Catalyst Capital Advisors LLC Takes Position in Rockwell Automation, Inc. $ROK

Catalyst Capital Advisors LLC acquired a new stake in shares of Rockwell Automation, Inc. (NYSE:ROK) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor acquired 453 shares of the industrial products company’s stock, valued at approximately $150,000.

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

Insider Transactions at Rockwell Automation

In related news, VP Isaac Woods sold 365 shares of Rockwell Automation stock in a transaction dated Friday, August 29th. The stock was sold at an average price of $348.44, for a total value of $127,180.60. Following the completion of the sale, the vice president owned 1,691 shares of the company’s stock, valued at approximately $589,212.04. This trade represents a 17.75% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Blake D. Moret sold 24,400 shares of Rockwell Automation stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of $350.13, for a total value of $8,543,172.00. Following the completion of the sale, the chief executive officer directly owned 83,873 shares of the company’s stock, valued at approximately $29,366,453.49. This trade represents a 22.54% decrease in their position. The disclosure for this sale can be found here. Insiders sold 29,553 shares of company stock worth $10,361,079 over the last quarter. 0.68% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

ROK has been the subject of a number of analyst reports. Citigroup reissued a “buy” rating on shares of Rockwell Automation in a research report on Thursday, October 9th. Wall Street Zen upgraded Rockwell Automation from a “hold” rating to a “buy” rating in a research note on Sunday, September 21st. Wells Fargo & Company raised their price objective 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. Barclays raised their price objective on Rockwell Automation from $357.00 to $370.00 and gave the company an “overweight” rating in a research note on Thursday, August 14th. Finally, Stephens restated an “overweight” rating and set a $375.00 price objective (up from $350.00) on shares of Rockwell Automation in a research note on Wednesday, July 16th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Rockwell Automation has an average rating of “Moderate Buy” and an average target price of $347.94.

Rockwell Automation Stock Down 0.0%

Shares of NYSE:ROK opened at $357.01 on Friday. The company has a market capitalization of $40.14 billion, a PE ratio of 41.90, a price-to-earnings-growth ratio of 3.20 and a beta of 1.41. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.06 and a quick ratio of 0.72. The business has a fifty day moving average price of $345.80 and a two-hundred day moving average price of $321.41. Rockwell Automation, Inc. has a 1 year low of $215.00 and a 1 year high of $361.60.

Rockwell Automation (NYSE:ROK) last announced its quarterly earnings data on Wednesday, August 6th. The industrial products company reported $2.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 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 quarter in the prior year, the company earned $2.71 EPS. Analysts forecast that Rockwell Automation, Inc. will post 9.35 earnings per share 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.