1,215 Shares in Rockwell Automation, Inc. $ROK Bought by Cornerstone Wealth Group LLC

Cornerstone Wealth Group LLC purchased a new position in Rockwell Automation, Inc. (NYSE:ROK - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,215 shares of the industrial products company's stock, valued at approximately $404,000.

A number of other hedge funds also recently modified their holdings of the stock. Sequoia Financial Advisors LLC increased its position in shares of Rockwell Automation by 15.0% in the second quarter. Sequoia Financial Advisors LLC now owns 5,435 shares of the industrial products company's stock worth $1,806,000 after purchasing an additional 710 shares during the period. MGO One Seven LLC bought a new position in shares of Rockwell Automation in the second quarter worth $226,000. Almanack Investment Partners LLC. bought a new position in shares of Rockwell Automation in the second quarter worth $363,000. CWM LLC boosted its stake in Rockwell Automation by 17.5% in the second quarter. CWM LLC now owns 2,764 shares of the industrial products company's stock valued at $918,000 after buying an additional 411 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC boosted its stake in Rockwell Automation by 8.1% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 14,748 shares of the industrial products company's stock valued at $4,919,000 after buying an additional 1,101 shares in the last quarter. Institutional investors own 75.75% of the company's stock.

Insider Buying and Selling

In related news, SVP Cyril Perducat sold 1,435 shares of Rockwell Automation stock in a transaction that occurred on Friday, August 29th. The stock was sold at an average price of $348.08, for a total value of $499,494.80. Following the transaction, the senior vice president directly owned 3,787 shares of the company's stock, valued at $1,318,178.96. The trade was a 27.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director James P. Keane sold 3,000 shares of Rockwell Automation stock in a transaction that occurred on Tuesday, August 26th. The stock was sold at an average price of $356.06, for a total value of $1,068,180.00. Following the completion of the transaction, the director directly owned 9,192 shares in the company, valued at approximately $3,272,903.52. This represents a 24.61% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 29,822 shares of company stock valued at $10,456,644 over the last 90 days. 0.68% of the stock is currently owned by corporate insiders.

Rockwell Automation Stock Performance

Shares of ROK stock opened at $344.20 on Wednesday. The business's 50-day moving average price is $343.52 and its 200-day moving average price is $315.80. Rockwell Automation, Inc. has a 12 month low of $215.00 and a 12 month high of $360.92. The firm has a market capitalization of $38.70 billion, a price-to-earnings ratio of 40.40, a PEG ratio of 3.05 and a beta of 1.41. 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 - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The industrial products company reported $2.82 EPS for the quarter, beating analysts' consensus estimates of $2.67 by $0.15. The firm had revenue of $2.14 billion for the quarter, compared to analyst estimates 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 last year, the firm posted $2.71 earnings per share. Equities research analysts forecast that Rockwell Automation, Inc. will post 9.35 EPS for the current year.

Analysts Set New Price Targets

ROK has been the topic of several research analyst reports. Barclays raised their price objective on Rockwell Automation from $357.00 to $370.00 and gave the company an "overweight" rating in a research note on Thursday, August 14th. Wall Street Zen raised Rockwell Automation from a "hold" rating to a "buy" rating in a research note on Sunday, September 21st. CICC Research initiated coverage on Rockwell Automation in a research note on Monday, July 7th. They issued an "outperform" rating and a $381.00 price objective on the stock. Stephens reaffirmed an "overweight" rating and issued a $375.00 price objective (up from $350.00) on shares of Rockwell Automation in a research note on Wednesday, July 16th. Finally, Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Rockwell Automation in a research note on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $340.79.

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.

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