Rockwell Automation, Inc. $ROK Stock: Axxcess Wealth Management LLC Reduces Holdings

Key Points

• Axxcess Wealth Management cut its Rockwell Automation stake by 58.5% in the third quarter, selling 2,605 shares and retaining 1,847 shares valued at approximately $804,000. Institutional investors collectively own 75.75% of the company.
• Analysts maintain a generally cautious outlook, with nine Buy ratings and thirteen Hold ratings. Rockwell Automation has an average rating of “Hold” and an average price target of $468.
• Rockwell Automation exceeded quarterly expectations, reporting $3.49 in EPS and $2.31 billion in revenue, with revenue up 7.9% year over year. Shares opened at $425.78, while insiders sold 2,711 shares worth approximately $1.16 million over the past 90 days.

Axxcess Wealth Management LLC trimmed its holdings in Rockwell Automation, Inc. (NYSE:ROK - Free Report) by 58.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,847 shares of the industrial products company's stock after selling 2,605 shares during the period. Axxcess Wealth Management LLC's holdings in Rockwell Automation were worth $804,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in ROK. Virtus Advisers LLC acquired a new stake in Rockwell Automation during the second quarter worth approximately $25,000. Cassaday & Co Wealth Management LLC bought a new position in Rockwell Automation during the 1st quarter worth $31,000. Elevation Wealth Partners LLC raised its holdings in Rockwell Automation by 700.0% in the 2nd quarter. Elevation Wealth Partners LLC now owns 88 shares of the industrial products company's stock valued at $44,000 after acquiring an additional 77 shares in the last quarter. Lodestone Wealth Management LLC acquired a new position in Rockwell Automation in the 3rd quarter valued at $40,000. Finally, Polaris Financial Partners acquired a new position in Rockwell Automation in the 3rd quarter valued at $42,000. 75.75% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

ROK has been the subject of a number of recent analyst reports. Morgan Stanley set a $520.00 target price on Rockwell Automation in a research report on Friday, October 16th. Sanford C. Bernstein boosted their price target on Rockwell Automation from $501.00 to $514.00 and gave the company a "market perform" rating in a research note on Friday, August 14th. Wells Fargo & Company assumed coverage on shares of Rockwell Automation in a research report on Thursday, September 24th. They set an "equal weight" rating and a $426.00 price objective for the company. The Goldman Sachs Group cut their price objective on shares of Rockwell Automation from $510.00 to $485.00 and set a "neutral" rating for the company in a research report on Wednesday, September 30th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on shares of Rockwell Automation from $469.00 to $500.00 and gave the stock a "hold" rating in a research note on Wednesday, September 30th. Nine investment analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $468.00.

Insiders Place Their Bets

In other Rockwell Automation news, SVP Matheus De A. G. Viera Bulho sold 400 shares of the business's stock in a transaction dated Wednesday, September 2nd. The stock was sold at an average price of $420.14, for a total transaction of $168,056.00. Following the completion of the transaction, the senior vice president owned 867 shares of the company's stock, valued at approximately $364,261.38. The trade was a 31.57% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Patricia A. Watson sold 1,100 shares of the stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of $431.43, for a total transaction of $474,573.00. Following the completion of the transaction, the director directly owned 6,385 shares of the company's stock, valued at $2,754,680.55. This trade represents a 14.70% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 2,711 shares of company stock valued at $1,164,880. 0.76% of the stock is owned by corporate insiders.

Rockwell Automation Trading Up 0.5%

Shares of ROK stock opened at $425.78 on Friday. The stock's fifty day moving average price is $430.47 and its two-hundred day moving average price is $441.53. The company has a market cap of $47.28 billion, a PE ratio of 39.90, a P/E/G ratio of 2.02 and a beta of 1.51. Rockwell Automation, Inc. has a fifty-two week low of $347.53 and a fifty-two week high of $497.36. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.74 and a current ratio of 1.08.

Rockwell Automation (NYSE:ROK - Get Free Report) last issued its quarterly earnings results on Tuesday, August 4th. The industrial products company reported $3.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.38 by $0.11. Rockwell Automation had a return on equity of 39.83% and a net margin of 13.39%. The company had revenue of $2.31 billion for the quarter, compared to analyst estimates of $2.24 billion. During the same quarter last year, the company posted $2.82 EPS. The company's revenue for the quarter was up 7.9% compared to the same quarter last year. Rockwell Automation has set its FY 2026 guidance at 13.000-13.300 EPS. Equities analysts predict that Rockwell Automation, Inc. will post 13.26 EPS for the current fiscal year.

About Rockwell Automation

Rockwell Automation, Inc NYSE: ROK is a global provider of industrial automation and digital transformation technologies. The company helps manufacturers and industrial organizations improve productivity, safety, quality and operational efficiency through connected hardware, software and services.

Its product portfolio includes industrial control systems, programmable logic controllers, motor control and sensing equipment, industrial computers, safety products, networking technologies and power-control solutions.

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