Rockwell Automation, Inc. (NYSE:ROK) Shares Sold by Cobblestone Capital Advisors LLC NY

Cobblestone Capital Advisors LLC NY decreased its position in shares of Rockwell Automation, Inc. (NYSE:ROK) by 9.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 753 shares of the industrial products company’s stock after selling 82 shares during the quarter. Cobblestone Capital Advisors LLC NY’s holdings in Rockwell Automation were worth $215,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Ashton Thomas Securities LLC purchased a new stake in Rockwell Automation in the 3rd quarter valued at $26,000. West Oak Capital LLC grew its position in Rockwell Automation by 455.6% during the 4th quarter. West Oak Capital LLC now owns 100 shares of the industrial products company’s stock worth $29,000 after purchasing an additional 82 shares during the last quarter. Darwin Wealth Management LLC purchased a new position in Rockwell Automation during the 3rd quarter worth $34,000. Bank of Jackson Hole Trust purchased a new position in Rockwell Automation during the 4th quarter worth $34,000. Finally, Asset Planning Inc purchased a new position in shares of Rockwell Automation during the fourth quarter worth about $49,000. Institutional investors and hedge funds own 75.75% of the company’s stock.

Insider Buying and Selling at Rockwell Automation

In related news, VP Scott Genereux sold 278 shares of the stock in a transaction on Monday, December 9th. The stock was sold at an average price of $302.04, for a total transaction of $83,967.12. Following the sale, the vice president now owns 3,184 shares of the company’s stock, valued at $961,695.36. This trade represents a 8.03 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Blake D. Moret sold 1,741 shares of the firm’s stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $296.67, for a total transaction of $516,502.47. Following the sale, the chief executive officer now directly owns 80,309 shares in the company, valued at $23,825,271.03. This represents a 2.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 6,540 shares of company stock worth $1,935,134. 0.68% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities analysts recently issued reports on ROK shares. Barclays raised their price target on Rockwell Automation from $285.00 to $300.00 and gave the stock an “equal weight” rating in a report on Tuesday, February 11th. JPMorgan Chase & Co. lowered their target price on Rockwell Automation from $245.00 to $240.00 and set an “underweight” rating on the stock in a research note on Wednesday, January 15th. Jefferies Financial Group upgraded shares of Rockwell Automation from a “hold” rating to a “buy” rating and lifted their price objective for the company from $290.00 to $350.00 in a research report on Thursday, December 12th. Oppenheimer lifted their price objective on shares of Rockwell Automation from $300.00 to $320.00 and gave the company an “outperform” rating in a research report on Tuesday, February 11th. Finally, KeyCorp upgraded shares of Rockwell Automation from a “sector weight” rating to an “overweight” rating and set a $345.00 price objective on the stock in a research report on Monday, December 9th. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $307.55.

Rockwell Automation Stock Up 1.1 %

Rockwell Automation stock opened at $287.51 on Friday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.72 and a current ratio of 1.08. The firm has a market capitalization of $32.51 billion, a price-to-earnings ratio of 35.80, a price-to-earnings-growth ratio of 3.53 and a beta of 1.35. Rockwell Automation, Inc. has a fifty-two week low of $242.81 and a fifty-two week high of $308.70. The stock’s fifty day moving average is $286.05 and its two-hundred day moving average is $278.47.

Rockwell Automation (NYSE:ROK) last issued its quarterly earnings data on Monday, February 10th. The industrial products company reported $1.83 EPS for the quarter, beating analysts’ consensus estimates of $1.61 by $0.22. Rockwell Automation had a net margin of 11.38% and a return on equity of 30.17%. Analysts predict that Rockwell Automation, Inc. will post 9.35 EPS for the current fiscal year.

Rockwell Automation Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Tuesday, February 18th will be given a $1.31 dividend. The ex-dividend date is Tuesday, February 18th. This represents a $5.24 annualized dividend and a dividend yield of 1.82%. Rockwell Automation’s dividend payout ratio is presently 65.26%.

Rockwell Automation Company Profile

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.