Ethic Inc. Has $5.51 Million Stake in Rockwell Automation, Inc. $ROK

Ethic Inc. grew its holdings in Rockwell Automation, Inc. (NYSE:ROK) by 19.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 16,706 shares of the industrial products company’s stock after buying an additional 2,763 shares during the period. Ethic Inc.’s holdings in Rockwell Automation were worth $5,512,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in ROK. Citizens National Bank Trust Department acquired a new stake in Rockwell Automation during the 1st quarter worth approximately $26,000. Financial Gravity Asset Management Inc. acquired a new stake in Rockwell Automation during the 1st quarter worth approximately $31,000. IMA Advisory Services Inc. acquired a new position in Rockwell Automation in the 1st quarter valued at $32,000. Cooksen Wealth LLC acquired a new position in Rockwell Automation in the 1st quarter valued at $34,000. Finally, Legend Financial Advisors Inc. acquired a new position in Rockwell Automation in the 2nd quarter valued at $39,000. 75.75% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Rockwell Automation news, CEO Blake D. Moret sold 24,400 shares of the company’s stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of $350.13, for a total value of $8,543,172.00. Following the sale, the chief executive officer owned 83,873 shares in the company, valued at approximately $29,366,453.49. The trade was a 22.54% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Cyril Perducat sold 1,435 shares of the company’s stock in a transaction dated Friday, August 29th. The shares were sold at an average price of $348.08, for a total value of $499,494.80. Following the completion of the sale, the senior vice president owned 3,787 shares in the company, valued at $1,318,178.96. This trade represents a 27.48% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 29,553 shares of company stock worth $10,361,079. Corporate insiders own 0.68% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. CICC Research assumed coverage on Rockwell Automation in a report on Monday, July 7th. They issued an “outperform” rating and a $381.00 price objective for the company. Oppenheimer lifted their price objective on Rockwell Automation from $363.00 to $365.00 and gave the company an “outperform” rating in a report on Tuesday, October 14th. Citigroup reaffirmed a “buy” rating on shares of Rockwell Automation in a report on Thursday, October 9th. Wall Street Zen raised Rockwell Automation from a “hold” rating to a “buy” rating in a report on Sunday, September 21st. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Rockwell Automation in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Rockwell Automation has a consensus rating of “Moderate Buy” and a consensus price target of $347.94.

Rockwell Automation Trading Down 1.1%

Shares of ROK stock opened at $350.22 on Thursday. The firm has a market capitalization of $39.38 billion, a P/E ratio of 41.11, a P/E/G ratio of 3.18 and a beta of 1.41. Rockwell Automation, Inc. has a twelve month low of $215.00 and a twelve 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 stock’s fifty day simple moving average is $345.33 and its 200 day simple moving average is $319.55.

Rockwell Automation (NYSE:ROK) last issued its quarterly earnings data on Wednesday, August 6th. The industrial products company reported $2.82 earnings per share for the quarter, topping analysts’ consensus estimates of $2.67 by $0.15. The business had revenue of $2.14 billion for 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 quarterly revenue was up 4.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.71 EPS. As a group, sell-side analysts predict that Rockwell Automation, Inc. will post 9.35 EPS for the current fiscal 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.