Householder Group Estate & Retirement Specialist LLC Trims Stake in Rockwell Automation, Inc. (NYSE:ROK)

Householder Group Estate & Retirement Specialist LLC trimmed its holdings in shares of Rockwell Automation, Inc. (NYSE:ROKFree Report) by 13.9% during the 4th quarter, Holdings Channel reports. The fund owned 340 shares of the industrial products company’s stock after selling 55 shares during the period. Householder Group Estate & Retirement Specialist LLC’s holdings in Rockwell Automation were worth $105,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Markel Corp boosted its holdings in shares of Rockwell Automation by 1.3% in the first quarter. Markel Corp now owns 152,900 shares of the industrial products company’s stock valued at $42,816,000 after acquiring an additional 2,000 shares during the period. Sei Investments Co. lifted its holdings in shares of Rockwell Automation by 10.3% in the first quarter. Sei Investments Co. now owns 57,480 shares of the industrial products company’s stock valued at $16,221,000 after buying an additional 5,386 shares during the period. Prudential PLC acquired a new position in Rockwell Automation during the first quarter valued at $642,000. Sequoia Financial Advisors LLC boosted its stake in Rockwell Automation by 3.0% during the 1st quarter. Sequoia Financial Advisors LLC now owns 3,649 shares of the industrial products company’s stock valued at $1,021,000 after purchasing an additional 107 shares during the period. Finally, Vanguard Group Inc. lifted its position in shares of Rockwell Automation by 0.9% during the 1st quarter. Vanguard Group Inc. now owns 11,472,877 shares of the industrial products company’s stock worth $3,212,750,000 after buying an additional 106,641 shares during the period. 75.75% of the stock is currently owned by institutional investors.

Insider Transactions at Rockwell Automation

In related news, CEO Blake D. Moret purchased 3,500 shares of the business’s stock in a transaction on Monday, February 12th. The shares were purchased at an average price of $283.64 per share, with a total value of $992,740.00. Following the completion of the purchase, the chief executive officer now owns 77,215 shares in the company, valued at approximately $21,901,262.60. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, VP Brian A. Shepherd sold 637 shares of the firm’s stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $262.87, for a total transaction of $167,448.19. Following the completion of the sale, the vice president now owns 5,088 shares of the company’s stock, valued at approximately $1,337,482.56. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Blake D. Moret acquired 3,500 shares of Rockwell Automation stock in a transaction dated Monday, February 12th. The shares were bought at an average cost of $283.64 per share, with a total value of $992,740.00. Following the transaction, the chief executive officer now owns 77,215 shares in the company, valued at $21,901,262.60. The disclosure for this purchase can be found here. Insiders sold a total of 17,877 shares of company stock worth $5,058,772 in the last quarter. 0.68% of the stock is owned by company insiders.

Rockwell Automation Trading Down 0.1 %

Shares of ROK opened at $279.87 on Thursday. The company has a current ratio of 1.25, a quick ratio of 0.80 and a debt-to-equity ratio of 0.76. Rockwell Automation, Inc. has a 1-year low of $252.11 and a 1-year high of $348.52. The business’s 50-day moving average price is $282.69 and its 200 day moving average price is $284.46. The stock has a market capitalization of $32.07 billion, a P/E ratio of 26.63, a P/E/G ratio of 2.64 and a beta of 1.43.

Rockwell Automation (NYSE:ROKGet Free Report) last released its quarterly earnings data on Wednesday, January 31st. The industrial products company reported $2.04 EPS for the quarter, missing analysts’ consensus estimates of $2.62 by ($0.58). Rockwell Automation had a return on equity of 37.22% and a net margin of 13.35%. The business had revenue of $2.05 billion for the quarter, compared to the consensus estimate of $2.08 billion. During the same period in the previous year, the business posted $2.46 earnings per share. Analysts expect that Rockwell Automation, Inc. will post 12.13 earnings per share for the current year.

Rockwell Automation Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Tuesday, February 20th were given a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a dividend yield of 1.79%. The ex-dividend date of this dividend was Friday, February 16th. Rockwell Automation’s dividend payout ratio is 47.57%.

Analysts Set New Price Targets

Several research firms have weighed in on ROK. UBS Group upgraded Rockwell Automation from a “neutral” rating to a “buy” rating and upped their target price for the stock from $305.00 to $360.00 in a research note on Wednesday, January 3rd. Berenberg Bank reaffirmed a “hold” rating and set a $290.00 price objective (down from $330.00) on shares of Rockwell Automation in a research note on Wednesday, March 6th. Oppenheimer cut their price target on shares of Rockwell Automation from $324.00 to $300.00 and set an “outperform” rating on the stock in a report on Thursday, February 1st. JPMorgan Chase & Co. restated an “underweight” rating and set a $254.00 price objective on shares of Rockwell Automation in a research report on Thursday, March 21st. Finally, Mizuho reduced their target price on shares of Rockwell Automation from $300.00 to $265.00 and set a “neutral” rating on the stock in a report on Thursday, February 1st. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $308.00.

Check Out Our Latest Stock Report on Rockwell Automation

About Rockwell Automation

(Free Report)

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.

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Institutional Ownership by Quarter for Rockwell Automation (NYSE:ROK)

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