BSW Wealth Partners Buys Shares of 739 Rockwell Automation, Inc. $ROK

Key Points

• BSW Wealth Partners has acquired 739 shares of Rockwell Automation, Inc., valued at approximately $246,000, as part of their second-quarter investments.
• Institutional investors currently hold 75.75% of Rockwell Automation's stock, with notable purchases including Great Lakes Advisors and Nuveen.
• Analysts have upgraded Rockwell Automation's stock rating, with Bank of America raising their price target from $360.00 to $410.00, contributing to a consensus rating of "Moderate Buy".

BSW Wealth Partners bought a new stake in Rockwell Automation, Inc. (NYSE:ROK - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 739 shares of the industrial products company's stock, valued at approximately $246,000.

Several other hedge funds and other institutional investors have also modified their holdings of ROK. Great Lakes Advisors LLC acquired a new position in Rockwell Automation during the first quarter valued at $73,908,000. Nuveen LLC purchased a new position in Rockwell Automation during the 1st quarter valued at about $63,632,000. Raymond James Financial Inc. increased its holdings in shares of Rockwell Automation by 213.7% in the 1st quarter. Raymond James Financial Inc. now owns 357,080 shares of the industrial products company's stock valued at $92,263,000 after purchasing an additional 243,249 shares during the period. Assenagon Asset Management S.A. lifted its position in shares of Rockwell Automation by 1,950.4% in the second quarter. Assenagon Asset Management S.A. now owns 202,788 shares of the industrial products company's stock worth $67,360,000 after purchasing an additional 192,898 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its position in shares of Rockwell Automation by 11.8% in the first quarter. Goldman Sachs Group Inc. now owns 1,819,379 shares of the industrial products company's stock worth $470,091,000 after purchasing an additional 191,370 shares in the last quarter. Institutional investors and hedge funds own 75.75% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. Bank of America raised shares of Rockwell Automation from a "neutral" rating to a "buy" rating and boosted their price objective for the company from $360.00 to $410.00 in a research report on Wednesday, July 16th. Wall Street Zen raised shares of Rockwell Automation from a "hold" rating to a "buy" rating in a research note on Sunday, September 21st. Oppenheimer lowered their price target on shares of Rockwell Automation from $371.00 to $363.00 and set an "outperform" rating on the stock in a report on Thursday, August 7th. Stephens reiterated an "overweight" rating and set a $375.00 price objective (up from $350.00) on shares of Rockwell Automation in a report on Wednesday, July 16th. Finally, Wells Fargo & Company set a $345.00 target price on Rockwell Automation and gave the company an "equal weight" rating in a research note on Friday, August 8th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $340.16.

Insider Transactions at Rockwell Automation

In related news, VP Terry L. Riesterer sold 269 shares of the company's stock in a transaction on Thursday, July 17th. The shares were sold at an average price of $355.26, for a total transaction of $95,564.94. Following the completion of the sale, the vice president directly owned 1,613 shares of the company's stock, valued at approximately $573,034.38. This represents a 14.29% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Cyril Perducat sold 1,435 shares of the firm's stock in a transaction 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 transaction, the senior vice president owned 3,787 shares in the company, valued at $1,318,178.96. The trade was a 27.48% 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 worth $11,191,812. 0.68% of the stock is currently owned by company insiders.

Rockwell Automation Trading Down 0.2%

Shares of NYSE:ROK opened at $348.66 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 stock has a market capitalization of $39.20 billion, a PE ratio of 40.92, a P/E/G ratio of 3.14 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 firm has a fifty day moving average price of $344.80 and a 200 day moving average price of $311.02.

Rockwell Automation (NYSE:ROK - Get Free Report) last posted its earnings results on Wednesday, August 6th. The industrial products company reported $2.82 earnings per share for the quarter, beating the consensus estimate of $2.67 by $0.15. The company 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 was up 4.5% compared to the same quarter last year. During the same period last year, the company earned $2.71 earnings per share. Analysts expect that Rockwell Automation, Inc. will post 9.35 EPS for the current fiscal year.

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.

Want to see what other hedge funds are holding ROK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Rockwell Automation, Inc. (NYSE:ROK - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.