Rockwell Automation, Inc. (NYSE:ROK) Shares Sold by Kickstand Ventures LLC.

Kickstand Ventures LLC. lessened its stake in Rockwell Automation, Inc. (NYSE:ROK) by 4.4% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,155 shares of the industrial products company’s stock after selling 53 shares during the period. Kickstand Ventures LLC.’s holdings in Rockwell Automation were worth $359,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the stock. OFI Invest Asset Management acquired a new position in Rockwell Automation during the 3rd quarter worth approximately $26,000. Provence Wealth Management Group purchased a new stake in shares of Rockwell Automation during the 3rd quarter worth approximately $27,000. Bruce G. Allen Investments LLC purchased a new stake in shares of Rockwell Automation during the 4th quarter worth approximately $27,000. Fortitude Family Office LLC purchased a new stake in shares of Rockwell Automation during the 4th quarter worth approximately $46,000. Finally, Raleigh Capital Management Inc. boosted its stake in shares of Rockwell Automation by 24.2% during the 3rd quarter. Raleigh Capital Management Inc. now owns 195 shares of the industrial products company’s stock worth $56,000 after acquiring an additional 38 shares in the last quarter. Institutional investors and hedge funds own 75.75% of the company’s stock.

Rockwell Automation Trading Down 0.7 %

Shares of ROK stock traded down $1.97 on Friday, reaching $269.14. 232,996 shares of the stock were exchanged, compared to its average volume of 1,014,083. Rockwell Automation, Inc. has a 1-year low of $252.11 and a 1-year high of $348.52. The stock has a market cap of $30.68 billion, a P/E ratio of 26.50, a price-to-earnings-growth ratio of 4.29 and a beta of 1.43. 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 firm has a 50 day moving average of $279.54 and a two-hundred day moving average of $283.23.

Rockwell Automation (NYSE:ROK) last announced its quarterly earnings results on Wednesday, May 8th. The industrial products company reported $2.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.15 by $0.35. Rockwell Automation had a return on equity of 34.83% and a net margin of 13.19%. The firm had revenue of $2.13 billion during the quarter, compared to the consensus estimate of $2.05 billion. During the same period in the prior year, the firm earned $3.01 EPS. The firm’s quarterly revenue was down 6.6% compared to the same quarter last year. On average, research analysts anticipate that Rockwell Automation, Inc. will post 10.17 EPS for the current year.

Rockwell Automation Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Monday, May 13th will be issued a $1.25 dividend. The ex-dividend date is Friday, May 10th. This represents a $5.00 annualized dividend and a yield of 1.86%. Rockwell Automation’s dividend payout ratio is currently 48.88%.

Insider Activity

In other news, 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 completion of the sale, the senior vice president now directly owns 8,482 shares in the company, valued at $2,400,575.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, VP Isaac Woods sold 150 shares of the stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $287.59, for a total transaction of $43,138.50. Following the transaction, the vice president now owns 1,199 shares of the company’s stock, valued at $344,820.41. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Rebecca W. House sold 13,900 shares of the 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 directly owns 8,482 shares in the company, valued at approximately $2,400,575.64. The disclosure for this sale can be found here. Insiders sold 17,006 shares of company stock worth $4,822,904 over the last ninety days. Corporate insiders own 0.68% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently commented on ROK. Berenberg Bank reissued a “hold” rating and set a $290.00 price target (down previously from $330.00) on shares of Rockwell Automation in a research note on Wednesday, March 6th. Oppenheimer reduced their target price on Rockwell Automation from $324.00 to $300.00 and set an “outperform” rating on the stock in a research note on Thursday, February 1st. Barclays reduced their target price on Rockwell Automation from $265.00 to $260.00 and set an “underweight” rating on the stock in a research note on Wednesday, May 8th. Mizuho reduced their target price 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. Finally, Citigroup reduced their target price on Rockwell Automation from $322.00 to $316.00 and set a “buy” rating on the stock in a research note on Wednesday, May 8th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $307.93.

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.