TFC Financial Management Inc. Decreases Position in Rockwell Automation, Inc. (NYSE:ROK)

TFC Financial Management Inc. decreased its holdings in shares of Rockwell Automation, Inc. (NYSE:ROK) by 30.1% in the 4th quarter, Holdings Channel.com reports. The firm owned 546 shares of the industrial products company’s stock after selling 235 shares during the quarter. TFC Financial Management Inc.’s holdings in Rockwell Automation were worth $156,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Ritholtz Wealth Management acquired a new position in Rockwell Automation during the third quarter worth approximately $214,000. Creative Planning increased its position in Rockwell Automation by 3.2% during the third quarter. Creative Planning now owns 25,927 shares of the industrial products company’s stock worth $6,960,000 after buying an additional 807 shares during the period. Roberts Wealth Advisors LLC increased its position in Rockwell Automation by 107.7% during the third quarter. Roberts Wealth Advisors LLC now owns 12,507 shares of the industrial products company’s stock worth $3,329,000 after buying an additional 6,484 shares during the period. Sumitomo Life Insurance Co. increased its position in Rockwell Automation by 1.5% during the third quarter. Sumitomo Life Insurance Co. now owns 10,081 shares of the industrial products company’s stock worth $2,706,000 after buying an additional 148 shares during the period. Finally, Sumitomo Mitsui DS Asset Management Company Ltd increased its position in Rockwell Automation by 3.0% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 35,382 shares of the industrial products company’s stock worth $9,499,000 after buying an additional 1,033 shares during the period. Hedge funds and other institutional investors own 75.75% of the company’s stock.

Rockwell Automation Stock Down 0.6 %

ROK opened at $302.01 on Thursday. The business’s fifty day moving average is $286.07 and its two-hundred day moving average is $275.47. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.72 and a current ratio of 1.08. The company has a market cap of $34.14 billion, a price-to-earnings ratio of 36.47, a PEG ratio of 2.89 and a beta of 1.35. Rockwell Automation, Inc. has a one year low of $242.81 and a one year high of $308.70.

Rockwell Automation (NYSE:ROK) last posted its earnings results on Monday, February 10th. The industrial products company reported $1.83 EPS for the quarter, topping analysts’ consensus estimates of $1.61 by $0.22. Rockwell Automation had a return on equity of 30.42% and a net margin of 11.53%. Analysts anticipate that Rockwell Automation, Inc. will post 9.32 EPS for the current fiscal year.

Rockwell Automation Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Tuesday, February 18th will be given a dividend of $1.31 per share. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $5.24 dividend on an annualized basis and a yield of 1.74%. Rockwell Automation’s payout ratio is 63.29%.

Insider Activity

In other news, VP Scott Genereux sold 278 shares of the company’s stock in a transaction on Monday, December 9th. The stock was sold at an average price of $302.04, for a total value of $83,967.12. Following the sale, the vice president now directly owns 3,184 shares in the company, valued at $961,695.36. This represents a 8.03 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Blake D. Moret sold 26,700 shares of the stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $298.63, for a total value of $7,973,421.00. Following the transaction, the chief executive officer now owns 78,115 shares in the company, valued at $23,327,482.45. This trade represents a 25.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 35,857 shares of company stock worth $10,678,037 over the last three months. 0.68% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

ROK has been the topic of several research analyst reports. Morgan Stanley lifted their price target on Rockwell Automation from $335.00 to $345.00 and gave the stock an “overweight” rating in a research report on Wednesday. Barclays boosted their target price on Rockwell Automation from $285.00 to $300.00 and gave the company an “equal weight” rating in a report on Tuesday. HSBC raised Rockwell Automation from a “hold” rating to a “buy” rating and set a $355.00 target price on the stock in a report on Wednesday, December 11th. KeyCorp raised Rockwell Automation from a “sector weight” rating to an “overweight” rating and set a $345.00 target price on the stock in a report on Monday, December 9th. Finally, Wells Fargo & Company boosted their target price on Rockwell Automation from $315.00 to $337.00 and gave the company an “overweight” rating in a report on Tuesday. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, Rockwell Automation has an average rating of “Hold” and a consensus price target of $308.05.

Rockwell Automation 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.