286,624 Shares in Rockwell Automation, Inc. $ROK Bought by Great Lakes Advisors LLC

Key Points

• Great Lakes Advisors LLC has acquired 286,624 shares of Rockwell Automation, Inc. valued at approximately $73.9 million, representing a 0.25% ownership stake.
• Recent analyst reports have set price targets for Rockwell Automation, with Wells Fargo setting a target of $345, while Citigroup raised its target to $392 and maintained a "buy" rating.
• Rockwell Automation reported earnings of $2.82 per share, exceeding expectations and showing a year-over-year revenue increase of 4.5% to $2.14 billion.

Great Lakes Advisors LLC purchased a new position in shares of Rockwell Automation, Inc. (NYSE:ROK - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 286,624 shares of the industrial products company's stock, valued at approximately $73,908,000. Great Lakes Advisors LLC owned approximately 0.25% of Rockwell Automation as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ROK. Bank Pictet & Cie Europe AG boosted its stake in shares of Rockwell Automation by 0.9% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 4,195 shares of the industrial products company's stock worth $1,199,000 after purchasing an additional 38 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its stake in shares of Rockwell Automation by 0.8% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 5,652 shares of the industrial products company's stock worth $1,462,000 after purchasing an additional 43 shares during the last quarter. Wealthfront Advisers LLC boosted its stake in shares of Rockwell Automation by 0.6% during the 1st quarter. Wealthfront Advisers LLC now owns 7,708 shares of the industrial products company's stock worth $1,992,000 after purchasing an additional 43 shares during the last quarter. Kelly Financial Services LLC boosted its stake in shares of Rockwell Automation by 4.4% during the 1st quarter. Kelly Financial Services LLC now owns 1,096 shares of the industrial products company's stock worth $283,000 after purchasing an additional 46 shares during the last quarter. Finally, Koshinski Asset Management Inc. boosted its stake in shares of Rockwell Automation by 1.1% during the 1st quarter. Koshinski Asset Management Inc. now owns 4,097 shares of the industrial products company's stock worth $1,059,000 after purchasing an additional 46 shares during the last quarter. Institutional investors and hedge funds own 75.75% of the company's stock.

Insider Buying and Selling at Rockwell Automation

In other news, CEO Blake D. Moret sold 24,400 shares of the business's stock in a transaction on Thursday, September 11th. The shares were sold at an average price of $350.13, for a total transaction of $8,543,172.00. Following the transaction, the chief executive officer directly owned 83,873 shares of the company's stock, valued at approximately $29,366,453.49. The trade was a 22.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Terry L. Riesterer sold 2,100 shares of the business's stock in a transaction on Tuesday, July 15th. The stock was sold at an average price of $350.08, for a total transaction of $735,168.00. Following the transaction, the vice president directly owned 1,033 shares in the company, valued at approximately $361,632.64. The trade was a 67.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 31,922 shares of company stock valued at $11,191,812. 0.68% of the stock is owned by company insiders.

Rockwell Automation Trading Down 1.6%

ROK stock traded down $5.57 during midday trading on Friday, reaching $344.97. 545,729 shares of the company's stock traded hands, compared to its average volume of 762,274. The company has a market capitalization of $38.79 billion, a P/E ratio of 40.49, a PEG ratio of 3.66 and a beta of 1.41. 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, Inc. has a fifty-two week low of $215.00 and a fifty-two week high of $360.92. The business has a 50-day moving average price of $345.69 and a two-hundred day moving average price of $303.90.

Rockwell Automation (NYSE:ROK - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The industrial products company reported $2.82 earnings per share 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 analysts' expectations of $2.07 billion. Rockwell Automation had a net margin of 12.03% and a return on equity of 30.14%. Rockwell Automation's revenue was up 4.5% compared to the same quarter last year. During the same period in the previous year, the company posted $2.71 earnings per share. Equities research analysts forecast that Rockwell Automation, Inc. will post 9.35 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms recently issued reports on ROK. Stephens reissued an "overweight" rating and issued a $375.00 target price (up from $350.00) on shares of Rockwell Automation in a research report on Wednesday, July 16th. Barclays raised their target price on shares of Rockwell Automation from $357.00 to $370.00 and gave the stock an "overweight" rating in a research report on Thursday, August 14th. Citigroup reissued a "buy" rating and issued a $392.00 target price (up from $371.00) on shares of Rockwell Automation in a research report on Monday, July 14th. KeyCorp raised their target price on shares of Rockwell Automation from $370.00 to $380.00 and gave the stock an "overweight" rating in a research report on Thursday, August 7th. Finally, Bank of America raised shares of Rockwell Automation from a "neutral" rating to a "buy" rating and raised their target price for the stock from $360.00 to $410.00 in a research report on Wednesday, July 16th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $340.16.

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.