Simplicity Wealth LLC Grows Stake in Rockwell Automation, Inc. $ROK

Simplicity Wealth LLC grew its position in shares of Rockwell Automation, Inc. (NYSE:ROK) by 173.8% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,415 shares of the industrial products company’s stock after purchasing an additional 1,533 shares during the period. Simplicity Wealth LLC’s holdings in Rockwell Automation were worth $802,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in ROK. Citizens National Bank Trust Department bought a new stake in shares of Rockwell Automation during the 1st quarter worth $26,000. Financial Gravity Asset Management Inc. bought a new stake in shares of Rockwell Automation during the 1st quarter worth $31,000. IMA Advisory Services Inc. bought a new stake in shares of Rockwell Automation during the 1st quarter worth $32,000. Cooksen Wealth LLC bought a new stake in shares of Rockwell Automation during the 1st quarter worth $34,000. Finally, Legend Financial Advisors Inc. bought a new stake in shares of Rockwell Automation during the 2nd quarter worth $39,000. 75.75% of the stock is owned by institutional investors.

Insider Activity

In related news, VP Terry L. Riesterer sold 2,100 shares of the business’s stock in a transaction dated Tuesday, July 15th. The shares were sold at an average price of $350.08, for a total transaction of $735,168.00. Following the transaction, the vice president owned 1,033 shares in the company, valued at $361,632.64. The trade was a 67.03% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Isaac Woods sold 365 shares of the business’s stock in a transaction dated Friday, August 29th. The shares were sold at an average price of $348.44, for a total transaction of $127,180.60. Following the transaction, the vice president owned 1,691 shares in the company, valued at $589,212.04. This represents a 17.75% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 31,922 shares of company stock valued at $11,191,812. 0.68% of the stock is owned by corporate insiders.

Rockwell Automation Stock Performance

Shares of NYSE:ROK opened at $344.16 on Wednesday. The company has a market cap of $38.69 billion, a price-to-earnings ratio of 40.39, a price-to-earnings-growth ratio of 3.10 and a beta of 1.41. The company has a 50-day moving average price of $344.26 and a 200-day moving average price of $313.23. 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 12 month low of $215.00 and a 12 month high of $360.92.

Rockwell Automation (NYSE:ROK) last issued its quarterly earnings data on Wednesday, August 6th. The industrial products company reported $2.82 EPS for the quarter, beating the consensus estimate of $2.67 by $0.15. The firm had revenue of $2.14 billion during the quarter, compared to the consensus estimate of $2.07 billion. Rockwell Automation had a net margin of 12.03% and a return on equity of 30.14%. The company’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.71 earnings per share. As a group, equities analysts anticipate that Rockwell Automation, Inc. will post 9.35 EPS for the current year.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Rockwell Automation in a report on Saturday, September 27th. CICC Research assumed coverage on shares of Rockwell Automation in a research note on Monday, July 7th. They issued an “outperform” rating and a $381.00 price target for the company. Bank of America raised shares of Rockwell Automation from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $360.00 to $410.00 in a research note on Wednesday, July 16th. Wells Fargo & Company boosted their price target on shares of Rockwell Automation from $345.00 to $355.00 and gave the stock an “equal weight” rating in a research note on Monday. Finally, KeyCorp boosted their price target on shares of Rockwell Automation from $370.00 to $380.00 and gave the stock an “overweight” rating in a research note on Thursday, August 7th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $340.68.

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.