Andesa Financial Management Inc. Sells 242 Shares of Rockwell Automation, Inc. (NYSE:ROK)

Andesa Financial Management Inc. decreased its position in shares of Rockwell Automation, Inc. (NYSE:ROKGet Rating) by 21.6% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 879 shares of the industrial products company’s stock after selling 242 shares during the quarter. Andesa Financial Management Inc.’s holdings in Rockwell Automation were worth $245,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Capital World Investors grew its position in Rockwell Automation by 35.2% in the 4th quarter. Capital World Investors now owns 4,892,850 shares of the industrial products company’s stock valued at $1,706,871,000 after purchasing an additional 1,272,634 shares during the period. State Street Corp grew its position in shares of Rockwell Automation by 2.6% during the 4th quarter. State Street Corp now owns 4,846,228 shares of the industrial products company’s stock valued at $1,690,607,000 after acquiring an additional 120,708 shares during the period. Alliancebernstein L.P. raised its holdings in shares of Rockwell Automation by 9.8% in the 4th quarter. Alliancebernstein L.P. now owns 1,461,253 shares of the industrial products company’s stock worth $509,758,000 after purchasing an additional 130,498 shares during the period. Goldman Sachs Group Inc. raised its stake in shares of Rockwell Automation by 2.9% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,149,342 shares of the industrial products company’s stock valued at $400,949,000 after buying an additional 32,860 shares during the period. Finally, Norges Bank bought a new stake in Rockwell Automation in the 4th quarter valued at about $387,237,000. Institutional investors and hedge funds own 78.21% of the company’s stock.

Insider Transactions at Rockwell Automation

In other Rockwell Automation news, SVP Cyril Perducat sold 664 shares of the firm’s stock in a transaction on Thursday, June 2nd. The shares were sold at an average price of $217.75, for a total value of $144,586.00. Following the completion of the transaction, the senior vice president now owns 1,576 shares of the company’s stock, valued at $343,174. The transaction was disclosed in a filing with the SEC, which is available at this link. In other news, VP John M. Miller sold 1,200 shares of the stock in a transaction that occurred on Friday, July 29th. The stock was sold at an average price of $253.10, for a total transaction of $303,720.00. Following the transaction, the vice president now owns 4,508 shares in the company, valued at approximately $1,140,974.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Cyril Perducat sold 664 shares of Rockwell Automation stock in a transaction dated Thursday, June 2nd. The stock was sold at an average price of $217.75, for a total value of $144,586.00. Following the completion of the sale, the senior vice president now owns 1,576 shares in the company, valued at $343,174. The disclosure for this sale can be found here. Insiders own 0.68% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Credit Suisse Group set a $219.00 price objective on Rockwell Automation in a report on Tuesday, July 19th. HSBC lowered their price objective on shares of Rockwell Automation from $293.00 to $240.00 in a research report on Tuesday, May 10th. JPMorgan Chase & Co. dropped their price objective on shares of Rockwell Automation from $220.00 to $200.00 in a report on Thursday, May 5th. Robert W. Baird lowered their price target on shares of Rockwell Automation from $310.00 to $255.00 in a research note on Wednesday, May 4th. Finally, Wells Fargo & Company lowered their price target on shares of Rockwell Automation from $190.00 to $189.00 in a research note on Tuesday, July 12th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $251.35.

Rockwell Automation Trading Down 0.7 %

Shares of NYSE ROK opened at $252.24 on Friday. The business’s 50 day moving average is $212.86 and its two-hundred day moving average is $243.65. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.06 and a quick ratio of 0.76. Rockwell Automation, Inc. has a 1-year low of $190.08 and a 1-year high of $354.99. The stock has a market capitalization of $29.12 billion, a P/E ratio of 44.02, a PEG ratio of 2.69 and a beta of 1.47.

Rockwell Automation (NYSE:ROKGet Rating) last released its earnings results on Wednesday, July 27th. The industrial products company reported $2.66 EPS for the quarter, beating analysts’ consensus estimates of $2.33 by $0.33. Rockwell Automation had a return on equity of 37.06% and a net margin of 9.03%. The firm had revenue of $1.97 billion for the quarter, compared to analysts’ expectations of $1.98 billion. During the same quarter in the prior year, the firm posted $2.31 earnings per share. The company’s quarterly revenue was up 6.5% on a year-over-year basis. As a group, research analysts expect that Rockwell Automation, Inc. will post 9.4 EPS for the current year.

Rockwell Automation announced that its board has initiated a stock buyback program on Tuesday, May 3rd that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the industrial products company to purchase up to 4% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s management believes its shares are undervalued.

Rockwell Automation Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 12th. Investors of record on Monday, August 15th will be given a dividend of $1.12 per share. The ex-dividend date of this dividend is Friday, August 12th. This represents a $4.48 dividend on an annualized basis and a yield of 1.78%. Rockwell Automation’s payout ratio is 78.18%.

Rockwell Automation Company Profile

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Rockwell Automation, Inc provides industrial automation and digital transformation solutions in the United States and internationally. The company operates in three segments, Intelligent Devices, Software & Control, and Lifecycle Services. Its solutions include hardware and software products, and services.

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Institutional Ownership by Quarter for Rockwell Automation (NYSE:ROK)

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