Callan Family Office LLC Purchases New Stake in Rockwell Automation, Inc. $ROK

Key Points

• Callan Family Office LLC has acquired a new stake in Rockwell Automation, Inc., purchasing 2,048 shares valued at approximately $680,000.
• Insider trading activity saw SVP Cyril Perducat and Director James P. Keane sell shares, reflecting significant decreases in their ownership by 27.48% and 24.61%, respectively.
• Rockwell Automation reported strong quarterly results, with earnings per share of $2.82, surpassing analysts' estimates and indicating a 4.5% increase in year-over-year revenue.

Callan Family Office LLC purchased a new stake in 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 fund purchased 2,048 shares of the industrial products company's stock, valued at approximately $680,000.

A number of other institutional investors have also recently modified their holdings of ROK. Brighton Jones LLC purchased a new stake in shares of Rockwell Automation in the fourth quarter valued at approximately $281,000. GAMMA Investing LLC raised its holdings in Rockwell Automation by 15.9% during the first quarter. GAMMA Investing LLC now owns 2,720 shares of the industrial products company's stock worth $703,000 after purchasing an additional 373 shares during the last quarter. SG Americas Securities LLC boosted its position in Rockwell Automation by 104.7% during the first quarter. SG Americas Securities LLC now owns 5,190 shares of the industrial products company's stock worth $1,341,000 after purchasing an additional 2,655 shares in the last quarter. CX Institutional purchased a new stake in Rockwell Automation during the first quarter worth $161,000. Finally, Fifth Third Bancorp boosted its position in Rockwell Automation by 8.5% during the first quarter. Fifth Third Bancorp now owns 5,424 shares of the industrial products company's stock worth $1,401,000 after purchasing an additional 423 shares in the last quarter. 75.75% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Rockwell Automation news, SVP Cyril Perducat sold 1,435 shares of the business's stock in a transaction dated 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 owned 3,787 shares of the company's stock, valued at approximately $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 accessible through this hyperlink. Also, Director James P. Keane sold 3,000 shares of the business's stock in a transaction dated Tuesday, August 26th. The shares were sold at an average price of $356.06, for a total value of $1,068,180.00. Following the sale, the director directly owned 9,192 shares of the company's stock, valued at approximately $3,272,903.52. This trade represents a 24.61% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 29,822 shares of company stock valued at $10,456,644 in the last 90 days. 0.68% of the stock is owned by corporate insiders.

Rockwell Automation Price Performance

Shares of NYSE:ROK opened at $338.88 on Tuesday. The company has a market cap of $38.10 billion, a P/E ratio of 39.77, a P/E/G ratio of 2.98 and a beta of 1.41. The company has a quick ratio of 0.72, a current ratio of 1.06 and a debt-to-equity ratio of 0.72. Rockwell Automation, Inc. has a 52 week low of $215.00 and a 52 week high of $360.92. The business has a fifty day simple moving average of $343.56 and a 200-day simple moving average of $315.60.

Rockwell Automation (NYSE:ROK - Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The industrial products company reported $2.82 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.67 by $0.15. Rockwell Automation had a return on equity of 30.14% and a net margin of 12.03%.The firm had revenue of $2.14 billion during the quarter, compared to the consensus estimate of $2.07 billion. During the same quarter in the previous year, the business earned $2.71 earnings per share. The firm's quarterly revenue was up 4.5% compared to the same quarter last year. Equities research analysts forecast that Rockwell Automation, Inc. will post 9.35 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have commented on ROK. Wells Fargo & Company boosted their target price on Rockwell Automation from $345.00 to $355.00 and gave the stock an "equal weight" rating in a research report on Monday, October 6th. Citigroup reiterated a "buy" rating on shares of Rockwell Automation in a research report on Thursday. Weiss Ratings reiterated a "buy (b-)" rating on shares of Rockwell Automation in a research report on Wednesday, October 8th. Stephens reiterated an "overweight" rating and set a $375.00 target price (up from $350.00) on shares of Rockwell Automation in a research report on Wednesday, July 16th. Finally, KeyCorp boosted their target price on Rockwell Automation from $370.00 to $380.00 and gave the stock an "overweight" rating in a research report on Thursday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $340.68.

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.

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