Rockwell Automation, Inc. (NYSE:ROK) Stock Holdings Lowered by Stratos Wealth Advisors LLC

Stratos Wealth Advisors LLC trimmed its holdings in shares of Rockwell Automation, Inc. (NYSE:ROK) by 1.4% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 16,329 shares of the industrial products company’s stock after selling 240 shares during the period. Stratos Wealth Advisors LLC’s holdings in Rockwell Automation were worth $4,667,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Ninety One North America Inc. grew its holdings in shares of Rockwell Automation by 3.8% in the 4th quarter. Ninety One North America Inc. now owns 34,632 shares of the industrial products company’s stock worth $9,897,000 after acquiring an additional 1,265 shares during the last quarter. E. Ohman J or Asset Management AB boosted its position in shares of Rockwell Automation by 4.2% in the 4th quarter. E. Ohman J or Asset Management AB now owns 5,000 shares of the industrial products company’s stock valued at $1,429,000 after purchasing an additional 200 shares during the period. Verity Asset Management Inc. increased its stake in Rockwell Automation by 12.6% in the 4th quarter. Verity Asset Management Inc. now owns 1,900 shares of the industrial products company’s stock worth $543,000 after purchasing an additional 213 shares in the last quarter. Tempus Wealth Planning LLC raised its holdings in Rockwell Automation by 1.8% during the 4th quarter. Tempus Wealth Planning LLC now owns 4,609 shares of the industrial products company’s stock worth $1,317,000 after buying an additional 82 shares during the period. Finally, Burford Brothers Inc. purchased a new stake in Rockwell Automation during the fourth quarter valued at about $498,000. Institutional investors and hedge funds own 75.75% of the company’s stock.

Insider Activity at Rockwell Automation

In other news, VP Isaac Woods sold 895 shares of the business’s stock in a transaction dated Friday, January 10th. The shares were sold at an average price of $274.72, for a total transaction of $245,874.40. Following the transaction, the vice president now owns 1,198 shares in the company, valued at approximately $329,114.56. The trade was a 42.76 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Scott Genereux sold 278 shares of the stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $302.04, for a total transaction of $83,967.12. Following the completion of the sale, the vice president now owns 3,184 shares of the company’s stock, valued at approximately $961,695.36. The trade was a 8.03 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 35,857 shares of company stock worth $10,678,037. 0.68% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several analysts have issued reports on ROK shares. Oppenheimer boosted their target price on shares of Rockwell Automation from $288.00 to $300.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. Bank of America upped their price target on Rockwell Automation from $270.00 to $285.00 and gave the company a “neutral” rating in a research report on Thursday, October 17th. Barclays lowered their target price on Rockwell Automation from $290.00 to $285.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 8th. Stephens raised shares of Rockwell Automation from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $275.00 to $350.00 in a research report on Thursday, January 16th. Finally, Robert W. Baird boosted their price objective on shares of Rockwell Automation from $290.00 to $305.00 and gave the company an “outperform” rating in a research report on Tuesday, November 26th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $304.16.

Rockwell Automation Stock Performance

ROK opened at $270.49 on Wednesday. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.72 and a current ratio of 1.08. The company has a market cap of $30.57 billion, a PE ratio of 32.67, a price-to-earnings-growth ratio of 3.00 and a beta of 1.35. The stock has a 50-day moving average of $287.79 and a 200-day moving average of $275.08. Rockwell Automation, Inc. has a 52-week low of $242.81 and a 52-week high of $304.29.

Rockwell Automation (NYSE:ROK) last announced its earnings results on Thursday, November 7th. The industrial products company reported $2.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.40 by $0.07. Rockwell Automation had a return on equity of 30.42% and a net margin of 11.53%. The firm had revenue of $2.04 billion during the quarter, compared to analysts’ expectations of $2.06 billion. During the same quarter in the prior year, the business earned $3.64 earnings per share. The company’s revenue was down 20.6% on a year-over-year basis. As a group, equities research analysts forecast that Rockwell Automation, Inc. will post 9.32 earnings per share for the current fiscal year.

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.