Rockwell Automation, Inc. (NYSE:ROK) Shares Sold by Pinnacle Wealth Management Advisory Group LLC

Pinnacle Wealth Management Advisory Group LLC reduced its position in shares of Rockwell Automation, Inc. (NYSE:ROK) by 7.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 853 shares of the industrial products company’s stock after selling 64 shares during the period. Pinnacle Wealth Management Advisory Group LLC’s holdings in Rockwell Automation were worth $265,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of ROK. JPMorgan Chase & Co. grew its holdings in shares of Rockwell Automation by 2.6% during the third quarter. JPMorgan Chase & Co. now owns 2,752,223 shares of the industrial products company’s stock worth $786,778,000 after purchasing an additional 70,272 shares during the last quarter. Massachusetts Financial Services Co. MA raised its holdings in Rockwell Automation by 9.9% during the third quarter. Massachusetts Financial Services Co. MA now owns 1,908,119 shares of the industrial products company’s stock worth $545,474,000 after purchasing an additional 172,577 shares in the last quarter. UBS Group AG boosted its holdings in Rockwell Automation by 0.3% in the 3rd quarter. UBS Group AG now owns 1,518,807 shares of the industrial products company’s stock valued at $434,181,000 after purchasing an additional 3,845 shares in the last quarter. Northern Trust Corp raised its stake in shares of Rockwell Automation by 3.2% during the 3rd quarter. Northern Trust Corp now owns 1,399,076 shares of the industrial products company’s stock worth $399,954,000 after buying an additional 43,992 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in shares of Rockwell Automation by 0.3% in the 4th quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 900,626 shares of the industrial products company’s stock valued at $279,626,000 after buying an additional 2,736 shares during the period. Institutional investors and hedge funds own 75.75% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have commented on ROK. Oppenheimer reduced their target price on Rockwell Automation from $324.00 to $300.00 and set an “outperform” rating for the company in a report on Thursday, February 1st. JPMorgan Chase & Co. reissued an “underweight” rating and set a $254.00 price objective on shares of Rockwell Automation in a report on Thursday, March 21st. Robert W. Baird reduced their price target on shares of Rockwell Automation from $310.00 to $304.00 and set an “outperform” rating for the company in a research report on Wednesday. Berenberg Bank restated a “hold” rating and issued a $290.00 price target (down previously from $330.00) on shares of Rockwell Automation in a report on Wednesday, March 6th. Finally, Citigroup decreased their target price on shares of Rockwell Automation from $322.00 to $316.00 and set a “buy” rating on the stock in a research report on Wednesday. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $307.93.

Rockwell Automation Price Performance

ROK stock traded down $1.75 during trading hours on Thursday, hitting $271.84. 971,574 shares of the stock traded hands, compared to its average volume of 1,022,522. The company has a current ratio of 1.25, a quick ratio of 0.80 and a debt-to-equity ratio of 0.76. The stock has a 50-day simple moving average of $281.90 and a 200 day simple moving average of $283.11. Rockwell Automation, Inc. has a one year low of $252.11 and a one year high of $348.52. The company has a market cap of $31.15 billion, a P/E ratio of 25.64, a P/E/G ratio of 2.77 and a beta of 1.43.

Rockwell Automation (NYSE:ROK) last issued its earnings results on Tuesday, May 7th. The industrial products company reported $2.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.15 by $0.35. Rockwell Automation had a return on equity of 37.22% and a net margin of 13.35%. The business had revenue of $2.13 billion for the quarter, compared to analysts’ expectations of $2.05 billion. During the same period in the previous year, the firm posted $3.01 EPS. The company’s quarterly revenue was down 6.6% on a year-over-year basis. Equities analysts forecast that Rockwell Automation, Inc. will post 11.98 earnings per share for the current year.

Rockwell Automation Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Monday, May 13th will be paid a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a yield of 1.84%. The ex-dividend date of this dividend is Friday, May 10th. Rockwell Automation’s dividend payout ratio (DPR) is currently 47.57%.

Insider Transactions at Rockwell Automation

In other Rockwell Automation news, CFO Nicholas C. Gangestad sold 1,989 shares of the business’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $288.17, for a total transaction of $573,170.13. Following the completion of the transaction, the chief financial officer now owns 12,217 shares of the company’s stock, valued at approximately $3,520,572.89. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, CFO Nicholas C. Gangestad sold 1,989 shares of Rockwell Automation stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $288.17, for a total transaction of $573,170.13. Following the sale, the chief financial officer now directly owns 12,217 shares of the company’s stock, valued at $3,520,572.89. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP Rebecca W. House sold 13,900 shares of the firm’s stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $283.02, for a total transaction of $3,933,978.00. Following the transaction, the senior vice president now owns 8,482 shares of the company’s stock, valued at approximately $2,400,575.64. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 17,240 shares of company stock valued at $4,891,324. 0.68% of the stock is owned by insiders.

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.