Trillium Asset Management LLC Sells 2,499 Shares of Rockwell Automation, Inc. (NYSE:ROK)

Trillium Asset Management LLC decreased its holdings in shares of Rockwell Automation, Inc. (NYSE:ROK) by 3.7% during the 4th quarter, Holdings Channel reports. The firm owned 65,028 shares of the industrial products company’s stock after selling 2,499 shares during the quarter. Trillium Asset Management LLC’s holdings in Rockwell Automation were worth $18,584,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Xponance Inc. boosted its holdings in Rockwell Automation by 2.2% in the fourth quarter. Xponance Inc. now owns 17,405 shares of the industrial products company’s stock worth $4,974,000 after acquiring an additional 374 shares in the last quarter. Generali Asset Management SPA SGR bought a new position in Rockwell Automation in the fourth quarter worth approximately $1,360,000. Evoke Wealth LLC raised its stake in shares of Rockwell Automation by 157.5% in the fourth quarter. Evoke Wealth LLC now owns 5,896 shares of the industrial products company’s stock worth $1,685,000 after purchasing an additional 3,606 shares during the last quarter. Thrivent Financial for Lutherans raised its stake in shares of Rockwell Automation by 26.0% in the fourth quarter. Thrivent Financial for Lutherans now owns 514,690 shares of the industrial products company’s stock worth $147,093,000 after purchasing an additional 106,257 shares during the last quarter. Finally, Tocqueville Asset Management L.P. raised its stake in shares of Rockwell Automation by 1.5% in the fourth quarter. Tocqueville Asset Management L.P. now owns 72,995 shares of the industrial products company’s stock worth $20,861,000 after purchasing an additional 1,065 shares during the last quarter. Institutional investors own 75.75% of the company’s stock.

Rockwell Automation Trading Down 1.5 %

NYSE ROK opened at $258.02 on Wednesday. The company has a market capitalization of $29.18 billion, a price-to-earnings ratio of 32.13, a PEG ratio of 3.53 and a beta of 1.39. The stock’s 50-day simple moving average is $281.24 and its two-hundred day simple moving average is $278.68. The company has a quick ratio of 0.72, a current ratio of 1.08 and a debt-to-equity ratio of 0.72. Rockwell Automation, Inc. has a twelve month low of $242.81 and a twelve month high of $308.70.

Rockwell Automation (NYSE:ROK) last released its quarterly earnings data on Monday, February 10th. The industrial products company reported $1.83 EPS for the quarter, topping the consensus estimate of $1.61 by $0.22. Rockwell Automation had a return on equity of 30.17% and a net margin of 11.38%. Research analysts forecast that Rockwell Automation, Inc. will post 9.35 EPS for the current fiscal year.

Rockwell Automation Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Tuesday, February 18th were issued a dividend of $1.31 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $5.24 dividend on an annualized basis and a yield of 2.03%. Rockwell Automation’s dividend payout ratio is presently 65.26%.

Insider Activity at Rockwell Automation

In other Rockwell Automation news, VP Isaac Woods sold 895 shares of Rockwell Automation stock in a transaction that occurred on Friday, January 10th. The stock was sold at an average price of $274.72, for a total transaction of $245,874.40. Following the sale, the vice president now directly owns 1,198 shares of the company’s stock, valued at approximately $329,114.56. The trade was a 42.76 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Scott Genereux sold 500 shares of Rockwell Automation stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $290.14, for a total value of $145,070.00. Following the sale, the vice president now directly owns 1,905 shares in the company, valued at approximately $552,716.70. The trade was a 20.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 4,352 shares of company stock worth $1,246,298 in the last 90 days. Company insiders own 0.68% of the company’s stock.

Wall Street Analysts Forecast Growth

ROK has been the subject of a number of research analyst reports. Oppenheimer increased their price target on Rockwell Automation from $300.00 to $320.00 and gave the company an “outperform” rating in a research report on Tuesday, February 11th. Barclays decreased their price target on Rockwell Automation from $300.00 to $285.00 and set an “equal weight” rating for the company in a research report on Monday, March 10th. Jefferies Financial Group raised Rockwell Automation from a “hold” rating to a “buy” rating and increased their price objective for the company from $290.00 to $350.00 in a report on Thursday, December 12th. Citigroup raised their price target on Rockwell Automation from $345.00 to $350.00 and gave the stock a “buy” rating in a report on Tuesday, February 11th. Finally, Robert W. Baird raised their price target on Rockwell Automation from $305.00 to $315.00 and gave the stock an “outperform” rating in a report on Tuesday, February 11th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $307.68.

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.