Triangle Securities Wealth Management Sells 158 Shares of Rockwell Automation, Inc. (NYSE:ROK)

Triangle Securities Wealth Management reduced its holdings in shares of Rockwell Automation, Inc. (NYSE:ROK) by 3.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,982 shares of the industrial products company’s stock after selling 158 shares during the period. Triangle Securities Wealth Management’s holdings in Rockwell Automation were worth $1,424,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Ashton Thomas Securities LLC acquired a new stake in shares of Rockwell Automation during the 3rd quarter worth approximately $26,000. Richardson Financial Services Inc. grew its stake in shares of Rockwell Automation by 100.0% in the 3rd quarter. Richardson Financial Services Inc. now owns 96 shares of the industrial products company’s stock valued at $26,000 after buying an additional 48 shares during the period. West Oak Capital LLC increased its position in Rockwell Automation by 455.6% in the 4th quarter. West Oak Capital LLC now owns 100 shares of the industrial products company’s stock valued at $29,000 after buying an additional 82 shares in the last quarter. Darwin Wealth Management LLC acquired a new position in Rockwell Automation during the 3rd quarter worth approximately $34,000. Finally, Strategic Investment Solutions Inc. IL acquired a new stake in Rockwell Automation in the second quarter valued at approximately $36,000. 75.75% of the stock is owned by institutional investors.

Insider Transactions at Rockwell Automation

In other news, VP Isaac Woods sold 895 shares of the firm’s stock in a transaction dated 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 sale, the vice president now directly owns 1,198 shares of the company’s stock, valued at approximately $329,114.56. This trade represents a 42.76 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Blake D. Moret sold 26,700 shares of the stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $298.63, for a total transaction of $7,973,421.00. Following the completion of the transaction, the chief executive officer now directly owns 78,115 shares of the company’s stock, valued at approximately $23,327,482.45. The trade was a 25.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 36,436 shares of company stock worth $10,832,549. Company insiders own 0.68% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on ROK shares. HSBC upgraded shares of Rockwell Automation from a “hold” rating to a “buy” rating and set a $355.00 price objective on the stock in a report on Wednesday, December 11th. Jefferies Financial Group upgraded Rockwell Automation from a “hold” rating to a “buy” rating and raised their target price for the company from $290.00 to $350.00 in a report on Thursday, December 12th. Barclays cut their price objective on shares of Rockwell Automation from $290.00 to $285.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 8th. UBS Group started coverage on shares of Rockwell Automation in a research report on Wednesday, November 13th. They set a “neutral” rating and a $313.00 price target on the stock. Finally, Bank of America boosted their target price on Rockwell Automation from $270.00 to $285.00 and gave the stock a “neutral” rating in a research note on Thursday, October 17th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $304.16.

Rockwell Automation Trading Up 2.2 %

Shares of ROK stock opened at $287.06 on Friday. Rockwell Automation, Inc. has a 52-week low of $242.81 and a 52-week high of $307.71. The business’s fifty day moving average is $287.88 and its 200 day moving average is $274.25. 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 capitalization of $32.45 billion, a PE ratio of 34.67, a price-to-earnings-growth ratio of 2.87 and a beta of 1.36.

Rockwell Automation (NYSE:ROK) last issued its quarterly earnings results on Thursday, November 7th. The industrial products company reported $2.47 EPS for the quarter, topping analysts’ consensus estimates of $2.40 by $0.07. Rockwell Automation had a net margin of 11.53% and a return on equity of 30.42%. The firm had revenue of $2.04 billion for the quarter, compared to analyst estimates of $2.06 billion. During the same quarter in the prior year, the firm earned $3.64 EPS. The business’s revenue for the quarter was down 20.6% compared to the same quarter last year. On average, equities research analysts anticipate that Rockwell Automation, Inc. will post 9.37 EPS for the current fiscal year.

Rockwell Automation Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Monday, November 18th were given a $1.31 dividend. This is a boost from Rockwell Automation’s previous quarterly dividend of $1.25. The ex-dividend date was Monday, November 18th. This represents a $5.24 dividend on an annualized basis and a dividend yield of 1.83%. Rockwell Automation’s payout ratio is presently 63.29%.

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.