Linscomb Wealth Inc. Sells 198 Shares of Rockwell Automation, Inc. (NYSE:ROK)

Linscomb Wealth Inc. reduced its stake in Rockwell Automation, Inc. (NYSE:ROK) by 18.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 868 shares of the industrial products company’s stock after selling 198 shares during the period. Linscomb Wealth Inc.’s holdings in Rockwell Automation were worth $253,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of ROK. SG Americas Securities LLC boosted its holdings in shares of Rockwell Automation by 1.9% in the 4th quarter. SG Americas Securities LLC now owns 5,135 shares of the industrial products company’s stock worth $1,594,000 after acquiring an additional 94 shares in the last quarter. Mutual Advisors LLC lifted its holdings in Rockwell Automation by 2.4% during the 4th quarter. Mutual Advisors LLC now owns 2,021 shares of the industrial products company’s stock worth $627,000 after buying an additional 48 shares in the last quarter. CVA Family Office LLC acquired a new position in Rockwell Automation during the 4th quarter worth $95,000. Raymond James Financial Services Advisors Inc. lifted its holdings in Rockwell Automation by 7.8% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 39,237 shares of the industrial products company’s stock worth $12,182,000 after buying an additional 2,854 shares in the last quarter. Finally, Pacer Advisors Inc. lifted its holdings in Rockwell Automation by 28.1% during the 4th quarter. Pacer Advisors Inc. now owns 9,829 shares of the industrial products company’s stock worth $3,052,000 after buying an additional 2,157 shares in the last quarter. 75.75% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Rockwell Automation news, VP John M. Miller sold 467 shares of the stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $273.27, for a total transaction of $127,617.09. Following the completion of the transaction, the vice president now owns 4,800 shares in the company, valued at approximately $1,311,696. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, SVP Tessa M. Myers sold 528 shares of the stock in a transaction dated Tuesday, June 11th. The shares were sold at an average price of $253.78, for a total transaction of $133,995.84. Following the completion of the transaction, the senior vice president now directly owns 3,718 shares in the company, valued at approximately $943,554.04. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, VP John M. Miller sold 467 shares of the stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $273.27, for a total transaction of $127,617.09. Following the transaction, the vice president now owns 4,800 shares of the company’s stock, valued at $1,311,696. The disclosure for this sale can be found here. In the last 90 days, insiders sold 2,199 shares of company stock worth $572,750. Corporate insiders own 0.68% of the company’s stock.

Rockwell Automation Trading Up 2.2 %

Shares of ROK traded up $6.04 during trading hours on Friday, reaching $277.04. The stock had a trading volume of 689,228 shares, compared to its average volume of 873,731. The company has a quick ratio of 0.74, a current ratio of 1.11 and a debt-to-equity ratio of 0.69. Rockwell Automation, Inc. has a 52 week low of $249.00 and a 52 week high of $339.65. The firm has a 50-day moving average of $265.75 and a 200 day moving average of $276.82. The company has a market cap of $31.58 billion, a P/E ratio of 27.08, a P/E/G ratio of 4.82 and a beta of 1.37.

Rockwell Automation (NYSE:ROK) last released its quarterly earnings data on Wednesday, May 8th. The industrial products company reported $2.50 EPS for the quarter, beating analysts’ consensus estimates of $2.15 by $0.35. Rockwell Automation had a net margin of 13.19% and a return on equity of 34.83%. The business had revenue of $2.13 billion during the quarter, compared to analysts’ expectations of $2.05 billion. During the same quarter in the prior year, the company earned $3.01 EPS. The firm’s quarterly revenue was down 6.6% on a year-over-year basis. On average, sell-side analysts expect that Rockwell Automation, Inc. will post 10.07 earnings per share for the current fiscal year.

Rockwell Automation Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 10th. Shareholders of record on Monday, August 12th will be issued a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a yield of 1.80%. The ex-dividend date is Monday, August 12th. Rockwell Automation’s dividend payout ratio (DPR) is presently 48.88%.

Analyst Upgrades and Downgrades

ROK has been the topic of several research reports. Barclays reduced their price objective on Rockwell Automation from $250.00 to $245.00 and set an “underweight” rating on the stock in a report on Wednesday, July 10th. Wells Fargo & Company reduced their price objective on Rockwell Automation from $312.00 to $305.00 and set an “overweight” rating on the stock in a report on Wednesday, July 10th. Robert W. Baird reduced their price objective on Rockwell Automation from $310.00 to $304.00 and set an “outperform” rating on the stock in a report on Wednesday, May 8th. Mizuho reduced their price objective on Rockwell Automation from $265.00 to $260.00 and set a “neutral” rating on the stock in a report on Wednesday, May 8th. Finally, Loop Capital cut their price target on Rockwell Automation from $300.00 to $290.00 and set a “hold” rating on the stock in a research note on Tuesday, May 14th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $300.71.

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.