Rockwell Automation, Inc. $ROK Shares Sold by Uncommon Cents Investing LLC

Uncommon Cents Investing LLC decreased its stake in Rockwell Automation, Inc. (NYSE:ROK) by 5.3% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,140 shares of the industrial products company’s stock after selling 175 shares during the period. Uncommon Cents Investing LLC’s holdings in Rockwell Automation were worth $1,043,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in ROK. Citizens National Bank Trust Department acquired a new position in Rockwell Automation during the first quarter worth approximately $26,000. Legend Financial Advisors Inc. purchased a new position in shares of Rockwell Automation during the second quarter worth approximately $39,000. Financial Gravity Asset Management Inc. acquired a new position in shares of Rockwell Automation in the 1st quarter valued at $31,000. IMA Advisory Services Inc. purchased a new stake in Rockwell Automation in the 1st quarter valued at $32,000. Finally, Cooksen Wealth LLC acquired a new stake in Rockwell Automation during the 1st quarter worth $34,000. 75.75% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Rockwell Automation news, VP Isaac Woods sold 250 shares of the company’s stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $350.00, for a total value of $87,500.00. Following the sale, the vice president owned 1,662 shares of the company’s stock, valued at $581,700. This represents a 13.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Blake D. Moret sold 24,400 shares of the firm’s stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of $350.13, for a total transaction of $8,543,172.00. Following the sale, the chief executive officer directly owned 83,873 shares in the company, valued at $29,366,453.49. This represents a 22.54% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 31,922 shares of company stock worth $11,191,812. 0.68% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. KeyCorp boosted their price target on Rockwell Automation from $370.00 to $380.00 and gave the company an “overweight” rating in a research report on Thursday, August 7th. Barclays increased their price target on Rockwell Automation from $357.00 to $370.00 and gave the stock an “overweight” rating in a report on Thursday, August 14th. Stephens restated an “overweight” rating and issued a $375.00 target price (up previously from $350.00) on shares of Rockwell Automation in a research note on Wednesday, July 16th. Citigroup reaffirmed a “buy” rating and issued a $392.00 price objective (up previously from $371.00) on shares of Rockwell Automation in a report on Monday, July 14th. Finally, CICC Research assumed coverage on Rockwell Automation in a report on Monday, July 7th. They set an “outperform” rating and a $381.00 price objective on the stock. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Rockwell Automation presently has an average rating of “Moderate Buy” and a consensus price target of $340.16.

Rockwell Automation Price Performance

Shares of NYSE:ROK opened at $343.95 on Friday. The firm has a market capitalization of $38.67 billion, a price-to-earnings ratio of 40.37, a price-to-earnings-growth ratio of 3.58 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’s 50 day simple moving average is $345.37 and its 200-day simple moving average is $308.92. Rockwell Automation, Inc. has a 12 month low of $215.00 and a 12 month 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, topping the consensus estimate of $2.67 by $0.15. The firm had revenue of $2.14 billion during the quarter, compared to analysts’ expectations of $2.07 billion. Rockwell Automation had a return on equity of 30.14% and a net margin of 12.03%.Rockwell Automation’s revenue was up 4.5% on a year-over-year basis. During the same period in the previous year, the firm posted $2.71 earnings per share. As a group, equities analysts forecast that Rockwell Automation, Inc. will post 9.35 earnings per share for the current fiscal year.

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.