Aberdeen Group plc Has $33.20 Million Holdings in Rockwell Automation, Inc. $ROK

Key Points

• Aberdeen Group plc increased its holdings in Rockwell Automation by 6.3%, now owning approximately 0.09% of the company, valued at $33.20 million.
• Rockwell Automation reported a $2.82 EPS for the last quarter, exceeding estimates, and achieved a 4.5% annual revenue growth, with quarterly revenue reaching $2.14 billion.
• Several analysts upgraded their price targets for Rockwell Automation, with Bank of America raising its target from $360 to $410, reflecting positive sentiment towards the stock.

Aberdeen Group plc boosted its position in Rockwell Automation, Inc. (NYSE:ROK - Free Report) by 6.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 99,946 shares of the industrial products company's stock after buying an additional 5,921 shares during the period. Aberdeen Group plc owned approximately 0.09% of Rockwell Automation worth $33,199,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of ROK. Brighton Jones LLC acquired a new position in shares of Rockwell Automation in the 4th quarter valued at about $281,000. Farther Finance Advisors LLC lifted its stake in Rockwell Automation by 122.6% in the first quarter. Farther Finance Advisors LLC now owns 2,291 shares of the industrial products company's stock valued at $593,000 after buying an additional 1,262 shares during the period. GAMMA Investing LLC lifted its stake in Rockwell Automation by 15.9% in the first quarter. GAMMA Investing LLC now owns 2,720 shares of the industrial products company's stock valued at $703,000 after buying an additional 373 shares during the period. SG Americas Securities LLC boosted its holdings in shares of Rockwell Automation by 104.7% during the 1st quarter. SG Americas Securities LLC now owns 5,190 shares of the industrial products company's stock worth $1,341,000 after buying an additional 2,655 shares in the last quarter. Finally, CX Institutional acquired a new stake in shares of Rockwell Automation during the 1st quarter worth approximately $161,000. 75.75% of the stock is currently owned by institutional investors and hedge funds.

Rockwell Automation Price Performance

ROK stock opened at $333.79 on Monday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.72 and a current ratio of 1.06. The business has a 50-day simple moving average of $343.79 and a two-hundred day simple moving average of $315.04. The company has a market capitalization of $37.53 billion, a P/E ratio of 39.18, a price-to-earnings-growth ratio of 2.98 and a beta of 1.41. Rockwell Automation, Inc. has a 52-week low of $215.00 and a 52-week high of $360.92.

Rockwell Automation (NYSE:ROK - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The industrial products company reported $2.82 EPS for the quarter, topping the consensus estimate of $2.67 by $0.15. The firm 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% compared to the same quarter last year. During the same period in the prior year, the business posted $2.71 earnings per share. Research analysts expect that Rockwell Automation, Inc. will post 9.35 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on ROK shares. Oppenheimer dropped their target price on shares of Rockwell Automation from $371.00 to $363.00 and set an "outperform" rating on the stock in a research report on Thursday, August 7th. Bank of America upgraded shares of Rockwell Automation from a "neutral" rating to a "buy" rating and upped their price objective for the company from $360.00 to $410.00 in a report on Wednesday, July 16th. Stephens restated an "overweight" rating and issued a $375.00 target price (up from $350.00) on shares of Rockwell Automation in a research note on Wednesday, July 16th. KeyCorp upped their price target on Rockwell Automation from $370.00 to $380.00 and gave the stock an "overweight" rating in a research note on Thursday, August 7th. Finally, Wall Street Zen upgraded Rockwell Automation from a "hold" rating to a "buy" rating in a report on Sunday, September 21st. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $340.68.

Insider Activity

In related news, VP Terry L. Riesterer sold 2,100 shares of the firm's stock in a transaction dated Tuesday, July 15th. The shares were 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 of the company's stock, valued at $361,632.64. This trade represents a 67.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director James P. Keane sold 3,000 shares of the company's stock in a transaction dated Tuesday, August 26th. The stock was sold at an average price of $356.06, for a total transaction of $1,068,180.00. Following the completion of the sale, the director directly owned 9,192 shares of the company's stock, valued at $3,272,903.52. The trade was a 24.61% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 31,922 shares of company stock worth $11,191,812. Company insiders own 0.68% of the company's stock.

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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