Mitsubishi UFJ Trust & Banking Corp Sells 3,982 Shares of Rockwell Automation, Inc. (NYSE:ROK)

Mitsubishi UFJ Trust & Banking Corp decreased its position in shares of Rockwell Automation, Inc. (NYSE:ROK) by 5.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 64,806 shares of the industrial products company’s stock after selling 3,982 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in Rockwell Automation were worth $18,877,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Riverview Trust Co bought a new stake in Rockwell Automation during the first quarter worth about $28,000. Bfsg LLC bought a new stake in Rockwell Automation during the first quarter worth about $29,000. Security National Bank bought a new stake in Rockwell Automation during the fourth quarter worth about $40,000. Cooksen Wealth LLC bought a new stake in Rockwell Automation during the fourth quarter worth about $40,000. Finally, Fortitude Family Office LLC bought a new stake in Rockwell Automation during the fourth quarter worth about $46,000. Institutional investors own 75.75% of the company’s stock.

Rockwell Automation Trading Down 1.0 %

Shares of ROK stock traded down $2.70 during mid-day trading on Friday, reaching $269.76. The stock had a trading volume of 764,429 shares, compared to its average volume of 1,011,232. The stock’s 50-day moving average price is $265.68 and its two-hundred day moving average price is $277.97. Rockwell Automation, Inc. has a 52-week low of $249.00 and a 52-week high of $344.54. The firm has a market capitalization of $30.75 billion, a PE ratio of 26.37, a price-to-earnings-growth ratio of 4.47 and a beta of 1.37. The company has a current ratio of 1.11, a quick ratio of 0.74 and a debt-to-equity ratio of 0.69.

Rockwell Automation (NYSE:ROK) last released its quarterly earnings data on Wednesday, May 8th. The industrial products company reported $2.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $2.05 billion. During the same quarter in the previous year, the company earned $3.01 earnings per share. The company’s revenue for the quarter was down 6.6% compared to the same quarter last year. Equities analysts expect that Rockwell Automation, Inc. will post 10.12 earnings per share for the current fiscal year.

Rockwell Automation Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th. Shareholders of record on Monday, August 12th will be given a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.85%. The ex-dividend date is Monday, August 12th. Rockwell Automation’s payout ratio is 48.88%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Wells Fargo & Company cut their price objective on shares of Rockwell Automation from $312.00 to $305.00 and set an “overweight” rating for the company in a research report on Wednesday, July 10th. Robert W. Baird lowered their target price on Rockwell Automation from $310.00 to $304.00 and set an “outperform” rating for the company in a research note on Wednesday, May 8th. Citigroup lowered their target price on Rockwell Automation from $322.00 to $316.00 and set a “buy” rating for the company in a research note on Wednesday, May 8th. Redburn Atlantic started coverage on Rockwell Automation in a research note on Monday, July 8th. They set a “neutral” rating and a $256.00 target price for the company. Finally, Loop Capital lowered their price target on shares of Rockwell Automation from $300.00 to $290.00 and set a “hold” rating for the company in a report on Tuesday, May 14th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, Rockwell Automation presently has an average rating of “Hold” and an average price target of $300.71.

Insider Buying and Selling at Rockwell Automation

In other news, VP John M. Miller sold 467 shares of Rockwell Automation stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $273.27, for a total transaction of $127,617.09. Following the sale, the vice president now owns 4,800 shares of the company’s stock, valued at approximately $1,311,696. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, SVP Tessa M. Myers sold 248 shares of the business’s stock in a transaction dated Friday, June 7th. The shares were sold at an average price of $256.37, for a total transaction of $63,579.76. Following the sale, the senior vice president now owns 4,246 shares of the company’s stock, valued at $1,088,547.02. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP John M. Miller sold 467 shares of the business’s stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $273.27, for a total transaction of $127,617.09. Following the sale, the vice president now directly owns 4,800 shares in the company, valued at approximately $1,311,696. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 2,199 shares of company stock worth $572,750. 0.68% of the stock is currently owned by company insiders.

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.