Wilmington Savings Fund Society FSB Raises Stake in Rockwell Automation, Inc. $ROK

Wilmington Savings Fund Society FSB boosted its holdings in shares of Rockwell Automation, Inc. (NYSE:ROK) by 9.9% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,038 shares of the industrial products company’s stock after acquiring an additional 183 shares during the period. Wilmington Savings Fund Society FSB’s holdings in Rockwell Automation were worth $677,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of ROK. Brighton Jones LLC purchased a new position in Rockwell Automation in the fourth quarter worth about $281,000. GAMMA Investing LLC boosted its stake in Rockwell Automation by 15.9% during the 1st quarter. GAMMA Investing LLC now owns 2,720 shares of the industrial products company’s stock valued at $703,000 after purchasing an additional 373 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in Rockwell Automation by 77.2% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 35,517 shares of the industrial products company’s stock valued at $9,177,000 after purchasing an additional 15,470 shares during the last quarter. Janney Montgomery Scott LLC boosted its stake in Rockwell Automation by 30.3% during the 1st quarter. Janney Montgomery Scott LLC now owns 42,081 shares of the industrial products company’s stock valued at $10,873,000 after purchasing an additional 9,795 shares during the last quarter. Finally, Sagespring Wealth Partners LLC purchased a new stake in Rockwell Automation during the 1st quarter valued at $202,000. 75.75% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have commented on ROK shares. KeyCorp increased their target price on Rockwell Automation from $370.00 to $380.00 and gave the company an “overweight” rating in a research note on Thursday, August 7th. Stephens reiterated an “overweight” rating and set a $375.00 target price (up from $350.00) on shares of Rockwell Automation in a research note on Wednesday, July 16th. Citigroup reissued a “buy” rating on shares of Rockwell Automation in a report on Thursday, October 9th. Wall Street Zen upgraded shares of Rockwell Automation from a “hold” rating to a “buy” rating in a report on Sunday, September 21st. Finally, Barclays raised their target price on shares of Rockwell Automation from $357.00 to $370.00 and gave the stock an “overweight” rating in a report on Thursday, August 14th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $347.94.

Insider Buying and Selling at Rockwell Automation

In other Rockwell Automation news, Director James P. Keane sold 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 26th. The shares were sold at an average price of $356.06, for a total transaction of $1,068,180.00. Following the completion of the sale, the director directly owned 9,192 shares of the company’s stock, valued at approximately $3,272,903.52. This represents a 24.61% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Blake D. Moret sold 24,400 shares of the company’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 transaction of $8,543,172.00. Following the sale, the chief executive officer directly owned 83,873 shares of the company’s stock, valued at approximately $29,366,453.49. This represents a 22.54% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 29,553 shares of company stock valued at $10,361,079 in the last ninety days. Corporate insiders own 0.68% of the company’s stock.

Rockwell Automation Trading Down 1.2%

Shares of ROK stock opened at $347.79 on Friday. Rockwell Automation, Inc. has a 12-month low of $215.00 and a 12-month high of $360.92. The stock has a market capitalization of $39.10 billion, a P/E ratio of 40.82, a P/E/G ratio of 3.17 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. The firm’s 50 day moving average is $344.29 and its 200 day moving average is $316.66.

Rockwell Automation (NYSE:ROK) last announced its earnings results on Wednesday, August 6th. The industrial products company reported $2.82 EPS for the quarter, beating analysts’ consensus estimates of $2.67 by $0.15. Rockwell Automation had a net margin of 12.03% and a return on equity of 30.14%. The business had revenue of $2.14 billion during the quarter, compared to analysts’ expectations of $2.07 billion. During the same period in the prior year, the company earned $2.71 earnings per share. The firm’s revenue was up 4.5% on a year-over-year basis. Research analysts expect that Rockwell Automation, Inc. will post 9.35 earnings per share for the current year.

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.