Vontobel Holding Ltd. Has $3.67 Million Stock Holdings in Rockwell Automation, Inc. $ROK

Vontobel Holding Ltd. cut its stake in shares of Rockwell Automation, Inc. (NYSE:ROK) by 1.0% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 11,034 shares of the industrial products company’s stock after selling 117 shares during the quarter. Vontobel Holding Ltd.’s holdings in Rockwell Automation were worth $3,665,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of ROK. Capital Investment Advisors LLC raised its stake in Rockwell Automation by 5.7% in the second quarter. Capital Investment Advisors LLC now owns 2,192 shares of the industrial products company’s stock valued at $728,000 after buying an additional 119 shares during the period. Fifth Third Bancorp raised its stake in Rockwell Automation by 8.5% in the first quarter. Fifth Third Bancorp now owns 5,424 shares of the industrial products company’s stock valued at $1,401,000 after buying an additional 423 shares during the period. CWM LLC raised its stake in Rockwell Automation by 3.7% in the first quarter. CWM LLC now owns 2,353 shares of the industrial products company’s stock valued at $608,000 after buying an additional 84 shares during the period. Allspring Global Investments Holdings LLC raised its stake in Rockwell Automation by 0.8% in the first quarter. Allspring Global Investments Holdings LLC now owns 5,652 shares of the industrial products company’s stock valued at $1,462,000 after buying an additional 43 shares during the period. Finally, Brighton Jones LLC bought a new stake in Rockwell Automation in the fourth quarter valued at approximately $281,000. 75.75% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have issued reports on ROK. Bank of America upgraded Rockwell Automation from a “neutral” rating to a “buy” rating and upped their price objective for the company from $360.00 to $410.00 in a research note on Wednesday, July 16th. KeyCorp increased their target price on Rockwell Automation from $370.00 to $380.00 and gave the stock an “overweight” rating in a research note on Thursday, August 7th. Barclays increased their target price on Rockwell Automation from $357.00 to $370.00 and gave the stock an “overweight” rating in a research note on Thursday, August 14th. Wells Fargo & Company increased their target price on Rockwell Automation from $345.00 to $355.00 and gave the stock an “equal weight” rating in a research note on Monday, October 6th. Finally, Oppenheimer lowered their target price 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. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Rockwell Automation has an average rating of “Moderate Buy” and an average target price of $340.68.

Insider Activity

In other Rockwell Automation news, SVP Cyril Perducat sold 1,435 shares of the firm’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 transaction, the senior vice president owned 3,787 shares in the company, valued at $1,318,178.96. This trade represents a 27.48% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Terry L. Riesterer sold 2,100 shares of the firm’s 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 transaction, the vice president owned 1,033 shares in the company, valued at approximately $361,632.64. This trade represents a 67.03% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 31,922 shares of company stock worth $11,191,812. 0.68% of the stock is currently owned by insiders.

Rockwell Automation Price Performance

Rockwell Automation stock opened at $333.79 on Friday. The stock’s fifty day moving average price is $343.79 and its two-hundred day moving average price is $314.40. Rockwell Automation, Inc. has a one year low of $215.00 and a one year high of $360.92. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.06 and a quick ratio of 0.72. The firm has a market cap of $37.53 billion, a PE ratio of 39.18, a price-to-earnings-growth ratio of 3.07 and a beta of 1.41.

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 analysts’ consensus estimates of $2.67 by $0.15. Rockwell Automation had a return on equity of 30.14% and a net margin of 12.03%.The firm had revenue of $2.14 billion for the quarter, compared to analyst estimates of $2.07 billion. During the same quarter last year, the company earned $2.71 EPS. The company’s revenue was up 4.5% on a year-over-year basis. As a group, research analysts expect that Rockwell Automation, Inc. will post 9.35 EPS for the current fiscal year.

Rockwell Automation 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.