Mutual Advisors LLC Decreases Stock Position in Rockwell Automation, Inc. $ROK

Mutual Advisors LLC decreased its holdings in Rockwell Automation, Inc. (NYSE:ROK) by 7.2% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,197 shares of the industrial products company’s stock after selling 170 shares during the period. Mutual Advisors LLC’s holdings in Rockwell Automation were worth $788,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of ROK. Robeco Institutional Asset Management B.V. increased its stake in Rockwell Automation by 720.8% in the second quarter. Robeco Institutional Asset Management B.V. now owns 399,309 shares of the industrial products company’s stock worth $132,638,000 after purchasing an additional 350,662 shares during the period. Great Lakes Advisors LLC purchased a new position in shares of Rockwell Automation during the first quarter valued at $73,908,000. Nuveen LLC purchased a new position in shares of Rockwell Automation during the first quarter valued at $63,632,000. Raymond James Financial Inc. increased its stake in shares of Rockwell Automation by 213.7% during the first quarter. Raymond James Financial Inc. now owns 357,080 shares of the industrial products company’s stock valued at $92,263,000 after buying an additional 243,249 shares during the period. Finally, Assenagon Asset Management S.A. increased its stake in shares of Rockwell Automation by 1,950.4% during the second quarter. Assenagon Asset Management S.A. now owns 202,788 shares of the industrial products company’s stock valued at $67,360,000 after buying an additional 192,898 shares during the period. Hedge funds and other institutional investors own 75.75% of the company’s stock.

Insiders Place Their Bets

In other Rockwell Automation news, SVP Cyril Perducat sold 1,435 shares of the firm’s 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 owned 3,787 shares of the company’s stock, valued at approximately $1,318,178.96. This trade represents a 27.48% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 completion of the sale, the vice president directly owned 1,662 shares of the company’s stock, valued at approximately $581,700. This represents a 13.08% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 29,553 shares of company stock worth $10,361,079 in the last three months. Insiders own 0.68% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. CICC Research assumed coverage on Rockwell Automation in a research note on Monday, July 7th. They set an “outperform” rating and a $381.00 price target on the stock. KeyCorp raised their price target on Rockwell Automation from $370.00 to $380.00 and gave the company an “overweight” rating in a research note on Thursday, August 7th. Barclays raised their price target on Rockwell Automation from $357.00 to $370.00 and gave the company an “overweight” rating in a research note on Thursday, August 14th. Citigroup reaffirmed a “buy” rating on shares of Rockwell Automation in a research report on Thursday, October 9th. Finally, Wells Fargo & Company raised their price objective on Rockwell Automation from $345.00 to $355.00 and gave the company an “equal weight” rating in a research report on Monday, October 6th. 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 assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $347.94.

Rockwell Automation Price Performance

Shares of ROK stock opened at $347.19 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 company has a market cap of $39.03 billion, a P/E ratio of 40.75, a PEG ratio of 3.12 and a beta of 1.41. The stock’s 50-day moving average is $344.56 and its 200 day moving average is $317.67. Rockwell Automation, Inc. has a 1-year low of $215.00 and a 1-year high of $360.92.

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 the consensus estimate of $2.67 by $0.15. The business 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 company’s quarterly revenue was up 4.5% on a year-over-year basis. During the same quarter last year, the company earned $2.71 earnings per share. Research analysts predict that Rockwell Automation, Inc. will post 9.35 earnings per share for the current fiscal year.

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.