Rockwell Automation, Inc. (NYSE:ROK) Stake Reduced by Beacon Investment Advisory Services Inc.

Beacon Investment Advisory Services Inc. cut its holdings in Rockwell Automation, Inc. (NYSE:ROKGet Rating) by 19.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 12,893 shares of the industrial products company’s stock after selling 3,167 shares during the quarter. Beacon Investment Advisory Services Inc.’s holdings in Rockwell Automation were worth $4,498,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Credit Suisse AG raised its position in Rockwell Automation by 3.6% in the third quarter. Credit Suisse AG now owns 276,222 shares of the industrial products company’s stock worth $81,221,000 after acquiring an additional 9,616 shares in the last quarter. Janney Montgomery Scott LLC raised its position in Rockwell Automation by 1.4% in the fourth quarter. Janney Montgomery Scott LLC now owns 67,196 shares of the industrial products company’s stock worth $23,442,000 after acquiring an additional 943 shares in the last quarter. Advisor Group Holdings Inc. raised its position in Rockwell Automation by 1.4% in the fourth quarter. Advisor Group Holdings Inc. now owns 44,216 shares of the industrial products company’s stock worth $15,387,000 after acquiring an additional 604 shares in the last quarter. Oppenheimer & Co. Inc. raised its position in Rockwell Automation by 2.2% in the fourth quarter. Oppenheimer & Co. Inc. now owns 23,603 shares of the industrial products company’s stock worth $8,234,000 after acquiring an additional 516 shares in the last quarter. Finally, AlphaCrest Capital Management LLC raised its position in Rockwell Automation by 96.4% in the third quarter. AlphaCrest Capital Management LLC now owns 4,150 shares of the industrial products company’s stock worth $1,220,000 after acquiring an additional 2,037 shares in the last quarter. Hedge funds and other institutional investors own 75.96% of the company’s stock.

In related news, VP Brian A. Shepherd sold 621 shares of the business’s stock in a transaction that occurred on Wednesday, February 2nd. The stock was sold at an average price of $294.22, for a total value of $182,710.62. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.68% of the company’s stock.

Shares of NYSE ROK traded up $8.15 during trading hours on Tuesday, hitting $269.62. The stock had a trading volume of 15,791 shares, compared to its average volume of 701,682. The company has a market capitalization of $31.33 billion, a P/E ratio of 30.47, a P/E/G ratio of 2.67 and a beta of 1.44. The firm’s 50-day moving average price is $270.16 and its two-hundred day moving average price is $306.23. Rockwell Automation, Inc. has a 52 week low of $250.65 and a 52 week high of $354.99. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.78 and a current ratio of 1.07.

Rockwell Automation (NYSE:ROKGet Rating) last announced its quarterly earnings results on Thursday, January 27th. The industrial products company reported $2.14 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.00 by $0.14. The business had revenue of $1.86 billion during the quarter, compared to analysts’ expectations of $1.82 billion. Rockwell Automation had a return on equity of 42.24% and a net margin of 13.81%. The firm’s quarterly revenue was up 18.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.38 EPS. As a group, analysts expect that Rockwell Automation, Inc. will post 10.62 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, June 10th. Investors of record on Monday, May 16th will be paid a $1.12 dividend. The ex-dividend date of this dividend is Friday, May 13th. This represents a $4.48 annualized dividend and a dividend yield of 1.66%. Rockwell Automation’s payout ratio is 52.21%.

ROK has been the topic of several recent analyst reports. The Goldman Sachs Group cut their price objective on Rockwell Automation from $294.00 to $252.00 and set a “sell” rating on the stock in a report on Thursday, April 7th. Citigroup cut their price objective on Rockwell Automation from $400.00 to $381.00 in a report on Friday, January 28th. Morgan Stanley cut their price objective on Rockwell Automation from $395.00 to $360.00 and set an “overweight” rating on the stock in a report on Thursday, April 7th. Sanford C. Bernstein initiated coverage on Rockwell Automation in a report on Monday, January 10th. They set an “outperform” rating and a $378.00 price objective on the stock. Finally, Barclays cut their price objective on Rockwell Automation from $318.00 to $300.00 and set an “equal weight” rating on the stock in a report on Monday, April 4th. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, Rockwell Automation currently has a consensus rating of “Hold” and a consensus target price of $316.06.

Rockwell Automation Company Profile (Get Rating)

Rockwell Automation, Inc provides industrial automation and digital transformation solutions in the United States and internationally. The company operates in 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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