MCF Advisors LLC Cuts Stock Position in Rockwell Automation, Inc. (NYSE:ROK)

MCF Advisors LLC decreased its position in shares of Rockwell Automation, Inc. (NYSE:ROK) by 54.5% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 779 shares of the industrial products company’s stock after selling 932 shares during the period. MCF Advisors LLC’s holdings in Rockwell Automation were worth $214,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of ROK. Pathway Financial Advisers LLC purchased a new stake in shares of Rockwell Automation during the 1st quarter valued at $26,000. Riverview Trust Co acquired a new position in Rockwell Automation during the 1st quarter valued at about $28,000. Bfsg LLC purchased a new stake in Rockwell Automation in the first quarter valued at about $29,000. ESL Trust Services LLC acquired a new stake in Rockwell Automation in the first quarter worth about $29,000. Finally, Security National Bank purchased a new stake in shares of Rockwell Automation during the fourth quarter worth about $40,000. 75.75% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Rockwell Automation

In related 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 completion of the transaction, the senior vice president now owns 3,718 shares in the company, valued at approximately $943,554.04. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 0.68% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Robert W. Baird decreased their price objective on shares of Rockwell Automation from $304.00 to $280.00 and set an “outperform” rating for the company in a research report on Thursday, August 8th. Oppenheimer decreased their price target on shares of Rockwell Automation from $295.00 to $270.00 and set an “outperform” rating for the company in a report on Thursday, August 8th. Barclays dropped their price objective on shares of Rockwell Automation from $250.00 to $245.00 and set an “underweight” rating on the stock in a report on Wednesday, July 10th. Bank of America reduced their target price on Rockwell Automation from $300.00 to $270.00 and set a “neutral” rating for the company in a research note on Thursday, August 8th. Finally, TD Cowen dropped their price target on Rockwell Automation from $220.00 to $215.00 and set a “sell” rating on the stock in a research note on Thursday, August 8th. Three analysts have rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, Rockwell Automation presently has an average rating of “Hold” and an average price target of $282.80.

Rockwell Automation Trading Up 0.1 %

Shares of NYSE:ROK opened at $256.92 on Friday. The company has a current ratio of 1.04, a quick ratio of 0.68 and a debt-to-equity ratio of 0.73. Rockwell Automation, Inc. has a 12-month low of $242.81 and a 12-month high of $312.76. The business has a 50 day moving average of $266.81 and a two-hundred day moving average of $271.67. The company has a market capitalization of $29.29 billion, a PE ratio of 25.11, a PEG ratio of 4.84 and a beta of 1.37.

Rockwell Automation (NYSE:ROK) last posted its earnings results on Wednesday, August 7th. The industrial products company reported $2.71 earnings per share for the quarter, beating the consensus estimate of $2.08 by $0.63. Rockwell Automation had a net margin of 11.56% and a return on equity of 34.09%. The firm had revenue of $2.05 billion during the quarter, compared to analyst estimates of $2.03 billion. During the same period in the previous year, the firm earned $3.01 EPS. The business’s quarterly revenue was down 8.4% on a year-over-year basis. As a group, analysts forecast that Rockwell Automation, Inc. will post 9.66 EPS for the current year.

About Rockwell Automation

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.