3,083 Shares in Rockwell Automation, Inc. $ROK Acquired by Alpha Wealth Funds LLC

Key Points

• Alpha Wealth Funds LLC acquired 3,083 shares of Rockwell Automation, valued at approximately $1,018,000, making it the fund's 14th largest holding.
• Rockwell Automation reported $2.82 earnings per share for the last quarter, surpassing analysts' expectations of $2.67, with revenue of $2.14 billion.
• Stock analysts have a consensus rating of "Moderate Buy" for Rockwell Automation, with various price targets increased, notably by Bank of America from $360.00 to $410.00.

Alpha Wealth Funds LLC bought a new position in shares of Rockwell Automation, Inc. (NYSE:ROK - Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 3,083 shares of the industrial products company's stock, valued at approximately $1,018,000. Rockwell Automation accounts for about 0.9% of Alpha Wealth Funds LLC's holdings, making the stock its 14th largest holding.

A number of other large investors have also recently made changes to their positions in the company. Signature Estate & Investment Advisors LLC acquired a new position in Rockwell Automation in the second quarter valued at approximately $233,000. Hoese & Co LLP acquired a new position in Rockwell Automation in the second quarter valued at approximately $75,000. Chevy Chase Trust Holdings LLC boosted its holdings in Rockwell Automation by 0.4% in the second quarter. Chevy Chase Trust Holdings LLC now owns 60,095 shares of the industrial products company's stock valued at $19,962,000 after purchasing an additional 219 shares in the last quarter. Values First Advisors Inc. acquired a new position in Rockwell Automation in the second quarter valued at approximately $202,000. Finally, Nordea Investment Management AB boosted its holdings in Rockwell Automation by 1.7% in the second quarter. Nordea Investment Management AB now owns 459,480 shares of the industrial products company's stock valued at $151,794,000 after purchasing an additional 7,485 shares in the last quarter. 75.75% of the stock is currently owned by hedge funds and other institutional investors.

Rockwell Automation Stock Performance

Shares of ROK opened at $347.19 on Friday. The company has a current ratio of 1.06, a quick ratio of 0.72 and a debt-to-equity ratio of 0.72. The firm has a market cap of $39.03 billion, a PE ratio of 40.75, a price-to-earnings-growth ratio of 3.12 and a beta of 1.41. The company's 50 day simple moving average is $344.56 and its 200-day simple moving average is $317.67. Rockwell Automation, Inc. has a 12-month low of $215.00 and a 12-month high of $360.92.

Rockwell Automation (NYSE:ROK - Get Free Report) last announced its earnings results on Wednesday, August 6th. The industrial products company reported $2.82 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.67 by $0.15. The business had revenue of $2.14 billion for 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 company's revenue for the quarter was up 4.5% compared to the same quarter last year. During the same period last year, the firm posted $2.71 earnings per share. As a group, equities analysts predict that Rockwell Automation, Inc. will post 9.35 EPS for the current year.

Insider Buying and Selling

In related news, SVP Cyril Perducat sold 1,435 shares of the stock in a transaction on Friday, August 29th. The stock was 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 directly owned 3,787 shares of the company's stock, valued at $1,318,178.96. This trade represents a 27.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Isaac Woods sold 250 shares of the stock in a transaction on 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 approximately $581,700. This represents a 13.08% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 29,553 shares of company stock valued at $10,361,079 in the last ninety days. Company insiders own 0.68% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Wells Fargo & Company upped their price target on Rockwell Automation from $345.00 to $355.00 and gave the company an "equal weight" rating in a report on Monday, October 6th. Bank of America raised Rockwell Automation from a "neutral" rating to a "buy" rating and upped their price target for the company from $360.00 to $410.00 in a report on Wednesday, July 16th. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Rockwell Automation in a report on Wednesday, October 8th. Barclays upped their price target on Rockwell Automation from $357.00 to $370.00 and gave the company an "overweight" rating in a report on Thursday, August 14th. Finally, Wall Street Zen raised Rockwell Automation from a "hold" rating to a "buy" rating in a report on Sunday, September 21st. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently 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.

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