Rockwell Automation, Inc. (NYSE:ROK) Shares Sold by Andina Capital Management LLC

Andina Capital Management LLC cut its holdings in shares of Rockwell Automation, Inc. (NYSE:ROK) by 30.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 753 shares of the industrial products company’s stock after selling 325 shares during the period. Andina Capital Management LLC’s holdings in Rockwell Automation were worth $215,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Accredited Investors Inc. grew its stake in shares of Rockwell Automation by 162,058.5% in the third quarter. Accredited Investors Inc. now owns 1,185,379 shares of the industrial products company’s stock worth $318,227,000 after purchasing an additional 1,184,648 shares in the last quarter. International Assets Investment Management LLC grew its position in Rockwell Automation by 29,591.7% in the 3rd quarter. International Assets Investment Management LLC now owns 936,178 shares of the industrial products company’s stock valued at $251,326,000 after buying an additional 933,025 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in Rockwell Automation by 33.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,556,292 shares of the industrial products company’s stock valued at $417,802,000 after buying an additional 390,784 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Rockwell Automation by 6.4% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,128,811 shares of the industrial products company’s stock worth $303,041,000 after buying an additional 67,684 shares in the last quarter. Finally, Natixis Advisors LLC lifted its stake in shares of Rockwell Automation by 97.4% in the 3rd quarter. Natixis Advisors LLC now owns 119,961 shares of the industrial products company’s stock worth $32,205,000 after acquiring an additional 59,203 shares during the period. 75.75% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently commented on ROK. Oppenheimer boosted their target price on Rockwell Automation from $288.00 to $300.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. Wells Fargo & Company raised their price objective on shares of Rockwell Automation from $293.00 to $305.00 and gave the company an “overweight” rating in a research report on Monday, October 7th. HSBC upgraded shares of Rockwell Automation from a “hold” rating to a “buy” rating and set a $355.00 target price on the stock in a report on Wednesday, December 11th. BNP Paribas started coverage on Rockwell Automation in a research report on Wednesday, November 13th. They issued an “outperform” rating and a $345.00 price target for the company. Finally, UBS Group started coverage on shares of Rockwell Automation in a research note on Wednesday, November 13th. They issued a “neutral” rating and a $313.00 price objective for the company. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $304.16.

Insider Buying and Selling

In other news, VP Isaac Woods sold 895 shares of the company’s stock in a transaction that occurred on Friday, January 10th. The stock was sold at an average price of $274.72, for a total value of $245,874.40. Following the sale, the vice president now directly owns 1,198 shares in the company, valued at approximately $329,114.56. This represents a 42.76 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Veena M. Lakkundi sold 579 shares of the stock in a transaction on Monday, November 4th. The stock was sold at an average price of $266.86, for a total value of $154,511.94. Following the transaction, the senior vice president now owns 4,576 shares of the company’s stock, valued at $1,221,151.36. This represents a 11.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 36,436 shares of company stock valued at $10,832,549. 0.68% of the stock is owned by company insiders.

Rockwell Automation Stock Down 0.9 %

ROK stock opened at $288.08 on Friday. Rockwell Automation, Inc. has a 1 year low of $242.81 and a 1 year high of $307.71. The company has a fifty day simple moving average of $288.50 and a 200 day simple moving average of $275.08. The firm has a market cap of $32.56 billion, a PE ratio of 34.79, a PEG ratio of 3.11 and a beta of 1.36. The company has a current ratio of 1.08, a quick ratio of 0.72 and a debt-to-equity ratio of 0.70.

Rockwell Automation (NYSE:ROK) last issued its quarterly earnings data on Thursday, November 7th. The industrial products company reported $2.47 earnings per share for the quarter, topping analysts’ consensus estimates of $2.40 by $0.07. The business had revenue of $2.04 billion during the quarter, compared to analysts’ expectations of $2.06 billion. Rockwell Automation had a net margin of 11.53% and a return on equity of 30.42%. Rockwell Automation’s revenue for the quarter was down 20.6% on a year-over-year basis. During the same period in the previous year, the company earned $3.64 earnings per share. Sell-side analysts anticipate that Rockwell Automation, Inc. will post 9.32 EPS for the current fiscal year.

Rockwell Automation Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Monday, November 18th were paid a $1.31 dividend. This is an increase from Rockwell Automation’s previous quarterly dividend of $1.25. The ex-dividend date of this dividend was Monday, November 18th. This represents a $5.24 annualized dividend and a dividend yield of 1.82%. Rockwell Automation’s dividend payout ratio (DPR) is presently 63.29%.

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.