Sentry Investment Management LLC Has $186,000 Holdings in Rockwell Automation, Inc. (NYSE:ROK)

Sentry Investment Management LLC decreased its holdings in shares of Rockwell Automation, Inc. (NYSE:ROK) by 9.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 599 shares of the industrial products company’s stock after selling 64 shares during the quarter. Sentry Investment Management LLC’s holdings in Rockwell Automation were worth $186,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in ROK. OFI Invest Asset Management bought a new position in shares of Rockwell Automation during the third quarter valued at $26,000. Provence Wealth Management Group bought a new position in Rockwell Automation during the 3rd quarter worth $27,000. Bruce G. Allen Investments LLC bought a new position in Rockwell Automation during the 4th quarter worth $27,000. BluePath Capital Management LLC acquired a new position in Rockwell Automation during the 3rd quarter worth about $29,000. Finally, Neo Ivy Capital Management acquired a new stake in shares of Rockwell Automation in the second quarter valued at about $29,000. Institutional investors own 75.75% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on ROK shares. Mizuho cut their price objective on Rockwell Automation from $300.00 to $265.00 and set a “neutral” rating on the stock in a research note on Thursday, February 1st. Barclays lowered their price objective on shares of Rockwell Automation from $269.00 to $265.00 and set an “underweight” rating for the company in a research note on Tuesday, April 2nd. JPMorgan Chase & Co. restated an “underweight” rating and issued a $254.00 price target on shares of Rockwell Automation in a report on Thursday, March 21st. Oppenheimer reduced their target price on Rockwell Automation from $324.00 to $300.00 and set an “outperform” rating for the company in a research note on Thursday, February 1st. Finally, UBS Group upgraded Rockwell Automation from a “neutral” rating to a “buy” rating and increased their price target for the stock from $305.00 to $360.00 in a report on Wednesday, January 3rd. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $310.08.

Rockwell Automation Price Performance

ROK opened at $281.42 on Wednesday. Rockwell Automation, Inc. has a 1 year low of $252.11 and a 1 year high of $348.52. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.25 and a quick ratio of 0.80. The company has a market capitalization of $32.25 billion, a price-to-earnings ratio of 26.78, a P/E/G ratio of 2.87 and a beta of 1.43. The firm’s fifty day moving average price is $283.05 and its two-hundred day moving average price is $284.38.

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

Rockwell Automation Announces Dividend

The firm 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 of this dividend is Friday, May 10th. Rockwell Automation’s dividend payout ratio is presently 47.57%.

Insider Transactions at Rockwell Automation

In other Rockwell Automation news, VP Scott Genereux sold 500 shares of the business’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $290.00, for a total value of $145,000.00. Following the transaction, the vice president now directly owns 2,383 shares in the company, valued at $691,070. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, CFO Nicholas C. Gangestad sold 1,989 shares of Rockwell Automation stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $288.17, for a total value of $573,170.13. Following the completion of the transaction, the chief financial officer now owns 12,217 shares in the company, valued at $3,520,572.89. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Scott Genereux sold 500 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $290.00, for a total transaction of $145,000.00. Following the sale, the vice president now owns 2,383 shares in the company, valued at $691,070. The disclosure for this sale can be found here. Insiders have sold 17,877 shares of company stock worth $5,058,772 in the last ninety days. Company insiders own 0.68% of the company’s stock.

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.