SVB Wealth LLC Sells 8,074 Shares of Rockwell Automation, Inc. (NYSE:ROK)

SVB Wealth LLC lessened its holdings in Rockwell Automation, Inc. (NYSE:ROK - Free Report) by 25.5% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 23,626 shares of the industrial products company's stock after selling 8,074 shares during the period. SVB Wealth LLC's holdings in Rockwell Automation were worth $7,335,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. Bruce G. Allen Investments LLC purchased a new position in Rockwell Automation in the fourth quarter valued at approximately $27,000. OFI Invest Asset Management bought a new stake in shares of Rockwell Automation in the third quarter valued at approximately $26,000. Provence Wealth Management Group purchased a new stake in shares of Rockwell Automation during the 3rd quarter valued at approximately $27,000. BluePath Capital Management LLC bought a new position in Rockwell Automation in the 3rd quarter worth approximately $29,000. Finally, Clear Street Markets LLC purchased a new position in Rockwell Automation in the 4th quarter valued at approximately $30,000. 75.75% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on ROK. Berenberg Bank reaffirmed a "hold" rating and issued a $290.00 price target (down from $330.00) on shares of Rockwell Automation in a report on Wednesday, March 6th. JPMorgan Chase & Co. reaffirmed an "underweight" rating and set a $254.00 target price on shares of Rockwell Automation in a report on Thursday, March 21st. Wells Fargo & Company lowered their price target on shares of 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 objective on shares of Rockwell Automation from $324.00 to $300.00 and set an "outperform" rating for the company in a research report on Thursday, February 1st. Finally, Barclays decreased their target price on shares of Rockwell Automation from $269.00 to $265.00 and set an "underweight" rating on the stock in a report on Tuesday, April 2nd. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $310.08.

Rockwell Automation Price Performance

NYSE:ROK traded down $2.74 during midday trading on Wednesday, hitting $278.65. The company had a trading volume of 815,956 shares, compared to its average volume of 1,033,621. The company has a market capitalization of $31.93 billion, a PE ratio of 26.51, a P/E/G ratio of 2.87 and a beta of 1.43. 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, Inc. has a 52-week low of $252.11 and a 52-week high of $348.52. The stock's fifty day moving average price is $283.24 and its 200-day moving average price is $284.34.

Rockwell Automation (NYSE:ROK - Get Free Report) last posted its quarterly earnings data on Wednesday, January 31st. The industrial products company reported $2.04 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.62 by ($0.58). The firm had revenue of $2.05 billion during the quarter, compared to analysts' expectations of $2.08 billion. Rockwell Automation had a return on equity of 37.22% and a net margin of 13.35%. During the same quarter in the previous year, the company posted $2.46 earnings per share. As a group, research analysts expect that Rockwell Automation, Inc. will post 12.03 earnings per share for the current year.

Rockwell Automation Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Monday, May 13th will be issued a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a dividend yield of 1.79%. The ex-dividend date of this dividend is Friday, May 10th. Rockwell Automation's dividend payout ratio is currently 47.57%.

Insider Buying and Selling

In other Rockwell Automation news, VP Brian A. Shepherd sold 637 shares of the company's stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $262.87, for a total transaction of $167,448.19. Following the completion of the sale, the vice president now directly owns 5,088 shares in the company, valued at $1,337,482.56. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other news, VP Brian A. Shepherd sold 637 shares of the business's stock in a transaction dated Friday, February 2nd. The stock was 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 of the company's stock, valued at approximately $1,337,482.56. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Scott Genereux sold 500 shares of the firm's stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $290.00, for a total value of $145,000.00. Following the transaction, the vice president now owns 2,383 shares in the company, valued at $691,070. The disclosure for this sale can be found here. Insiders have sold a total of 17,877 shares of company stock worth $5,058,772 in the last 90 days. 0.68% of the stock is 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.