Rockwell Automation, Inc. $ROK Stock Position Decreased by Lmcg Investments LLC

Lmcg Investments LLC cut its position in shares of Rockwell Automation, Inc. (NYSE:ROK) by 4.9% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 41,907 shares of the industrial products company’s stock after selling 2,168 shares during the period. Lmcg Investments LLC’s holdings in Rockwell Automation were worth $13,920,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Davis Rea LTD. raised its stake in shares of Rockwell Automation by 8.5% during the 2nd quarter. Davis Rea LTD. now owns 5,586 shares of the industrial products company’s stock worth $1,856,000 after purchasing an additional 436 shares in the last quarter. Strengthening Families & Communities LLC raised its stake in shares of Rockwell Automation by 52.8% in the 2nd quarter. Strengthening Families & Communities LLC now owns 831 shares of the industrial products company’s stock valued at $276,000 after acquiring an additional 287 shares in the last quarter. PDS Planning Inc bought a new position in shares of Rockwell Automation in the 2nd quarter valued at approximately $294,000. Robertson Stephens Wealth Management LLC bought a new position in shares of Rockwell Automation in the 2nd quarter valued at approximately $389,000. Finally, Cyndeo Wealth Partners LLC raised its stake in shares of Rockwell Automation by 3.9% in the 2nd 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. 75.75% of the stock is owned by hedge funds and other institutional investors.

Rockwell Automation Stock Performance

ROK opened at $333.79 on Friday. Rockwell Automation, Inc. has a 12-month low of $215.00 and a 12-month high of $360.92. The firm has a market capitalization of $37.53 billion, a P/E ratio of 39.18, a price-to-earnings-growth ratio of 3.07 and a beta of 1.41. The stock’s 50 day moving average price is $343.79 and its two-hundred day moving average price is $314.40. The company has a quick ratio of 0.72, a current ratio of 1.06 and a debt-to-equity ratio of 0.72.

Rockwell Automation (NYSE:ROK) last announced its quarterly earnings data 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 company had revenue of $2.14 billion for the quarter, compared to analyst estimates of $2.07 billion. During the same quarter last year, the firm earned $2.71 EPS. Rockwell Automation’s revenue for the quarter was up 4.5% compared to the same quarter last year. On average, equities analysts forecast that Rockwell Automation, Inc. will post 9.35 earnings per share for the current year.

Analyst Ratings Changes

ROK has been the topic of a number of recent analyst reports. Barclays raised their price objective on Rockwell Automation from $357.00 to $370.00 and gave the company an “overweight” rating in a research note on Thursday, August 14th. KeyCorp raised their price objective on Rockwell Automation from $370.00 to $380.00 and gave the company an “overweight” rating in a research note on Thursday, August 7th. Weiss Ratings reissued a “buy (b-)” rating on shares of Rockwell Automation in a research note on Wednesday. Citigroup reissued a “buy” rating on shares of Rockwell Automation in a research note on Thursday. Finally, Bank of America raised Rockwell Automation from a “neutral” rating to a “buy” rating and raised their target price for the company from $360.00 to $410.00 in a report on Wednesday, July 16th. One 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 assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $340.68.

Insider Activity 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 transaction of $8,543,172.00. Following the sale, the chief executive officer owned 83,873 shares of the company’s stock, valued at approximately $29,366,453.49. This trade represents a 22.54% decrease in their position. The sale was disclosed in a document filed 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 sale, the director directly owned 9,192 shares in the company, valued at $3,272,903.52. The trade was a 24.61% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 31,922 shares of company stock worth $11,191,812 in the last three months. Company insiders own 0.68% of the company’s stock.

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.