Tobam Trims Stock Position in Rockwell Automation, Inc. (NYSE:ROK)

Tobam trimmed its holdings in Rockwell Automation, Inc. (NYSE:ROK) by 35.4% in the second quarter, Holdings Channel.com reports. The institutional investor owned 677 shares of the industrial products company’s stock after selling 371 shares during the quarter. Tobam’s holdings in Rockwell Automation were worth $186,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Quadrant Capital Group LLC increased its position in shares of Rockwell Automation by 3.4% in the fourth quarter. Quadrant Capital Group LLC now owns 1,115 shares of the industrial products company’s stock worth $346,000 after acquiring an additional 37 shares in the last quarter. Hazlett Burt & Watson Inc. boosted its stake in Rockwell Automation by 17.5% in the 1st quarter. Hazlett Burt & Watson Inc. now owns 248 shares of the industrial products company’s stock valued at $72,000 after buying an additional 37 shares in the last quarter. CreativeOne Wealth LLC raised its holdings in Rockwell Automation by 3.0% during the 1st quarter. CreativeOne Wealth LLC now owns 1,277 shares of the industrial products company’s stock worth $372,000 after purchasing an additional 37 shares during the last quarter. Mather Group LLC. raised its holdings in shares of Rockwell Automation by 5.9% during the second quarter. Mather Group LLC. now owns 680 shares of the industrial products company’s stock worth $198,000 after acquiring an additional 38 shares during the period. Finally, Aviance Capital Partners LLC increased its holdings in Rockwell Automation by 3.0% during the fourth quarter. Aviance Capital Partners LLC now owns 1,398 shares of the industrial products company’s stock worth $434,000 after buying an additional 41 shares during the last quarter. Institutional investors and hedge funds own 75.75% of the company’s stock.

Insider Buying and Selling at Rockwell Automation

In other news, SVP Cyril Perducat sold 659 shares of the business’s stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $260.11, for a total transaction of $171,412.49. Following the sale, the senior vice president now directly owns 4,630 shares of the company’s stock, valued at $1,204,309.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, SVP Cyril Perducat sold 659 shares of the stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $260.11, for a total transaction of $171,412.49. Following the transaction, the senior vice president now owns 4,630 shares in the company, valued at approximately $1,204,309.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Tessa M. Myers sold 528 shares of the company’s stock in a transaction on Tuesday, June 11th. The stock was sold at an average price of $253.78, for a total transaction of $133,995.84. Following the sale, the senior vice president now directly owns 3,718 shares of the company’s stock, valued at approximately $943,554.04. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,732 shares of company stock worth $445,133. Insiders own 0.68% of the company’s stock.

Rockwell Automation Trading Up 0.9 %

ROK traded up $2.43 during trading on Friday, reaching $268.95. 223,999 shares of the stock traded hands, compared to its average volume of 930,683. The stock has a market capitalization of $30.66 billion, a PE ratio of 26.25, a P/E/G ratio of 4.71 and a beta of 1.37. The company has a quick ratio of 0.74, a current ratio of 1.11 and a debt-to-equity ratio of 0.69. The stock’s 50-day moving average is $266.81 and its 200 day moving average is $272.28. Rockwell Automation, Inc. has a 12 month low of $242.81 and a 12 month high of $314.80.

Rockwell Automation (NYSE:ROK) last posted its earnings results on Wednesday, August 7th. The industrial products company reported $2.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.08 by $0.63. Rockwell Automation had a net margin of 13.19% and a return on equity of 34.83%. The business had revenue of $2.05 billion for the quarter, compared to analysts’ expectations of $2.03 billion. During the same period in the prior year, the company posted $3.01 EPS. The business’s revenue for the quarter was down 8.4% compared to the same quarter last year. Equities analysts anticipate that Rockwell Automation, Inc. will post 10.07 earnings per share for the current year.

Rockwell Automation Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Investors of record on Monday, August 12th will be issued a $1.25 dividend. The ex-dividend date is Monday, August 12th. This represents a $5.00 dividend on an annualized basis and a yield of 1.86%. Rockwell Automation’s dividend payout ratio is presently 48.88%.

Wall Street Analysts Forecast Growth

ROK has been the topic of a number of analyst reports. Redburn Atlantic started coverage on shares of Rockwell Automation in a research report on Monday, July 8th. They set a “neutral” rating and a $256.00 target price on the stock. Mizuho decreased their price objective on Rockwell Automation from $265.00 to $260.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 8th. Robert W. Baird lowered their price objective on shares of Rockwell Automation from $304.00 to $280.00 and set an “outperform” rating for the company in a research note on Thursday, August 8th. Barclays lowered their price target on Rockwell Automation from $250.00 to $245.00 and set an “underweight” rating on the stock in a report on Wednesday, July 10th. Finally, Citigroup decreased their price target on shares of Rockwell Automation from $322.00 to $316.00 and set a “buy” rating on the stock in a research note on Wednesday, May 8th. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $280.14.

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.