Kestra Private Wealth Services LLC Sells 486 Shares of Rockwell Automation, Inc. (NYSE:ROK)

Posted by Defense World Staff on Apr 21st, 2023

Kestra Private Wealth Services LLC lessened its holdings in Rockwell Automation, Inc. (NYSE:ROK – Get Rating) by 32.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,035 shares of the industrial products company’s stock after selling 486 shares during the period. Kestra Private Wealth Services LLC’s holdings in Rockwell Automation were worth $267,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in ROK. Bailard Inc. increased its position in Rockwell Automation by 49.0% during the 3rd quarter. Bailard Inc. now owns 1,709 shares of the industrial products company’s stock worth $368,000 after buying an additional 562 shares during the period. Macquarie Group Ltd. increased its position in Rockwell Automation by 12.1% during the 3rd quarter. Macquarie Group Ltd. now owns 12,711 shares of the industrial products company’s stock worth $2,734,000 after buying an additional 1,367 shares during the period. Ameritas Advisory Services LLC increased its position in Rockwell Automation by 2.5% during the 3rd quarter. Ameritas Advisory Services LLC now owns 4,544 shares of the industrial products company’s stock worth $977,000 after buying an additional 111 shares during the period. California Public Employees Retirement System increased its position in Rockwell Automation by 15.5% during the 3rd quarter. California Public Employees Retirement System now owns 261,836 shares of the industrial products company’s stock worth $56,324,000 after buying an additional 35,222 shares during the period. Finally, Mitsubishi UFJ Trust & Banking Corp increased its position in Rockwell Automation by 1.8% during the 3rd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 70,778 shares of the industrial products company’s stock worth $15,225,000 after buying an additional 1,284 shares during the period. Institutional investors own 77.66% of the company’s stock.

Insider Buying and Selling at Rockwell Automation

In other news, VP Isaac Woods sold 100 shares of the firm’s 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 directly owns 452 shares in the company, valued at $133,037.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, VP Isaac Woods sold 100 shares of the firm’s 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 directly owns 452 shares in the company, valued at $133,037.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Scott Genereux sold 943 shares of the firm’s stock in a transaction dated Thursday, February 2nd. The stock was sold at an average price of $286.05, for a total value of $269,745.15. Following the transaction, the vice president now owns 3,876 shares of the company’s stock, valued at $1,108,729.80. The disclosure for this sale can be found here. Over the last three months, insiders sold 10,730 shares of company stock worth $3,112,032. 0.64% of the stock is currently owned by insiders.

Rockwell Automation Price Performance

Rockwell Automation stock opened at $273.83 on Friday. The company has a current ratio of 1.03, a quick ratio of 0.69 and a debt-to-equity ratio of 0.90. The company has a market capitalization of $31.43 billion, a PE ratio of 29.67, a P/E/G ratio of 2.55 and a beta of 1.43. Rockwell Automation, Inc. has a 12 month low of $190.08 and a 12 month high of $309.36. The stock has a 50-day moving average price of $286.16 and a two-hundred day moving average price of $268.69.

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

Rockwell Automation Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 12th. Shareholders of record on Monday, May 15th will be given a $1.18 dividend. The ex-dividend date is Friday, May 12th. This represents a $4.72 annualized dividend and a yield of 1.72%. Rockwell Automation’s dividend payout ratio is presently 51.14%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on ROK. The Goldman Sachs Group increased their price objective on Rockwell Automation from $238.00 to $272.00 and gave the stock a “sell” rating in a research report on Friday, January 27th. Morgan Stanley reissued an “overweight” rating and set a $335.00 target price on shares of Rockwell Automation in a report on Tuesday, February 14th. Robert W. Baird increased their target price on Rockwell Automation from $285.00 to $292.00 and gave the stock an “outperform” rating in a report on Friday, January 27th. Loop Capital increased their target price on Rockwell Automation from $258.00 to $285.00 in a report on Tuesday, January 31st. Finally, Cowen increased their target price on Rockwell Automation from $200.00 to $220.00 and gave the stock an “underperform” rating in a report on Monday, January 30th. Four equities research analysts have rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Rockwell Automation presently has a consensus rating of “Hold” and an average target price of $264.59.

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.