Broderick Brian C Has $12.64 Million Stock Holdings in Rockwell Automation, Inc. $ROK

Broderick Brian C decreased its holdings in Rockwell Automation, Inc. (NYSE:ROK) by 15.3% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 38,052 shares of the industrial products company’s stock after selling 6,889 shares during the period. Rockwell Automation makes up about 2.5% of Broderick Brian C’s portfolio, making the stock its 18th biggest position. Broderick Brian C’s holdings in Rockwell Automation were worth $12,640,000 at the end of the most recent quarter.

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

Rockwell Automation Trading Down 1.3%

NYSE:ROK opened at $344.16 on Wednesday. Rockwell Automation, Inc. has a 52 week low of $215.00 and a 52 week high of $360.92. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.72 and a current ratio of 1.06. The firm’s fifty day moving average is $344.26 and its 200-day moving average is $313.23. The firm has a market cap of $38.69 billion, a P/E ratio of 40.39, a P/E/G ratio of 3.10 and a beta of 1.41.

Rockwell Automation (NYSE:ROK) last announced 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 business had revenue of $2.14 billion during the quarter, compared to the consensus estimate of $2.07 billion. Rockwell Automation had a net margin of 12.03% and a return on equity of 30.14%. Rockwell Automation’s quarterly revenue was up 4.5% on a year-over-year basis. During the same quarter last year, the firm earned $2.71 earnings per share. Equities analysts expect that Rockwell Automation, Inc. will post 9.35 earnings per share for the current year.

Insider Transactions at Rockwell Automation

In related news, 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 sale, the senior vice president owned 3,787 shares in the company, valued at $1,318,178.96. This represents a 27.48% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Terry L. Riesterer sold 2,100 shares of the firm’s stock in a transaction that occurred on Tuesday, July 15th. The stock was sold at an average price of $350.08, for a total value of $735,168.00. Following the sale, the vice president directly owned 1,033 shares of the company’s stock, valued at $361,632.64. This represents a 67.03% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 31,922 shares of company stock worth $11,191,812. Corporate insiders own 0.68% of the company’s stock.

Wall Street Analysts Forecast Growth

ROK has been the topic of several recent research reports. CICC Research started 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. Wall Street Zen upgraded Rockwell Automation from a “hold” rating to a “buy” rating in a research report on Sunday, September 21st. KeyCorp boosted their price target on Rockwell Automation from $370.00 to $380.00 and gave the stock an “overweight” rating in a report on Thursday, August 7th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Rockwell Automation in a report on Saturday, September 27th. Finally, Citigroup reiterated a “buy” rating and set a $392.00 target price (up from $371.00) on shares of Rockwell Automation in a research report on Monday, July 14th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $340.68.

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.