Benedict Financial Advisors Inc. lessened its holdings in Rockwell Automation (NYSE:ROK) by 4.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,754 shares of the industrial products company’s stock after selling 316 shares during the period. Benedict Financial Advisors Inc.’s holdings in Rockwell Automation were worth $1,326,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also made changes to their positions in ROK. Cerebellum GP LLC acquired a new position in Rockwell Automation during the 4th quarter worth about $130,000. Valeo Financial Advisors LLC acquired a new position in Rockwell Automation during the 3rd quarter worth about $131,000. Rockefeller Financial Services Inc. acquired a new position in Rockwell Automation during the 3rd quarter worth about $143,000. Kohmann Bosshard Financial Services LLC acquired a new position in Rockwell Automation during the 3rd quarter worth about $186,000. Finally, Foundry Partners LLC acquired a new position in Rockwell Automation during the 3rd quarter worth about $200,000. 72.75% of the stock is currently owned by institutional investors and hedge funds.

In related news, insider Theodore D. Crandall sold 23,600 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $200.71, for a total transaction of $4,736,756.00. Following the transaction, the insider now owns 113,977 shares in the company, valued at approximately $22,876,323.67. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Robert B. Murphy sold 696 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $200.00, for a total value of $139,200.00. The disclosure for this sale can be found here. Insiders have sold a total of 70,866 shares of company stock worth $14,176,791 in the last 90 days. 1.28% of the stock is currently owned by company insiders.

Several equities analysts recently issued reports on ROK shares. Zacks Investment Research raised Rockwell Automation from a “hold” rating to a “buy” rating and set a $209.00 target price on the stock in a research note on Tuesday, October 17th. UBS Group started coverage on Rockwell Automation in a research report on Monday, January 22nd. They issued a “buy” rating on the stock. Morgan Stanley increased their price target on Rockwell Automation from $194.00 to $206.00 and gave the company an “equal weight” rating in a research report on Thursday, January 25th. Oppenheimer reaffirmed a “hold” rating on shares of Rockwell Automation in a research report on Monday, November 20th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and issued a $183.00 price target on shares of Rockwell Automation in a research report on Thursday, October 12th. Three investment analysts have rated the stock with a sell rating, twelve have given a hold rating and four have assigned a buy rating to the company’s stock. Rockwell Automation currently has an average rating of “Hold” and a consensus target price of $183.15.

Rockwell Automation (NYSE:ROK) opened at $188.57 on Wednesday. Rockwell Automation has a 1-year low of $147.67 and a 1-year high of $210.72. The company has a market capitalization of $24,792.81, a PE ratio of 66.17, a PEG ratio of 2.19 and a beta of 1.17. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.98 and a quick ratio of 1.73.

Rockwell Automation (NYSE:ROK) last released its quarterly earnings results on Wednesday, January 24th. The industrial products company reported $1.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.74 by $0.22. The firm had revenue of $1.59 billion for the quarter, compared to the consensus estimate of $1.60 billion. Rockwell Automation had a return on equity of 39.45% and a net margin of 5.85%. The firm’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same quarter last year, the business posted $1.75 EPS. sell-side analysts forecast that Rockwell Automation will post 7.79 earnings per share for the current year.

Rockwell Automation declared that its Board of Directors has authorized a stock repurchase plan on Wednesday, January 24th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the industrial products company to purchase shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its stock is undervalued.

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Rockwell Automation Company Profile

Rockwell Automation, Inc (Rockwell Automation) is a provider of industrial automation power, control and information solutions for manufacturers. The Company operates through two segments: Architecture & Software and Control Products & Solutions. The Architecture & Software segment contains various hardware, software and communication components of the Company’s integrated control and information architecture capable of controlling the customer’s industrial processes and connecting with their manufacturing enterprise.

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Institutional Ownership by Quarter for Rockwell Automation (NYSE:ROK)

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