Stratos Wealth Advisors LLC Has $4.67 Million Holdings in Rockwell Automation, Inc. (NYSE:ROK)

Stratos Wealth Advisors LLC decreased its stake in Rockwell Automation, Inc. (NYSE:ROK) by 1.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,329 shares of the industrial products company’s stock after selling 240 shares during the quarter. Stratos Wealth Advisors LLC’s holdings in Rockwell Automation were worth $4,667,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. State Street Corp boosted its holdings in shares of Rockwell Automation by 0.3% in the 3rd quarter. State Street Corp now owns 4,648,137 shares of the industrial products company’s stock worth $1,247,839,000 after acquiring an additional 11,949 shares in the last quarter. Geode Capital Management LLC raised its position in Rockwell Automation by 0.5% in the 3rd quarter. Geode Capital Management LLC now owns 2,683,202 shares of the industrial products company’s stock valued at $717,865,000 after purchasing an additional 14,040 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in Rockwell Automation by 33.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,556,292 shares of the industrial products company’s stock valued at $417,802,000 after purchasing an additional 390,784 shares during the last quarter. Accredited Investors Inc. boosted its stake in Rockwell Automation by 162,058.5% in the third quarter. Accredited Investors Inc. now owns 1,185,379 shares of the industrial products company’s stock worth $318,227,000 after purchasing an additional 1,184,648 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Rockwell Automation by 6.4% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,128,811 shares of the industrial products company’s stock worth $303,041,000 after purchasing an additional 67,684 shares during the last quarter. 75.75% of the stock is currently owned by institutional investors.

Rockwell Automation Trading Down 0.2 %

ROK opened at $270.49 on Wednesday. The firm’s fifty day moving average is $287.79 and its two-hundred day moving average is $275.08. The firm has a market cap of $30.57 billion, a PE ratio of 32.67, a price-to-earnings-growth ratio of 3.00 and a beta of 1.35. Rockwell Automation, Inc. has a twelve month low of $242.81 and a twelve month 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.

Rockwell Automation (NYSE:ROK) last issued its quarterly earnings data 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 return on equity of 30.42% and a net margin of 11.53%. The business had revenue of $2.04 billion for the quarter, compared to the consensus estimate of $2.06 billion. During the same quarter last year, the business posted $3.64 EPS. The firm’s revenue was down 20.6% compared to the same quarter last year. Equities research analysts anticipate that Rockwell Automation, Inc. will post 9.32 EPS for the current year.

Insider Activity

In other news, VP Scott Genereux sold 278 shares of the firm’s stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $302.04, for a total transaction of $83,967.12. Following the completion of the transaction, the vice president now directly owns 3,184 shares of the company’s stock, valued at $961,695.36. This trade represents a 8.03 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP John M. Miller sold 467 shares of the business’s stock in a transaction on Monday, November 18th. The stock was 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 in the company, valued at approximately $1,363,536. This represents a 8.87 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 35,857 shares of company stock worth $10,678,037 in the last 90 days. Corporate insiders own 0.68% of the company’s stock.

Wall Street Analysts Forecast Growth

ROK has been the topic of several research reports. Stephens upgraded shares of Rockwell Automation from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $275.00 to $350.00 in a research report on Thursday, January 16th. JPMorgan Chase & Co. reduced their target price on shares of Rockwell Automation from $245.00 to $240.00 and set an “underweight” rating on the stock in a research report on Wednesday, January 15th. Barclays lowered their price target on shares of Rockwell Automation from $290.00 to $285.00 and set an “equal weight” rating for the company in a report on Wednesday, January 8th. BNP Paribas initiated coverage on Rockwell Automation in a report on Wednesday, November 13th. They set an “outperform” rating and a $345.00 price objective on the stock. Finally, Citigroup lifted their target price on Rockwell Automation from $313.00 to $345.00 and gave the company a “buy” rating in a research note on Monday, December 9th. 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 company’s stock. According to MarketBeat.com, Rockwell Automation currently has an average rating of “Hold” and a consensus target price of $304.16.

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.