Rockwell Automation, Inc. $ROK Shares Sold by C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors

C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors lessened its stake in shares of Rockwell Automation, Inc. (NYSE:ROK) by 16.2% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 849 shares of the industrial products company’s stock after selling 164 shares during the quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors’ holdings in Rockwell Automation were worth $282,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the company. Goldman Sachs Group Inc. lifted its stake in Rockwell Automation by 11.8% during the first quarter. Goldman Sachs Group Inc. now owns 1,819,379 shares of the industrial products company’s stock valued at $470,091,000 after buying an additional 191,370 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Rockwell Automation by 0.6% during the first quarter. Charles Schwab Investment Management Inc. now owns 1,579,956 shares of the industrial products company’s stock valued at $408,229,000 after buying an additional 9,920 shares in the last quarter. Invesco Ltd. lifted its stake in Rockwell Automation by 2.2% during the first quarter. Invesco Ltd. now owns 1,448,160 shares of the industrial products company’s stock valued at $374,176,000 after buying an additional 30,837 shares in the last quarter. Northern Trust Corp lifted its stake in Rockwell Automation by 0.4% during the first quarter. Northern Trust Corp now owns 1,396,303 shares of the industrial products company’s stock valued at $360,777,000 after buying an additional 4,972 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in Rockwell Automation by 1.0% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,170,010 shares of the industrial products company’s stock valued at $302,307,000 after buying an additional 11,849 shares in the last quarter. 75.75% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Rockwell Automation

In related news, SVP Cyril Perducat sold 1,435 shares of the stock in a transaction that occurred on Friday, August 29th. The stock was sold at an average price of $348.08, for a total value of $499,494.80. Following the transaction, the senior vice president owned 3,787 shares in the company, valued at approximately $1,318,178.96. This represents a 27.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Isaac Woods sold 365 shares of the stock in a transaction that occurred on Friday, August 29th. The stock was sold at an average price of $348.44, for a total value of $127,180.60. Following the completion of the transaction, the vice president owned 1,691 shares in the company, valued at $589,212.04. This represents a 17.75% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 30,375 shares of company stock valued at $10,661,109 in the last ninety days. 0.68% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research firms have commented on ROK. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Rockwell Automation in a research note on Wednesday, October 8th. Wells Fargo & Company upped their price objective on shares of Rockwell Automation from $345.00 to $355.00 and gave the company an “equal weight” rating in a research note on Monday, October 6th. Bank of America raised shares of Rockwell Automation from a “neutral” rating to a “buy” rating and upped their price objective for the company from $360.00 to $410.00 in a research note on Wednesday, July 16th. CICC Research assumed coverage on Rockwell Automation in a report on Monday, July 7th. They issued an “outperform” rating and a $381.00 target price on the stock. Finally, Stephens reiterated an “overweight” rating and issued a $375.00 target price (up previously from $350.00) on shares of Rockwell Automation in a report on Wednesday, July 16th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $347.94.

Rockwell Automation Price Performance

Shares of ROK opened at $368.89 on Monday. The company has a market capitalization of $41.48 billion, a price-to-earnings ratio of 43.30, a P/E/G ratio of 3.30 and a beta of 1.41. Rockwell Automation, Inc. has a fifty-two week low of $215.00 and a fifty-two week high of $375.02. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.06 and a quick ratio of 0.72. The business’s 50-day moving average is $348.01 and its 200-day moving average is $327.99.

Rockwell Automation (NYSE:ROK) last issued its earnings results on Wednesday, August 6th. The industrial products company reported $2.82 earnings per share for the quarter, beating analysts’ consensus estimates of $2.67 by $0.15. Rockwell Automation had a return on equity of 30.14% and a net margin of 12.03%.The company had revenue of $2.14 billion for the quarter, compared to the consensus estimate of $2.07 billion. During the same quarter in the prior year, the company earned $2.71 EPS. The firm’s quarterly revenue was up 4.5% on a year-over-year basis. Equities research analysts expect that Rockwell Automation, Inc. will post 9.35 EPS for the current fiscal year.

Rockwell Automation Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Monday, November 17th will be issued a $1.38 dividend. This is an increase from Rockwell Automation’s previous quarterly dividend of $1.31. This represents a $5.52 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date is Monday, November 17th. Rockwell Automation’s dividend payout ratio is currently 61.50%.

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.