Rockwell Automation, Inc. $ROK Shares Bought by Davis Rea LTD.

Davis Rea LTD. raised its position in Rockwell Automation, Inc. (NYSE:ROK) by 8.5% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 5,586 shares of the industrial products company’s stock after purchasing an additional 436 shares during the period. Davis Rea LTD.’s holdings in Rockwell Automation were worth $1,856,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Strengthening Families & Communities LLC grew its holdings in Rockwell Automation by 52.8% in the second quarter. Strengthening Families & Communities LLC now owns 831 shares of the industrial products company’s stock valued at $276,000 after purchasing an additional 287 shares during the last quarter. PDS Planning Inc acquired a new stake in Rockwell Automation in the second quarter valued at $294,000. Robertson Stephens Wealth Management LLC purchased a new stake in shares of Rockwell Automation in the second quarter valued at $389,000. Cyndeo Wealth Partners LLC lifted its position in shares of Rockwell Automation by 3.9% in the second quarter. Cyndeo Wealth Partners LLC now owns 2,636 shares of the industrial products company’s stock valued at $876,000 after acquiring an additional 100 shares in the last quarter. Finally, L. Roy Papp & Associates LLP lifted its position in shares of Rockwell Automation by 14.0% in the second quarter. L. Roy Papp & Associates LLP now owns 21,030 shares of the industrial products company’s stock valued at $6,986,000 after acquiring an additional 2,579 shares in the last quarter. Institutional investors and hedge funds own 75.75% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. Bank of America upgraded Rockwell Automation from a “neutral” rating to a “buy” rating and upped their price objective for the company from $360.00 to $410.00 in a research report on Wednesday, July 16th. Wall Street Zen upgraded Rockwell Automation from a “hold” rating to a “buy” rating in a research report on Sunday, September 21st. Stephens restated an “overweight” rating and issued a $375.00 price objective (up from $350.00) on shares of Rockwell Automation in a research report on Wednesday, July 16th. Citigroup restated a “buy” rating on shares of Rockwell Automation in a research report on Thursday. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Rockwell Automation in a research report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Rockwell Automation currently has an average rating of “Moderate Buy” and a consensus target price of $340.68.

Rockwell Automation Stock Performance

NYSE ROK opened at $333.79 on Friday. The business’s 50-day moving average price is $343.79 and its 200 day moving average price is $314.40. Rockwell Automation, Inc. has a twelve month low of $215.00 and a twelve month high of $360.92. The company has a market capitalization of $37.53 billion, a PE ratio of 39.18, a price-to-earnings-growth ratio of 3.07 and a beta of 1.41. 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 for the quarter, topping the consensus estimate of $2.67 by $0.15. Rockwell Automation had a return on equity of 30.14% and a net margin of 12.03%.The firm had revenue of $2.14 billion for the quarter, compared to the consensus estimate of $2.07 billion. During the same period in the prior year, the business posted $2.71 earnings per share. The firm’s revenue for the quarter was up 4.5% compared to the same quarter last year. On average, research analysts predict that Rockwell Automation, Inc. will post 9.35 earnings per share for the current year.

Insider Buying and Selling

In other news, SVP Cyril Perducat sold 1,435 shares of the firm’s stock in a transaction dated Friday, August 29th. The stock was sold at an average price of $348.08, for a total value of $499,494.80. Following the transaction, the senior vice president directly owned 3,787 shares in the company, valued at $1,318,178.96. This trade represents a 27.48% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Isaac Woods sold 365 shares of the firm’s stock in a transaction dated Friday, August 29th. The stock was sold at an average price of $348.44, for a total value of $127,180.60. Following the completion of the transaction, the vice president owned 1,691 shares in the company, valued at approximately $589,212.04. This trade represents a 17.75% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over 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.

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.