Rockwell Automation, Inc. $ROK Shares Bought by Janney Montgomery Scott LLC

Key Points

• Janney Montgomery Scott LLC increased its holdings in Rockwell Automation, Inc. by 7.1%, owning 45,058 shares valued at approximately $14.97 million.
• Rockwell Automation reported earnings of $2.82 per share for the last quarter, exceeding analysts' expectations of $2.67, with a revenue of $2.14 billion.
• The stock received several upgrades from analysts, including a target price increase from $360.00 to $410.00 by Bank of America, indicating a positive outlook for Rockwell Automation.

Janney Montgomery Scott LLC boosted its holdings in shares of Rockwell Automation, Inc. (NYSE:ROK - Free Report) by 7.1% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 45,058 shares of the industrial products company's stock after purchasing an additional 2,977 shares during the period. Janney Montgomery Scott LLC's holdings in Rockwell Automation were worth $14,967,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ROK. Goldman Sachs Group Inc. boosted its stake in shares of Rockwell Automation by 11.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,819,379 shares of the industrial products company's stock worth $470,091,000 after acquiring an additional 191,370 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Rockwell Automation by 0.6% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,579,956 shares of the industrial products company's stock worth $408,229,000 after acquiring an additional 9,920 shares in the last quarter. Invesco Ltd. boosted its stake in shares of Rockwell Automation by 2.2% during the 1st quarter. Invesco Ltd. now owns 1,448,160 shares of the industrial products company's stock worth $374,176,000 after acquiring an additional 30,837 shares in the last quarter. Northern Trust Corp boosted its stake in shares of Rockwell Automation by 0.4% during the 1st quarter. Northern Trust Corp now owns 1,396,303 shares of the industrial products company's stock worth $360,777,000 after acquiring an additional 4,972 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of Rockwell Automation by 1.0% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,170,010 shares of the industrial products company's stock worth $302,307,000 after acquiring an additional 11,849 shares in the last quarter. 75.75% of the stock is currently owned by institutional investors and hedge funds.

Rockwell Automation Stock Down 0.2%

ROK stock opened at $348.66 on Friday. The company has a market cap of $39.20 billion, a price-to-earnings ratio of 40.92, a PEG ratio of 3.14 and a beta of 1.41. The company has a current ratio of 1.06, a quick ratio of 0.72 and a debt-to-equity ratio of 0.72. Rockwell Automation, Inc. has a 12 month low of $215.00 and a 12 month high of $360.92. The firm has a 50-day moving average of $344.80 and a two-hundred day moving average of $311.02.

Rockwell Automation (NYSE:ROK - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The industrial products company reported $2.82 EPS for the quarter, beating analysts' consensus estimates of $2.67 by $0.15. The company had revenue of $2.14 billion during the quarter, compared to the consensus estimate of $2.07 billion. Rockwell Automation had a net margin of 12.03% and a return on equity of 30.14%. Rockwell Automation'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 EPS. As a group, analysts forecast that Rockwell Automation, Inc. will post 9.35 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on ROK. Oppenheimer lowered their target price 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. Bank of America raised shares of Rockwell Automation from a "neutral" rating to a "buy" rating and increased their target price for the stock from $360.00 to $410.00 in a research note on Wednesday, July 16th. Wall Street Zen upgraded shares of Rockwell Automation from a "hold" rating to a "buy" rating in a research report on Sunday, September 21st. Citigroup restated a "buy" rating and set a $392.00 price target (up previously from $371.00) on shares of Rockwell Automation in a research report on Monday, July 14th. Finally, Barclays upped their price target on shares of Rockwell Automation from $357.00 to $370.00 and gave the stock an "overweight" rating in a research report on Thursday, August 14th. One equities research 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 issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $340.16.

Insiders Place Their Bets

In other news, Director James P. Keane sold 3,000 shares of the stock in a transaction that occurred on 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 completion of the sale, 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 transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Cyril Perducat sold 1,435 shares of the stock in a transaction that occurred 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 sale, the senior vice president directly owned 3,787 shares of the company's stock, valued at approximately $1,318,178.96. This trade represents a 27.48% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 31,922 shares of company stock worth $11,191,812. 0.68% of the stock is currently owned by company insiders.

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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