Yousif Capital Management LLC Sells 661 Shares of Rockwell Automation, Inc. (NYSE:ROK)

Yousif Capital Management LLC lowered its stake in shares of Rockwell Automation, Inc. (NYSE:ROK) by 4.1% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 15,558 shares of the industrial products company’s stock after selling 661 shares during the quarter. Yousif Capital Management LLC’s holdings in Rockwell Automation were worth $4,830,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. OFI Invest Asset Management bought a new stake in Rockwell Automation during the third quarter worth $26,000. Provence Wealth Management Group bought a new stake in Rockwell Automation during the third quarter worth $27,000. Bruce G. Allen Investments LLC bought a new stake in Rockwell Automation during the fourth quarter worth $27,000. BluePath Capital Management LLC bought a new stake in Rockwell Automation during the third quarter worth $29,000. Finally, Fortitude Family Office LLC bought a new stake in Rockwell Automation during the fourth quarter worth $46,000. Institutional investors own 75.75% of the company’s stock.

Insider Buying and Selling

In related news, VP Isaac Woods sold 150 shares of the stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $287.59, for a total transaction of $43,138.50. Following the sale, the vice president now owns 1,199 shares of the company’s stock, valued at approximately $344,820.41. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CFO Nicholas C. Gangestad sold 1,989 shares of the stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $288.17, for a total transaction of $573,170.13. Following the sale, the chief financial officer now owns 12,217 shares of the company’s stock, valued at approximately $3,520,572.89. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Isaac Woods sold 150 shares of the 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 sale, 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. In the last quarter, insiders have sold 17,877 shares of company stock valued at $5,058,772. Corporate insiders own 0.68% of the company’s stock.

Analysts Set New Price Targets

ROK has been the subject of several recent research reports. Citigroup decreased their price target on Rockwell Automation from $330.00 to $322.00 and set a “buy” rating for the company in a report on Monday, April 8th. Barclays reduced their price objective on Rockwell Automation from $269.00 to $265.00 and set an “underweight” rating for the company in a research note on Tuesday, April 2nd. Berenberg Bank restated a “hold” rating and issued a $290.00 price objective (down previously from $330.00) on shares of Rockwell Automation in a research note on Wednesday, March 6th. Wells Fargo & Company reduced their price objective on Rockwell Automation from $357.00 to $320.00 and set an “overweight” rating for the company in a research note on Thursday, February 1st. Finally, UBS Group upgraded Rockwell Automation from a “neutral” rating to a “buy” rating and upped their price objective for the company from $305.00 to $360.00 in a research note on Wednesday, January 3rd. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, Rockwell Automation presently has a consensus rating of “Hold” and an average target price of $310.08.

Rockwell Automation Stock Up 1.2 %

Shares of NYSE ROK opened at $280.17 on Friday. Rockwell Automation, Inc. has a one year low of $252.11 and a one year high of $348.52. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.25 and a quick ratio of 0.80. The business’s fifty day moving average price is $282.51 and its 200-day moving average price is $283.77. The stock has a market capitalization of $32.10 billion, a PE ratio of 26.66, a P/E/G ratio of 2.79 and a beta of 1.43.

Rockwell Automation (NYSE:ROK) last issued its quarterly earnings results on Wednesday, January 31st. The industrial products company reported $2.04 EPS 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 firm had revenue of $2.05 billion for the quarter, compared to analysts’ expectations of $2.08 billion. During the same period in the prior year, the company earned $2.46 EPS. On average, equities research analysts anticipate that Rockwell Automation, Inc. will post 11.98 EPS for the current year.

Rockwell Automation Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Monday, May 13th will be given a dividend of $1.25 per share. The ex-dividend date of this dividend is Friday, May 10th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.78%. Rockwell Automation’s dividend payout ratio is presently 47.57%.

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.