Sequoia Financial Advisors LLC Sells 27,464 Shares of Rockwell Automation, Inc. (NYSE:ROK)

Sequoia Financial Advisors LLC trimmed its position in shares of Rockwell Automation, Inc. (NYSE:ROK) by 85.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,692 shares of the industrial products company’s stock after selling 27,464 shares during the period. Sequoia Financial Advisors LLC’s holdings in Rockwell Automation were worth $1,367,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the company. J.W. Cole Advisors Inc. grew its holdings in Rockwell Automation by 7.1% during the 1st quarter. J.W. Cole Advisors Inc. now owns 2,119 shares of the industrial products company’s stock valued at $617,000 after purchasing an additional 141 shares during the last quarter. Hartline Investment Corp bought a new position in Rockwell Automation during the 1st quarter valued at about $847,000. Norden Group LLC bought a new position in Rockwell Automation during the 1st quarter valued at about $2,003,000. Dillon & Associates Inc. grew its holdings in Rockwell Automation by 12.5% during the 1st quarter. Dillon & Associates Inc. now owns 9,105 shares of the industrial products company’s stock valued at $2,650,000 after purchasing an additional 1,010 shares during the last quarter. Finally, Fortis Group Advisors LLC grew its holdings in Rockwell Automation by 47.0% during the 1st quarter. Fortis Group Advisors LLC now owns 1,116 shares of the industrial products company’s stock valued at $325,000 after purchasing an additional 357 shares during the last quarter. 75.75% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Mizuho cut their price target on shares of Rockwell Automation from $265.00 to $260.00 and set a “neutral” rating on the stock in a report on Wednesday, May 8th. Wells Fargo & Company dropped their target price on shares of Rockwell Automation from $320.00 to $312.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 8th. Loop Capital dropped their target price on shares of Rockwell Automation from $300.00 to $290.00 and set a “hold” rating on the stock in a research note on Tuesday, May 14th. Robert W. Baird dropped their target price on shares of Rockwell Automation from $310.00 to $304.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 8th. Finally, Citigroup dropped 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 note on Wednesday, May 8th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, Rockwell Automation has a consensus rating of “Hold” and a consensus price target of $305.08.

Insider Buying and Selling at Rockwell Automation

In other Rockwell Automation news, VP John M. Miller sold 467 shares of the company’s stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $273.27, for a total transaction of $127,617.09. Following the transaction, the vice president now owns 4,800 shares in the company, valued at approximately $1,311,696. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Rockwell Automation news, SVP Tessa M. Myers sold 528 shares of the company’s stock in a transaction that occurred on Tuesday, June 11th. The shares were sold at an average price of $253.78, for a total transaction of $133,995.84. Following the transaction, the senior vice president now owns 3,718 shares in the company, valued at approximately $943,554.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP John M. Miller sold 467 shares of the stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $273.27, for a total transaction of $127,617.09. Following the completion of the sale, the vice president now owns 4,800 shares in the company, valued at approximately $1,311,696. The disclosure for this sale can be found here. In the last quarter, insiders have sold 2,199 shares of company stock worth $572,750. 0.68% of the stock is owned by corporate insiders.

Rockwell Automation Stock Down 0.9 %

NYSE:ROK traded down $2.27 during midday trading on Friday, reaching $264.07. 490,924 shares of the stock traded hands, compared to its average volume of 950,510. Rockwell Automation, Inc. has a 12-month low of $249.00 and a 12-month high of $348.52. The business has a 50-day moving average of $265.15 and a two-hundred day moving average of $280.46. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.74 and a current ratio of 1.11. The stock has a market capitalization of $30.10 billion, a PE ratio of 25.81, a price-to-earnings-growth ratio of 4.40 and a beta of 1.37.

Rockwell Automation (NYSE:ROK) last posted its earnings results on Wednesday, May 8th. The industrial products company reported $2.50 EPS for the quarter, beating analysts’ consensus estimates of $2.15 by $0.35. Rockwell Automation had a net margin of 13.19% and a return on equity of 34.83%. The company had revenue of $2.13 billion during the quarter, compared to analysts’ expectations of $2.05 billion. During the same quarter in the prior year, the company posted $3.01 earnings per share. Rockwell Automation’s revenue for the quarter was down 6.6% compared to the same quarter last year. On average, equities analysts forecast that Rockwell Automation, Inc. will post 10.15 earnings per share for the current fiscal year.

Rockwell Automation Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Shareholders of record on Monday, August 12th will be paid a dividend of $1.25 per share. The ex-dividend date of this dividend is Monday, August 12th. This represents a $5.00 dividend on an annualized basis and a yield of 1.89%. Rockwell Automation’s payout ratio is 48.88%.

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.