United Services Automobile Association Invests $713,000 in Rockwell Automation, Inc. $ROK

United Services Automobile Association bought a new position in Rockwell Automation, Inc. (NYSE:ROK) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 2,757 shares of the industrial products company’s stock, valued at approximately $713,000.

A number of other hedge funds also recently bought and sold shares of ROK. Citizens National Bank Trust Department purchased a new stake in Rockwell Automation during the first quarter valued at $26,000. Financial Gravity Asset Management Inc. purchased a new stake in Rockwell Automation during the first quarter valued at $31,000. IMA Advisory Services Inc. purchased a new stake in Rockwell Automation during the first quarter valued at $32,000. Cooksen Wealth LLC purchased a new stake in Rockwell Automation during the first quarter valued at $34,000. Finally, Cary Street Partners Investment Advisory LLC raised its stake in Rockwell Automation by 59.6% during the first quarter. Cary Street Partners Investment Advisory LLC now owns 166 shares of the industrial products company’s stock valued at $43,000 after purchasing an additional 62 shares in the last quarter. Hedge funds and other institutional investors own 75.75% of the company’s stock.

Rockwell Automation Trading Down 0.5%

ROK stock opened at $342.79 on Wednesday. The company has a quick ratio of 0.72, a current ratio of 1.06 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 stock has a market capitalization of $38.54 billion, a price-to-earnings ratio of 40.23, a price-to-earnings-growth ratio of 3.60 and a beta of 1.41. The firm’s fifty day simple moving average is $345.71 and its two-hundred day simple moving average is $302.85.

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

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on ROK shares. CICC Research started coverage on shares of Rockwell Automation in a research note on Monday, July 7th. They set an “outperform” rating and a $381.00 price target on the stock. Wells Fargo & Company set a $345.00 price target on shares of Rockwell Automation and gave the company an “equal weight” rating in a research note on Friday, August 8th. Bank of America raised shares of Rockwell Automation from a “neutral” rating to a “buy” rating and upped their price target for the company from $360.00 to $410.00 in a research note on Wednesday, July 16th. JPMorgan Chase & Co. upped their price target on shares of Rockwell Automation from $271.00 to $299.00 and gave the company a “neutral” rating in a research note on Friday, May 16th. Finally, KeyCorp boosted their price objective on shares of Rockwell Automation from $370.00 to $380.00 and gave the company an “overweight” rating in a research report on Thursday, August 7th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $340.16.

Insider Activity at Rockwell Automation

In other news, VP Terry L. Riesterer sold 2,100 shares of the company’s stock in a transaction dated Tuesday, July 15th. The shares were sold at an average price of $350.08, for a total value of $735,168.00. Following the transaction, the vice president directly owned 1,033 shares in the company, valued at approximately $361,632.64. This represents a 67.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Cyril Perducat sold 1,435 shares of the company’s stock in a transaction dated 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 transaction, the senior vice president owned 3,787 shares in the company, valued at approximately $1,318,178.96. The trade was a 27.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 7,272 shares of company stock valued at $2,561,140. Company insiders own 0.68% of the company’s stock.

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.