GAMMA Investing LLC Raises Stake in Rockwell Automation, Inc. $ROK

GAMMA Investing LLC boosted its stake in shares of Rockwell Automation, Inc. (NYSE:ROK) by 4.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,832 shares of the industrial products company’s stock after buying an additional 112 shares during the quarter. GAMMA Investing LLC’s holdings in Rockwell Automation were worth $941,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Howe & Rusling Inc. increased its stake in Rockwell Automation by 4.9% in the 1st quarter. Howe & Rusling Inc. now owns 794 shares of the industrial products company’s stock valued at $205,000 after purchasing an additional 37 shares in the last quarter. Bank Pictet & Cie Europe AG grew its holdings in Rockwell Automation by 0.9% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 4,195 shares of the industrial products company’s stock valued at $1,199,000 after purchasing an additional 38 shares during the last quarter. Allspring Global Investments Holdings LLC increased its position in shares of 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 in the last quarter. Wealthfront Advisers LLC raised its stake in shares of Rockwell Automation by 0.6% during the 1st quarter. Wealthfront Advisers LLC now owns 7,708 shares of the industrial products company’s stock worth $1,992,000 after buying an additional 43 shares during the last quarter. Finally, Kelly Financial Services LLC raised its stake in shares of Rockwell Automation by 4.4% during the 1st quarter. Kelly Financial Services LLC now owns 1,096 shares of the industrial products company’s stock worth $283,000 after buying an additional 46 shares during the last quarter. 75.75% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have issued reports on ROK shares. Barclays upped their price target on shares of Rockwell Automation from $357.00 to $370.00 and gave the company an “overweight” rating in a report on Thursday, August 14th. Wells Fargo & Company set a $345.00 price objective on Rockwell Automation and gave the stock an “equal weight” rating in a research report on Friday, August 8th. Citigroup reiterated a “buy” rating and set a $392.00 target price (up previously from $371.00) on shares of Rockwell Automation in a report on Monday, July 14th. Bank of America raised 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 report on Wednesday, July 16th. Finally, KeyCorp increased their price objective on Rockwell Automation from $370.00 to $380.00 and gave the company an “overweight” rating in a research note on Thursday, August 7th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $340.16.

Insider Activity at Rockwell Automation

In related news, CEO Blake D. Moret sold 24,400 shares of the business’s stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $350.13, for a total transaction of $8,543,172.00. Following the completion of the sale, the chief executive officer owned 83,873 shares of the company’s stock, valued at $29,366,453.49. This represents a 22.54% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director James P. Keane sold 3,000 shares of the stock in a transaction dated Tuesday, August 26th. The stock was sold at an average price of $356.06, for a total transaction of $1,068,180.00. Following the sale, the director owned 9,192 shares in the company, valued at approximately $3,272,903.52. This trade represents a 24.61% decrease in their position. The disclosure for this sale can be found here. Insiders sold 31,922 shares of company stock worth $11,191,812 over the last 90 days. Company insiders own 0.68% of the company’s stock.

Rockwell Automation Stock Performance

Shares of ROK stock opened at $342.84 on Wednesday. The company has a current ratio of 1.06, a quick ratio of 0.72 and a debt-to-equity ratio of 0.72. The company has a market cap of $38.55 billion, a PE ratio of 40.24, a P/E/G ratio of 3.60 and a beta of 1.41. The company’s fifty day simple moving average is $346.13 and its 200-day simple moving average is $307.33. Rockwell Automation, Inc. has a 52 week low of $215.00 and a 52 week 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 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.67 by $0.15. Rockwell Automation had a net margin of 12.03% and a return on equity of 30.14%. The company had revenue of $2.14 billion during the quarter, compared to the consensus estimate of $2.07 billion. During the same quarter last year, the company earned $2.71 earnings per share. Rockwell Automation’s revenue for the quarter was up 4.5% on a year-over-year basis. As a group, equities research analysts anticipate 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.