Savant Capital LLC Lowers Stock Position in Rockwell Automation, Inc. (NYSE:ROK)

Savant Capital LLC reduced its position in Rockwell Automation, Inc. (NYSE:ROK) by 18.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,377 shares of the industrial products company’s stock after selling 771 shares during the quarter. Savant Capital LLC’s holdings in Rockwell Automation were worth $1,048,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Bruce G. Allen Investments LLC acquired a new position in shares of Rockwell Automation in the 4th quarter valued at about $27,000. OFI Invest Asset Management purchased a new stake in Rockwell Automation during the third quarter worth approximately $26,000. Provence Wealth Management Group purchased a new stake in Rockwell Automation during the third quarter worth approximately $27,000. BluePath Capital Management LLC purchased a new position in shares of Rockwell Automation in the 3rd quarter valued at $29,000. Finally, Fortitude Family Office LLC acquired a new position in shares of Rockwell Automation during the 4th quarter valued at $46,000. Institutional investors and hedge funds own 75.75% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on ROK shares. JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $254.00 price target on shares of Rockwell Automation in a report on Thursday, March 21st. Citigroup reduced their price target on Rockwell Automation from $330.00 to $322.00 and set a “buy” rating on the stock in a research report on Monday, April 8th. Wells Fargo & Company reduced their target price on shares of Rockwell Automation from $357.00 to $320.00 and set an “overweight” rating on the stock in a research report on Thursday, February 1st. Oppenheimer cut their price objective on shares of Rockwell Automation from $324.00 to $300.00 and set an “outperform” rating on the stock in a report on Thursday, February 1st. Finally, Barclays lowered their target price on Rockwell Automation from $269.00 to $265.00 and set an “underweight” rating for the company in a research note on Tuesday, April 2nd. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $310.08.

Rockwell Automation Trading Up 1.5 %

Rockwell Automation stock opened at $274.05 on Friday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.80 and a current ratio of 1.25. Rockwell Automation, Inc. has a 1 year low of $252.11 and a 1 year high of $348.52. The firm’s 50-day moving average is $282.21 and its 200-day moving average is $283.15. The company has a market cap of $31.40 billion, a P/E ratio of 26.08, a PEG ratio of 2.72 and a beta of 1.43.

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

Rockwell Automation Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Monday, May 13th will be issued a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a dividend yield of 1.82%. The ex-dividend date of this dividend is Friday, May 10th. Rockwell Automation’s dividend payout ratio (DPR) is 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 dated 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 directly 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 Securities & Exchange Commission, which is available at the SEC website. In other Rockwell Automation news, CEO Blake D. Moret bought 3,500 shares of the business’s stock in a transaction that occurred on Monday, February 12th. The stock was 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 directly owns 77,215 shares in the company, valued at $21,901,262.60. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Nicholas C. Gangestad sold 1,989 shares of Rockwell Automation stock in a transaction that occurred on Monday, March 4th. The stock was 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 in the company, valued at approximately $3,520,572.89. The disclosure for this sale can be found here. Over the last quarter, insiders sold 17,240 shares of company stock worth $4,891,324. Insiders own 0.68% of the company’s stock.

Rockwell Automation 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.