Cromwell Holdings LLC Sells 44 Shares of Rockwell Automation, Inc. (NYSE:ROK)

Cromwell Holdings LLC decreased its holdings in shares of Rockwell Automation, Inc. (NYSE:ROK) by 12.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 323 shares of the industrial products company’s stock after selling 44 shares during the period. Cromwell Holdings LLC’s holdings in Rockwell Automation were worth $92,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in ROK. Accredited Investors Inc. raised its position in shares of Rockwell Automation by 162,058.5% during the 3rd quarter. Accredited Investors Inc. now owns 1,185,379 shares of the industrial products company’s stock valued at $318,227,000 after acquiring an additional 1,184,648 shares during the last quarter. International Assets Investment Management LLC grew its holdings in shares of Rockwell Automation by 29,591.7% in the 3rd quarter. International Assets Investment Management LLC now owns 936,178 shares of the industrial products company’s stock valued at $251,326,000 after buying an additional 933,025 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in shares of Rockwell Automation by 33.5% in the 3rd 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 buying an additional 390,784 shares during the period. DAVENPORT & Co LLC grew its holdings in shares of Rockwell Automation by 27.9% in the 4th quarter. DAVENPORT & Co LLC now owns 408,336 shares of the industrial products company’s stock valued at $116,682,000 after buying an additional 88,962 shares during the period. Finally, Truist Financial Corp grew its holdings in shares of Rockwell Automation by 229.5% in the 4th quarter. Truist Financial Corp now owns 102,347 shares of the industrial products company’s stock valued at $29,250,000 after buying an additional 71,288 shares during the period. Institutional investors own 75.75% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on ROK. UBS Group began coverage on shares of Rockwell Automation in a report on Wednesday, November 13th. They issued a “neutral” rating and a $313.00 price target for the company. HSBC raised shares of Rockwell Automation from a “hold” rating to a “buy” rating and set a $355.00 price target for the company in a report on Wednesday, December 11th. Stephens raised shares of Rockwell Automation from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $275.00 to $350.00 in a report on Thursday, January 16th. The Goldman Sachs Group boosted their price target on shares of Rockwell Automation from $257.00 to $290.00 and gave the company a “sell” rating in a report on Tuesday, February 11th. Finally, KeyCorp raised shares of Rockwell Automation from a “sector weight” rating to an “overweight” rating and set a $345.00 price target for the company in a report on Monday, December 9th. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, Rockwell Automation currently has a consensus rating of “Hold” and an average price target of $308.05.

Rockwell Automation Trading Up 1.2 %

Rockwell Automation stock opened at $302.89 on Friday. The firm has a 50-day moving average of $286.35 and a 200-day moving average of $276.66. Rockwell Automation, Inc. has a one year low of $242.81 and a one year high of $308.70. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.08 and a quick ratio of 0.72. The company has a market cap of $34.25 billion, a price-to-earnings ratio of 37.72, a P/E/G ratio of 3.49 and a beta of 1.35.

Rockwell Automation (NYSE:ROK) last posted its quarterly earnings data on Monday, February 10th. The industrial products company reported $1.83 EPS for the quarter, topping analysts’ consensus estimates of $1.61 by $0.22. Rockwell Automation had a net margin of 11.38% and a return on equity of 30.17%. On average, equities analysts expect that Rockwell Automation, Inc. will post 9.35 earnings per share for the current fiscal year.

Rockwell Automation Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Tuesday, February 18th will be issued a $1.31 dividend. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $5.24 dividend on an annualized basis and a dividend yield of 1.73%. Rockwell Automation’s payout ratio is 65.26%.

Insider Activity

In other news, VP Terry L. Riesterer sold 850 shares of the company’s stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $300.21, for a total value of $255,178.50. Following the sale, the vice president now directly owns 1,633 shares of the company’s stock, valued at approximately $490,242.93. This represents a 34.23 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Blake D. Moret sold 26,700 shares of the company’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $298.63, for a total transaction of $7,973,421.00. Following the completion of the sale, the chief executive officer now directly owns 78,115 shares in the company, 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. In the last ninety days, insiders have sold 36,240 shares of company stock valued at $10,800,555. 0.68% of the stock is owned by company insiders.

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.