1,012 Shares in Rockwell Automation, Inc. $ROK Purchased by GC Wealth Management RIA LLC

Key Points

• GC Wealth Management RIA LLC purchased 1,012 shares of Rockwell Automation, Inc. for about $336,000, adding to the significant institutional ownership which currently stands at 75.75%.
• Research analysts are generally optimistic about Rockwell Automation, with 1 "Strong Buy" rating, 11 "Buy" ratings, 6 "Hold" ratings, and 1 "Sell" rating, resulting in an average rating of "Moderate Buy" and a consensus target price of $340.16.
• In the most recent quarter, Rockwell Automation reported an earnings per share (EPS) of $2.82, exceeding analysts' estimates and achieving year-over-year revenue growth of 4.5%.

GC Wealth Management RIA LLC acquired a new position in shares of Rockwell Automation, Inc. (NYSE:ROK - Free Report) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 1,012 shares of the industrial products company's stock, valued at approximately $336,000.

Other large investors have also recently bought and sold shares of the company. Citizens National Bank Trust Department acquired a new stake in Rockwell Automation during the first quarter worth about $26,000. Financial Gravity Asset Management Inc. acquired a new stake in Rockwell Automation during the first quarter worth about $31,000. IMA Advisory Services Inc. acquired a new stake in Rockwell Automation during the first quarter worth about $32,000. Cooksen Wealth LLC acquired a new stake in Rockwell Automation during the first quarter worth about $34,000. Finally, Legend Financial Advisors Inc. acquired a new stake in Rockwell Automation during the second quarter worth about $39,000. 75.75% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on ROK shares. CICC Research started coverage on shares of Rockwell Automation in a research note on Monday, July 7th. They set an "outperform" rating and a $381.00 price objective on the stock. KeyCorp increased their target price on shares of Rockwell Automation from $370.00 to $380.00 and gave the stock an "overweight" rating in a report on Thursday, August 7th. Citigroup reissued a "buy" rating and issued a $392.00 target price (up previously from $371.00) on shares of Rockwell Automation in a report on Monday, July 14th. Wells Fargo & Company set a $345.00 target price on shares of Rockwell Automation and gave the stock an "equal weight" rating in a report on Friday, August 8th. Finally, Stephens reissued an "overweight" rating and issued a $375.00 target price (up previously from $350.00) on shares of Rockwell Automation in a report on Wednesday, July 16th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $340.16.

Rockwell Automation Stock Down 0.0%

Shares of NYSE ROK opened at $349.41 on Thursday. The company has a 50 day simple moving average of $344.97 and a 200 day simple moving average of $310.42. The firm has a market cap of $39.28 billion, a PE ratio of 41.01, a price-to-earnings-growth ratio of 3.65 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 company has a debt-to-equity ratio of 0.72, a current ratio of 1.06 and a quick ratio of 0.72.

Rockwell Automation (NYSE:ROK - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The industrial products company reported $2.82 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.67 by $0.15. The business had revenue of $2.14 billion during the quarter, compared to analyst estimates of $2.07 billion. Rockwell Automation had a net margin of 12.03% and a return on equity of 30.14%. The firm's quarterly revenue was up 4.5% on a year-over-year basis. During the same quarter last year, the business earned $2.71 EPS. On average, research analysts forecast that Rockwell Automation, Inc. will post 9.35 EPS for the current year.

Insider Buying and Selling at Rockwell Automation

In other Rockwell Automation news, SVP Cyril Perducat sold 1,435 shares of the stock in a transaction that occurred on Friday, August 29th. The shares were 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 approximately $1,318,178.96. This represents a 27.48% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director James P. Keane sold 3,000 shares of the stock in a transaction that occurred on Tuesday, August 26th. The shares were sold at an average price of $356.06, for a total transaction of $1,068,180.00. Following the sale, the director directly owned 9,192 shares of the company's stock, valued at $3,272,903.52. This represents a 24.61% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 31,922 shares of company stock worth $11,191,812. Company insiders own 0.68% of the company's stock.

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.

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