MONECO Advisors LLC Has $625,000 Stock Position in Rockwell Automation, Inc. (NYSE:ROK)

MONECO Advisors LLC trimmed its holdings in shares of Rockwell Automation, Inc. (NYSE:ROK) by 7.1% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,417 shares of the industrial products company’s stock after selling 186 shares during the period. MONECO Advisors LLC’s holdings in Rockwell Automation were worth $625,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently bought and sold shares of ROK. Citizens National Bank Trust Department acquired a new position in Rockwell Automation in the 1st quarter worth about $26,000. Financial Gravity Asset Management Inc. acquired a new position in Rockwell Automation in the 1st quarter worth about $31,000. IMA Advisory Services Inc. acquired a new position in Rockwell Automation in the 1st quarter worth about $32,000. Cooksen Wealth LLC acquired a new position in Rockwell Automation in the 1st quarter worth about $34,000. Finally, Parvin Asset Management LLC acquired a new position in Rockwell Automation in the 4th quarter worth about $36,000. 75.75% of the stock is owned by institutional investors and hedge funds.

Rockwell Automation Price Performance

Shares of NYSE:ROK opened at $344.42 on Friday. Rockwell Automation, Inc. has a 1-year low of $215.00 and a 1-year high of $360.92. The firm has a market capitalization of $38.82 billion, a PE ratio of 43.38, a PEG ratio of 3.59 and a beta of 1.39. The business’s 50 day moving average is $334.32 and its 200-day moving average is $292.37. The company has a current ratio of 1.05, a quick ratio of 0.72 and a debt-to-equity ratio of 0.71.

Rockwell Automation (NYSE:ROK) last announced its quarterly earnings data on Wednesday, May 7th. The industrial products company reported $2.45 earnings per share for the quarter, topping the consensus estimate of $2.09 by $0.36. Rockwell Automation had a return on equity of 30.16% and a net margin of 11.38%. The company had revenue of $2 billion for the quarter, compared to analyst estimates of $1.97 billion. During the same quarter last year, the firm earned $2.50 EPS. Rockwell Automation’s revenue for the quarter was down 5.9% compared to the same quarter last year. Sell-side analysts predict that Rockwell Automation, Inc. will post 9.35 earnings per share for the current year.

Rockwell Automation Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Monday, August 18th will be paid a $1.31 dividend. The ex-dividend date of this dividend is Monday, August 18th. This represents a $5.24 annualized dividend and a yield of 1.5%. Rockwell Automation’s payout ratio is currently 65.99%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Barclays upped their target price on Rockwell Automation from $350.00 to $370.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 9th. TD Cowen raised Rockwell Automation from a “sell” rating to a “hold” rating and set a $275.00 target price on the stock in a research report on Friday, May 9th. KeyCorp upped their target price on Rockwell Automation from $360.00 to $370.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 15th. Citigroup reiterated a “buy” rating and set a $392.00 price target (up previously from $371.00) on shares of Rockwell Automation in a research note on Monday, July 14th. Finally, Stephens reiterated an “overweight” rating and set a $375.00 price target (up previously from $350.00) on shares of Rockwell Automation in a research note on Wednesday, July 16th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $341.11.

Insiders Place Their Bets

In related news, VP Isaac Woods sold 297 shares of the business’s stock in a transaction on Monday, June 9th. The stock was sold at an average price of $326.31, for a total value of $96,914.07. Following the sale, the vice president owned 1,691 shares of the company’s stock, valued at $551,790.21. The trade was a 14.94% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Matthew W. Fordenwalt sold 289 shares of the business’s stock in a transaction on Monday, June 9th. The shares were sold at an average price of $326.33, for a total value of $94,309.37. Following the completion of the sale, the senior vice president directly owned 3,196 shares in the company, valued at approximately $1,042,950.68. This represents a 8.29% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 9,757 shares of company stock worth $3,138,220 over the last quarter. Corporate insiders own 0.68% of the company’s stock.

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.