Rockwell Automation, Inc. (NYSE:ROK) Stock Position Reduced by American National Bank

American National Bank lessened its position in shares of Rockwell Automation, Inc. (NYSE:ROK) by 6.6% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 884 shares of the industrial products company’s stock after selling 62 shares during the period. American National Bank’s holdings in Rockwell Automation were worth $258,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the company. Bruce G. Allen Investments LLC bought a new stake in shares of Rockwell Automation in the 4th quarter worth approximately $27,000. Provence Wealth Management Group bought a new stake in shares of Rockwell Automation in the 3rd quarter worth approximately $27,000. Security National Bank bought a new stake in shares of Rockwell Automation in the 4th quarter worth approximately $40,000. Cooksen Wealth LLC bought a new stake in shares of Rockwell Automation in the 4th quarter worth approximately $40,000. Finally, Fortitude Family Office LLC bought a new stake in shares of Rockwell Automation in the 4th quarter worth approximately $46,000. Institutional investors own 75.75% of the company’s stock.

Insiders Place Their Bets

In other Rockwell Automation news, SVP Cyril Perducat sold 659 shares of the business’s stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $260.11, for a total value of $171,412.49. Following the completion of the sale, the senior vice president now owns 4,630 shares of the company’s stock, valued at $1,204,309.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, SVP Tessa M. Myers sold 528 shares of Rockwell Automation stock in a transaction dated Tuesday, June 11th. The stock was sold at an average price of $253.78, for a total value of $133,995.84. Following the transaction, the senior vice president now directly owns 3,718 shares in the company, valued at $943,554.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Cyril Perducat sold 659 shares of Rockwell Automation stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $260.11, for a total value of $171,412.49. Following the completion of the transaction, the senior vice president now owns 4,630 shares in the company, valued at $1,204,309.30. The disclosure for this sale can be found here. Insiders sold 2,199 shares of company stock valued at $572,750 over the last quarter. Insiders own 0.68% of the company’s stock.

Rockwell Automation Price Performance

ROK opened at $258.68 on Friday. The stock has a market cap of $29.49 billion, a price-to-earnings ratio of 25.29, a PEG ratio of 4.07 and a beta of 1.37. Rockwell Automation, Inc. has a 1 year low of $249.00 and a 1 year high of $348.52. The company has a current ratio of 1.11, a quick ratio of 0.74 and a debt-to-equity ratio of 0.69. The stock has a fifty day moving average price of $267.22 and a 200 day moving average price of $281.93.

Rockwell Automation (NYSE:ROK) last released its quarterly earnings data on Wednesday, May 8th. The industrial products company reported $2.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.15 by $0.35. Rockwell Automation had a return on equity of 34.83% and a net margin of 13.19%. The firm had revenue of $2.13 billion during the quarter, compared to analysts’ expectations of $2.05 billion. During the same quarter last year, the firm earned $3.01 earnings per share. The business’s revenue for the quarter was down 6.6% on a year-over-year basis. Analysts forecast that Rockwell Automation, Inc. will post 10.14 EPS for the current fiscal year.

Rockwell Automation Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Shareholders of record on Monday, August 12th will be given a $1.25 dividend. The ex-dividend date is Monday, August 12th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.93%. Rockwell Automation’s dividend payout ratio is currently 48.88%.

Analyst Upgrades and Downgrades

ROK has been the topic of several recent analyst reports. Mizuho cut their target price on Rockwell Automation from $265.00 to $260.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 8th. Barclays cut their target price on Rockwell Automation from $260.00 to $250.00 and set an “underweight” rating on the stock in a research note on Tuesday, June 4th. Robert W. Baird cut their target price on Rockwell Automation from $310.00 to $304.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 8th. Wells Fargo & Company lowered their price target on Rockwell Automation from $320.00 to $312.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 8th. Finally, Citigroup decreased their target price on Rockwell Automation from $322.00 to $316.00 and set a “buy” rating on the stock in a report on Wednesday, May 8th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Rockwell Automation currently has an average rating of “Hold” and an average target price of $307.21.

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.