Pitcairn Co. Has $319,000 Stock Position in Rockwell Automation, Inc. (NYSE:ROK)

Pitcairn Co. raised its holdings in Rockwell Automation, Inc. (NYSE:ROK) by 4.2% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,096 shares of the industrial products company’s stock after purchasing an additional 44 shares during the quarter. Pitcairn Co.’s holdings in Rockwell Automation were worth $319,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Riverview Trust Co acquired a new position in Rockwell Automation during the first quarter worth about $28,000. Bfsg LLC acquired a new stake in shares of Rockwell Automation during the 1st quarter valued at $29,000. ESL Trust Services LLC acquired a new stake in shares of Rockwell Automation during the first quarter valued at about $29,000. Security National Bank acquired a new stake in Rockwell Automation during the 4th quarter worth approximately $40,000. Finally, Cooksen Wealth LLC bought a new stake in shares of Rockwell Automation in the fourth quarter worth $40,000. Institutional investors own 75.75% of the company’s stock.

Insiders Place Their Bets

In other news, SVP Tessa M. Myers sold 528 shares of the business’s stock in a transaction dated Tuesday, June 11th. The stock was sold at an average price of $253.78, for a total transaction of $133,995.84. Following the completion of the transaction, the senior vice president now owns 3,718 shares of the company’s stock, valued at $943,554.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, VP John M. Miller sold 467 shares of Rockwell Automation stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $273.27, for a total value of $127,617.09. Following the transaction, the vice president now owns 4,800 shares in the company, valued at approximately $1,311,696. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Tessa M. Myers sold 528 shares of the company’s stock in a transaction dated Tuesday, June 11th. The shares were sold at an average price of $253.78, for a total transaction of $133,995.84. Following the sale, the senior vice president now owns 3,718 shares of the company’s stock, valued at $943,554.04. The disclosure for this sale can be found here. Insiders have sold 2,199 shares of company stock worth $572,750 in the last ninety days. 0.68% of the stock is currently owned by insiders.

Rockwell Automation Stock Performance

NYSE ROK traded up $7.80 during trading on Thursday, hitting $270.87. 1,222,413 shares of the company’s stock traded hands, compared to its average volume of 978,806. The business has a 50 day moving average of $265.61 and a 200-day moving average of $277.25. The stock has a market capitalization of $30.88 billion, a price-to-earnings ratio of 26.49, a PEG ratio of 4.51 and a beta of 1.37. Rockwell Automation, Inc. has a 12-month low of $249.00 and a 12-month high of $339.65. 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 (NYSE:ROK) last issued its earnings results on Wednesday, May 8th. The industrial products company reported $2.50 EPS for the quarter, topping the consensus estimate of $2.15 by $0.35. Rockwell Automation had a return on equity of 34.83% and a net margin of 13.19%. The business had revenue of $2.13 billion during the quarter, compared to the consensus estimate of $2.05 billion. During the same quarter last year, the company earned $3.01 EPS. The firm’s revenue was down 6.6% compared to the same quarter last year. As a group, equities research analysts anticipate that Rockwell Automation, Inc. will post 10.12 earnings per share for the current fiscal year.

Rockwell Automation Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 10th. Investors of record on Monday, August 12th will be given a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a yield of 1.85%. The ex-dividend date is Monday, August 12th. Rockwell Automation’s payout ratio is 48.88%.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. Mizuho reduced their target price on Rockwell Automation from $265.00 to $260.00 and set a “neutral” rating on the stock in a report on Wednesday, May 8th. Wells Fargo & Company decreased their target price on Rockwell Automation from $312.00 to $305.00 and set an “overweight” rating for the company in a research report on Wednesday, July 10th. Redburn Atlantic assumed coverage on shares of Rockwell Automation in a report on Monday, July 8th. They set a “neutral” rating and a $256.00 price objective on the stock. Robert W. Baird dropped their target price on Rockwell Automation from $310.00 to $304.00 and set an “outperform” rating on the stock in a report on Wednesday, May 8th. Finally, Barclays cut their price target 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. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, Rockwell Automation currently has a consensus rating of “Hold” and an average target price of $300.71.

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.