Cwm LLC Decreases Stock Position in Rockwell Automation, Inc. (NYSE:ROK)

Cwm LLC trimmed its position in Rockwell Automation, Inc. (NYSE:ROK) by 3.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,565 shares of the industrial products company’s stock after selling 96 shares during the quarter. Cwm LLC’s holdings in Rockwell Automation were worth $796,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of ROK. Valeo Financial Advisors LLC grew its holdings in Rockwell Automation by 1.9% during the fourth quarter. Valeo Financial Advisors LLC now owns 1,915 shares of the industrial products company’s stock worth $595,000 after acquiring an additional 35 shares during the period. Bison Wealth LLC grew its holdings in Rockwell Automation by 3.3% in the fourth 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 period. Raleigh Capital Management Inc. grew its holdings in Rockwell Automation by 24.2% in the third quarter. Raleigh Capital Management Inc. now owns 195 shares of the industrial products company’s stock valued at $56,000 after purchasing an additional 38 shares during the period. Cottage Street Advisors LLC grew its holdings in Rockwell Automation by 3.8% in the fourth quarter. Cottage Street Advisors LLC now owns 1,038 shares of the industrial products company’s stock valued at $319,000 after purchasing an additional 38 shares during the period. Finally, XML Financial LLC grew its holdings in Rockwell Automation by 2.7% in the third quarter. XML Financial LLC now owns 1,549 shares of the industrial products company’s stock valued at $443,000 after purchasing an additional 40 shares during the period. 75.75% of the stock is currently owned by hedge funds and other institutional investors.

Rockwell Automation Price Performance

ROK stock opened at $279.97 on Tuesday. Rockwell Automation, Inc. has a 12-month low of $252.11 and a 12-month high of $348.52. The company has a market capitalization of $32.08 billion, a PE ratio of 26.64, a P/E/G ratio of 2.83 and a beta of 1.43. 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 business’s fifty day moving average price is $282.51 and its 200 day moving average price is $283.46.

Rockwell Automation (NYSE:ROK) last released its quarterly earnings data on Wednesday, January 31st. The industrial products company reported $2.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.62 by ($0.58). The business had revenue of $2.05 billion for the quarter, compared to analyst estimates of $2.08 billion. Rockwell Automation had a return on equity of 37.22% and a net margin of 13.35%. During the same period in the prior year, the company posted $2.46 earnings per share. On average, sell-side analysts anticipate that Rockwell Automation, Inc. will post 11.98 EPS for the current year.

Rockwell Automation Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Monday, May 13th will be given a dividend of $1.25 per share. The ex-dividend date of this dividend is Friday, May 10th. This represents a $5.00 annualized dividend and a dividend yield of 1.79%. Rockwell Automation’s dividend payout ratio is currently 47.57%.

Wall Street Analyst Weigh In

Several analysts have commented on the company. JPMorgan Chase & Co. reissued an “underweight” rating and issued a $254.00 price objective on shares of Rockwell Automation in a report on Thursday, March 21st. Citigroup lowered their price target on Rockwell Automation from $330.00 to $322.00 and set a “buy” rating on the stock in a research note on Monday, April 8th. Mizuho lowered their price target on Rockwell Automation from $300.00 to $265.00 and set a “neutral” rating on the stock in a research note on Thursday, February 1st. Berenberg Bank reaffirmed a “hold” rating and issued a $290.00 price target (down from $330.00) on shares of Rockwell Automation in a research note on Wednesday, March 6th. Finally, Oppenheimer reduced their price objective on Rockwell Automation from $324.00 to $300.00 and set an “outperform” rating on the stock in a research report on Thursday, February 1st. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Rockwell Automation has a consensus rating of “Hold” and an average target price of $310.08.

Insider Transactions at Rockwell Automation

In other Rockwell Automation news, VP Brian A. Shepherd sold 637 shares of the company’s stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $262.87, for a total transaction of $167,448.19. Following the completion of the sale, the vice president now directly owns 5,088 shares of the company’s stock, valued at approximately $1,337,482.56. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, VP Brian A. Shepherd sold 637 shares of the stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $262.87, for a total transaction of $167,448.19. Following the completion of the transaction, the vice president now directly owns 5,088 shares of the company’s stock, valued at approximately $1,337,482.56. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Blake D. Moret bought 3,500 shares of the business’s stock in a transaction dated Monday, February 12th. The shares were acquired at an average cost of $283.64 per share, with a total value of $992,740.00. Following the completion of the purchase, the chief executive officer now owns 77,215 shares in the company, valued at approximately $21,901,262.60. The disclosure for this purchase can be found here. In the last ninety days, insiders sold 17,877 shares of company stock valued at $5,058,772. 0.68% of the stock is currently owned by corporate insiders.

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.