Kintegral Advisory LLC Lowers Stock Position in Rockwell Automation, Inc. (NYSE:ROK)

Kintegral Advisory LLC trimmed its position in shares of Rockwell Automation, Inc. (NYSE:ROK) by 4.5% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 2,501 shares of the industrial products company’s stock after selling 117 shares during the period. Kintegral Advisory LLC’s holdings in Rockwell Automation were worth $715,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Richardson Financial Services Inc. raised its holdings in shares of Rockwell Automation by 100.0% in the 3rd quarter. Richardson Financial Services Inc. now owns 96 shares of the industrial products company’s stock worth $26,000 after purchasing an additional 48 shares during the period. Ashton Thomas Securities LLC acquired a new stake in Rockwell Automation during the 3rd quarter worth approximately $26,000. West Oak Capital LLC increased its position in Rockwell Automation by 455.6% during 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 purchased a new position in Rockwell Automation in the third quarter valued at approximately $34,000. Finally, Bank of Jackson Hole Trust acquired a new position in Rockwell Automation during the fourth quarter valued at approximately $34,000. 75.75% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on ROK shares. Barclays increased their price objective on shares of Rockwell Automation from $285.00 to $300.00 and gave the stock an “equal weight” rating in a research report on Tuesday, February 11th. Morgan Stanley increased their price target on Rockwell Automation from $335.00 to $345.00 and gave the company an “overweight” rating in a report on Wednesday, February 12th. KeyCorp upgraded Rockwell Automation from a “sector weight” rating to an “overweight” rating and set a $345.00 price objective on the stock in a research note on Monday, December 9th. Robert W. Baird upped their target price on Rockwell Automation from $305.00 to $315.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 11th. Finally, HSBC upgraded 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. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $308.05.

Insider Buying and Selling at Rockwell Automation

In related news, VP Terry L. Riesterer sold 850 shares of Rockwell Automation stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $300.21, for a total value of $255,178.50. Following the transaction, the vice president now directly owns 1,633 shares in the company, valued at $490,242.93. The trade was a 34.23 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Blake D. Moret sold 26,700 shares of the company’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $298.63, for a total transaction of $7,973,421.00. Following the sale, the chief executive officer now directly owns 78,115 shares of the company’s stock, valued at $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. Over the last 90 days, insiders have sold 36,240 shares of company stock valued at $10,800,555. Corporate insiders own 0.68% of the company’s stock.

Rockwell Automation Trading Down 2.7 %

Shares of Rockwell Automation stock opened at $294.95 on Friday. The business has a fifty day simple moving average of $286.31 and a 200-day simple moving average of $277.35. Rockwell Automation, Inc. has a fifty-two week low of $242.81 and a fifty-two week high of $308.70. The firm has a market cap of $33.35 billion, a price-to-earnings ratio of 36.73, a price-to-earnings-growth ratio of 3.53 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.

Rockwell Automation (NYSE:ROK) last issued its quarterly earnings results on Monday, February 10th. The industrial products company reported $1.83 earnings per share for the quarter, beating analysts’ consensus estimates 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, equities 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 will be paid on Monday, March 10th. Shareholders of record on Tuesday, February 18th will be given a $1.31 dividend. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $5.24 annualized dividend and a yield of 1.78%. Rockwell Automation’s dividend payout ratio (DPR) is 65.26%.

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.