Venturi Wealth Management LLC Sells 68 Shares of Rockwell Automation, Inc. (NYSE:ROK)

Venturi Wealth Management LLC decreased its holdings in shares of Rockwell Automation, Inc. (NYSE:ROKFree Report) by 2.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,118 shares of the industrial products company’s stock after selling 68 shares during the period. Venturi Wealth Management LLC’s holdings in Rockwell Automation were worth $968,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. OFI Invest Asset Management purchased a new stake in Rockwell Automation during the 3rd quarter valued at $26,000. Provence Wealth Management Group bought a new position in shares of Rockwell Automation in the 3rd quarter worth $27,000. Bruce G. Allen Investments LLC bought a new position in shares of Rockwell Automation in the 4th quarter worth $27,000. BluePath Capital Management LLC purchased a new position in Rockwell Automation during the 3rd quarter worth $29,000. Finally, Neo Ivy Capital Management purchased a new position in Rockwell Automation during the 2nd quarter worth $29,000. Institutional investors own 75.75% of the company’s stock.

Wall Street Analyst Weigh In

ROK has been the subject of several analyst reports. Mizuho decreased their price objective on Rockwell Automation from $300.00 to $265.00 and set a “neutral” rating for the company in a report on Thursday, February 1st. UBS Group raised Rockwell Automation from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $305.00 to $360.00 in a report on Wednesday, January 3rd. Berenberg Bank reaffirmed a “hold” rating and issued a $290.00 price target (down previously from $330.00) on shares of Rockwell Automation in a report on Wednesday, March 6th. Citigroup reduced their price target on Rockwell Automation from $351.00 to $330.00 and set a “buy” rating for the company in a report on Thursday, February 1st. Finally, Wells Fargo & Company reduced their price target on Rockwell Automation from $357.00 to $320.00 and set an “overweight” rating for the company in a report on Thursday, February 1st. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Rockwell Automation currently has an average rating of “Hold” and an average price target of $308.00.

Get Our Latest Research Report on ROK

Insider Activity

In other Rockwell Automation news, VP Isaac Woods sold 150 shares of the firm’s stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $287.59, for a total value of $43,138.50. Following the sale, the vice president now directly owns 1,199 shares in the company, valued at $344,820.41. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, CEO Blake D. Moret acquired 3,500 shares of the company’s stock in a transaction on Monday, February 12th. The shares were bought at an average price of $283.64 per share, with a total value of $992,740.00. Following the completion of the acquisition, the chief executive officer now owns 77,215 shares in the company, valued at approximately $21,901,262.60. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, VP Isaac Woods sold 150 shares of the firm’s stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $287.59, for a total value of $43,138.50. Following the transaction, the vice president now directly owns 1,199 shares in the company, valued at approximately $344,820.41. The disclosure for this sale can be found here. Over the last three months, insiders have sold 17,877 shares of company stock worth $5,058,772. Corporate insiders own 0.68% of the company’s stock.

Rockwell Automation Trading Up 0.5 %

Shares of ROK traded up $1.40 during midday trading on Wednesday, hitting $281.63. 156,407 shares of the stock were exchanged, compared to its average volume of 1,036,124. Rockwell Automation, Inc. has a 52-week low of $252.11 and a 52-week high of $348.52. The stock has a fifty day simple moving average of $283.58 and a 200 day simple moving average of $284.53. The firm has a market cap of $32.27 billion, a P/E ratio of 26.66, a P/E/G ratio of 2.65 and a beta of 1.43. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.80 and a current ratio of 1.25.

Rockwell Automation (NYSE:ROKGet Free Report) last released its quarterly earnings results on Wednesday, January 31st. The industrial products company reported $2.04 EPS for the quarter, missing the consensus estimate of $2.62 by ($0.58). Rockwell Automation had a return on equity of 37.22% and a net margin of 13.35%. The firm had revenue of $2.05 billion for the quarter, compared to analysts’ expectations of $2.08 billion. During the same quarter in the prior year, the business earned $2.46 earnings per share. On average, research analysts anticipate that Rockwell Automation, Inc. will post 12.29 EPS for the current fiscal year.

Rockwell Automation Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Tuesday, February 20th were paid a $1.25 dividend. This represents a $5.00 annualized dividend and a dividend yield of 1.78%. The ex-dividend date was Friday, February 16th. Rockwell Automation’s payout ratio is currently 47.57%.

About Rockwell Automation

(Free Report)

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.

See Also

Want to see what other hedge funds are holding ROK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Rockwell Automation, Inc. (NYSE:ROKFree Report).

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

Receive News & Ratings for Rockwell Automation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rockwell Automation and related companies with MarketBeat.com's FREE daily email newsletter.