WealthPLAN Partners LLC Sells 92 Shares of Rockwell Automation, Inc. (NYSE:ROK)

WealthPLAN Partners LLC cut its stake in shares of Rockwell Automation, Inc. (NYSE:ROK) by 7.8% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,081 shares of the industrial products company’s stock after selling 92 shares during the quarter. WealthPLAN Partners LLC’s holdings in Rockwell Automation were worth $315,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Bruce G. Allen Investments LLC purchased a new stake in shares of Rockwell Automation during the 4th quarter worth approximately $27,000. Riverview Trust Co purchased a new stake in shares of Rockwell Automation during the 1st quarter worth approximately $28,000. Bfsg LLC purchased a new stake in shares of Rockwell Automation during the 1st quarter worth approximately $29,000. Security National Bank purchased a new stake in shares of Rockwell Automation during the 4th quarter worth approximately $40,000. Finally, Cooksen Wealth LLC purchased a new stake in shares of Rockwell Automation during the 4th quarter worth approximately $40,000. 75.75% of the stock is currently owned by institutional investors.

Rockwell Automation Stock Up 2.7 %

ROK stock traded up $7.57 during trading on Monday, reaching $290.92. 377,433 shares of the company traded hands, compared to its average volume of 984,271. The business has a 50 day simple moving average of $264.83 and a 200 day simple moving average of $278.71. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.74 and a current ratio of 1.11. Rockwell Automation, Inc. has a 12 month low of $249.00 and a 12 month high of $348.52. The company has a market capitalization of $33.17 billion, a price-to-earnings ratio of 28.26, a price-to-earnings-growth ratio of 4.69 and a beta of 1.37.

Rockwell Automation (NYSE:ROK) last released its quarterly earnings results on Wednesday, May 8th. The industrial products company reported $2.50 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 company had revenue of $2.13 billion during the quarter, compared to analysts’ expectations of $2.05 billion. During the same period last year, the business posted $3.01 earnings per share. The firm’s revenue was down 6.6% compared to the same quarter last year. On average, equities research analysts anticipate that Rockwell Automation, Inc. will post 10.16 earnings per share for the current fiscal year.

Rockwell Automation Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Monday, August 12th will be paid a $1.25 dividend. This represents a $5.00 annualized dividend and a dividend yield of 1.72%. The ex-dividend date is Monday, August 12th. Rockwell Automation’s payout ratio is 48.88%.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on ROK shares. Robert W. Baird decreased their price objective on Rockwell Automation from $310.00 to $304.00 and set an “outperform” rating on the stock in a report on Wednesday, May 8th. Wells Fargo & Company decreased their price target on Rockwell Automation from $312.00 to $305.00 and set an “overweight” rating on the stock in a report on Wednesday, July 10th. Redburn Atlantic started coverage on Rockwell Automation in a report on Monday, July 8th. They set a “neutral” rating and a $256.00 price target on the stock. Loop Capital decreased their price target on Rockwell Automation from $300.00 to $290.00 and set a “hold” rating on the stock in a report on Tuesday, May 14th. Finally, JPMorgan Chase & Co. restated an “underweight” rating and set a $254.00 price target on shares of Rockwell Automation in a report on Thursday, March 21st. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $300.71.

Insider Transactions at Rockwell Automation

In related news, SVP Cyril Perducat sold 659 shares of the firm’s stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $260.11, for a total transaction of $171,412.49. Following the sale, the senior vice president now directly owns 4,630 shares of the company’s stock, valued at $1,204,309.30. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, VP Isaac Woods sold 297 shares of Rockwell Automation stock in a transaction that occurred on Friday, June 7th. The stock was sold at an average price of $256.38, for a total value of $76,144.86. Following the sale, the vice president now directly owns 1,833 shares of the company’s stock, valued at $469,944.54. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Cyril Perducat sold 659 shares of Rockwell Automation stock in a transaction that occurred on 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 directly owns 4,630 shares in the company, valued at $1,204,309.30. The disclosure for this sale can be found here. Insiders sold a total of 2,199 shares of company stock worth $572,750 over the last three months. 0.68% of the stock is currently owned by insiders.

Rockwell Automation Company 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.