FNY Investment Advisers LLC Sells 115 Shares of Rockwell Automation, Inc. $ROK

FNY Investment Advisers LLC lessened its holdings in Rockwell Automation, Inc. (NYSE:ROK) by 43.9% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 147 shares of the industrial products company’s stock after selling 115 shares during the quarter. FNY Investment Advisers LLC’s holdings in Rockwell Automation were worth $48,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also made changes to their positions in ROK. Citizens National Bank Trust Department purchased a new stake in shares of Rockwell Automation in the 1st quarter worth $26,000. Financial Gravity Asset Management Inc. purchased a new stake in shares of Rockwell Automation in the 1st quarter worth $31,000. IMA Advisory Services Inc. purchased a new stake in shares of Rockwell Automation in the 1st quarter worth $32,000. Cooksen Wealth LLC purchased a new stake in shares of Rockwell Automation in the 1st quarter worth $34,000. Finally, Legend Financial Advisors Inc. purchased a new stake in shares of Rockwell Automation in the 2nd quarter worth $39,000. 75.75% of the stock is currently owned by hedge funds and other institutional investors.

Rockwell Automation Trading Up 1.9%

Shares of NYSE ROK opened at $356.97 on Friday. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.06 and a quick ratio of 0.72. The stock has a market capitalization of $40.13 billion, a P/E ratio of 41.90, a price-to-earnings-growth ratio of 3.14 and a beta of 1.41. Rockwell Automation, Inc. has a 1-year low of $215.00 and a 1-year high of $360.92. The business has a fifty day moving average price of $345.52 and a 200 day moving average price of $320.44.

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 firm had revenue of $2.14 billion during the quarter, compared to analysts’ expectations of $2.07 billion. Rockwell Automation had a return on equity of 30.14% and a net margin of 12.03%.The firm’s quarterly revenue was up 4.5% on a year-over-year basis. During the same period in the prior year, the business posted $2.71 EPS. Equities research analysts expect that Rockwell Automation, Inc. will post 9.35 EPS for the current fiscal year.

Insiders Place Their Bets

In other Rockwell Automation news, SVP Cyril Perducat sold 1,435 shares of the stock in a transaction dated Friday, August 29th. The stock was 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 directly owned 3,787 shares in the company, valued at approximately $1,318,178.96. This trade represents a 27.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Isaac Woods sold 250 shares of the 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 completion of the sale, the vice president owned 1,662 shares of the company’s stock, valued at approximately $581,700. This trade represents a 13.08% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 29,553 shares of company stock valued at $10,361,079. 0.68% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

ROK has been the subject of several research reports. KeyCorp upped their target price on Rockwell Automation from $370.00 to $380.00 and gave the stock an “overweight” rating in a report on Thursday, August 7th. Wells Fargo & Company upped their target price on Rockwell Automation from $345.00 to $355.00 and gave the stock an “equal weight” rating in a report on Monday, October 6th. Wall Street Zen upgraded Rockwell Automation from a “hold” rating to a “buy” rating in a report on Sunday, September 21st. Bank of America upgraded Rockwell Automation from a “neutral” rating to a “buy” rating and upped their target price for the stock from $360.00 to $410.00 in a report on Wednesday, July 16th. Finally, CICC Research initiated coverage on Rockwell Automation in a research note on Monday, July 7th. They set an “outperform” rating and a $381.00 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average 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.