Courier Capital LLC Has $1.48 Million Stock Position in Rockwell Automation, Inc. $ROK

Courier Capital LLC lessened its holdings in Rockwell Automation, Inc. (NYSE:ROK) by 1.3% during the second quarter, HoldingsChannel reports. The fund owned 4,452 shares of the industrial products company’s stock after selling 59 shares during the quarter. Courier Capital LLC’s holdings in Rockwell Automation were worth $1,479,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Citizens National Bank Trust Department bought a new stake in Rockwell Automation during the 1st quarter worth approximately $26,000. Financial Gravity Asset Management Inc. bought a new stake in Rockwell Automation during the first quarter worth $31,000. IMA Advisory Services Inc. purchased a new stake in Rockwell Automation in the 1st quarter valued at $32,000. Cooksen Wealth LLC bought a new position in Rockwell Automation during the 1st quarter valued at $34,000. Finally, Legend Financial Advisors Inc. purchased a new position in Rockwell Automation during the 2nd quarter worth $39,000. Institutional investors own 75.75% of the company’s stock.

Analysts Set New Price Targets

ROK has been the subject of several recent analyst reports. Oppenheimer upped their target price on shares of Rockwell Automation from $363.00 to $365.00 and gave the stock an “outperform” rating in a research note on Tuesday. Barclays increased their price objective on shares of Rockwell Automation from $357.00 to $370.00 and gave the company an “overweight” rating in a research note on Thursday, August 14th. Stephens restated an “overweight” rating and issued a $375.00 target price (up previously from $350.00) on shares of Rockwell Automation in a research note on Wednesday, July 16th. Citigroup reaffirmed a “buy” rating on shares of Rockwell Automation in a research report on Thursday, October 9th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Rockwell Automation in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $340.79.

Rockwell Automation Trading Up 1.5%

Shares of ROK stock opened at $344.20 on Wednesday. Rockwell Automation, Inc. has a 12-month low of $215.00 and a 12-month high of $360.92. The company has a quick ratio of 0.72, a current ratio of 1.06 and a debt-to-equity ratio of 0.72. The company has a 50 day moving average of $343.52 and a 200-day moving average of $315.80. The firm has a market cap of $38.70 billion, a P/E ratio of 40.40, a PEG ratio of 3.05 and a beta of 1.41.

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, beating the consensus estimate of $2.67 by $0.15. The business 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 in the prior year, the company earned $2.71 earnings per share. Sell-side analysts anticipate that Rockwell Automation, Inc. will post 9.35 earnings per share for the current year.

Insiders Place Their Bets

In related news, CEO Blake D. Moret sold 24,400 shares of the firm’s stock in a transaction that occurred on Thursday, September 11th. The shares were sold at an average price of $350.13, for a total value of $8,543,172.00. Following the completion of the transaction, the chief executive officer directly 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Terry L. Riesterer sold 269 shares of the stock in a transaction on Thursday, July 17th. The stock was sold at an average price of $355.26, for a total value of $95,564.94. Following the sale, the vice president owned 1,613 shares in the company, valued at approximately $573,034.38. This represents a 14.29% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 29,822 shares of company stock worth $10,456,644 in the last ninety days. 0.68% of the stock is owned by corporate insiders.

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.