Rockwell Automation, Inc. (NYSE:ROK) Shares Sold by Raymond James & Associates

Raymond James & Associates decreased its position in shares of Rockwell Automation, Inc. (NYSE:ROK - Free Report) by 8.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 72,377 shares of the industrial products company's stock after selling 6,377 shares during the period. Raymond James & Associates owned about 0.06% of Rockwell Automation worth $22,471,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Cyndeo Wealth Partners LLC lifted its stake in Rockwell Automation by 0.8% during the 3rd quarter. Cyndeo Wealth Partners LLC now owns 4,880 shares of the industrial products company's stock worth $1,395,000 after acquiring an additional 38 shares in the last quarter. Cohen Lawrence B increased its holdings in Rockwell Automation by 0.5% during the 3rd quarter. Cohen Lawrence B now owns 8,319 shares of the industrial products company's stock worth $2,378,000 after purchasing an additional 38 shares during the period. Raleigh Capital Management Inc. increased its holdings in Rockwell Automation by 24.2% during the 3rd quarter. Raleigh Capital Management Inc. now owns 195 shares of the industrial products company's stock worth $56,000 after purchasing an additional 38 shares during the period. XML Financial LLC increased its holdings in Rockwell Automation by 2.7% during the 3rd quarter. XML Financial LLC now owns 1,549 shares of the industrial products company's stock worth $443,000 after purchasing an additional 40 shares during the period. Finally, Harfst & Associates Inc. increased its holdings in Rockwell Automation by 3.6% during the 3rd quarter. Harfst & Associates Inc. now owns 1,160 shares of the industrial products company's stock worth $332,000 after purchasing an additional 40 shares during the period. Institutional investors and hedge funds own 75.75% of the company's stock.

Rockwell Automation Stock Performance

ROK traded down $8.10 during trading on Monday, hitting $283.23. 680,597 shares of the stock were exchanged, compared to its average volume of 1,052,295. The firm has a market capitalization of $32.46 billion, a P/E ratio of 26.95, a PEG ratio of 2.73 and a beta of 1.43. Rockwell Automation, Inc. has a 1-year low of $252.11 and a 1-year high of $348.52. The stock has a fifty day moving average price of $284.03 and a two-hundred day moving average price of $284.55. The company has a quick ratio of 0.80, a current ratio of 1.25 and a debt-to-equity ratio of 0.76.

Rockwell Automation (NYSE:ROK - Get Free Report) last released its quarterly earnings results on Wednesday, January 31st. The industrial products company reported $2.04 EPS for the quarter, missing the consensus estimate of $2.62 by ($0.58). The firm had revenue of $2.05 billion for the quarter, compared to analyst estimates of $2.08 billion. Rockwell Automation had a return on equity of 37.22% and a net margin of 13.35%. During the same period last year, the firm earned $2.46 EPS. As a group, sell-side analysts predict that Rockwell Automation, Inc. will post 12.29 earnings per share for the current year.

Rockwell Automation Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Tuesday, February 20th were paid a $1.25 dividend. The ex-dividend date of this dividend was Friday, February 16th. This represents a $5.00 annualized dividend and a dividend yield of 1.77%. Rockwell Automation's dividend payout ratio (DPR) is currently 47.57%.

Insider Buying and Selling at Rockwell Automation

In other Rockwell Automation news, VP Brian A. Shepherd sold 637 shares of Rockwell Automation stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $262.87, for a total value of $167,448.19. Following the transaction, the vice president now directly owns 5,088 shares in the company, valued at approximately $1,337,482.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, VP Isaac Woods sold 150 shares of Rockwell Automation stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $287.59, for a total value of $43,138.50. Following the sale, the vice president now directly owns 1,199 shares in the company, valued at $344,820.41. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Brian A. Shepherd sold 637 shares of Rockwell Automation stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $262.87, for a total value of $167,448.19. Following the completion of the sale, the vice president now owns 5,088 shares in the company, valued at $1,337,482.56. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 17,877 shares of company stock worth $5,058,772. 0.68% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on ROK shares. Mizuho cut their price target on Rockwell Automation from $300.00 to $265.00 and set a "neutral" rating on the stock in a report on Thursday, February 1st. Wells Fargo & Company cut their price target on Rockwell Automation from $357.00 to $320.00 and set an "overweight" rating on the stock in a report on Thursday, February 1st. Oppenheimer cut their price target on Rockwell Automation from $324.00 to $300.00 and set an "outperform" rating on the stock in a report on Thursday, February 1st. Citigroup dropped their price objective on Rockwell Automation from $351.00 to $330.00 and set a "buy" rating on the stock in a report on Thursday, February 1st. Finally, UBS Group upgraded Rockwell Automation from a "neutral" rating to a "buy" rating and increased their price objective for the company from $305.00 to $360.00 in a report on Wednesday, January 3rd. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, Rockwell Automation presently has an average rating of "Hold" and a consensus target price of $308.36.

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.