CENTRAL TRUST Co Sells 60 Shares of Rockwell Automation, Inc. (NYSE:ROK)

CENTRAL TRUST Co decreased its position in Rockwell Automation, Inc. (NYSE:ROK) by 8.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 654 shares of the industrial products company’s stock after selling 60 shares during the period. CENTRAL TRUST Co’s holdings in Rockwell Automation were worth $187,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of ROK. Czech National Bank lifted its stake in Rockwell Automation by 6.4% during the 3rd quarter. Czech National Bank now owns 23,114 shares of the industrial products company’s stock valued at $6,205,000 after acquiring an additional 1,389 shares during the period. GAMMA Investing LLC boosted its position in shares of Rockwell Automation by 31.4% during the 3rd quarter. GAMMA Investing LLC now owns 2,000 shares of the industrial products company’s stock valued at $537,000 after acquiring an additional 478 shares during the last quarter. Tealwood Asset Management Inc. bought a new position in shares of Rockwell Automation during the 3rd quarter valued at approximately $301,000. Talbot Financial LLC bought a new stake in Rockwell Automation in the third quarter worth $6,929,000. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors lifted its position in Rockwell Automation by 11.5% in the third quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 1,130 shares of the industrial products company’s stock worth $303,000 after buying an additional 117 shares during the last quarter. Institutional investors own 75.75% of the company’s stock.

Insider Buying and Selling

In other Rockwell Automation news, VP John M. Miller sold 467 shares of the company’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $284.07, for a total value of $132,660.69. Following the completion of the sale, the vice president now directly owns 4,800 shares in the company, valued at $1,363,536. This represents a 8.87 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Blake D. Moret sold 26,700 shares of the company’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $298.63, for a total value of $7,973,421.00. Following the completion of the transaction, the chief executive officer now directly owns 78,115 shares in the company, valued at approximately $23,327,482.45. This trade represents a 25.47 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 35,857 shares of company stock worth $10,678,037. 0.68% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on ROK shares. Morgan Stanley raised their price target on Rockwell Automation from $320.00 to $335.00 and gave the stock an “overweight” rating in a research report on Friday, November 15th. BNP Paribas started coverage on Rockwell Automation in a research note on Wednesday, November 13th. They set an “outperform” rating and a $345.00 price target on the stock. Stephens upgraded Rockwell Automation from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $275.00 to $350.00 in a research note on Thursday, January 16th. Oppenheimer lifted their target price on Rockwell Automation from $288.00 to $300.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. Finally, Robert W. Baird boosted their price target on Rockwell Automation from $290.00 to $305.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 26th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $304.16.

Rockwell Automation Trading Down 0.2 %

Shares of NYSE:ROK opened at $270.49 on Wednesday. Rockwell Automation, Inc. has a 12-month low of $242.81 and a 12-month high of $304.29. The company has a market capitalization of $30.57 billion, a PE ratio of 32.67, a PEG ratio of 3.00 and a beta of 1.35. The business has a 50 day moving average of $287.79 and a two-hundred day moving average of $275.08. The company has a current ratio of 1.08, a quick ratio of 0.72 and a debt-to-equity ratio of 0.70.

Rockwell Automation (NYSE:ROK) last posted its quarterly earnings data on Thursday, November 7th. The industrial products company reported $2.47 EPS for the quarter, beating analysts’ consensus estimates of $2.40 by $0.07. The business had revenue of $2.04 billion during the quarter, compared to analysts’ expectations of $2.06 billion. Rockwell Automation had a return on equity of 30.42% and a net margin of 11.53%. The business’s revenue was down 20.6% compared to the same quarter last year. During the same period in the previous year, the business earned $3.64 earnings per share. As a group, analysts forecast that Rockwell Automation, Inc. will post 9.32 EPS for the current year.

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.