Yousif Capital Management LLC Sells 528 Shares of Rockwell Automation, Inc. (NYSE:ROK)

Yousif Capital Management LLC decreased its stake in shares of Rockwell Automation, Inc. (NYSE:ROK) by 3.6% in the fourth quarter, Holdings Channel.com reports. The fund owned 14,253 shares of the industrial products company’s stock after selling 528 shares during the period. Yousif Capital Management LLC’s holdings in Rockwell Automation were worth $4,073,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Richardson Financial Services Inc. grew its position in shares of Rockwell Automation by 100.0% during the third quarter. Richardson Financial Services Inc. now owns 96 shares of the industrial products company’s stock valued at $26,000 after purchasing an additional 48 shares in the last quarter. Ashton Thomas Securities LLC bought a new stake in Rockwell Automation in the 3rd quarter worth approximately $26,000. West Oak Capital LLC raised its holdings in shares of Rockwell Automation by 455.6% during the 4th quarter. West Oak Capital LLC now owns 100 shares of the industrial products company’s stock worth $29,000 after acquiring an additional 82 shares in the last quarter. Darwin Wealth Management LLC purchased a new stake in shares of Rockwell Automation during the 3rd quarter worth approximately $34,000. Finally, Heck Capital Advisors LLC bought a new position in shares of Rockwell Automation during the 4th quarter valued at approximately $57,000. Institutional investors own 75.75% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. KeyCorp upgraded shares of Rockwell Automation from a “sector weight” rating to an “overweight” rating and set a $345.00 price target on the stock in a research report on Monday, December 9th. Mizuho upped their target price on shares of Rockwell Automation from $245.00 to $270.00 and gave the company a “neutral” rating in a research report on Thursday, October 17th. Oppenheimer lifted their price target on Rockwell Automation from $288.00 to $300.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. Morgan Stanley boosted their price objective on Rockwell Automation from $320.00 to $335.00 and gave the stock an “overweight” rating in a research note on Friday, November 15th. Finally, Jefferies Financial Group raised Rockwell Automation from a “hold” rating to a “buy” rating and raised their price objective for the company from $290.00 to $350.00 in a research note on Thursday, December 12th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $304.16.

Insider Buying and Selling at Rockwell Automation

In other Rockwell Automation news, VP Scott Genereux sold 279 shares of the firm’s stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $296.13, for a total transaction of $82,620.27. Following the transaction, the vice president now owns 2,891 shares of the company’s stock, valued at approximately $856,111.83. This trade represents a 8.80 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP John M. Miller sold 467 shares of the company’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $284.07, for a total transaction of $132,660.69. Following the completion of the sale, the vice president now directly owns 4,800 shares of the company’s stock, valued at $1,363,536. The trade was a 8.87 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 35,857 shares of company stock valued at $10,678,037 in the last ninety days. Corporate insiders own 0.68% of the company’s stock.

Rockwell Automation Trading Down 0.2 %

ROK stock opened at $268.27 on Friday. Rockwell Automation, Inc. has a 12 month low of $242.81 and a 12 month high of $304.29. The firm’s 50-day moving average is $286.26 and its 200 day moving average is $275.01. The company has a market capitalization of $30.32 billion, a PE ratio of 32.40, a P/E/G ratio of 3.00 and a beta of 1.35. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.08 and a quick ratio of 0.72.

Rockwell Automation (NYSE:ROK) last issued its earnings results on Thursday, November 7th. The industrial products company reported $2.47 EPS for the quarter, topping analysts’ consensus estimates of $2.40 by $0.07. The business had revenue of $2.04 billion for the quarter, compared to analyst estimates of $2.06 billion. Rockwell Automation had a net margin of 11.53% and a return on equity of 30.42%. The company’s quarterly revenue was down 20.6% compared to the same quarter last year. During the same period last year, the company posted $3.64 earnings per share. On average, research analysts anticipate that Rockwell Automation, Inc. will post 9.32 EPS for the current year.

Rockwell Automation Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Tuesday, February 18th will be issued a dividend of $1.31 per share. The ex-dividend date is Tuesday, February 18th. This represents a $5.24 annualized dividend and a yield of 1.95%. Rockwell Automation’s payout ratio is currently 63.29%.

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.