Lecap Asset Management Ltd. Invests $1.50 Million in Rockwell Automation, Inc. $ROK

Lecap Asset Management Ltd. purchased a new position in shares of Rockwell Automation, Inc. (NYSE:ROK) during the 2nd quarter, HoldingsChannel.com reports. The firm purchased 4,513 shares of the industrial products company’s stock, valued at approximately $1,499,000.

Several other institutional investors have also added to or reduced their stakes in ROK. Howe & Rusling Inc. grew 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 during the period. Allspring Global Investments Holdings LLC grew its stake in shares of Rockwell Automation by 0.8% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 5,652 shares of the industrial products company’s stock worth $1,462,000 after acquiring an additional 43 shares during the period. Wealthfront Advisers LLC grew 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 acquiring an additional 43 shares during the period. Kelly Financial Services LLC grew 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 acquiring an additional 46 shares during the period. Finally, Koshinski Asset Management Inc. grew its stake in shares of Rockwell Automation by 1.1% during the 1st quarter. Koshinski Asset Management Inc. now owns 4,097 shares of the industrial products company’s stock worth $1,059,000 after acquiring an additional 46 shares during the period. 75.75% of the stock is currently owned by institutional investors.

Rockwell Automation Stock Performance

NYSE:ROK opened at $349.41 on Thursday. The business has a 50 day moving average of $344.97 and a 200 day moving average of $310.42. The company has a market capitalization of $39.28 billion, a price-to-earnings ratio of 41.01, a PEG ratio of 3.65 and a beta of 1.41. Rockwell Automation, Inc. has a 1-year low of $215.00 and a 1-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.

Rockwell Automation (NYSE:ROK) last released its earnings results on Wednesday, August 6th. The industrial products company reported $2.82 earnings per share for the quarter, topping analysts’ consensus estimates of $2.67 by $0.15. The company had revenue of $2.14 billion during the quarter, compared to the consensus estimate of $2.07 billion. Rockwell Automation had a return on equity of 30.14% and a net margin of 12.03%.Rockwell Automation’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.71 EPS. On average, sell-side analysts predict that Rockwell Automation, Inc. will post 9.35 earnings per share for the current fiscal year.

Insider Transactions at Rockwell Automation

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

Analyst Ratings Changes

Several research analysts have recently weighed in on ROK shares. KeyCorp increased their price target on Rockwell Automation from $370.00 to $380.00 and gave the stock an “overweight” rating in a research note on Thursday, August 7th. Citigroup reissued a “buy” rating and set a $392.00 price objective (up previously from $371.00) on shares of Rockwell Automation in a report on Monday, July 14th. Barclays increased their price objective on Rockwell Automation from $357.00 to $370.00 and gave the stock an “overweight” rating in a report on Thursday, August 14th. Oppenheimer dropped their price objective on Rockwell Automation from $371.00 to $363.00 and set an “outperform” rating on the stock in a report on Thursday, August 7th. Finally, Stephens reaffirmed an “overweight” rating and issued a $375.00 price target (up previously from $350.00) on shares of Rockwell Automation in a report on Wednesday, July 16th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Rockwell Automation presently has a consensus rating of “Moderate Buy” and a consensus price target 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.