Philadelphia Trust Co. Sells 3,046 Shares of Rockwell Automation, Inc. (NYSE:ROK)

Philadelphia Trust Co. lowered its holdings in Rockwell Automation, Inc. (NYSE:ROK - Free Report) by 4.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 63,222 shares of the industrial products company's stock after selling 3,046 shares during the period. Rockwell Automation comprises about 1.3% of Philadelphia Trust Co.'s portfolio, making the stock its 20th largest holding. Philadelphia Trust Co. owned 0.06% of Rockwell Automation worth $18,068,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in ROK. Quantinno Capital Management LP grew its stake in Rockwell Automation by 66.0% in the third quarter. Quantinno Capital Management LP now owns 2,137 shares of the industrial products company's stock valued at $574,000 after purchasing an additional 850 shares in the last quarter. Wellington Management Group LLP lifted its stake in Rockwell Automation by 7.3% in the third quarter. Wellington Management Group LLP now owns 789 shares of the industrial products company's stock valued at $212,000 after acquiring an additional 54 shares during the last quarter. Coldstream Capital Management Inc. grew its position in shares of Rockwell Automation by 2.9% in the 3rd quarter. Coldstream Capital Management Inc. now owns 3,142 shares of the industrial products company's stock valued at $846,000 after acquiring an additional 89 shares during the period. Toronto Dominion Bank raised its holdings in shares of Rockwell Automation by 16.3% in the 3rd quarter. Toronto Dominion Bank now owns 39,113 shares of the industrial products company's stock valued at $10,500,000 after purchasing an additional 5,480 shares during the period. Finally, Sunbelt Securities Inc. lifted its stake in Rockwell Automation by 34.5% in the 3rd quarter. Sunbelt Securities Inc. now owns 694 shares of the industrial products company's stock valued at $186,000 after purchasing an additional 178 shares during the last quarter. 75.75% of the stock is currently owned by institutional investors and hedge funds.

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Insider Activity

In other Rockwell Automation news, SVP Matheus De A. G. Viera Bulho sold 293 shares of Rockwell Automation stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $257.68, for a total value of $75,500.24. Following the completion of the sale, the senior vice president now directly owns 1,922 shares of the company's stock, valued at approximately $495,260.96. The trade was a 13.23 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Tessa M. Myers sold 1,231 shares of the business's stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $285.43, for a total value of $351,364.33. Following the completion of the sale, the senior vice president now directly owns 3,650 shares of the company's stock, valued at $1,041,819.50. The trade was a 25.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 3,750 shares of company stock valued at $1,075,923. 0.68% of the stock is currently owned by insiders.

Rockwell Automation Trading Down 0.2 %

NYSE ROK traded down $0.45 on Tuesday, hitting $232.97. The company's stock had a trading volume of 810,585 shares, compared to its average volume of 867,619. The firm has a market cap of $26.34 billion, a PE ratio of 29.01, a PEG ratio of 3.53 and a beta of 1.39. The company's 50-day moving average is $267.39 and its 200 day moving average is $276.41. The company has a quick ratio of 0.72, a current ratio of 1.08 and a debt-to-equity ratio of 0.72. Rockwell Automation, Inc. has a 1-year low of $215.00 and a 1-year high of $308.70.

Rockwell Automation (NYSE:ROK - Get Free Report) last announced its earnings results on Monday, February 10th. The industrial products company reported $1.83 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%. As a group, analysts predict that Rockwell Automation, Inc. will post 9.35 earnings per share for the current fiscal year.

Rockwell Automation Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Monday, May 19th will be given a $1.31 dividend. The ex-dividend date is Monday, May 19th. This represents a $5.24 dividend on an annualized basis and a dividend yield of 2.25%. Rockwell Automation's dividend payout ratio (DPR) is currently 65.26%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Stephens raised shares of Rockwell Automation from an "equal weight" rating to an "overweight" rating and increased their price objective for the company from $275.00 to $350.00 in a research report on Thursday, January 16th. BNP Paribas raised Rockwell Automation from a "hold" rating to a "strong-buy" rating in a report on Wednesday, April 9th. The Goldman Sachs Group upped their price objective on Rockwell Automation from $257.00 to $290.00 and gave the company a "sell" rating in a report on Tuesday, February 11th. KeyCorp dropped their price objective on shares of Rockwell Automation from $345.00 to $275.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. Finally, Barclays cut their price target on Rockwell Automation from $280.00 to $260.00 and set an "equal weight" rating for the company in a research note on Thursday, April 10th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Rockwell Automation currently has a consensus rating of "Hold" and a consensus target price of $297.11.

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.