Jacobs & Co. CA Has $10.10 Million Position in Rockwell Automation, Inc. $ROK

Key Points

• Jacobs & Co. CA has reduced its stake in Rockwell Automation by 2.9%, now owning 30,392 shares valued at approximately $10.10 million.
• Significant institutional interest is noted, with 75.75% of Rockwell Automation's stock owned by institutional investors, including GAMMA Investing LLC which has increased its stake substantially by 29,844.4%.
• Rockwell Automation recently reported an earnings per share of $2.82, exceeding analysts' expectations of $2.67, alongside a revenue of $2.14 billion for the quarter.

Jacobs & Co. CA lowered its position in Rockwell Automation, Inc. (NYSE:ROK - Free Report) by 2.9% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 30,392 shares of the industrial products company's stock after selling 923 shares during the quarter. Jacobs & Co. CA's holdings in Rockwell Automation were worth $10,095,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in ROK. GAMMA Investing LLC increased its stake in shares of Rockwell Automation by 29,844.4% in the first quarter. GAMMA Investing LLC now owns 702,794 shares of the industrial products company's stock valued at $181,588,000 after buying an additional 700,447 shares during the period. Great Lakes Advisors LLC acquired a new position in shares of Rockwell Automation in the first quarter valued at approximately $73,908,000. Nuveen LLC acquired a new position in shares of Rockwell Automation in the first quarter valued at approximately $63,632,000. Raymond James Financial Inc. increased its stake in shares of Rockwell Automation by 213.7% in the first quarter. Raymond James Financial Inc. now owns 357,080 shares of the industrial products company's stock valued at $92,263,000 after buying an additional 243,249 shares during the period. Finally, Goldman Sachs Group Inc. increased its stake 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 valued at $470,091,000 after buying an additional 191,370 shares during the period. Institutional investors and hedge funds own 75.75% of the company's stock.

Insider Activity

In other Rockwell Automation news, VP Isaac Woods sold 365 shares of the stock in a transaction that occurred on Friday, August 29th. The stock was sold at an average price of $348.44, for a total transaction of $127,180.60. Following the transaction, the vice president directly owned 1,691 shares in the company, valued at approximately $589,212.04. This represents a 17.75% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Blake D. Moret sold 24,400 shares of the stock in a transaction that occurred on Thursday, September 11th. The stock was sold at an average price of $350.13, for a total value of $8,543,172.00. Following the transaction, the chief executive officer owned 83,873 shares in the company, valued at $29,366,453.49. The trade was a 22.54% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 31,922 shares of company stock worth $11,191,812. Company insiders own 0.68% of the company's stock.

Rockwell Automation Price Performance

Rockwell Automation stock opened at $344.97 on Friday. The stock has a market capitalization of $38.79 billion, a price-to-earnings ratio of 40.49, a PEG ratio of 3.66 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. The stock's 50 day moving average price is $345.69 and its two-hundred day moving average price is $303.90. 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 (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, topping analysts' consensus estimates of $2.67 by $0.15. The firm had revenue of $2.14 billion for the quarter, compared to analysts' expectations of $2.07 billion. Rockwell Automation had a return on equity of 30.14% and a net margin of 12.03%.The company's revenue for the quarter was up 4.5% compared to the same quarter last year. During the same period in the prior year, the business earned $2.71 EPS. On average, equities analysts predict that Rockwell Automation, Inc. will post 9.35 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. KeyCorp upped their price objective on Rockwell Automation from $370.00 to $380.00 and gave the company an "overweight" rating in a research note on Thursday, August 7th. Bank of America raised shares of Rockwell Automation from a "neutral" rating to a "buy" rating and increased their target price for the company from $360.00 to $410.00 in a research report on Wednesday, July 16th. Barclays increased their target price on shares of Rockwell Automation from $357.00 to $370.00 and gave the company an "overweight" rating in a research report on Thursday, August 14th. Stephens reissued an "overweight" rating and set a $375.00 target price (up previously from $350.00) on shares of Rockwell Automation in a research report on Wednesday, July 16th. Finally, Wall Street Zen downgraded shares of Rockwell Automation from a "buy" rating to a "hold" rating in a research report on Saturday. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, Rockwell Automation presently has an average rating of "Moderate Buy" and an average target price of $340.16.

About Rockwell Automation

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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