Cromwell Holdings LLC Sells 44 Shares of Rockwell Automation, Inc. (NYSE:ROK)

Cromwell Holdings LLC reduced its stake in Rockwell Automation, Inc. (NYSE:ROK) by 12.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 323 shares of the industrial products company’s stock after selling 44 shares during the quarter. Cromwell Holdings LLC’s holdings in Rockwell Automation were worth $92,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Richardson Financial Services Inc. raised its holdings in Rockwell Automation by 100.0% in the 3rd quarter. Richardson Financial Services Inc. now owns 96 shares of the industrial products company’s stock valued at $26,000 after acquiring an additional 48 shares during the period. Ashton Thomas Securities LLC acquired a new position in shares of Rockwell Automation during the 3rd quarter worth approximately $26,000. West Oak Capital LLC grew its position 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 purchasing an additional 82 shares in the last quarter. Darwin Wealth Management LLC acquired a new position in shares of Rockwell Automation during the 3rd quarter worth approximately $34,000. Finally, Bank of Jackson Hole Trust acquired a new position in shares of Rockwell Automation during the 4th quarter worth approximately $34,000. 75.75% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on ROK shares. Robert W. Baird increased their target price on shares of Rockwell Automation from $305.00 to $315.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 11th. UBS Group started coverage on shares of Rockwell Automation in a research report on Wednesday, November 13th. They set a “neutral” rating and a $313.00 target price on the stock. BNP Paribas lowered shares of Rockwell Automation from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 11th. HSBC upgraded shares of Rockwell Automation from a “hold” rating to a “buy” rating and set a $355.00 target price on the stock in a research report on Wednesday, December 11th. Finally, Oppenheimer increased their target price on shares of Rockwell Automation from $300.00 to $320.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 11th. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $308.05.

Insider Buying and Selling at Rockwell Automation

In other news, CEO Blake D. Moret sold 26,700 shares of the firm’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $298.63, for a total transaction of $7,973,421.00. Following the completion of the transaction, the chief executive officer now owns 78,115 shares of the company’s stock, valued at approximately $23,327,482.45. This trade represents a 25.47 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Scott Genereux sold 279 shares of the firm’s stock in a transaction on 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 directly owns 2,891 shares of the company’s stock, valued at $856,111.83. The trade was a 8.80 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 36,240 shares of company stock worth $10,800,555 over the last quarter. Corporate insiders own 0.68% of the company’s stock.

Rockwell Automation Stock Performance

Shares of Rockwell Automation stock opened at $302.89 on Friday. Rockwell Automation, Inc. has a fifty-two week low of $242.81 and a fifty-two week high of $308.70. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.08 and a quick ratio of 0.72. The firm has a market capitalization of $34.25 billion, a P/E ratio of 37.72, a P/E/G ratio of 3.49 and a beta of 1.35. The company’s 50 day moving average price is $286.35 and its two-hundred day moving average price is $276.66.

Rockwell Automation (NYSE:ROK) last issued its earnings results on Monday, February 10th. The industrial products company reported $1.83 earnings per share for the quarter, beating analysts’ consensus estimates of $1.61 by $0.22. Rockwell Automation had a net margin of 11.38% and a return on equity of 30.17%. On average, equities analysts forecast that Rockwell Automation, Inc. will post 9.35 earnings per share for the current fiscal year.

Rockwell Automation Dividend Announcement

The business 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 $1.31 dividend. The ex-dividend date is Tuesday, February 18th. This represents a $5.24 dividend on an annualized basis and a yield of 1.73%. Rockwell Automation’s dividend payout ratio is currently 65.26%.

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.