Hudson Valley Investment Advisors Inc. ADV Takes $3.09 Million Position in Rockwell Automation, Inc. $ROK

Key Points

• Hudson Valley Investment Advisors Inc. has taken a new position in Rockwell Automation, investing approximately $3.09 million for 9,309 shares during the second quarter.
• Rockwell Automation's stock is currently rated as a "Moderate Buy" by analysts, with an average price target of $340.16 noted by MarketBeat.
• The company reported $2.82 EPS for the last quarter, exceeding analyst expectations, with revenue of $2.14 billion, marking a year-over-year increase of 4.5%.

Hudson Valley Investment Advisors Inc. ADV acquired a new stake in shares of Rockwell Automation, Inc. (NYSE:ROK - Free Report) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 9,309 shares of the industrial products company's stock, valued at approximately $3,092,000.

A number of other large investors have also recently added to or reduced their stakes in ROK. Brighton Jones LLC bought a new position in Rockwell Automation during the 4th quarter valued at $281,000. NBC Securities Inc. bought a new position in Rockwell Automation during the 1st quarter valued at $216,000. Apella Capital LLC bought a new position in Rockwell Automation during the 1st quarter valued at $233,000. Foster Group Inc. boosted its stake in Rockwell Automation by 6.0% during the 1st quarter. Foster Group Inc. now owns 889 shares of the industrial products company's stock valued at $230,000 after acquiring an additional 50 shares during the last quarter. Finally, SeaCrest Wealth Management LLC boosted its stake in Rockwell Automation by 5.4% during the 1st quarter. SeaCrest Wealth Management LLC now owns 1,371 shares of the industrial products company's stock valued at $354,000 after acquiring an additional 70 shares during the last quarter. 75.75% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have commented on ROK shares. Weiss Ratings reiterated a "buy (b-)" rating on shares of Rockwell Automation in a research note on Saturday, September 27th. Oppenheimer reduced their price objective on shares of Rockwell Automation from $371.00 to $363.00 and set an "outperform" rating on the stock in a research note on Thursday, August 7th. CICC Research assumed coverage on shares of Rockwell Automation in a report on Monday, July 7th. They set an "outperform" rating and a $381.00 target price on the stock. Barclays increased their target price on shares of Rockwell Automation from $357.00 to $370.00 and gave the stock an "overweight" rating in a report on Thursday, August 14th. Finally, Wells Fargo & Company set a $345.00 target price on shares of Rockwell Automation and gave the stock an "equal weight" rating in a report on Friday, August 8th. One investment 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 assigned a Sell rating to the stock. Based on data from MarketBeat, Rockwell Automation has an average rating of "Moderate Buy" and an average price target of $340.16.

Rockwell Automation Stock Up 0.1%

Rockwell Automation stock opened at $349.05 on Friday. The company has a 50-day simple moving average of $344.60 and a 200-day simple moving average of $311.65. The firm has a market capitalization of $39.24 billion, a P/E ratio of 40.97, a P/E/G ratio of 3.14 and a beta of 1.41. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.72 and a current ratio of 1.06. Rockwell Automation, Inc. has a one year low of $215.00 and a one year high of $360.92.

Rockwell Automation (NYSE:ROK - Get Free Report) last released 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 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 quarterly revenue was up 4.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.71 earnings per share. As a group, equities analysts expect that Rockwell Automation, Inc. will post 9.35 earnings per share for the current year.

Insider Buying and Selling at Rockwell Automation

In other news, VP Terry L. Riesterer sold 2,100 shares of the company'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 completion of the transaction, the vice president owned 1,033 shares in the company, valued at approximately $361,632.64. This represents a 67.03% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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 transaction, the director owned 9,192 shares of the company's stock, valued at $3,272,903.52. This represents a 24.61% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 31,922 shares of company stock valued at $11,191,812. Corporate insiders own 0.68% of the company's stock.

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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