Zions Bancorporation N.A. Reduces Stock Holdings in Rockwell Automation, Inc. (NYSE:ROK)

Zions Bancorporation N.A. reduced its position in Rockwell Automation, Inc. (NYSE:ROK) by 34.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 107 shares of the industrial products company’s stock after selling 57 shares during the quarter. Zions Bancorporation N.A.’s holdings in Rockwell Automation were worth $31,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in the company. West Oak Capital LLC grew its stake in shares of Rockwell Automation by 455.6% during the 4th quarter. West Oak Capital LLC now owns 100 shares of the industrial products company’s stock worth $29,000 after acquiring an additional 82 shares during the period. Bank of Jackson Hole Trust purchased a new stake in Rockwell Automation during the fourth quarter valued at about $34,000. SBI Securities Co. Ltd. purchased a new stake in Rockwell Automation during the fourth quarter valued at about $35,000. Flagship Wealth Advisors LLC purchased a new position in shares of Rockwell Automation in the fourth quarter worth about $38,000. Finally, Knuff & Co LLC increased its stake in shares of Rockwell Automation by 41.0% in the fourth quarter. Knuff & Co LLC now owns 141 shares of the industrial products company’s stock worth $40,000 after purchasing an additional 41 shares in the last quarter. 75.75% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently commented on ROK. Barclays cut their price objective on shares of Rockwell Automation from $285.00 to $280.00 and set an “equal weight” rating for the company in a report on Wednesday. Citigroup lifted their price target on Rockwell Automation from $345.00 to $350.00 and gave the company a “buy” rating in a research report on Tuesday, February 11th. HSBC raised Rockwell Automation from a “hold” rating to a “buy” rating and set a $355.00 price objective on the stock in a report on Wednesday, December 11th. Oppenheimer lifted their target price on Rockwell Automation from $300.00 to $320.00 and gave the company an “outperform” rating in a report on Tuesday, February 11th. Finally, The Goldman Sachs Group increased their price target on shares of Rockwell Automation from $257.00 to $290.00 and gave the stock a “sell” rating in a report on Tuesday, February 11th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $307.42.

Rockwell Automation Price Performance

ROK opened at $268.50 on Friday. The company has a current ratio of 1.08, a quick ratio of 0.72 and a debt-to-equity ratio of 0.72. The stock has a market capitalization of $30.36 billion, a P/E ratio of 33.44, a PEG ratio of 3.53 and a beta of 1.39. The stock has a 50-day moving average price of $279.51 and a 200-day moving average price of $278.65. Rockwell Automation, Inc. has a 12-month low of $242.81 and a 12-month high of $308.70.

Rockwell Automation (NYSE:ROK) last issued its earnings results on Monday, February 10th. The industrial products company reported $1.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.61 by $0.22. Rockwell Automation had a return on equity of 30.17% and a net margin of 11.38%. Equities analysts predict that Rockwell Automation, Inc. will post 9.35 earnings per share for the current fiscal year.

Rockwell Automation Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Tuesday, February 18th were given a $1.31 dividend. This represents a $5.24 dividend on an annualized basis and a yield of 1.95%. The ex-dividend date was Tuesday, February 18th. Rockwell Automation’s payout ratio is presently 65.26%.

Insiders Place Their Bets

In other news, SVP Tessa M. Myers sold 1,231 shares of Rockwell Automation stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $285.43, for a total value of $351,364.33. Following the transaction, the senior vice president now owns 3,650 shares in the company, valued at approximately $1,041,819.50. The trade was a 25.22 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Terry L. Riesterer sold 850 shares of the stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $300.21, for a total value of $255,178.50. Following the sale, the vice president now owns 1,633 shares of the company’s stock, valued at $490,242.93. This represents a 34.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 4,352 shares of company stock valued at $1,246,298 over the last three months. Insiders own 0.68% of the company’s stock.

Rockwell Automation Company 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.