Rockwell Automation, Inc. (NYSE:ROK) Shares Sold by Farther Finance Advisors LLC

Farther Finance Advisors LLC cut its stake in shares of Rockwell Automation, Inc. (NYSE:ROK) by 32.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,029 shares of the industrial products company’s stock after selling 494 shares during the quarter. Farther Finance Advisors LLC’s holdings in Rockwell Automation were worth $294,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. State Street Corp grew its stake in shares of Rockwell Automation by 0.3% during the 3rd quarter. State Street Corp now owns 4,648,137 shares of the industrial products company’s stock worth $1,247,839,000 after purchasing an additional 11,949 shares during the period. Geode Capital Management LLC raised its position in Rockwell Automation by 0.5% during the third quarter. Geode Capital Management LLC now owns 2,683,202 shares of the industrial products company’s stock worth $717,865,000 after acquiring an additional 14,040 shares during the last quarter. Amundi lifted its holdings in shares of Rockwell Automation by 26.2% in the fourth quarter. Amundi now owns 2,073,594 shares of the industrial products company’s stock valued at $580,095,000 after purchasing an additional 430,498 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Rockwell Automation by 0.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,570,036 shares of the industrial products company’s stock valued at $448,701,000 after purchasing an additional 13,744 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Rockwell Automation by 6.4% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,128,811 shares of the industrial products company’s stock worth $303,041,000 after purchasing an additional 67,684 shares in the last quarter. 75.75% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, VP Isaac Woods sold 895 shares of the company’s stock in a transaction on Friday, January 10th. The shares were sold at an average price of $274.72, for a total transaction of $245,874.40. Following the completion of the sale, the vice president now directly owns 1,198 shares of the company’s stock, valued at approximately $329,114.56. This represents a 42.76 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Terry L. Riesterer sold 850 shares of the business’s stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $300.21, for a total transaction of $255,178.50. Following the completion of the transaction, the vice president now owns 1,633 shares in the company, valued at $490,242.93. This represents a 34.23 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 4,352 shares of company stock valued at $1,246,298. Company insiders own 0.68% of the company’s stock.

Rockwell Automation Stock Down 1.5 %

Shares of NYSE ROK opened at $258.02 on Wednesday. Rockwell Automation, Inc. has a 52-week low of $242.81 and a 52-week high of $308.70. The firm has a fifty day moving average of $281.24 and a 200-day moving average of $278.68. The stock has a market capitalization of $29.18 billion, a PE ratio of 32.13, a P/E/G ratio of 3.53 and a beta of 1.39. The company has a quick ratio of 0.72, a current ratio of 1.08 and a debt-to-equity ratio of 0.72.

Rockwell Automation (NYSE:ROK) last announced its quarterly earnings results on Monday, February 10th. The industrial products company reported $1.83 earnings per share for the quarter, topping 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%. On average, analysts anticipate that Rockwell Automation, Inc. will post 9.35 EPS for the current year.

Rockwell Automation Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Tuesday, February 18th were given a dividend of $1.31 per share. The ex-dividend date was Tuesday, February 18th. This represents a $5.24 dividend on an annualized basis and a yield of 2.03%. Rockwell Automation’s dividend payout ratio (DPR) is 65.26%.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. The Goldman Sachs Group increased their target price on Rockwell Automation from $257.00 to $290.00 and gave the company a “sell” rating in a report on Tuesday, February 11th. Stephens raised Rockwell Automation from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $275.00 to $350.00 in a research note on Thursday, January 16th. Robert W. Baird boosted their target price on shares of Rockwell Automation from $305.00 to $315.00 and gave the company an “outperform” rating in a research note on Tuesday, February 11th. Oppenheimer raised their price target on shares of Rockwell Automation from $300.00 to $320.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 11th. Finally, JPMorgan Chase & Co. cut their price objective on shares of Rockwell Automation from $245.00 to $240.00 and set an “underweight” rating for the company in a research report on Wednesday, January 15th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, Rockwell Automation currently has an average rating of “Hold” and a consensus price target of $307.68.

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.