Rockwell Automation, Inc. $ROK Shares Sold by International Assets Investment Management LLC

International Assets Investment Management LLC cut its holdings in Rockwell Automation, Inc. (NYSE:ROK) by 30.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,129 shares of the industrial products company’s stock after selling 487 shares during the period. International Assets Investment Management LLC’s holdings in Rockwell Automation were worth $375,000 at the end of the most recent reporting period.

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

Rockwell Automation Price Performance

ROK stock opened at $350.22 on Thursday. The company has a market capitalization of $39.38 billion, a P/E ratio of 41.11, a PEG 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 business has a 50 day simple moving average of $345.33 and a 200-day simple moving average of $319.55. The company has a current ratio of 1.06, a quick ratio of 0.72 and a debt-to-equity ratio of 0.72.

Rockwell Automation (NYSE:ROK) last issued its quarterly earnings results 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 firm had revenue of $2.14 billion during the quarter, compared to analysts’ expectations of $2.07 billion. Rockwell Automation had a net margin of 12.03% and a return on equity of 30.14%. Rockwell Automation’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.71 EPS. As a group, equities analysts anticipate that Rockwell Automation, Inc. will post 9.35 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on ROK shares. Bank of America upgraded shares of Rockwell Automation from a “neutral” rating to a “buy” rating and increased their target price for the stock from $360.00 to $410.00 in a report on Wednesday, July 16th. KeyCorp increased their price target on Rockwell Automation from $370.00 to $380.00 and gave the company an “overweight” rating in a research report on Thursday, August 7th. CICC Research assumed coverage on Rockwell Automation in a research report on Monday, July 7th. They set an “outperform” rating and a $381.00 price objective for the company. Oppenheimer lifted their price target on shares of Rockwell Automation from $363.00 to $365.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 14th. Finally, Citigroup reissued a “buy” rating on shares of Rockwell Automation in a research report on Thursday, October 9th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Rockwell Automation presently has a consensus rating of “Moderate Buy” and a consensus price target of $347.94.

Insider Buying and Selling

In related news, CEO Blake D. Moret sold 24,400 shares of the stock in a transaction 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 completion of the sale, the chief executive officer directly owned 83,873 shares of the company’s stock, valued at $29,366,453.49. This trade represents a 22.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Cyril Perducat sold 1,435 shares of the firm’s stock in a transaction on Friday, August 29th. The stock was sold at an average price of $348.08, for a total transaction of $499,494.80. Following the completion of the sale, the senior vice president owned 3,787 shares of the company’s stock, 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. Insiders sold a total of 29,553 shares of company stock valued at $10,361,079 over the last 90 days. Insiders own 0.68% of the company’s stock.

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.