SeaCrest Wealth Management LLC Sells 485 Shares of Rockwell Automation, Inc. (NYSE:ROK)

SeaCrest Wealth Management LLC decreased its holdings in Rockwell Automation, Inc. (NYSE:ROK) by 30.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,100 shares of the industrial products company’s stock after selling 485 shares during the quarter. SeaCrest Wealth Management LLC’s holdings in Rockwell Automation were worth $321,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Bruce G. Allen Investments LLC bought a new stake in shares of Rockwell Automation in the fourth quarter worth $27,000. Riverview Trust Co acquired a new position in Rockwell Automation in the first quarter valued at $28,000. Security National Bank acquired a new position in Rockwell Automation in the fourth quarter valued at $40,000. Cooksen Wealth LLC acquired a new position in Rockwell Automation in the fourth quarter valued at $40,000. Finally, Webster Bank N. A. acquired a new position in Rockwell Automation in the first quarter valued at $44,000. Institutional investors own 75.75% of the company’s stock.

Insider Buying and Selling at Rockwell Automation

In other Rockwell Automation news, SVP Cyril Perducat sold 659 shares of the firm’s stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $260.11, for a total transaction of $171,412.49. Following the transaction, the senior vice president now directly owns 4,630 shares in the company, valued at approximately $1,204,309.30. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Rockwell Automation news, SVP Cyril Perducat sold 659 shares of the firm’s stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $260.11, for a total transaction of $171,412.49. Following the transaction, the senior vice president now directly owns 4,630 shares in the company, valued at approximately $1,204,309.30. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Tessa M. Myers sold 248 shares of the firm’s stock in a transaction on Friday, June 7th. The shares were sold at an average price of $256.37, for a total value of $63,579.76. Following the sale, the senior vice president now directly owns 4,246 shares of the company’s stock, valued at $1,088,547.02. The disclosure for this sale can be found here. In the last three months, insiders have sold 2,199 shares of company stock worth $572,750. Corporate insiders own 0.68% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on ROK shares. Robert W. Baird dropped their target price on shares of Rockwell Automation from $310.00 to $304.00 and set an “outperform” rating on the stock in a report on Wednesday, May 8th. Mizuho dropped their target price on shares of Rockwell Automation from $265.00 to $260.00 and set a “neutral” rating on the stock in a report on Wednesday, May 8th. JPMorgan Chase & Co. restated an “underweight” rating and issued a $254.00 target price on shares of Rockwell Automation in a report on Thursday, March 21st. Barclays dropped their target price on shares of Rockwell Automation from $260.00 to $250.00 and set an “underweight” rating on the stock in a report on Tuesday, June 4th. Finally, Loop Capital dropped their price objective on shares of Rockwell Automation from $300.00 to $290.00 and set a “hold” rating on the stock in a report on Tuesday, May 14th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $305.08.

Rockwell Automation Price Performance

Shares of ROK opened at $266.34 on Thursday. Rockwell Automation, Inc. has a 12-month low of $249.00 and a 12-month high of $348.52. The business’s fifty day moving average is $265.87 and its 200 day moving average is $280.95. The company has a quick ratio of 0.74, a current ratio of 1.11 and a debt-to-equity ratio of 0.69. The stock has a market cap of $30.36 billion, a P/E ratio of 26.04, a P/E/G ratio of 4.38 and a beta of 1.37.

Rockwell Automation (NYSE:ROK) last issued its earnings results on Wednesday, May 8th. The industrial products company reported $2.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.15 by $0.35. Rockwell Automation had a return on equity of 34.83% and a net margin of 13.19%. The company had revenue of $2.13 billion for the quarter, compared to analysts’ expectations of $2.05 billion. During the same period last year, the business earned $3.01 EPS. Rockwell Automation’s quarterly revenue was down 6.6% compared to the same quarter last year. Sell-side analysts anticipate that Rockwell Automation, Inc. will post 10.15 earnings per share for the current fiscal year.

Rockwell Automation Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th. Shareholders of record on Monday, August 12th will be paid a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a yield of 1.88%. The ex-dividend date of this dividend is Monday, August 12th. Rockwell Automation’s dividend payout ratio (DPR) is presently 48.88%.

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.