Swedbank AB Sells 199,513 Shares of Rockwell Automation, Inc. (NYSE:ROK)

Swedbank AB trimmed its stake in shares of Rockwell Automation, Inc. (NYSE:ROK) by 57.1% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 149,986 shares of the industrial products company’s stock after selling 199,513 shares during the quarter. Swedbank AB’s holdings in Rockwell Automation were worth $42,864,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the stock. State Street Corp lifted its position in shares of Rockwell Automation by 0.3% during the 3rd quarter. State Street Corp now owns 4,648,137 shares of the industrial products company’s stock valued at $1,247,839,000 after acquiring an additional 11,949 shares during the period. Geode Capital Management LLC lifted its position in shares of Rockwell Automation by 0.5% during the 3rd quarter. Geode Capital Management LLC now owns 2,683,202 shares of the industrial products company’s stock worth $717,865,000 after buying an additional 14,040 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Rockwell Automation by 33.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,556,292 shares of the industrial products company’s stock worth $417,802,000 after buying an additional 390,784 shares during the last quarter. Accredited Investors Inc. lifted 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 worth $318,227,000 after buying an additional 1,184,648 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Rockwell Automation by 6.4% during the 3rd 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 buying an additional 67,684 shares during the last quarter. 75.75% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on ROK shares. Morgan Stanley upped their price objective on Rockwell Automation from $320.00 to $335.00 and gave the stock an “overweight” rating in a research report on Friday, November 15th. JPMorgan Chase & Co. dropped their price objective on Rockwell Automation from $245.00 to $240.00 and set an “underweight” rating for the company in a research report on Wednesday, January 15th. Oppenheimer upped their price objective on Rockwell Automation from $288.00 to $300.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. Wells Fargo & Company upped their price objective on Rockwell Automation from $293.00 to $305.00 and gave the stock an “overweight” rating in a research report on Monday, October 7th. Finally, Citigroup upped their price objective on Rockwell Automation from $313.00 to $345.00 and gave the stock a “buy” rating in a research report on Monday, December 9th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $304.16.

Rockwell Automation Trading Down 1.2 %

Shares of ROK stock opened at $278.97 on Thursday. The stock has a market cap of $31.53 billion, a price-to-earnings ratio of 33.69, a PEG ratio of 3.11 and a beta of 1.36. The stock has a 50-day moving average of $288.61 and a 200-day moving average of $275.31. The company has a current ratio of 1.08, a quick ratio of 0.72 and a debt-to-equity ratio of 0.70. Rockwell Automation, Inc. has a 1-year low of $242.81 and a 1-year high of $307.71.

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

Insider Buying and Selling

In related news, SVP Veena M. Lakkundi sold 579 shares of the firm’s stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $266.86, for a total transaction of $154,511.94. Following the completion of the sale, the senior vice president now owns 4,576 shares of the company’s stock, valued at $1,221,151.36. This trade represents a 11.23 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Isaac Woods sold 895 shares of the firm’s stock in a transaction that occurred on Friday, January 10th. The stock was sold at an average price of $274.72, for a total value of $245,874.40. Following the sale, the vice president now directly owns 1,198 shares of the company’s stock, valued at $329,114.56. This represents a 42.76 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 36,436 shares of company stock valued at $10,832,549 over the last 90 days. Company insiders own 0.68% of the company’s stock.

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.