Symphony Financial Ltd. Co. Has $471,000 Holdings in Rockwell Automation, Inc. (NYSE:ROK)

Symphony Financial Ltd. Co. decreased its holdings in shares of Rockwell Automation, Inc. (NYSE:ROK) by 59.2% in the 4th quarter, Holdings Channel reports. The fund owned 1,619 shares of the industrial products company’s stock after selling 2,350 shares during the period. Symphony Financial Ltd. Co.’s holdings in Rockwell Automation were worth $471,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Richardson Financial Services Inc. increased its holdings in shares of Rockwell Automation by 100.0% during the third quarter. Richardson Financial Services Inc. now owns 96 shares of the industrial products company’s stock worth $26,000 after buying an additional 48 shares in the last quarter. Ashton Thomas Securities LLC bought a new stake in Rockwell Automation during the 3rd quarter worth $26,000. West Oak Capital LLC increased its holdings in Rockwell Automation by 455.6% in the 4th quarter. West Oak Capital LLC now owns 100 shares of the industrial products company’s stock worth $29,000 after purchasing an additional 82 shares in the last quarter. Darwin Wealth Management LLC bought a new position in Rockwell Automation in the third quarter valued at about $34,000. Finally, Heck Capital Advisors LLC acquired a new stake in shares of Rockwell Automation during the fourth quarter valued at about $57,000. Institutional investors own 75.75% of the company’s stock.

Rockwell Automation Stock Performance

ROK opened at $278.19 on Friday. Rockwell Automation, Inc. has a 1-year low of $242.81 and a 1-year high of $304.29. The company has a market cap of $31.44 billion, a price-to-earnings ratio of 33.60, a PEG ratio of 3.00 and a beta of 1.36. The company’s fifty day moving average price is $288.35 and its two-hundred day moving average price is $275.31. 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 posted its earnings results 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 company had revenue of $2.04 billion for the quarter, compared to analyst estimates of $2.06 billion. Rockwell Automation had a net margin of 11.53% and a return on equity of 30.42%. The firm’s revenue was down 20.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.64 EPS. On average, analysts expect that Rockwell Automation, Inc. will post 9.32 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on ROK shares. Citigroup upped their price objective on Rockwell Automation from $313.00 to $345.00 and gave the company a “buy” rating in a research note on Monday, December 9th. Stephens upgraded shares of Rockwell Automation from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $275.00 to $350.00 in a research report on Thursday, January 16th. Morgan Stanley lifted their price target on shares of Rockwell Automation from $320.00 to $335.00 and gave the stock an “overweight” rating in a report on Friday, November 15th. UBS Group began 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 on the stock. Finally, Robert W. Baird raised their target price on Rockwell Automation from $290.00 to $305.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 26th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $304.16.

Insider Activity

In other news, VP Scott Genereux sold 278 shares of the stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $302.04, for a total value of $83,967.12. Following the completion of the sale, the vice president now owns 3,184 shares in the company, valued at $961,695.36. This represents a 8.03 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Blake D. Moret sold 26,700 shares of the business’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $298.63, for a total transaction of $7,973,421.00. Following the transaction, the chief executive officer now owns 78,115 shares in the company, valued at approximately $23,327,482.45. This trade represents a 25.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 36,436 shares of company stock worth $10,832,549 over the last 90 days. 0.68% of the stock is currently owned by corporate insiders.

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.