Rockwell Automation, Inc. (NYSE:ROK) Holdings Cut by Carret Asset Management LLC

Carret Asset Management LLC lowered its holdings in Rockwell Automation, Inc. (NYSE:ROK) by 6.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,190 shares of the industrial products company’s stock after selling 400 shares during the period. Carret Asset Management LLC’s holdings in Rockwell Automation were worth $1,922,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of ROK. Valeo Financial Advisors LLC raised its holdings in shares of Rockwell Automation by 1.9% during the fourth quarter. Valeo Financial Advisors LLC now owns 1,915 shares of the industrial products company’s stock valued at $595,000 after buying an additional 35 shares during the last quarter. Bison Wealth LLC raised its holdings in shares of Rockwell Automation by 3.3% during the fourth quarter. Bison Wealth LLC now owns 1,168 shares of the industrial products company’s stock valued at $363,000 after buying an additional 37 shares during the last quarter. Cohen Lawrence B raised its holdings in shares of Rockwell Automation by 0.5% during the third quarter. Cohen Lawrence B now owns 8,319 shares of the industrial products company’s stock valued at $2,378,000 after buying an additional 38 shares during the last quarter. Raleigh Capital Management Inc. raised its holdings in shares of Rockwell Automation by 24.2% during the third quarter. Raleigh Capital Management Inc. now owns 195 shares of the industrial products company’s stock valued at $56,000 after buying an additional 38 shares during the last quarter. Finally, Cottage Street Advisors LLC raised its holdings in shares of Rockwell Automation by 3.8% during the fourth quarter. Cottage Street Advisors LLC now owns 1,038 shares of the industrial products company’s stock valued at $319,000 after buying an additional 38 shares during the last quarter. Institutional investors own 75.75% of the company’s stock.

Rockwell Automation Trading Down 0.3 %

NYSE ROK traded down $0.77 on Wednesday, hitting $275.56. 598,610 shares of the stock were exchanged, compared to its average volume of 1,024,834. Rockwell Automation, Inc. has a 52-week low of $252.11 and a 52-week high of $348.52. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.25 and a quick ratio of 0.80. The company has a market capitalization of $31.58 billion, a price-to-earnings ratio of 26.49, a P/E/G ratio of 2.76 and a beta of 1.43. The company’s 50-day moving average price is $282.68 and its two-hundred day moving average price is $283.95.

Rockwell Automation (NYSE:ROK) last posted its quarterly earnings data on Wednesday, January 31st. The industrial products company reported $2.04 earnings per share for the quarter, missing the consensus estimate of $2.62 by ($0.58). Rockwell Automation had a return on equity of 37.22% and a net margin of 13.35%. The firm had revenue of $2.05 billion for the quarter, compared to analysts’ expectations of $2.08 billion. During the same quarter in the previous year, the firm posted $2.46 earnings per share. Research analysts predict that Rockwell Automation, Inc. will post 11.98 EPS for the current year.

Rockwell Automation Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Monday, May 13th will be paid a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.81%. The ex-dividend date is Friday, May 10th. Rockwell Automation’s dividend payout ratio (DPR) is currently 47.57%.

Insider Buying and Selling at Rockwell Automation

In other Rockwell Automation news, VP Brian A. Shepherd sold 637 shares of Rockwell Automation stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $262.87, for a total transaction of $167,448.19. Following the completion of the sale, the vice president now owns 5,088 shares of the company’s stock, valued at approximately $1,337,482.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, VP Scott Genereux sold 500 shares of Rockwell Automation stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $280.52, for a total value of $140,260.00. Following the completion of the sale, the vice president now owns 4,383 shares of the company’s stock, valued at approximately $1,229,519.16. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Brian A. Shepherd sold 637 shares of Rockwell Automation stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $262.87, for a total transaction of $167,448.19. Following the completion of the sale, the vice president now directly owns 5,088 shares of the company’s stock, valued at approximately $1,337,482.56. The disclosure for this sale can be found here. Insiders sold 17,877 shares of company stock valued at $5,058,772 in the last quarter. Company insiders own 0.68% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on ROK shares. Wells Fargo & Company cut their price target on Rockwell Automation from $357.00 to $320.00 and set an “overweight” rating on the stock in a report on Thursday, February 1st. Mizuho lowered their price objective on shares of Rockwell Automation from $300.00 to $265.00 and set a “neutral” rating on the stock in a research note on Thursday, February 1st. Berenberg Bank reiterated a “hold” rating and set a $290.00 price objective (down previously from $330.00) on shares of Rockwell Automation in a research note on Wednesday, March 6th. UBS Group upgraded shares of Rockwell Automation from a “neutral” rating to a “buy” rating and raised their price objective for the company from $305.00 to $360.00 in a research note on Wednesday, January 3rd. Finally, Barclays lowered their price objective on shares of Rockwell Automation from $269.00 to $265.00 and set an “underweight” rating on the stock in a research note on Tuesday, April 2nd. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the stock. According to MarketBeat, Rockwell Automation has an average rating of “Hold” and an average price target of $310.08.

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.