Paragon Capital Management Ltd Takes $210,000 Position in Rockwell Automation, Inc. $ROK

Paragon Capital Management Ltd bought a new position in Rockwell Automation, Inc. (NYSE:ROK) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor bought 632 shares of the industrial products company’s stock, valued at approximately $210,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ROK. Fifth Third Bancorp lifted its position in shares of Rockwell Automation by 8.5% during the first quarter. Fifth Third Bancorp now owns 5,424 shares of the industrial products company’s stock worth $1,401,000 after purchasing an additional 423 shares during the last quarter. CWM LLC raised its stake in Rockwell Automation by 3.7% in the 1st quarter. CWM LLC now owns 2,353 shares of the industrial products company’s stock valued at $608,000 after purchasing an additional 84 shares during the last quarter. Allspring Global Investments Holdings LLC increased its position in shares of Rockwell Automation by 0.8% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 5,652 shares of the industrial products company’s stock worth $1,462,000 after purchasing an additional 43 shares during the last quarter. Brighton Jones LLC purchased a new position in shares of Rockwell Automation in the 4th quarter valued at about $281,000. Finally, J.W. Cole Advisors Inc. lifted its stake in Rockwell Automation by 128.7% in the first quarter. J.W. Cole Advisors Inc. now owns 4,382 shares of the industrial products company’s stock valued at $1,132,000 after buying an additional 2,466 shares during the last quarter. Institutional investors own 75.75% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on ROK shares. Oppenheimer reduced their target price on Rockwell Automation from $371.00 to $363.00 and set an “outperform” rating on the stock in a research report on Thursday, August 7th. CICC Research assumed coverage on Rockwell Automation in a research note on Monday, July 7th. They issued an “outperform” rating and a $381.00 target price on the stock. Stephens reiterated an “overweight” rating and issued a $375.00 price objective (up from $350.00) on shares of Rockwell Automation in a research note on Wednesday, July 16th. Wall Street Zen raised Rockwell Automation from a “hold” rating to a “buy” rating in a research note on Sunday, September 21st. Finally, Bank of America upgraded shares of Rockwell Automation from a “neutral” rating to a “buy” rating and lifted their price target for the company from $360.00 to $410.00 in a research report on Wednesday, July 16th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $340.16.

Rockwell Automation Trading Up 1.2%

Shares of ROK opened at $343.95 on Friday. The company has a 50-day moving average of $345.37 and a 200 day moving average of $308.92. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.06 and a quick ratio of 0.72. Rockwell Automation, Inc. has a 1-year low of $215.00 and a 1-year high of $360.92. The firm has a market capitalization of $38.67 billion, a price-to-earnings ratio of 40.37, a PEG ratio of 3.58 and a beta of 1.41.

Rockwell Automation (NYSE:ROK) last released its earnings results on Wednesday, August 6th. The industrial products company reported $2.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.67 by $0.15. The business had revenue of $2.14 billion during the quarter, compared to analyst estimates of $2.07 billion. Rockwell Automation had a net margin of 12.03% and a return on equity of 30.14%. The company’s revenue for the quarter was up 4.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.71 earnings per share. On average, research analysts expect that Rockwell Automation, Inc. will post 9.35 EPS for the current year.

Insider Buying and Selling

In other Rockwell Automation news, VP Terry L. Riesterer sold 2,100 shares of Rockwell Automation stock in a transaction on Tuesday, July 15th. The stock was sold at an average price of $350.08, for a total value of $735,168.00. Following the completion of the transaction, the vice president owned 1,033 shares in the company, valued at approximately $361,632.64. The trade was a 67.03% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Isaac Woods sold 365 shares of the stock in a transaction that occurred on Friday, August 29th. The shares were sold at an average price of $348.44, for a total value of $127,180.60. Following the transaction, the vice president directly owned 1,691 shares of the company’s stock, valued at $589,212.04. This trade represents a 17.75% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 31,922 shares of company stock worth $11,191,812 over the last 90 days. 0.68% of the stock is currently owned by corporate insiders.

Rockwell Automation Company 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.