Amalgamated Bank now owns 22,161 shares of the industrial products company's stock worth $5,726,000 after buying an additional 321 shares during the last quarter. Finally, Citizens National Bank Trust Department bought a new stake in shares of Rockwell Automation in the 1st quarter worth approximately $26,000. 75.75% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

ROK has been the topic of a number of recent analyst reports. Oppenheimer lifted their price objective on Rockwell Automation from $258.00 to $304.00 and gave the stock an "outperform" rating in a research report on Thursday, May 8th. Wells Fargo & Company lifted their price objective on Rockwell Automation from $315.00 to $365.00 and gave the stock an "overweight" rating in a research report on Tuesday. KeyCorp reiterated an "overweight" rating and issued a $360.00 price objective (up from $345.00) on shares of Rockwell Automation in a research report on Friday, June 13th. Loop Capital raised their target price on Rockwell Automation from $280.00 to $290.00 and gave the company a "hold" rating in a research note on Thursday, May 15th. Finally, TD Cowen upgraded Rockwell Automation from a "sell" rating to a "hold" rating and set a $275.00 target price for the company in a research note on Friday, May 9th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $324.37.

Rockwell Automation Stock Up 1.2%

ROK stock opened at $346.93 on Friday. Rockwell Automation, Inc. has a 1-year low of $215.00 and a 1-year high of $348.43. The business has a fifty day moving average price of $306.06 and a 200-day moving average price of $282.99. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.05 and a quick ratio of 0.72. The stock has a market capitalization of $39.11 billion, a P/E ratio of 43.69, a P/E/G ratio of 3.86 and a beta of 1.38.

Rockwell Automation (NYSE:ROK - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The industrial products company reported $2.45 EPS for the quarter, beating 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 return on equity of 30.16% and a net margin of 11.38%. Rockwell Automation's revenue for the quarter was down 5.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.50 earnings per share. Equities analysts forecast that Rockwell Automation, Inc. will post 9.35 earnings per share for the current fiscal year.

Rockwell Automation Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Monday, August 18th will be given a dividend of $1.31 per share. This represents a $5.24 dividend on an annualized basis and a yield of 1.51%. The ex-dividend date is Monday, August 18th. Rockwell Automation's dividend payout ratio (DPR) is presently 65.99%.

Insider Buying and Selling at Rockwell Automation

In other Rockwell Automation news, SVP Matheus De A. G. Viera Bulho sold 526 shares of the business's stock in a transaction dated Wednesday, June 11th. The stock was sold at an average price of $325.35, for a total transaction of $171,134.10. Following the completion of 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Tessa M. Myers sold 363 shares of the business's stock in a transaction dated Monday, June 9th. The shares were sold at an average price of $326.32, for a total value of $118,454.16. Following the sale, the senior vice president directly owned 4,063 shares of the company's stock, valued at $1,325,838.16. This represents a 8.20% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 7,388 shares of company stock valued at $2,307,487 in the last ninety days. 0.68% of the stock is currently owned by company insiders.

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.

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