TFC Financial Management Inc. Sells 235 Shares of Rockwell Automation, Inc. (NYSE:ROK)

TFC Financial Management Inc. lessened its stake in Rockwell Automation, Inc. (NYSE:ROK) by 30.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 546 shares of the industrial products company’s stock after selling 235 shares during the period. TFC Financial Management Inc.’s holdings in Rockwell Automation were worth $156,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. State Street Corp grew its stake in Rockwell Automation by 0.3% in the third quarter. State Street Corp now owns 4,648,137 shares of the industrial products company’s stock valued at $1,247,839,000 after purchasing an additional 11,949 shares during the last quarter. Geode Capital Management LLC grew its stake in Rockwell Automation by 0.5% in the third quarter. Geode Capital Management LLC now owns 2,683,202 shares of the industrial products company’s stock valued at $717,865,000 after purchasing an additional 14,040 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in Rockwell Automation by 33.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,556,292 shares of the industrial products company’s stock valued at $417,802,000 after purchasing an additional 390,784 shares during the last quarter. Accredited Investors Inc. grew its stake in shares of Rockwell Automation by 162,058.5% during the third quarter. Accredited Investors Inc. now owns 1,185,379 shares of the industrial products company’s stock worth $318,227,000 after acquiring an additional 1,184,648 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Rockwell Automation by 6.4% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,128,811 shares of the industrial products company’s stock worth $303,041,000 after acquiring an additional 67,684 shares during the last quarter. Hedge funds and other institutional investors own 75.75% of the company’s stock.

Rockwell Automation Stock Down 0.6 %

Shares of NYSE:ROK opened at $302.01 on Thursday. The company has a quick ratio of 0.72, a current ratio of 1.08 and a debt-to-equity ratio of 0.70. The business has a fifty day moving average of $286.07 and a two-hundred day moving average of $275.47. The stock has a market cap of $34.14 billion, a P/E ratio of 36.47, a PEG ratio of 2.89 and a beta of 1.35. Rockwell Automation, Inc. has a 52-week low of $242.81 and a 52-week high of $308.70.

Rockwell Automation (NYSE:ROK) last issued its earnings results on Monday, February 10th. The industrial products company reported $1.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.61 by $0.22. Rockwell Automation had a return on equity of 30.42% and a net margin of 11.53%. On average, research analysts expect that Rockwell Automation, Inc. will post 9.32 earnings per share for the current year.

Rockwell Automation Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Tuesday, February 18th will be issued a dividend of $1.31 per share. This represents a $5.24 dividend on an annualized basis and a dividend yield of 1.74%. The ex-dividend date is Tuesday, February 18th. Rockwell Automation’s dividend payout ratio is presently 63.29%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on ROK shares. UBS Group started coverage on Rockwell Automation in a research note on Wednesday, November 13th. They set a “neutral” rating and a $313.00 price target on the stock. Bank of America boosted their price target on Rockwell Automation from $270.00 to $285.00 and gave the stock a “neutral” rating in a research note on Thursday, October 17th. Oppenheimer boosted their price target on Rockwell Automation from $300.00 to $320.00 and gave the stock an “outperform” rating in a research note on Tuesday. Jefferies Financial Group upgraded Rockwell Automation from a “hold” rating to a “buy” rating and boosted their price target for the stock from $290.00 to $350.00 in a research note on Thursday, December 12th. Finally, Stephens upgraded Rockwell Automation from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $275.00 to $350.00 in a research report on Thursday, January 16th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, Rockwell Automation presently has an average rating of “Hold” and a consensus target price of $308.05.

Insider Transactions at Rockwell Automation

In other news, CEO Blake D. Moret sold 26,700 shares of Rockwell Automation stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $298.63, for a total value of $7,973,421.00. Following the completion of the transaction, the chief executive officer now owns 78,115 shares in the company, valued at approximately $23,327,482.45. This trade represents a 25.47 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Isaac Woods sold 895 shares of Rockwell Automation 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 transaction, the vice president now owns 1,198 shares of the company’s stock, valued at $329,114.56. The trade was a 42.76 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 35,857 shares of company stock worth $10,678,037. 0.68% of the stock is currently owned by company insiders.

Rockwell Automation Company 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.