SevenBridge Financial Group LLC Sells 59 Shares of Rockwell Automation, Inc. (NYSE:ROK)

SevenBridge Financial Group LLC lessened its stake in Rockwell Automation, Inc. (NYSE:ROK) by 5.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,063 shares of the industrial products company’s stock after selling 59 shares during the period. SevenBridge Financial Group LLC’s holdings in Rockwell Automation were worth $323,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Townsquare Capital LLC grew its holdings in shares of Rockwell Automation by 13.2% in the third quarter. Townsquare Capital LLC now owns 2,104 shares of the industrial products company’s stock worth $565,000 after acquiring an additional 245 shares during the period. Public Sector Pension Investment Board grew its stake in shares of Rockwell Automation by 14.0% during the 3rd quarter. Public Sector Pension Investment Board now owns 4,897 shares of the industrial products company’s stock valued at $1,315,000 after purchasing an additional 600 shares during the period. Ascent Group LLC increased its position in shares of Rockwell Automation by 7.2% during the 3rd quarter. Ascent Group LLC now owns 3,520 shares of the industrial products company’s stock valued at $945,000 after purchasing an additional 235 shares during the last quarter. Centiva Capital LP bought a new position in shares of Rockwell Automation in the 3rd quarter worth approximately $1,186,000. Finally, Investment Management Corp of Ontario boosted its holdings in shares of Rockwell Automation by 50.9% in the third quarter. Investment Management Corp of Ontario now owns 3,854 shares of the industrial products company’s stock worth $1,035,000 after buying an additional 1,300 shares during the last quarter. 75.75% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, SVP Tessa M. Myers sold 1,231 shares of the business’s stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $285.43, for a total transaction of $351,364.33. Following the transaction, the senior vice president now owns 3,650 shares of the company’s stock, valued at approximately $1,041,819.50. The trade was a 25.22 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Isaac Woods sold 895 shares of the stock in a transaction on Friday, January 10th. The shares were sold at an average price of $274.72, for a total value of $245,874.40. Following the sale, the vice president now owns 1,198 shares in the company, valued at $329,114.56. The trade was a 42.76 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 4,352 shares of company stock worth $1,246,298. Insiders own 0.68% of the company’s stock.

Analyst Upgrades and Downgrades

ROK has been the topic of several recent research reports. Barclays decreased their price target on shares of Rockwell Automation from $285.00 to $280.00 and set an “equal weight” rating on the stock in a research report on Wednesday, March 26th. Loop Capital lifted their target price on Rockwell Automation from $260.00 to $280.00 and gave the company a “hold” rating in a research report on Tuesday, February 25th. Citigroup upped their price target on Rockwell Automation from $345.00 to $350.00 and gave the stock a “buy” rating in a research report on Tuesday, February 11th. Oppenheimer raised their price objective on Rockwell Automation from $300.00 to $320.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 11th. Finally, The Goldman Sachs Group boosted their price objective on Rockwell Automation from $257.00 to $290.00 and gave the company a “sell” rating in a research note on Tuesday, February 11th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $307.42.

Rockwell Automation Stock Performance

Shares of NYSE ROK opened at $260.75 on Thursday. The company has a market cap of $29.48 billion, a P/E ratio of 32.47, a P/E/G ratio of 3.53 and a beta of 1.39. Rockwell Automation, Inc. has a 52-week low of $242.81 and a 52-week high of $308.70. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.72 and a current ratio of 1.08. The firm’s fifty day moving average is $277.15 and its two-hundred day moving average is $278.76.

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 30.17% and a net margin of 11.38%. As a group, analysts anticipate that Rockwell Automation, Inc. will post 9.35 EPS for the current fiscal year.

Rockwell Automation Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Monday, May 19th will be issued a $1.31 dividend. This represents a $5.24 dividend on an annualized basis and a dividend yield of 2.01%. Rockwell Automation’s dividend payout ratio (DPR) is presently 65.26%.

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.