Chicago Partners Investment Group LLC Buys Shares of 738 Rockwell Automation, Inc. $ROK

Key Points

• Chicago Partners Investment Group LLC acquired 738 shares of Rockwell Automation, Inc. valued at approximately $264,000 during the second quarter.
• JPMorgan Chase & Co. increased their price target on Rockwell Automation from $320.00 to $357.00, maintaining a "neutral" rating on the stock.
• Rockwell Automation reported a quarterly earnings per share (EPS) of $2.82, exceeding analysts' expectations of $2.67, with a revenue of $2.14 billion.

Chicago Partners Investment Group LLC bought a new stake in shares of Rockwell Automation, Inc. (NYSE:ROK - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 738 shares of the industrial products company's stock, valued at approximately $264,000.

Several other large investors have also recently bought and sold shares of ROK. Citizens National Bank Trust Department acquired a new position in Rockwell Automation during the 1st quarter valued at about $26,000. Financial Gravity Asset Management Inc. bought a new position in shares of Rockwell Automation during the 1st quarter valued at about $31,000. IMA Advisory Services Inc. bought a new position in shares of Rockwell Automation during the 1st quarter valued at about $32,000. Cooksen Wealth LLC bought a new position in shares of Rockwell Automation during the 1st quarter valued at about $34,000. Finally, Legend Financial Advisors Inc. bought a new position in shares of Rockwell Automation during the 2nd quarter valued at about $39,000. Institutional investors and hedge funds own 75.75% of the company's stock.

Insider Activity at Rockwell Automation

In related news, Director James P. Keane sold 3,000 shares of the firm's stock in a transaction that occurred on Tuesday, August 26th. The shares were sold at an average price of $356.06, for a total transaction of $1,068,180.00. Following the transaction, the director 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Isaac Woods sold 250 shares of the firm's stock in a transaction that occurred on Thursday, September 11th. The shares were sold at an average price of $350.00, for a total transaction of $87,500.00. Following the transaction, the vice president directly owned 1,662 shares in the company, valued at approximately $581,700. The trade was a 13.08% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 29,553 shares of company stock valued at $10,361,079. 0.68% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. JPMorgan Chase & Co. raised their price objective on shares of Rockwell Automation from $320.00 to $357.00 and gave the company a "neutral" rating in a research report on Wednesday, October 15th. Citigroup restated a "buy" rating on shares of Rockwell Automation in a research report on Thursday, October 9th. CICC Research assumed coverage on shares of Rockwell Automation in a research report on Monday, July 7th. They set an "outperform" rating and a $381.00 price objective for the company. Oppenheimer raised their target price on shares of Rockwell Automation from $363.00 to $365.00 and gave the stock an "outperform" rating in a report on Tuesday, October 14th. Finally, 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 report on Thursday, August 7th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $347.94.

Rockwell Automation Stock Performance

ROK stock opened at $357.01 on Friday. 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 stock has a market cap of $40.14 billion, a P/E ratio of 41.90, a P/E/G ratio of 3.20 and a beta of 1.41. The firm has a 50 day simple moving average of $345.80 and a 200 day simple moving average of $321.41. Rockwell Automation, Inc. has a 52 week low of $215.00 and a 52 week high of $361.60.

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

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