Dimensional Fund Advisors LP Sells 1,377 Shares of Rockwell Automation, Inc. (NYSE:ROK)

Dimensional Fund Advisors LP reduced its holdings in shares of Rockwell Automation, Inc. (NYSE:ROKGet Rating) by 0.2% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 684,709 shares of the industrial products company’s stock after selling 1,377 shares during the quarter. Dimensional Fund Advisors LP owned 0.59% of Rockwell Automation worth $191,741,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Covestor Ltd bought a new position in shares of Rockwell Automation during the fourth quarter valued at $35,000. Capital Advisory Group Advisory Services LLC bought a new position in Rockwell Automation in the first quarter valued at about $28,000. Roble Belko & Company Inc lifted its holdings in Rockwell Automation by 3,233.3% in the first quarter. Roble Belko & Company Inc now owns 100 shares of the industrial products company’s stock valued at $28,000 after acquiring an additional 97 shares during the period. Dixon Hughes Goodman Wealth Advisors LLC lifted its holdings in Rockwell Automation by 419.0% in the first quarter. Dixon Hughes Goodman Wealth Advisors LLC now owns 109 shares of the industrial products company’s stock valued at $31,000 after acquiring an additional 88 shares during the period. Finally, Riverview Trust Co bought a new position in Rockwell Automation in the first quarter valued at about $32,000. 79.11% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, VP John M. Miller sold 1,200 shares of the firm’s stock in a transaction dated Friday, July 29th. The shares were sold at an average price of $253.10, for a total value of $303,720.00. Following the completion of the sale, the vice president now owns 4,508 shares in the company, valued at approximately $1,140,974.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.68% of the stock is owned by corporate insiders.

Rockwell Automation Stock Performance

NYSE ROK opened at $244.93 on Friday. The stock has a market capitalization of $28.27 billion, a PE ratio of 42.75, a P/E/G ratio of 2.62 and a beta of 1.47. The business has a 50 day simple moving average of $232.71 and a two-hundred day simple moving average of $237.01. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.06 and a quick ratio of 0.76. Rockwell Automation, Inc. has a 1-year low of $190.08 and a 1-year high of $354.99.

Rockwell Automation (NYSE:ROKGet Rating) last released its quarterly earnings results on Wednesday, July 27th. The industrial products company reported $2.66 earnings per share for the quarter, beating the consensus estimate of $2.33 by $0.33. The business had revenue of $1.97 billion during the quarter, compared to analysts’ expectations of $1.98 billion. Rockwell Automation had a return on equity of 37.06% and a net margin of 9.03%. The firm’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same quarter last year, the business posted $2.31 EPS. On average, research analysts predict that Rockwell Automation, Inc. will post 9.39 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have weighed in on ROK shares. Morgan Stanley lowered their target price on Rockwell Automation from $277.00 to $260.00 and set an “overweight” rating on the stock in a report on Monday, June 27th. Mizuho lowered their target price on Rockwell Automation from $215.00 to $200.00 and set a “neutral” rating on the stock in a report on Monday, July 18th. StockNews.com raised Rockwell Automation from a “sell” rating to a “hold” rating in a report on Saturday, July 23rd. Argus upped their price target on Rockwell Automation from $250.00 to $290.00 and gave the stock a “buy” rating in a research report on Wednesday, August 17th. Finally, Sanford C. Bernstein cut Rockwell Automation from an “outperform” rating to a “market perform” rating and set a $290.00 price target for the company. in a research report on Tuesday, August 16th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $240.29.

Rockwell Automation Company Profile

(Get Rating)

Rockwell Automation, Inc provides industrial automation and digital transformation solutions in the United States and internationally. The company operates in three segments, Intelligent Devices, Software & Control, and Lifecycle Services. Its solutions include hardware and software products, and services.

Featured Articles

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

Receive News & Ratings for Rockwell Automation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rockwell Automation and related companies with MarketBeat.com's FREE daily email newsletter.