Rockwell Automation, Inc. $ROK Shares Sold by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC trimmed its holdings in shares of Rockwell Automation, Inc. (NYSE:ROK) by 2.6% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 28,471 shares of the industrial products company’s stock after selling 757 shares during the period. Nisa Investment Advisors LLC’s holdings in Rockwell Automation were worth $9,457,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of ROK. Brighton Jones LLC acquired a new position in shares of Rockwell Automation during the fourth quarter valued at $281,000. GAMMA Investing LLC increased its holdings in shares of Rockwell Automation by 15.9% during the first 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 period. Sequoia Financial Advisors LLC increased its holdings in shares of Rockwell Automation by 1.8% during the first quarter. Sequoia Financial Advisors LLC now owns 4,725 shares of the industrial products company’s stock valued at $1,221,000 after purchasing an additional 83 shares during the period. Allspring Global Investments Holdings LLC increased its holdings in shares of Rockwell Automation by 0.8% during the first quarter. Allspring Global Investments Holdings LLC now owns 5,652 shares of the industrial products company’s stock valued at $1,462,000 after purchasing an additional 43 shares during the period. Finally, Confluence Wealth Services Inc. acquired a new position in shares of Rockwell Automation during the first quarter valued at $285,000. 75.75% of the stock is owned by institutional investors and hedge funds.

Rockwell Automation Trading Up 1.4%

NYSE:ROK opened at $361.52 on Tuesday. The stock has a fifty day simple moving average of $346.18 and a 200 day simple moving average of $323.52. The firm has a market capitalization of $40.65 billion, a price-to-earnings ratio of 42.43, a price-to-earnings-growth ratio of 3.20 and a beta of 1.41. The company has a quick ratio of 0.72, a current ratio of 1.06 and a debt-to-equity ratio of 0.72. Rockwell Automation, Inc. has a 1-year low of $215.00 and a 1-year high of $364.54.

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

Insiders Place Their Bets

In related 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 of the company’s stock, valued at approximately $1,318,178.96. This represents a 27.48% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Isaac Woods sold 250 shares of the firm’s stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of $350.00, for a total value of $87,500.00. Following the sale, the vice president directly owned 1,662 shares of the company’s stock, 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 sold a total of 29,553 shares of company stock valued at $10,361,079 in the last 90 days. Insiders own 0.68% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on ROK shares. Stephens reissued an “overweight” rating and set a $375.00 price target (up from $350.00) on shares of Rockwell Automation in a report on Wednesday, July 16th. Wall Street Zen raised Rockwell Automation from a “hold” rating to a “buy” rating in a research note on Sunday, September 21st. KeyCorp raised 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. CICC Research started coverage on Rockwell Automation in a research note on Monday, July 7th. They set an “outperform” rating and a $381.00 target price for the company. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Rockwell Automation in a research note on Wednesday, October 8th. One research 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 issued a Sell rating to the stock. According to MarketBeat, Rockwell Automation has an average rating of “Moderate Buy” and a consensus price target of $347.94.

Rockwell Automation 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.