Aviso Financial Inc. Sells 43 Shares of Rockwell Automation, Inc. (NYSE:ROK)

Aviso Financial Inc. reduced its holdings in shares of Rockwell Automation, Inc. (NYSE:ROK) by 4.6% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 886 shares of the industrial products company’s stock after selling 43 shares during the quarter. Aviso Financial Inc.’s holdings in Rockwell Automation were worth $253,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. MCF Advisors LLC increased its stake in Rockwell Automation by 95.8% in the 4th quarter. MCF Advisors LLC now owns 2,332 shares of the industrial products company’s stock valued at $667,000 after buying an additional 1,141 shares during the last quarter. Ameritas Advisory Services LLC increased its position in shares of Rockwell Automation by 99.1% in the fourth quarter. Ameritas Advisory Services LLC now owns 5,187 shares of the industrial products company’s stock valued at $1,482,000 after acquiring an additional 2,582 shares during the last quarter. GSA Capital Partners LLP bought a new stake in Rockwell Automation during the third quarter worth about $912,000. Nomura Asset Management Co. Ltd. boosted its position in Rockwell Automation by 6.0% during the third quarter. Nomura Asset Management Co. Ltd. now owns 34,209 shares of the industrial products company’s stock valued at $9,184,000 after purchasing an additional 1,928 shares during the last quarter. Finally, Nordea Investment Management AB grew its stake in Rockwell Automation by 5.9% in the fourth quarter. Nordea Investment Management AB now owns 462,537 shares of the industrial products company’s stock valued at $132,554,000 after purchasing an additional 25,882 shares in the last quarter. 75.75% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on ROK shares. Barclays dropped their price objective on Rockwell Automation from $300.00 to $285.00 and set an “equal weight” rating on the stock in a research note on Monday, March 10th. Morgan Stanley increased their price target on shares of Rockwell Automation from $335.00 to $345.00 and gave the company an “overweight” rating in a research note on Wednesday, February 12th. Stephens upgraded shares of Rockwell Automation from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $275.00 to $350.00 in a research note on Thursday, January 16th. KeyCorp upgraded shares of Rockwell Automation from a “sector weight” rating to an “overweight” rating and set a $345.00 target price for the company in a research note on Monday, December 9th. Finally, BNP Paribas downgraded Rockwell Automation from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 11th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $307.68.

Insider Buying and Selling at Rockwell Automation

In other news, SVP Tessa M. Myers sold 1,231 shares of Rockwell Automation stock in a transaction on Friday, February 28th. The stock was sold at an average price of $285.43, for a total value of $351,364.33. Following the transaction, the senior vice president now owns 3,650 shares in the company, valued at approximately $1,041,819.50. This trade represents a 25.22 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Isaac Woods sold 895 shares of the business’s stock in a transaction on Friday, January 10th. The stock was sold at an average price of $274.72, for a total value of $245,874.40. Following the transaction, the vice president now directly owns 1,198 shares of the company’s stock, valued at $329,114.56. This trade represents a 42.76 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 4,352 shares of company stock worth $1,246,298 over the last three months. Corporate insiders own 0.68% of the company’s stock.

Rockwell Automation Stock Performance

NYSE:ROK opened at $260.09 on Friday. The company has a market cap of $29.41 billion, a price-to-earnings ratio of 32.39, a PEG ratio of 3.53 and a beta of 1.39. Rockwell Automation, Inc. has a fifty-two week low of $242.81 and a fifty-two week high of $308.70. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.72 and a current ratio of 1.08. The stock has a fifty day moving average price of $282.10 and a 200-day moving average price of $278.59.

Rockwell Automation (NYSE:ROK) last posted its quarterly earnings data on Monday, February 10th. The industrial products company reported $1.83 earnings per share for the quarter, topping the consensus estimate of $1.61 by $0.22. Rockwell Automation had a net margin of 11.38% and a return on equity of 30.17%. As a group, equities analysts anticipate that Rockwell Automation, Inc. will post 9.35 EPS for the current fiscal year.

Rockwell Automation Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Tuesday, February 18th were paid a $1.31 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $5.24 dividend on an annualized basis and a yield of 2.01%. Rockwell Automation’s dividend payout ratio (DPR) is 65.26%.

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.