Delta Investment Management LLC Sells 55 Shares of Rockwell Automation, Inc. (NYSE:ROK)

Delta Investment Management LLC trimmed its stake in Rockwell Automation, Inc. (NYSE:ROK) by 7.6% in the 4th quarter, HoldingsChannel reports. The fund owned 667 shares of the industrial products company’s stock after selling 55 shares during the quarter. Delta Investment Management LLC’s holdings in Rockwell Automation were worth $207,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in ROK. KLCM Advisors Inc. increased its position in Rockwell Automation by 16.6% during the 3rd quarter. KLCM Advisors Inc. now owns 1,136 shares of the industrial products company’s stock valued at $325,000 after buying an additional 162 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. increased its position in Rockwell Automation by 9.4% during the 3rd 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 in the last quarter. Sequoia Financial Advisors LLC increased its position in Rockwell Automation by 676.7% during the 4th quarter. Sequoia Financial Advisors LLC now owns 32,156 shares of the industrial products company’s stock valued at $9,984,000 after buying an additional 28,016 shares in the last quarter. Mercer Global Advisors Inc. ADV increased its position in Rockwell Automation by 0.9% during the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 11,423 shares of the industrial products company’s stock valued at $3,266,000 after buying an additional 97 shares in the last quarter. Finally, Carnegie Capital Asset Management LLC increased its position in Rockwell Automation by 5.0% during the 4th quarter. Carnegie Capital Asset Management LLC now owns 85,551 shares of the industrial products company’s stock valued at $26,562,000 after buying an additional 4,093 shares in the last quarter. 75.75% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts recently issued reports on ROK shares. JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $254.00 target price on shares of Rockwell Automation in a research report on Thursday, March 21st. UBS Group upgraded Rockwell Automation from a “neutral” rating to a “buy” rating and boosted their price target for the company from $305.00 to $360.00 in a research note on Wednesday, January 3rd. Berenberg Bank reiterated a “hold” rating and set a $290.00 price target (down previously from $330.00) on shares of Rockwell Automation in a research note on Wednesday, March 6th. Mizuho dropped their price target on Rockwell Automation from $300.00 to $265.00 and set a “neutral” rating on the stock in a research note on Thursday, February 1st. Finally, Oppenheimer dropped their price target on Rockwell Automation from $324.00 to $300.00 and set an “outperform” rating on the stock in a research note on Thursday, February 1st. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $310.08.

Insider Buying and Selling

In related news, CFO Nicholas C. Gangestad sold 1,989 shares of the company’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $288.17, for a total value of $573,170.13. Following the completion of the transaction, the chief financial officer now owns 12,217 shares of the company’s stock, valued at approximately $3,520,572.89. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Rockwell Automation news, VP Brian A. Shepherd sold 637 shares of the 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 transaction, the vice president now owns 5,088 shares of the company’s stock, valued at $1,337,482.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Nicholas C. Gangestad sold 1,989 shares of the stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $288.17, for a total value of $573,170.13. Following the transaction, the chief financial officer now directly owns 12,217 shares of the company’s stock, valued at approximately $3,520,572.89. The disclosure for this sale can be found here. In the last 90 days, insiders sold 17,877 shares of company stock valued at $5,058,772. 0.68% of the stock is owned by company insiders.

Rockwell Automation Stock Performance

Shares of ROK traded up $3.17 during mid-day trading on Friday, reaching $280.12. The company had a trading volume of 626,143 shares, compared to its average volume of 866,051. Rockwell Automation, Inc. has a 52-week low of $252.11 and a 52-week high of $348.52. 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 stock has a market capitalization of $32.10 billion, a P/E ratio of 26.66, a PEG ratio of 2.79 and a beta of 1.43. The stock has a 50 day moving average of $282.51 and a two-hundred day moving average of $283.77.

Rockwell Automation (NYSE:ROK) last released its quarterly earnings results on Wednesday, January 31st. The industrial products company reported $2.04 earnings per share for the quarter, missing analysts’ consensus estimates of $2.62 by ($0.58). The business had revenue of $2.05 billion during the quarter, compared to analyst estimates of $2.08 billion. Rockwell Automation had a return on equity of 37.22% and a net margin of 13.35%. During the same period in the previous year, the company posted $2.46 EPS. On average, analysts expect that Rockwell Automation, Inc. will post 11.98 earnings per share for the current year.

Rockwell Automation Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Monday, May 13th will be issued a $1.25 dividend. The ex-dividend date of this dividend is Friday, May 10th. This represents a $5.00 dividend on an annualized basis and a yield of 1.78%. Rockwell Automation’s payout ratio is 47.57%.

About Rockwell Automation

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.