EP Wealth Advisors LLC Sells 1,415 Shares of Rockwell Automation, Inc. (NYSE:ROK)

EP Wealth Advisors LLC trimmed its holdings in shares of Rockwell Automation, Inc. (NYSE:ROK) by 8.1% during the fourth quarter, HoldingsChannel reports. The fund owned 16,093 shares of the industrial products company’s stock after selling 1,415 shares during the quarter. EP Wealth Advisors LLC’s holdings in Rockwell Automation were worth $4,997,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Syon Capital LLC grew its holdings in Rockwell Automation by 24.1% during the 4th quarter. Syon Capital LLC now owns 923 shares of the industrial products company’s stock worth $287,000 after acquiring an additional 179 shares during the last quarter. Kampmann Melissa S. boosted its stake in shares of Rockwell Automation by 1.1% in the 4th quarter. Kampmann Melissa S. now owns 12,207 shares of the industrial products company’s stock valued at $3,790,000 after purchasing an additional 130 shares during the last quarter. V Square Quantitative Management LLC boosted its stake in shares of Rockwell Automation by 32.4% in the 4th quarter. V Square Quantitative Management LLC now owns 2,090 shares of the industrial products company’s stock valued at $649,000 after purchasing an additional 511 shares during the last quarter. GLOBALT Investments LLC GA bought a new stake in shares of Rockwell Automation in the 4th quarter valued at $682,000. Finally, Clarity Capital Partners LLC bought a new stake in shares of Rockwell Automation in the 4th quarter valued at $362,000. 75.75% of the stock is owned by institutional investors.

Insider Transactions at Rockwell Automation

In related news, SVP Tessa M. Myers sold 528 shares of the stock in a transaction dated Tuesday, June 11th. The shares were sold at an average price of $253.78, for a total transaction of $133,995.84. Following the completion of the transaction, the senior vice president now owns 3,718 shares in the company, valued at $943,554.04. The transaction was disclosed in a document filed with the SEC, which is available through this link. In related news, SVP Cyril Perducat sold 659 shares of the firm’s stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $260.11, for a total transaction of $171,412.49. Following the completion of the sale, the senior vice president now owns 4,630 shares in the company, valued at $1,204,309.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Tessa M. Myers sold 528 shares of the firm’s stock in a transaction dated Tuesday, June 11th. The stock was sold at an average price of $253.78, for a total transaction of $133,995.84. Following the sale, the senior vice president now owns 3,718 shares of the company’s stock, valued at approximately $943,554.04. The disclosure for this sale can be found here. Insiders sold a total of 2,199 shares of company stock worth $572,750 in the last quarter. 0.68% of the stock is currently owned by corporate insiders.

Rockwell Automation Stock Down 2.4 %

ROK traded down $6.33 during trading on Friday, hitting $254.39. 741,059 shares of the company’s stock were exchanged, compared to its average volume of 718,507. The company has a quick ratio of 0.74, a current ratio of 1.11 and a debt-to-equity ratio of 0.69. The business’s 50 day moving average is $269.74 and its two-hundred day moving average is $282.47. Rockwell Automation, Inc. has a fifty-two week low of $249.00 and a fifty-two week high of $348.52. The stock has a market cap of $29.00 billion, a P/E ratio of 24.87, a PEG ratio of 4.07 and a beta of 1.37.

Rockwell Automation (NYSE:ROK) last posted its earnings results on Wednesday, May 8th. The industrial products company reported $2.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.15 by $0.35. Rockwell Automation had a net margin of 13.19% and a return on equity of 34.83%. The firm had revenue of $2.13 billion during the quarter, compared to analyst estimates of $2.05 billion. During the same quarter in the prior year, the business posted $3.01 EPS. The business’s revenue was down 6.6% compared to the same quarter last year. As a group, equities analysts expect that Rockwell Automation, Inc. will post 10.14 earnings per share for the current fiscal year.

Rockwell Automation Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Monday, August 12th will be paid a $1.25 dividend. The ex-dividend date is Monday, August 12th. This represents a $5.00 annualized dividend and a dividend yield of 1.97%. Rockwell Automation’s payout ratio is 48.88%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on ROK shares. Loop Capital reduced their price objective on shares of Rockwell Automation from $300.00 to $290.00 and set a “hold” rating on the stock in a research note on Tuesday, May 14th. Wells Fargo & Company reduced their price objective on shares of Rockwell Automation from $320.00 to $312.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 8th. JPMorgan Chase & Co. reiterated an “underweight” rating and set a $254.00 target price on shares of Rockwell Automation in a research report on Thursday, March 21st. Robert W. Baird dropped their target price on shares of Rockwell Automation from $310.00 to $304.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 8th. Finally, Berenberg Bank reiterated a “hold” rating and set a $290.00 target price (down previously from $330.00) on shares of Rockwell Automation in a research report on Wednesday, March 6th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $307.21.

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.