Roberts Wealth Advisors LLC Boosts Holdings in Rockwell Automation, Inc. $ROK

Roberts Wealth Advisors LLC boosted its stake in shares of Rockwell Automation, Inc. (NYSE:ROK) by 0.4% during the 2nd quarter, Holdings Channel.com reports. The firm owned 13,169 shares of the industrial products company’s stock after purchasing an additional 48 shares during the quarter. Rockwell Automation comprises approximately 1.3% of Roberts Wealth Advisors LLC’s holdings, making the stock its 29th biggest position. Roberts Wealth Advisors LLC’s holdings in Rockwell Automation were worth $4,374,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Capital Investment Advisors LLC grew its holdings in Rockwell Automation by 5.7% during the second quarter. Capital Investment Advisors LLC now owns 2,192 shares of the industrial products company’s stock worth $728,000 after acquiring an additional 119 shares during the period. Fifth Third Bancorp boosted its position in Rockwell Automation by 8.5% in the 1st 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 in the last quarter. CWM LLC boosted its position in Rockwell Automation by 3.7% in the 1st quarter. CWM LLC now owns 2,353 shares of the industrial products company’s stock worth $608,000 after purchasing an additional 84 shares in the last quarter. Allspring Global Investments Holdings LLC grew its stake 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 period. Finally, Brighton Jones LLC purchased a new position in shares of Rockwell Automation during the 4th quarter valued at approximately $281,000. Institutional investors and hedge funds own 75.75% of the company’s stock.

Rockwell Automation Trading Down 0.2%

Shares of Rockwell Automation stock opened at $348.69 on Tuesday. The company has a current ratio of 1.06, a quick ratio of 0.72 and a debt-to-equity ratio of 0.72. Rockwell Automation, Inc. has a twelve month low of $215.00 and a twelve month high of $360.92. The firm has a market capitalization of $39.20 billion, a PE ratio of 40.93, a P/E/G ratio of 3.10 and a beta of 1.41. The firm’s 50-day moving average price is $344.46 and its 200 day moving average price is $313.01.

Rockwell Automation (NYSE:ROK) last posted its quarterly earnings data on Wednesday, August 6th. The industrial products company reported $2.82 EPS for the quarter, topping the consensus estimate of $2.67 by $0.15. The company had revenue of $2.14 billion during the quarter, compared to analyst estimates of $2.07 billion. Rockwell Automation had a return on equity of 30.14% and a net margin of 12.03%.Rockwell Automation’s quarterly revenue was up 4.5% on a year-over-year basis. During the same period in the previous year, the business earned $2.71 EPS. On average, sell-side analysts predict that Rockwell Automation, Inc. will post 9.35 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently issued reports on ROK shares. KeyCorp increased their price target on shares of Rockwell Automation from $370.00 to $380.00 and gave the stock an “overweight” rating in a report on Thursday, August 7th. Bank of America upgraded shares of Rockwell Automation from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $360.00 to $410.00 in a research report on Wednesday, July 16th. Wall Street Zen upgraded Rockwell Automation from a “hold” rating to a “buy” rating in a research report on Sunday, September 21st. Citigroup reaffirmed a “buy” rating and issued a $392.00 price target (up previously from $371.00) on shares of Rockwell Automation in a report on Monday, July 14th. Finally, Barclays increased their price target on Rockwell Automation from $357.00 to $370.00 and gave the stock an “overweight” rating in a research report on Thursday, August 14th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Rockwell Automation currently has a consensus rating of “Moderate Buy” and an average price target of $340.68.

Insiders Place Their Bets

In other news, VP Isaac Woods sold 365 shares of the business’s stock in a transaction that occurred on Friday, August 29th. The stock was sold at an average price of $348.44, for a total transaction of $127,180.60. Following the transaction, the vice president directly owned 1,691 shares in the company, valued at $589,212.04. The trade was a 17.75% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director James P. Keane sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, August 26th. The stock was sold at an average price of $356.06, for a total transaction of $1,068,180.00. Following the sale, the director owned 9,192 shares of the company’s stock, valued at approximately $3,272,903.52. The trade was a 24.61% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 31,922 shares of company stock worth $11,191,812. 0.68% of the stock is currently owned by insiders.

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.