Rockwell Automation, Inc. $ROK Shares Acquired by Strengthening Families & Communities LLC

Strengthening Families & Communities LLC increased its position in Rockwell Automation, Inc. (NYSE:ROK) by 52.8% during the second quarter, HoldingsChannel.com reports. The fund owned 831 shares of the industrial products company’s stock after acquiring an additional 287 shares during the quarter. Strengthening Families & Communities LLC’s holdings in Rockwell Automation were worth $276,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Citizens National Bank Trust Department purchased a new stake in Rockwell Automation in the 1st quarter valued at approximately $26,000. Financial Gravity Asset Management Inc. purchased a new stake in Rockwell Automation in the 1st quarter valued at approximately $31,000. IMA Advisory Services Inc. purchased a new stake in Rockwell Automation in the 1st quarter valued at approximately $32,000. Cooksen Wealth LLC purchased a new stake in Rockwell Automation in the 1st quarter valued at approximately $34,000. Finally, Legend Financial Advisors Inc. purchased a new stake in Rockwell Automation in the 2nd quarter valued at approximately $39,000. Institutional investors and hedge funds own 75.75% of the company’s stock.

Insider Buying and Selling at Rockwell Automation

In other news, SVP Cyril Perducat sold 1,435 shares of the company’s stock in a transaction on Friday, August 29th. The stock was sold at an average price of $348.08, for a total transaction of $499,494.80. Following the completion of the sale, the senior vice president directly owned 3,787 shares in the company, valued at $1,318,178.96. This represents a 27.48% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, VP Isaac Woods sold 250 shares of the stock in a transaction on Thursday, September 11th. The shares were sold at an average price of $350.00, for a total value of $87,500.00. Following the completion of the sale, the vice president owned 1,662 shares of the company’s stock, valued at approximately $581,700. This represents a 13.08% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 31,922 shares of company stock worth $11,191,812. 0.68% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research firms recently issued reports on ROK. Wells Fargo & Company upped their target price on Rockwell Automation from $345.00 to $355.00 and gave the company an “equal weight” rating in a research note on Monday, October 6th. Citigroup reaffirmed a “buy” rating on shares of Rockwell Automation in a research note on Thursday. Oppenheimer reduced their price target on Rockwell Automation from $371.00 to $363.00 and set an “outperform” rating on the stock in a research note on Thursday, August 7th. Stephens reissued an “overweight” rating and set a $375.00 price target (up previously from $350.00) on shares of Rockwell Automation in a research note on Wednesday, July 16th. 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 note on Thursday, August 14th. One research analyst has rated the stock with a Strong Buy rating, twelve have given 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.com, Rockwell Automation currently has a consensus rating of “Moderate Buy” and an average target price of $340.68.

Rockwell Automation Trading Down 2.6%

ROK stock opened at $333.79 on Friday. The company has a market cap of $37.53 billion, a price-to-earnings ratio of 39.18, a PEG ratio of 3.07 and a beta of 1.41. The company has a quick ratio of 0.72, a current ratio of 1.06 and a debt-to-equity ratio of 0.72. The business has a fifty day simple moving average of $343.79 and a 200-day simple moving average of $314.40. Rockwell Automation, Inc. has a 52 week low of $215.00 and a 52 week high of $360.92.

Rockwell Automation (NYSE:ROK) last released its quarterly earnings data on Wednesday, August 6th. The industrial products company reported $2.82 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 the consensus estimate of $2.07 billion. Rockwell Automation had a return on equity of 30.14% and a net margin of 12.03%.The business’s revenue for the quarter was up 4.5% on a year-over-year basis. During the same period in the prior year, the firm posted $2.71 EPS. On average, equities research analysts expect that Rockwell Automation, Inc. will post 9.35 EPS for the current year.

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.