C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors Sells 109 Shares of Rockwell Automation, Inc. (NYSE:ROK)

C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors lessened its position in shares of Rockwell Automation, Inc. (NYSE:ROK) by 9.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,021 shares of the industrial products company’s stock after selling 109 shares during the period. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors’ holdings in Rockwell Automation were worth $292,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Gladstone Institutional Advisory LLC increased its holdings in Rockwell Automation by 33.2% during the 3rd quarter. Gladstone Institutional Advisory LLC now owns 1,377 shares of the industrial products company’s stock worth $370,000 after acquiring an additional 343 shares during the period. MCF Advisors LLC increased its holdings in shares of Rockwell Automation by 95.8% in the 4th quarter. MCF Advisors LLC now owns 2,332 shares of the industrial products company’s stock worth $667,000 after buying an additional 1,141 shares during the last quarter. Ameritas Advisory Services LLC increased its holdings in shares of Rockwell Automation by 99.1% in the 4th quarter. Ameritas Advisory Services LLC now owns 5,187 shares of the industrial products company’s stock worth $1,482,000 after buying an additional 2,582 shares during the last quarter. GSA Capital Partners LLP bought a new position in shares of Rockwell Automation in the 3rd quarter worth $912,000. Finally, Nomura Asset Management Co. Ltd. increased its holdings in shares of Rockwell Automation by 6.0% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 34,209 shares of the industrial products company’s stock worth $9,184,000 after buying an additional 1,928 shares during the last quarter. Institutional investors own 75.75% of the company’s stock.

Insider Transactions at Rockwell Automation

In other news, VP Terry L. Riesterer sold 850 shares of the firm’s stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $300.21, for a total value of $255,178.50. Following the completion of the sale, the vice president now directly owns 1,633 shares of the company’s stock, valued at approximately $490,242.93. This trade represents a 34.23 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Blake D. Moret sold 26,700 shares of the firm’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 completion of the sale, the chief executive officer now directly owns 78,115 shares of the company’s stock, valued at approximately $23,327,482.45. This represents a 25.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 36,240 shares of company stock valued at $10,800,555. Company insiders own 0.68% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on ROK shares. The Goldman Sachs Group increased their price target on shares of Rockwell Automation from $257.00 to $290.00 and gave the stock a “sell” rating in a report on Tuesday, February 11th. Jefferies Financial Group raised shares of Rockwell Automation from a “hold” rating to a “buy” rating and increased their price target for the stock from $290.00 to $350.00 in a report on Thursday, December 12th. UBS Group started coverage on shares of Rockwell Automation in a report on Wednesday, November 13th. They issued a “neutral” rating and a $313.00 price target on the stock. BNP Paribas lowered shares of Rockwell Automation from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 11th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Rockwell Automation from $245.00 to $240.00 and set an “underweight” rating on the stock in a report on Wednesday, January 15th. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $308.05.

Rockwell Automation Trading Up 1.2 %

Shares of ROK opened at $302.89 on Friday. The stock has a market capitalization of $34.25 billion, a P/E ratio of 37.72, a PEG ratio of 3.23 and a beta of 1.35. The company has a quick ratio of 0.72, a current ratio of 1.08 and a debt-to-equity ratio of 0.72. The firm has a fifty day simple moving average of $286.35 and a two-hundred day simple moving average of $276.66. Rockwell Automation, Inc. has a twelve month low of $242.81 and a twelve month high of $308.70.

Rockwell Automation (NYSE:ROK) last announced its quarterly earnings results on Monday, February 10th. The industrial products company reported $1.83 earnings per share for the quarter, beating the consensus estimate of $1.61 by $0.22. Rockwell Automation had a net margin of 11.38% and a return on equity of 30.17%. On average, research analysts anticipate that Rockwell Automation, Inc. will post 9.35 EPS for the current year.

Rockwell Automation Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Tuesday, February 18th will be given a $1.31 dividend. The ex-dividend date is Tuesday, February 18th. This represents a $5.24 annualized dividend and a dividend yield of 1.73%. Rockwell Automation’s dividend payout ratio is 65.26%.

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.