Pacer Advisors Inc. Sells 1,090 Shares of Rockwell Automation, Inc. (NYSE:ROK)

Pacer Advisors Inc. cut its holdings in Rockwell Automation, Inc. (NYSE:ROK) by 10.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 9,500 shares of the industrial products company’s stock after selling 1,090 shares during the quarter. Pacer Advisors Inc.’s holdings in Rockwell Automation were worth $2,715,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Richardson Financial Services Inc. boosted its position in shares of Rockwell Automation by 100.0% in the 3rd quarter. Richardson Financial Services Inc. now owns 96 shares of the industrial products company’s stock worth $26,000 after purchasing an additional 48 shares during the last quarter. Ashton Thomas Securities LLC bought a new position in Rockwell Automation during the third quarter worth about $26,000. West Oak Capital LLC grew its position 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 buying an additional 82 shares during the period. Darwin Wealth Management LLC bought a new stake in shares of Rockwell Automation in the 3rd quarter valued at about $34,000. Finally, DiNuzzo Private Wealth Inc. raised its position in shares of Rockwell Automation by 1,707.7% in the 3rd quarter. DiNuzzo Private Wealth Inc. now owns 235 shares of the industrial products company’s stock valued at $63,000 after acquiring an additional 222 shares during the period. Institutional investors and hedge funds own 75.75% of the company’s stock.

Insider Buying and Selling at Rockwell Automation

In other Rockwell Automation news, SVP Veena M. Lakkundi sold 579 shares of the stock in a transaction on Monday, November 4th. The stock was sold at an average price of $266.86, for a total transaction of $154,511.94. Following the transaction, the senior vice president now owns 4,576 shares in the company, valued at $1,221,151.36. This trade represents a 11.23 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP John M. Miller sold 467 shares of the business’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $284.07, for a total transaction of $132,660.69. Following the completion of the sale, the vice president now directly owns 4,800 shares of the company’s stock, valued at approximately $1,363,536. The trade was a 8.87 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 36,436 shares of company stock worth $10,832,549 over the last ninety days. Insiders own 0.68% of the company’s stock.

Rockwell Automation Stock Down 0.3 %

Shares of ROK stock opened at $278.19 on Friday. Rockwell Automation, Inc. has a 52-week low of $242.81 and a 52-week high of $304.29. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.72 and a current ratio of 1.08. The stock has a market cap of $31.44 billion, a price-to-earnings ratio of 33.60, a PEG ratio of 3.00 and a beta of 1.36. The firm’s 50-day moving average is $288.60 and its 200-day moving average is $275.36.

Rockwell Automation (NYSE:ROK) last released its quarterly earnings data on Thursday, November 7th. The industrial products company reported $2.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.40 by $0.07. The company had revenue of $2.04 billion during 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 business’s revenue was down 20.6% on a year-over-year basis. During the same period last year, the firm posted $3.64 earnings per share. Sell-side analysts predict that Rockwell Automation, Inc. will post 9.32 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on ROK shares. Oppenheimer upped their target price on shares of Rockwell Automation from $288.00 to $300.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. Citigroup upped their price objective on shares of Rockwell Automation from $313.00 to $345.00 and gave the company a “buy” rating in a research report on Monday, December 9th. Jefferies Financial Group upgraded Rockwell Automation from a “hold” rating to a “buy” rating and lifted their target price for the stock from $290.00 to $350.00 in a report on Thursday, December 12th. Bank of America increased their price target on Rockwell Automation from $270.00 to $285.00 and gave the stock a “neutral” rating in a report on Thursday, October 17th. Finally, JPMorgan Chase & Co. cut their price objective on Rockwell Automation from $245.00 to $240.00 and set an “underweight” rating on the stock in a report on Wednesday, January 15th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $304.16.

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.