HBK Sorce Advisory LLC Sells 58 Shares of Rockwell Automation, Inc. (NYSE:ROK)

HBK Sorce Advisory LLC decreased its holdings in shares of Rockwell Automation, Inc. (NYSE:ROK) by 2.8% in the fourth quarter, Holdings Channel.com reports. The firm owned 2,002 shares of the industrial products company’s stock after selling 58 shares during the period. HBK Sorce Advisory LLC’s holdings in Rockwell Automation were worth $572,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. State Street Corp grew its holdings in shares of Rockwell Automation by 0.3% during the third quarter. State Street Corp now owns 4,648,137 shares of the industrial products company’s stock valued at $1,247,839,000 after buying an additional 11,949 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Rockwell Automation by 0.5% during the third quarter. Geode Capital Management LLC now owns 2,683,202 shares of the industrial products company’s stock valued at $717,865,000 after buying an additional 14,040 shares during the last quarter. Amundi grew its holdings in shares of Rockwell Automation by 26.2% during the fourth quarter. Amundi now owns 2,073,594 shares of the industrial products company’s stock valued at $580,095,000 after buying an additional 430,498 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Rockwell Automation by 0.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,570,036 shares of the industrial products company’s stock valued at $448,701,000 after buying an additional 13,744 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Rockwell Automation by 6.4% during the third 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 valued at $303,041,000 after buying an additional 67,684 shares during the last quarter. Hedge funds and other institutional investors own 75.75% of the company’s stock.

Insider Buying and Selling at Rockwell Automation

In other Rockwell Automation news, VP Isaac Woods sold 895 shares of Rockwell Automation stock in a transaction on Friday, January 10th. The shares were sold at an average price of $274.72, for a total value of $245,874.40. Following the completion of the transaction, the vice president now directly owns 1,198 shares of the company’s stock, valued at $329,114.56. This trade represents a 42.76 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, VP Scott Genereux sold 500 shares of Rockwell Automation stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $290.14, for a total transaction of $145,070.00. Following the completion of the transaction, the vice president now directly owns 1,905 shares of the company’s stock, valued at $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. In the last ninety days, insiders have sold 4,352 shares of company stock worth $1,246,298. Insiders own 0.68% of the company’s stock.

Rockwell Automation Stock Up 1.9 %

Shares of ROK stock opened at $260.09 on Friday. The company has a market capitalization of $29.41 billion, a price-to-earnings ratio of 32.39, a PEG ratio of 3.53 and a beta of 1.39. Rockwell Automation, Inc. has a one year low of $242.81 and a one year high of $308.70. The company’s fifty day moving average price is $282.10 and its 200-day moving average price is $278.59. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.08 and a quick ratio of 0.72.

Rockwell Automation (NYSE:ROK) last announced its quarterly earnings results on Monday, February 10th. The industrial products company reported $1.83 earnings per share (EPS) 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%. Sell-side analysts expect that Rockwell Automation, Inc. will post 9.35 EPS for the current fiscal year.

Rockwell Automation Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Tuesday, February 18th were issued a $1.31 dividend. 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 2.01%. Rockwell Automation’s dividend payout ratio is currently 65.26%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. Jefferies Financial Group upgraded shares of Rockwell Automation from a “hold” rating to a “buy” rating and increased their price target for the company from $290.00 to $350.00 in a report on Thursday, December 12th. Oppenheimer raised their target price on shares of Rockwell Automation from $300.00 to $320.00 and gave the stock an “outperform” rating in a report on Tuesday, February 11th. Loop Capital raised their target price on shares of Rockwell Automation from $260.00 to $280.00 and gave the stock a “hold” rating in a report on Tuesday, February 25th. BNP Paribas cut shares of Rockwell Automation from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 11th. Finally, Barclays dropped their target price on shares of Rockwell Automation from $300.00 to $285.00 and set an “equal weight” rating on the stock in a report on Monday, March 10th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $307.68.

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.