Rockwell Automation, Inc. (NYSE:ROK) Shares Sold by Telemus Capital LLC

Telemus Capital LLC lessened its stake in Rockwell Automation, Inc. (NYSE:ROK) by 4.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,674 shares of the industrial products company’s stock after selling 79 shares during the period. Telemus Capital LLC’s holdings in Rockwell Automation were worth $520,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. KLCM Advisors Inc. increased its stake in shares of Rockwell Automation by 16.6% in the third quarter. KLCM Advisors Inc. now owns 1,136 shares of the industrial products company’s stock worth $325,000 after buying an additional 162 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. increased its stake in shares of Rockwell Automation by 9.4% in the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 2,728 shares of the industrial products company’s stock worth $780,000 after buying an additional 234 shares during the last quarter. Sequoia Financial Advisors LLC increased its stake in shares of Rockwell Automation by 676.7% in the fourth quarter. Sequoia Financial Advisors LLC now owns 32,156 shares of the industrial products company’s stock worth $9,984,000 after buying an additional 28,016 shares during the last quarter. Mercer Global Advisors Inc. ADV increased its stake in shares of Rockwell Automation by 0.9% in the third quarter. Mercer Global Advisors Inc. ADV now owns 11,423 shares of the industrial products company’s stock worth $3,266,000 after buying an additional 97 shares during the last quarter. Finally, Carnegie Capital Asset Management LLC increased its stake in Rockwell Automation by 5.0% during the fourth quarter. Carnegie Capital Asset Management LLC now owns 85,551 shares of the industrial products company’s stock valued at $26,562,000 after purchasing an additional 4,093 shares during the last quarter. Institutional investors own 75.75% of the company’s stock.

Rockwell Automation Stock Performance

ROK stock opened at $273.58 on Tuesday. The company has a market capitalization of $31.35 billion, a P/E ratio of 26.03, a PEG ratio of 2.72 and a beta of 1.43. The company has a 50-day simple moving average of $282.72 and a 200 day simple moving average of $284.05. Rockwell Automation, Inc. has a fifty-two week low of $252.11 and a fifty-two week high of $348.52. The company has a quick ratio of 0.80, a current ratio of 1.25 and a debt-to-equity ratio of 0.76.

Rockwell Automation (NYSE:ROK) last issued its quarterly earnings results on Wednesday, January 31st. The industrial products company reported $2.04 earnings per share for the quarter, missing analysts’ consensus estimates of $2.62 by ($0.58). Rockwell Automation had a net margin of 13.35% and a return on equity of 37.22%. The business had revenue of $2.05 billion during the quarter, compared to analyst estimates of $2.08 billion. During the same period in the previous year, the company posted $2.46 earnings per share. Sell-side analysts predict that Rockwell Automation, Inc. will post 11.98 earnings per share for the current fiscal year.

Rockwell Automation Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Monday, May 13th will be issued a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a yield of 1.83%. The ex-dividend date is Friday, May 10th. Rockwell Automation’s payout ratio is 47.57%.

Insider Buying and Selling at Rockwell Automation

In other Rockwell Automation news, CEO Blake D. Moret purchased 3,500 shares of the business’s stock in a transaction on Monday, February 12th. The stock was bought at an average cost of $283.64 per share, with a total value of $992,740.00. Following the acquisition, the chief executive officer now owns 77,215 shares of the company’s stock, valued at $21,901,262.60. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Rockwell Automation news, CEO Blake D. Moret purchased 3,500 shares of the business’s stock in a transaction on Monday, February 12th. The stock was bought at an average cost of $283.64 per share, with a total value of $992,740.00. Following the acquisition, the chief executive officer now owns 77,215 shares of the company’s stock, valued at $21,901,262.60. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Brian A. Shepherd sold 637 shares of the company’s stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $262.87, for a total transaction of $167,448.19. Following the completion of the sale, the vice president now directly owns 5,088 shares of the company’s stock, valued at $1,337,482.56. The disclosure for this sale can be found here. In the last three months, insiders sold 17,877 shares of company stock valued at $5,058,772. 0.68% of the stock is owned by insiders.

Analyst Ratings Changes

Several analysts have weighed in on the stock. UBS Group upgraded shares of Rockwell Automation from a “neutral” rating to a “buy” rating and boosted their target price for the company from $305.00 to $360.00 in a research note on Wednesday, January 3rd. Mizuho lowered their target price on shares of Rockwell Automation from $300.00 to $265.00 and set a “neutral” rating for the company in a research note on Thursday, February 1st. Oppenheimer lowered their target price on shares of Rockwell Automation from $324.00 to $300.00 and set an “outperform” rating for the company in a research note on Thursday, February 1st. JPMorgan Chase & Co. reiterated an “underweight” rating and set a $254.00 target price on shares of Rockwell Automation in a research note on Thursday, March 21st. Finally, Barclays lowered their target price on shares of Rockwell Automation from $269.00 to $265.00 and set an “underweight” rating for the company in a research note on Tuesday, April 2nd. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $310.08.

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.