BI Asset Management Fondsmaeglerselskab A S Lowers Stock Holdings in Rockwell Automation, Inc. (NYSE:ROK)

BI Asset Management Fondsmaeglerselskab A S cut its holdings in shares of Rockwell Automation, Inc. (NYSE:ROKFree Report) by 49.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,770 shares of the industrial products company’s stock after selling 3,628 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S’s holdings in Rockwell Automation were worth $1,098,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in ROK. Valeo Financial Advisors LLC lifted its stake in Rockwell Automation by 1.9% in the fourth quarter. Valeo Financial Advisors LLC now owns 1,915 shares of the industrial products company’s stock valued at $595,000 after buying an additional 35 shares during the last quarter. Bison Wealth LLC lifted its position in Rockwell Automation by 3.3% in the 4th quarter. Bison Wealth LLC now owns 1,168 shares of the industrial products company’s stock valued at $363,000 after purchasing an additional 37 shares during the last quarter. Quadrant Capital Group LLC boosted its stake in Rockwell Automation by 3.4% during the 4th quarter. Quadrant Capital Group LLC now owns 1,115 shares of the industrial products company’s stock valued at $346,000 after purchasing an additional 37 shares during the period. Hazlett Burt & Watson Inc. boosted its stake in Rockwell Automation by 17.5% during the 1st quarter. Hazlett Burt & Watson Inc. now owns 248 shares of the industrial products company’s stock valued at $72,000 after purchasing an additional 37 shares during the period. Finally, Raleigh Capital Management Inc. grew its position in Rockwell Automation by 24.2% in the 3rd quarter. Raleigh Capital Management Inc. now owns 195 shares of the industrial products company’s stock worth $56,000 after purchasing an additional 38 shares during the last quarter. 75.75% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

ROK has been the subject of several analyst reports. Robert W. Baird reduced their price objective on Rockwell Automation from $310.00 to $304.00 and set an “outperform” rating for the company in a research report on Wednesday, May 8th. Wells Fargo & Company decreased their price target on Rockwell Automation from $320.00 to $312.00 and set an “overweight” rating for the company in a research note on Wednesday, May 8th. Mizuho lowered their price target on Rockwell Automation from $265.00 to $260.00 and set a “neutral” rating on the stock in a report on Wednesday, May 8th. JPMorgan Chase & Co. reaffirmed an “underweight” rating and issued a $254.00 price objective on shares of Rockwell Automation in a report on Thursday, March 21st. Finally, Citigroup decreased their target price on shares of Rockwell Automation from $322.00 to $316.00 and set a “buy” rating for the company in a research report on Wednesday, May 8th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, Rockwell Automation presently has an average rating of “Hold” and an average target price of $301.57.

Read Our Latest Analysis on Rockwell Automation

Insider Transactions at Rockwell Automation

In related 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 value 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, VP John M. Miller sold 467 shares of the stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $273.27, for a total value of $127,617.09. Following the completion of the sale, the vice president now directly owns 4,800 shares of the company’s stock, valued at approximately $1,311,696. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Tessa M. Myers sold 248 shares of Rockwell Automation stock in a transaction dated Friday, June 7th. The shares were sold at an average price of $256.37, for a total value of $63,579.76. Following the transaction, the senior vice president now directly owns 4,246 shares in the company, valued at approximately $1,088,547.02. The disclosure for this sale can be found here. Insiders have sold a total of 2,199 shares of company stock valued at $572,750 over the last ninety days. Corporate insiders own 0.68% of the company’s stock.

Rockwell Automation Price Performance

NYSE:ROK traded up $0.08 during trading hours on Wednesday, reaching $261.32. 84,709 shares of the company’s stock were exchanged, compared to its average volume of 987,070. The company has a market capitalization of $29.79 billion, a P/E ratio of 25.57, a price-to-earnings-growth ratio of 4.38 and a beta of 1.37. Rockwell Automation, Inc. has a 12 month low of $249.00 and a 12 month high of $348.52. The business’s 50-day simple moving average is $264.66 and its two-hundred day simple moving average is $279.47. The company has a quick ratio of 0.74, a current ratio of 1.11 and a debt-to-equity ratio of 0.69.

Rockwell Automation (NYSE:ROKGet Free Report) last released its quarterly earnings data on Wednesday, May 8th. The industrial products company reported $2.50 earnings per share for the quarter, topping the consensus estimate of $2.15 by $0.35. The business had revenue of $2.13 billion during the quarter, compared to analyst estimates of $2.05 billion. Rockwell Automation had a return on equity of 34.83% and a net margin of 13.19%. The company’s revenue was down 6.6% compared to the same quarter last year. During the same period last year, the company posted $3.01 EPS. Sell-side analysts expect that Rockwell Automation, Inc. will post 10.15 EPS for the current fiscal year.

Rockwell Automation Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 10th. Shareholders of record on Monday, August 12th will be issued a $1.25 dividend. This represents a $5.00 annualized dividend and a dividend yield of 1.91%. The ex-dividend date is Monday, August 12th. Rockwell Automation’s payout ratio is 48.88%.

About Rockwell Automation

(Free Report)

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.

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Institutional Ownership by Quarter for Rockwell Automation (NYSE:ROK)

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