Global Retirement Partners LLC Reduces Holdings in Rockwell Automation, Inc. (NYSE:ROK)

Global Retirement Partners LLC reduced its stake in Rockwell Automation, Inc. (NYSE:ROKGet Rating) by 93.2% during the third quarter, Holdings Channel.com reports. The firm owned 522 shares of the industrial products company’s stock after selling 7,110 shares during the period. Global Retirement Partners LLC’s holdings in Rockwell Automation were worth $133,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ROK. Vanguard Group Inc. raised its holdings in Rockwell Automation by 0.9% during the 1st quarter. Vanguard Group Inc. now owns 11,472,877 shares of the industrial products company’s stock valued at $3,212,750,000 after buying an additional 106,641 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of Rockwell Automation by 13.9% during the second quarter. JPMorgan Chase & Co. now owns 2,364,908 shares of the industrial products company’s stock valued at $471,350,000 after acquiring an additional 288,808 shares during the last quarter. Amundi boosted its holdings in shares of Rockwell Automation by 70.1% during the second quarter. Amundi now owns 1,941,741 shares of the industrial products company’s stock worth $387,703,000 after purchasing an additional 800,290 shares during the period. Lazard Asset Management LLC grew its stake in shares of Rockwell Automation by 3.3% in the second quarter. Lazard Asset Management LLC now owns 1,181,718 shares of the industrial products company’s stock worth $235,527,000 after purchasing an additional 37,515 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its holdings in Rockwell Automation by 2.5% during the 2nd quarter. Goldman Sachs Group Inc. now owns 1,082,189 shares of the industrial products company’s stock valued at $215,691,000 after purchasing an additional 26,780 shares during the period. Institutional investors own 77.66% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on ROK. Barclays lifted their price objective on Rockwell Automation from $206.00 to $220.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 5th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Rockwell Automation from $231.00 to $239.00 and gave the stock a “hold” rating in a report on Thursday, October 13th. Morgan Stanley lifted their target price on shares of Rockwell Automation from $269.00 to $284.00 and gave the company an “overweight” rating in a research note on Friday, January 6th. Citigroup increased their price target on shares of Rockwell Automation from $265.00 to $297.00 and gave the stock a “buy” rating in a research note on Friday, December 9th. Finally, StockNews.com started coverage on Rockwell Automation in a research report on Wednesday, October 12th. They set a “hold” rating on the stock. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $245.63.

Rockwell Automation Price Performance

Shares of NYSE:ROK opened at $277.98 on Wednesday. The business has a fifty day moving average price of $264.56 and a 200-day moving average price of $247.33. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.01 and a quick ratio of 0.72. The company has a market capitalization of $31.92 billion, a PE ratio of 34.88, a PEG ratio of 3.20 and a beta of 1.44. Rockwell Automation, Inc. has a 1-year low of $190.08 and a 1-year high of $306.92.

Rockwell Automation (NYSE:ROKGet Rating) last released its quarterly earnings data on Wednesday, November 2nd. The industrial products company reported $3.04 earnings per share for the quarter, beating analysts’ consensus estimates of $2.94 by $0.10. The business had revenue of $2.13 billion during the quarter, compared to analyst estimates of $2.12 billion. Rockwell Automation had a net margin of 12.01% and a return on equity of 38.84%. Rockwell Automation’s revenue was up 17.6% compared to the same quarter last year. During the same period last year, the business earned $2.33 EPS. As a group, equities analysts expect that Rockwell Automation, Inc. will post 10.68 EPS for the current fiscal year.

Rockwell Automation Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 12th. Shareholders of record on Monday, November 14th were issued a $1.18 dividend. This is a positive change from Rockwell Automation’s previous quarterly dividend of $1.12. The ex-dividend date was Thursday, November 10th. This represents a $4.72 dividend on an annualized basis and a dividend yield of 1.70%. Rockwell Automation’s dividend payout ratio (DPR) is presently 59.22%.

Insider Transactions at Rockwell Automation

In related news, SVP Frank C. Kulaszewicz sold 291 shares of Rockwell Automation stock in a transaction dated Thursday, December 15th. The stock was sold at an average price of $264.40, for a total value of $76,940.40. Following the completion of the sale, the senior vice president now directly owns 14,885 shares in the company, valued at approximately $3,935,594. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, VP John M. Miller sold 190 shares of the stock in a transaction on Wednesday, December 7th. The stock was sold at an average price of $256.63, for a total transaction of $48,759.70. Following the transaction, the vice president now directly owns 4,761 shares of the company’s stock, valued at approximately $1,221,815.43. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Frank C. Kulaszewicz sold 291 shares of the firm’s stock in a transaction on Thursday, December 15th. The stock was sold at an average price of $264.40, for a total value of $76,940.40. Following the completion of the transaction, the senior vice president now owns 14,885 shares in the company, valued at $3,935,594. The disclosure for this sale can be found here. Insiders sold 13,304 shares of company stock worth $3,410,562 over the last quarter. 0.64% of the stock is currently owned by insiders.

About Rockwell Automation

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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.

See Also

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Institutional Ownership by Quarter for Rockwell Automation (NYSE:ROK)

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