Everence Capital Management Inc. Sells 1,990 Shares of Rockwell Automation, Inc. (NYSE:ROK)

Everence Capital Management Inc. reduced its position in shares of Rockwell Automation, Inc. (NYSE:ROK) by 15.7% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 10,708 shares of the industrial products company’s stock after selling 1,990 shares during the quarter. Everence Capital Management Inc.’s holdings in Rockwell Automation were worth $3,325,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in ROK. Imprint Wealth LLC grew its stake in shares of Rockwell Automation by 32,845.0% during the 2nd quarter. Imprint Wealth LLC now owns 1,254,546 shares of the industrial products company’s stock valued at $125,455,000 after purchasing an additional 1,250,738 shares during the period. Moneta Group Investment Advisors LLC grew its stake in shares of Rockwell Automation by 87,404.1% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 1,236,433 shares of the industrial products company’s stock valued at $318,468,000 after purchasing an additional 1,235,020 shares during the period. Norges Bank bought a new stake in shares of Rockwell Automation during the 4th quarter valued at about $215,125,000. Morgan Stanley grew its stake in shares of Rockwell Automation by 20.0% during the 4th quarter. Morgan Stanley now owns 2,741,019 shares of the industrial products company’s stock valued at $706,004,000 after purchasing an additional 457,383 shares during the period. Finally, JPMorgan Chase & Co. grew its stake in shares of Rockwell Automation by 13.8% during the 1st quarter. JPMorgan Chase & Co. now owns 2,638,992 shares of the industrial products company’s stock valued at $774,411,000 after purchasing an additional 320,524 shares during the period. 75.75% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

ROK has been the topic of a number of analyst reports. Mizuho lowered their price objective on Rockwell Automation from $300.00 to $265.00 and set a “neutral” rating on the stock in a research report on Thursday, February 1st. Citigroup lowered their price objective on Rockwell Automation from $330.00 to $322.00 and set a “buy” rating on the stock in a research report on Monday, April 8th. Wells Fargo & Company lowered their price objective on Rockwell Automation from $357.00 to $320.00 and set an “overweight” rating on the stock in a research report on Thursday, February 1st. Barclays lowered their price objective on Rockwell Automation from $269.00 to $265.00 and set an “underweight” rating on the stock in a research report on Tuesday, April 2nd. Finally, JPMorgan Chase & Co. reissued an “underweight” rating and issued a $254.00 price target on shares of Rockwell Automation in a report on Thursday, March 21st. Two analysts have rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, Rockwell Automation presently has an average rating of “Hold” and a consensus price target of $310.08.

Rockwell Automation Price Performance

NYSE:ROK traded down $4.51 during trading hours on Tuesday, reaching $281.39. The stock had a trading volume of 1,091,808 shares, compared to its average volume of 1,032,500. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.80 and a current ratio of 1.25. Rockwell Automation, Inc. has a 52 week low of $252.11 and a 52 week high of $348.52. The company has a 50 day moving average price of $282.62 and a two-hundred day moving average price of $284.41. The stock has a market capitalization of $32.24 billion, a PE ratio of 26.71, a PEG ratio of 2.86 and a beta of 1.43.

Rockwell Automation (NYSE:ROK) last released its earnings results on Wednesday, January 31st. The industrial products company reported $2.04 earnings per share for the quarter, missing the consensus estimate of $2.62 by ($0.58). The company had revenue of $2.05 billion for the quarter, compared to the consensus estimate of $2.08 billion. Rockwell Automation had a net margin of 13.35% and a return on equity of 37.22%. During the same period in the prior year, the firm posted $2.46 EPS. As a group, sell-side analysts anticipate that Rockwell Automation, Inc. will post 12.03 earnings per share for the current fiscal year.

Rockwell Automation Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Monday, May 13th will be given a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a dividend yield of 1.78%. The ex-dividend date is Friday, May 10th. Rockwell Automation’s dividend payout ratio is currently 47.57%.

Insider Activity

In other news, VP Scott Genereux sold 500 shares of the business’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $290.00, for a total transaction of $145,000.00. Following the transaction, the vice president now owns 2,383 shares of the company’s stock, valued at approximately $691,070. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Rockwell Automation news, VP Scott Genereux sold 500 shares of the company’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $290.00, for a total value of $145,000.00. Following the transaction, the vice president now owns 2,383 shares of the company’s stock, valued at approximately $691,070. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Isaac Woods sold 150 shares of the company’s stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $287.59, for a total value of $43,138.50. Following the completion of the transaction, the vice president now directly owns 1,199 shares in the company, valued at approximately $344,820.41. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 17,877 shares of company stock valued at $5,058,772. 0.68% of the stock is currently owned by insiders.

About Rockwell Automation

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.