Rockwell Automation, Inc. $ROK Shares Sold by Global Trust Asset Management LLC

Global Trust Asset Management LLC trimmed its position in Rockwell Automation, Inc. (NYSE:ROK) by 23.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,827 shares of the industrial products company’s stock after selling 557 shares during the quarter. Global Trust Asset Management LLC’s holdings in Rockwell Automation were worth $607,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the company. Howe & Rusling Inc. raised its stake in shares of Rockwell Automation by 4.9% in the first quarter. Howe & Rusling Inc. now owns 794 shares of the industrial products company’s stock worth $205,000 after purchasing an additional 37 shares during the last quarter. Allspring Global Investments Holdings LLC raised its stake 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 worth $1,462,000 after purchasing an additional 43 shares during the last quarter. Wealthfront Advisers LLC raised its stake in shares of Rockwell Automation by 0.6% in the first quarter. Wealthfront Advisers LLC now owns 7,708 shares of the industrial products company’s stock worth $1,992,000 after purchasing an additional 43 shares during the last quarter. Kelly Financial Services LLC raised its stake in shares of Rockwell Automation by 4.4% in the first quarter. Kelly Financial Services LLC now owns 1,096 shares of the industrial products company’s stock worth $283,000 after purchasing an additional 46 shares during the last quarter. Finally, Koshinski Asset Management Inc. raised its stake in shares of Rockwell Automation by 1.1% in the first quarter. Koshinski Asset Management Inc. now owns 4,097 shares of the industrial products company’s stock worth $1,059,000 after purchasing an additional 46 shares during the last quarter. 75.75% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Rockwell Automation

In other Rockwell Automation news, SVP Cyril Perducat sold 1,435 shares of Rockwell Automation 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 sale, the senior vice president directly owned 3,787 shares of the company’s stock, valued at $1,318,178.96. The trade was a 27.48% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Isaac Woods sold 250 shares of Rockwell Automation stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of $350.00, for a total value of $87,500.00. Following the sale, the vice president directly owned 1,662 shares of the company’s stock, valued at $581,700. This trade represents a 13.08% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 31,922 shares of company stock worth $11,191,812 over the last three months. Company insiders own 0.68% of the company’s stock.

Rockwell Automation Trading Up 1.2%

NYSE:ROK opened at $343.95 on Monday. The firm has a market cap of $38.67 billion, a PE ratio of 40.37, a price-to-earnings-growth ratio of 3.58 and a beta of 1.41. The stock has a fifty day moving average price of $345.37 and a 200 day moving average price of $309.29. Rockwell Automation, Inc. has a 12-month low of $215.00 and a 12-month high of $360.92. The company has a current ratio of 1.06, a quick ratio of 0.72 and a debt-to-equity ratio of 0.72.

Rockwell Automation (NYSE:ROK) last released its earnings results 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 analyst estimates 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% compared to the same quarter last year. During the same period last year, the business posted $2.71 earnings per share. Sell-side analysts anticipate that Rockwell Automation, Inc. will post 9.35 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts recently commented on ROK shares. Oppenheimer dropped their target price on Rockwell Automation from $371.00 to $363.00 and set an “outperform” rating on the stock in a report on Thursday, August 7th. Citigroup reaffirmed a “buy” rating and set a $392.00 target price (up from $371.00) on shares of Rockwell Automation in a report on Monday, July 14th. CICC Research started coverage on Rockwell Automation in a report on Monday, July 7th. They set an “outperform” rating and a $381.00 target price on the stock. Stephens reaffirmed an “overweight” rating and set a $375.00 target price (up from $350.00) on shares of Rockwell Automation in a report on Wednesday, July 16th. Finally, KeyCorp raised their target price on Rockwell Automation from $370.00 to $380.00 and gave the stock an “overweight” rating in a report on Thursday, August 7th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Rockwell Automation has a consensus rating of “Moderate Buy” and an average target price of $340.16.

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.