Terra Alpha Investments LLC Sells 84 Shares of Rockwell Automation, Inc. $ROK

Terra Alpha Investments LLC lowered its position in Rockwell Automation, Inc. (NYSE:ROK) by 1.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,722 shares of the industrial products company’s stock after selling 84 shares during the quarter. Rockwell Automation makes up about 2.0% of Terra Alpha Investments LLC’s portfolio, making the stock its 21st biggest position. Terra Alpha Investments LLC’s holdings in Rockwell Automation were worth $1,901,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Howe & Rusling Inc. lifted its holdings in shares of Rockwell Automation by 4.9% during the 1st quarter. Howe & Rusling Inc. now owns 794 shares of the industrial products company’s stock valued at $205,000 after purchasing an additional 37 shares during the last quarter. IFP Advisors Inc raised its stake in Rockwell Automation by 2.7% in the 2nd quarter. IFP Advisors Inc now owns 1,427 shares of the industrial products company’s stock worth $476,000 after acquiring an additional 37 shares during the last quarter. Allspring Global Investments Holdings LLC raised its stake in Rockwell Automation by 0.8% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 5,652 shares of the industrial products company’s stock worth $1,462,000 after acquiring an additional 43 shares during the last quarter. Wealthfront Advisers LLC raised its stake in Rockwell Automation by 0.6% in the 1st quarter. Wealthfront Advisers LLC now owns 7,708 shares of the industrial products company’s stock worth $1,992,000 after acquiring an additional 43 shares during the last quarter. Finally, Koshinski Asset Management Inc. raised its stake in Rockwell Automation by 1.1% in the 1st quarter. Koshinski Asset Management Inc. now owns 4,097 shares of the industrial products company’s stock worth $1,059,000 after acquiring an additional 46 shares during the last quarter. Institutional investors own 75.75% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Blake D. Moret sold 24,400 shares of the firm’s stock in a transaction dated 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 directly owned 83,873 shares in the company, valued at $29,366,453.49. This trade represents a 22.54% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Isaac Woods sold 250 shares of the firm’s stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $350.00, for a total value of $87,500.00. Following the sale, the vice president owned 1,662 shares in the company, valued at $581,700. This trade represents a 13.08% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 29,553 shares of company stock valued at $10,361,079 over the last quarter. Insiders own 0.68% of the company’s stock.

Rockwell Automation Price Performance

Shares of ROK opened at $354.07 on Wednesday. The business’s 50-day moving average is $345.31 and its two-hundred day moving average is $319.34. The company has a market capitalization of $39.81 billion, a P/E ratio of 41.56, a P/E/G ratio of 3.16 and a beta of 1.41. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.72 and a current ratio of 1.06. Rockwell Automation, Inc. has a fifty-two week low of $215.00 and a fifty-two week high of $360.92.

Rockwell Automation (NYSE:ROK) last announced its quarterly 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 company had revenue of $2.14 billion for the quarter, compared to the consensus estimate of $2.07 billion. During the same period last year, the firm earned $2.71 EPS. The firm’s revenue for the quarter was up 4.5% compared to the same quarter last year. Research analysts predict that Rockwell Automation, Inc. will post 9.35 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on ROK shares. Weiss Ratings restated a “buy (b-)” rating on shares of Rockwell Automation in a research note on Wednesday, October 8th. JPMorgan Chase & Co. raised their target price on Rockwell Automation from $320.00 to $357.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 15th. 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. KeyCorp raised their target price on Rockwell Automation from $370.00 to $380.00 and gave the stock an “overweight” rating in a research note on Thursday, August 7th. Finally, Barclays increased their price target on Rockwell Automation from $357.00 to $370.00 and gave the stock an “overweight” rating in a research report on Thursday, August 14th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $347.94.

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.