Astoria Portfolio Advisors LLC. Sells 109 Shares of Rockwell Automation, Inc. (NYSE:ROK)

Astoria Portfolio Advisors LLC. trimmed its holdings in shares of Rockwell Automation, Inc. (NYSE:ROK) by 6.5% during the fourth quarter, Holdings Channel.com reports. The fund owned 1,562 shares of the industrial products company’s stock after selling 109 shares during the quarter. Astoria Portfolio Advisors LLC.’s holdings in Rockwell Automation were worth $433,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the business. Prospera Financial Services Inc increased its holdings in shares of Rockwell Automation by 0.9% during the third quarter. Prospera Financial Services Inc now owns 4,033 shares of the industrial products company’s stock worth $1,083,000 after purchasing an additional 37 shares during the period. Great Valley Advisor Group Inc. grew its position in Rockwell Automation by 2.2% during the third quarter. Great Valley Advisor Group Inc. now owns 1,928 shares of the industrial products company’s stock worth $518,000 after buying an additional 42 shares in the last quarter. Second Line Capital LLC grew its position in Rockwell Automation by 5.1% during the second quarter. Second Line Capital LLC now owns 963 shares of the industrial products company’s stock worth $265,000 after buying an additional 47 shares in the last quarter. Richardson Financial Services Inc. increased its stake in Rockwell Automation by 100.0% during the 3rd quarter. Richardson Financial Services Inc. now owns 96 shares of the industrial products company’s stock worth $26,000 after acquiring an additional 48 shares during the period. Finally, Moran Wealth Management LLC raised its holdings in Rockwell Automation by 2.1% in the 3rd quarter. Moran Wealth Management LLC now owns 2,342 shares of the industrial products company’s stock valued at $629,000 after acquiring an additional 48 shares in the last quarter. 75.75% of the stock is owned by institutional investors.

Insider Buying and Selling at Rockwell Automation

In other Rockwell Automation news, VP Isaac Woods sold 895 shares of the company’s stock in a transaction on Friday, January 10th. The shares were sold at an average price of $274.72, for a total transaction of $245,874.40. Following the sale, the vice president now owns 1,198 shares of the company’s stock, valued at approximately $329,114.56. This represents a 42.76 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Veena M. Lakkundi sold 579 shares of Rockwell Automation stock in a transaction dated 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 transaction, the senior vice president now directly owns 4,576 shares of the company’s stock, valued at approximately $1,221,151.36. This trade represents a 11.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 36,436 shares of company stock worth $10,832,549. Insiders own 0.68% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. Mizuho increased their target price on Rockwell Automation from $245.00 to $270.00 and gave the stock a “neutral” rating in a report on Thursday, October 17th. KeyCorp upgraded shares of Rockwell Automation from a “sector weight” rating to an “overweight” rating and set a $345.00 price objective on the stock in a research note on Monday, December 9th. Stephens upgraded shares of Rockwell Automation from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $275.00 to $350.00 in a research report on Thursday. BNP Paribas initiated coverage on shares of Rockwell Automation in a research report on Wednesday, November 13th. They set an “outperform” rating and a $345.00 price target on the stock. Finally, Barclays decreased their price objective on shares of Rockwell Automation from $290.00 to $285.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 8th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, Rockwell Automation has an average rating of “Hold” and an average target price of $304.16.

Rockwell Automation Stock Performance

Shares of ROK stock opened at $287.06 on Friday. The business’s 50-day moving average price is $287.88 and its 200-day moving average price is $274.25. Rockwell Automation, Inc. has a 12 month low of $242.81 and a 12 month high of $307.71. The company has a current ratio of 1.08, a quick ratio of 0.72 and a debt-to-equity ratio of 0.70. The firm has a market capitalization of $32.45 billion, a price-to-earnings ratio of 34.67, a PEG ratio of 2.87 and a beta of 1.36.

Rockwell Automation (NYSE:ROK) last posted its earnings results on Thursday, November 7th. The industrial products company reported $2.47 EPS for the quarter, topping the consensus estimate of $2.40 by $0.07. Rockwell Automation had a net margin of 11.53% and a return on equity of 30.42%. The business had revenue of $2.04 billion for the quarter, compared to the consensus estimate of $2.06 billion. During the same period last year, the company earned $3.64 EPS. The firm’s revenue was down 20.6% compared to the same quarter last year. Equities research analysts forecast that Rockwell Automation, Inc. will post 9.37 EPS for the current year.

Rockwell Automation Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Monday, November 18th were issued a dividend of $1.31 per share. The ex-dividend date was Monday, November 18th. This is an increase from Rockwell Automation’s previous quarterly dividend of $1.25. This represents a $5.24 annualized dividend and a yield of 1.83%. Rockwell Automation’s payout ratio is presently 63.29%.

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.