Garland Capital Management Inc. Sells 900 Shares of Rockwell Automation, Inc. (NYSE:ROK)

Garland Capital Management Inc. lowered its position in Rockwell Automation, Inc. (NYSE:ROKFree Report) by 5.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 14,587 shares of the industrial products company’s stock after selling 900 shares during the quarter. Rockwell Automation makes up about 3.2% of Garland Capital Management Inc.’s portfolio, making the stock its 18th biggest position. Garland Capital Management Inc.’s holdings in Rockwell Automation were worth $4,529,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. KLCM Advisors Inc. lifted its stake in shares of Rockwell Automation by 16.6% during the 3rd quarter. KLCM Advisors Inc. now owns 1,136 shares of the industrial products company’s stock worth $325,000 after purchasing an additional 162 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. lifted its position in shares of Rockwell Automation by 9.4% during the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 2,728 shares of the industrial products company’s stock valued at $780,000 after buying an additional 234 shares during the last quarter. Mercer Global Advisors Inc. ADV boosted its stake in Rockwell Automation by 0.9% in the third quarter. Mercer Global Advisors Inc. ADV now owns 11,423 shares of the industrial products company’s stock valued at $3,266,000 after acquiring an additional 97 shares in the last quarter. Sequoia Financial Advisors LLC grew its holdings in Rockwell Automation by 676.7% in the fourth quarter. Sequoia Financial Advisors LLC now owns 32,156 shares of the industrial products company’s stock worth $9,984,000 after purchasing an additional 28,016 shares during the last quarter. Finally, McGuire Investment Group LLC increased its position in shares of Rockwell Automation by 106.4% during the fourth quarter. McGuire Investment Group LLC now owns 16,455 shares of the industrial products company’s stock worth $5,109,000 after purchasing an additional 8,484 shares in the last quarter. 75.75% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Berenberg Bank restated a “hold” rating and set a $290.00 target price (down from $330.00) on shares of Rockwell Automation in a research report on Wednesday, March 6th. Mizuho cut their price objective on Rockwell Automation from $300.00 to $265.00 and set a “neutral” rating for the company in a research report on Thursday, February 1st. UBS Group upgraded Rockwell Automation from a “neutral” rating to a “buy” rating and increased their target price for the company from $305.00 to $360.00 in a research report on Wednesday, January 3rd. Barclays cut their price target on shares of Rockwell Automation from $269.00 to $265.00 and set an “underweight” rating for the company in a report on Tuesday, April 2nd. Finally, Wells Fargo & Company decreased their price objective on shares of Rockwell Automation from $357.00 to $320.00 and set an “overweight” rating on the stock in a report on Thursday, February 1st. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $307.43.

View Our Latest Stock Analysis on Rockwell Automation

Insider Activity at Rockwell Automation

In other Rockwell Automation news, VP Brian A. Shepherd sold 637 shares of the company’s stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $262.87, for a total transaction of $167,448.19. Following the completion of the sale, the vice president now directly owns 5,088 shares of the company’s stock, valued at approximately $1,337,482.56. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Rockwell Automation news, VP Brian A. Shepherd sold 637 shares of the stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $262.87, for a total value of $167,448.19. Following the completion of the transaction, the vice president now owns 5,088 shares in the company, valued at $1,337,482.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Scott Genereux sold 500 shares of the business’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $280.52, for a total transaction of $140,260.00. Following the sale, the vice president now directly owns 4,383 shares in the company, valued at approximately $1,229,519.16. The disclosure for this sale can be found here. Insiders sold a total of 17,877 shares of company stock valued at $5,058,772 in the last three months. 0.68% of the stock is currently owned by company insiders.

Rockwell Automation Stock Down 1.3 %

Rockwell Automation stock traded down $3.70 during mid-day trading on Friday, reaching $284.82. 1,118,807 shares of the company’s stock were exchanged, compared to its average volume of 1,030,762. Rockwell Automation, Inc. has a twelve month low of $252.11 and a twelve month high of $348.52. The company has a market cap of $32.64 billion, a P/E ratio of 26.98, a P/E/G ratio of 2.82 and a beta of 1.43. The company has a quick ratio of 0.80, a current ratio of 1.25 and a debt-to-equity ratio of 0.76. The company has a fifty day moving average of $281.89 and a 200-day moving average of $284.38.

Rockwell Automation (NYSE:ROKGet Free Report) last announced its quarterly earnings data on Wednesday, January 31st. The industrial products company reported $2.04 EPS for the quarter, missing analysts’ consensus estimates of $2.62 by ($0.58). The firm had revenue of $2.05 billion during the quarter, compared to analysts’ expectations of $2.08 billion. Rockwell Automation had a net margin of 13.35% and a return on equity of 37.22%. During the same period in the prior year, the company posted $2.46 earnings per share. Sell-side analysts expect that Rockwell Automation, Inc. will post 12.06 EPS for the current year.

Rockwell Automation Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Monday, May 13th will be paid a dividend of $1.25 per share. The ex-dividend date of this dividend is Friday, May 10th. This represents a $5.00 annualized dividend and a yield of 1.76%. Rockwell Automation’s dividend payout ratio is currently 47.57%.

About Rockwell Automation

(Free Report)

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.

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Institutional Ownership by Quarter for Rockwell Automation (NYSE:ROK)

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