Transcend Capital Advisors LLC Has $545,000 Stake in Rockwell Automation, Inc. (NYSE:ROK)

Transcend Capital Advisors LLC cut its stake in shares of Rockwell Automation, Inc. (NYSE:ROK) by 7.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,756 shares of the industrial products company’s stock after selling 148 shares during the period. Transcend Capital Advisors LLC’s holdings in Rockwell Automation were worth $545,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. OFI Invest Asset Management bought a new position in Rockwell Automation during the 3rd quarter worth approximately $26,000. Provence Wealth Management Group acquired a new stake in Rockwell Automation in the third quarter worth $27,000. Bruce G. Allen Investments LLC bought a new position in shares of Rockwell Automation during the fourth quarter worth $27,000. BluePath Capital Management LLC acquired a new position in shares of Rockwell Automation in the 3rd quarter valued at $29,000. Finally, Fortitude Family Office LLC bought a new stake in shares of Rockwell Automation in the 4th quarter valued at $46,000. 75.75% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Oppenheimer reduced their target price on Rockwell Automation from $324.00 to $300.00 and set an “outperform” rating on the stock in a report on Thursday, February 1st. Barclays cut their price objective on Rockwell Automation from $269.00 to $265.00 and set an “underweight” rating on the stock in a report on Tuesday, April 2nd. JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $254.00 price objective on shares of Rockwell Automation in a research report on Thursday, March 21st. Citigroup dropped their target price on shares of Rockwell Automation from $330.00 to $322.00 and set a “buy” rating on the stock in a report on Monday, April 8th. Finally, 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 report on Thursday, February 1st. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $310.08.

Rockwell Automation Trading Down 0.1 %

Shares of Rockwell Automation stock opened at $279.97 on Tuesday. The company has a market capitalization of $32.08 billion, a price-to-earnings ratio of 26.64, a P/E/G ratio of 2.83 and a beta of 1.43. 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 has a fifty day simple moving average of $282.51 and a two-hundred day simple moving average of $283.46. Rockwell Automation, Inc. has a 1 year low of $252.11 and a 1 year high of $348.52.

Rockwell Automation (NYSE:ROK) last released its quarterly earnings results on Wednesday, January 31st. The industrial products company reported $2.04 earnings per share (EPS) for the quarter, missing the consensus estimate 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 during the quarter, compared to the consensus estimate of $2.08 billion. During the same quarter last year, the firm earned $2.46 earnings per share. Research analysts forecast that Rockwell Automation, Inc. will post 11.98 EPS for the current year.

Rockwell Automation Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Monday, May 13th will be given a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a yield of 1.79%. The ex-dividend date of this dividend is Friday, May 10th. Rockwell Automation’s dividend payout ratio is currently 47.57%.

Insiders Place Their Bets

In other news, VP Brian A. Shepherd sold 637 shares of the stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $262.87, for a total transaction of $167,448.19. Following the sale, the vice president now directly owns 5,088 shares of the company’s stock, valued at approximately $1,337,482.56. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Rockwell Automation news, VP Scott Genereux sold 500 shares of the company’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $290.00, for a total transaction of $145,000.00. Following the completion of the sale, the vice president now directly owns 2,383 shares in the company, valued at $691,070. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Brian A. Shepherd sold 637 shares of the firm’s stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $262.87, for a total value of $167,448.19. Following the completion of the sale, the vice president now directly owns 5,088 shares in the company, valued at approximately $1,337,482.56. The disclosure for this sale can be found here. Insiders have sold a total of 17,877 shares of company stock worth $5,058,772 in the last 90 days. Company 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.