Balentine LLC Sells 182 Shares of Rockwell Automation, Inc. (NYSE:ROK)

Posted by Defense World Staff on Apr 16th, 2023

Balentine LLC trimmed its holdings in shares of Rockwell Automation, Inc. (NYSE:ROK – Get Rating) by 11.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,397 shares of the industrial products company’s stock after selling 182 shares during the period. Balentine LLC’s holdings in Rockwell Automation were worth $360,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of ROK. Markel Corp lifted its holdings in shares of Rockwell Automation by 1.3% in the 1st quarter. Markel Corp now owns 152,900 shares of the industrial products company’s stock worth $42,816,000 after purchasing an additional 2,000 shares in the last quarter. Sei Investments Co. lifted its holdings in shares of Rockwell Automation by 10.3% in the 1st quarter. Sei Investments Co. now owns 57,480 shares of the industrial products company’s stock worth $16,221,000 after purchasing an additional 5,386 shares in the last quarter. Prudential PLC bought a new position in shares of Rockwell Automation in the 1st quarter worth $642,000. Sequoia Financial Advisors LLC lifted its holdings in shares of Rockwell Automation by 3.0% in the 1st quarter. Sequoia Financial Advisors LLC now owns 3,649 shares of the industrial products company’s stock worth $1,021,000 after purchasing an additional 107 shares in the last quarter. Finally, Vanguard Group Inc. lifted its holdings in shares of Rockwell Automation by 0.9% in the 1st quarter. Vanguard Group Inc. now owns 11,472,877 shares of the industrial products company’s stock worth $3,212,750,000 after purchasing an additional 106,641 shares in the last quarter. 77.66% of the stock is currently owned by institutional investors.

Rockwell Automation Trading Down 0.3 %

Shares of ROK opened at $277.30 on Friday. The business has a 50-day moving average of $287.11 and a 200 day moving average of $267.39. Rockwell Automation, Inc. has a fifty-two week low of $190.08 and a fifty-two week high of $309.36. The firm has a market cap of $31.83 billion, a P/E ratio of 30.04, a price-to-earnings-growth ratio of 2.56 and a beta of 1.43. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.69 and a current ratio of 1.03.

Rockwell Automation (NYSE:ROK – Get Rating) last announced its quarterly earnings data on Thursday, January 26th. The industrial products company reported $2.46 earnings per share for the quarter, topping the consensus estimate of $1.81 by $0.65. Rockwell Automation had a return on equity of 38.70% and a net margin of 13.63%. The company had revenue of $1.98 billion during the quarter, compared to analyst estimates of $1.93 billion. During the same quarter last year, the firm posted $2.14 EPS. The firm’s revenue for the quarter was up 6.7% on a year-over-year basis. As a group, research analysts forecast that Rockwell Automation, Inc. will post 11.21 EPS for the current year.

Rockwell Automation Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 12th. Investors of record on Monday, May 15th will be issued a $1.18 dividend. This represents a $4.72 annualized dividend and a yield of 1.70%. The ex-dividend date is Friday, May 12th. Rockwell Automation’s dividend payout ratio (DPR) is currently 51.14%.

Analyst Ratings Changes

A number of brokerages recently issued reports on ROK. Oppenheimer increased their target price on Rockwell Automation from $278.00 to $290.00 and gave the stock an “outperform” rating in a report on Tuesday, January 24th. Citigroup raised their price objective on Rockwell Automation from $297.00 to $320.00 and gave the company a “buy” rating in a research note on Friday, January 27th. Deutsche Bank Aktiengesellschaft raised their price objective on Rockwell Automation from $272.00 to $273.00 and gave the company a “hold” rating in a research note on Wednesday. Barclays raised their price objective on Rockwell Automation from $220.00 to $250.00 and gave the company an “equal weight” rating in a research note on Friday, January 27th. Finally, StockNews.com began coverage on Rockwell Automation in a research note on Thursday, March 16th. They set a “buy” rating on the stock. Four analysts have rated the stock with a sell rating, six have assigned a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, Rockwell Automation currently has a consensus rating of “Hold” and a consensus target price of $265.24.

Insider Buying and Selling at Rockwell Automation

In other Rockwell Automation news, VP Isaac Woods sold 100 shares of Rockwell Automation stock in a transaction dated Monday, February 27th. The stock was sold at an average price of $294.33, for a total transaction of $29,433.00. Following the completion of the transaction, the vice president now owns 452 shares of the company’s stock, valued at approximately $133,037.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other Rockwell Automation news, VP Isaac Woods sold 100 shares of Rockwell Automation stock in a transaction dated Monday, February 27th. The stock was sold at an average price of $294.33, for a total transaction of $29,433.00. Following the completion of the transaction, the vice president now owns 452 shares of the company’s stock, valued at approximately $133,037.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Scott Genereux sold 943 shares of Rockwell Automation stock in a transaction dated Thursday, February 2nd. The shares were sold at an average price of $286.05, for a total value of $269,745.15. Following the transaction, the vice president now directly owns 3,876 shares of the company’s stock, valued at approximately $1,108,729.80. The disclosure for this sale can be found here. Insiders sold 10,730 shares of company stock valued at $3,112,032 in the last quarter. 0.64% of the stock is currently owned by corporate insiders.

Rockwell Automation Company Profile

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Rockwell Automation, Inc engages in the provision of industrial automation and information services. It operates through the following segments: Intelligent Devices, Software and Control, and Lifecycle Services. The Intelligent Devices segment combines a portfolio of smart products that create the foundation of an agile, resilient, and sustainable production system.