Cobblestone Capital Advisors LLC NY Decreases Stake in Rockwell Automation, Inc. (NYSE:ROK)

Cobblestone Capital Advisors LLC NY lessened its holdings in Rockwell Automation, Inc. (NYSE:ROK) by 37.5% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 835 shares of the industrial products company’s stock after selling 500 shares during the period. Cobblestone Capital Advisors LLC NY’s holdings in Rockwell Automation were worth $224,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. Tidal Investments LLC increased its holdings in Rockwell Automation by 7.1% during the first quarter. Tidal Investments LLC now owns 4,680 shares of the industrial products company’s stock worth $1,363,000 after buying an additional 311 shares during the last quarter. Cetera Investment Advisers raised its holdings in shares of Rockwell Automation by 336.5% in the 1st quarter. Cetera Investment Advisers now owns 27,307 shares of the industrial products company’s stock worth $7,956,000 after purchasing an additional 21,051 shares during the period. Cetera Advisors LLC lifted its stake in Rockwell Automation by 30.3% in the first quarter. Cetera Advisors LLC now owns 7,122 shares of the industrial products company’s stock valued at $2,075,000 after purchasing an additional 1,658 shares during the last quarter. GAMMA Investing LLC grew its holdings in Rockwell Automation by 142.0% during the second quarter. GAMMA Investing LLC now owns 1,522 shares of the industrial products company’s stock valued at $419,000 after purchasing an additional 893 shares during the period. Finally, Mather Group LLC. increased its position in Rockwell Automation by 5.9% in the second quarter. Mather Group LLC. now owns 680 shares of the industrial products company’s stock worth $198,000 after buying an additional 38 shares during the last quarter. 75.75% of the stock is owned by institutional investors.

Rockwell Automation Trading Up 0.1 %

Shares of ROK stock opened at $295.14 on Monday. The company has a market capitalization of $33.32 billion, a PE ratio of 35.64, a price-to-earnings-growth ratio of 3.07 and a beta of 1.36. Rockwell Automation, Inc. has a 52-week low of $242.81 and a 52-week high of $312.76. The business’s fifty day moving average is $274.63 and its 200 day moving average is $267.98. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.72 and a current ratio of 1.08.

Rockwell Automation (NYSE:ROK) last released its quarterly earnings results on Thursday, November 7th. The industrial products company reported $2.47 earnings per share for the quarter, beating the consensus estimate of $2.40 by $0.07. The firm had revenue of $2.04 billion for the quarter, compared to analysts’ expectations of $2.06 billion. Rockwell Automation had a return on equity of 30.42% and a net margin of 11.53%. The company’s revenue was down 20.6% compared to the same quarter last year. During the same quarter last year, the firm posted $3.64 EPS. On average, equities research analysts anticipate that Rockwell Automation, Inc. will post 9.44 EPS for the current fiscal year.

Rockwell Automation Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Monday, November 18th will be given a dividend of $1.31 per share. The ex-dividend date is Monday, November 18th. This represents a $5.24 annualized dividend and a dividend yield of 1.78%. This is a boost from Rockwell Automation’s previous quarterly dividend of $1.25. Rockwell Automation’s dividend payout ratio (DPR) is 63.29%.

Rockwell Automation declared that its Board of Directors has approved a share repurchase program on Thursday, September 5th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the industrial products company to reacquire up to 3.4% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s leadership believes its shares are undervalued.

Analyst Upgrades and Downgrades

ROK has been the topic of a number of recent research reports. TD Cowen dropped their price target on Rockwell Automation from $220.00 to $215.00 and set a “sell” rating on the stock in a research report on Thursday, August 8th. UBS Group started coverage on Rockwell Automation in a research note on Wednesday, November 13th. They issued a “neutral” rating and a $313.00 price objective on the stock. BNP Paribas began coverage on shares of Rockwell Automation in a research report on Wednesday, November 13th. They set an “outperform” rating and a $345.00 target price for the company. Mizuho boosted their price target on shares of Rockwell Automation from $245.00 to $270.00 and gave the company a “neutral” rating in a research report on Thursday, October 17th. Finally, Wells Fargo & Company upped their price target on shares of Rockwell Automation from $293.00 to $305.00 and gave the company an “overweight” rating in a research note on Monday, October 7th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, Rockwell Automation presently has a consensus rating of “Hold” and a consensus price target of $287.13.

Insider Transactions at Rockwell Automation

In related news, CEO Blake D. Moret sold 26,700 shares of the firm’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $298.63, for a total transaction of $7,973,421.00. Following the transaction, the chief executive officer now directly owns 78,115 shares of the company’s stock, valued at approximately $23,327,482.45. This trade represents a 25.47 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Veena M. Lakkundi sold 579 shares of the business’s stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $266.86, for a total value of $154,511.94. Following the completion of the sale, the senior vice president now owns 4,576 shares of the company’s stock, valued at $1,221,151.36. The trade was a 11.23 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 30,746 shares of company stock valued at $9,152,594. Insiders own 0.68% of the company’s stock.

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.