Rockwell Automation, Inc. $ROK Stock Holdings Trimmed by UMB Bank n.a.

Key Points

• UMB Bank n.a. reduced its holdings in Rockwell Automation by 45.5%, selling 2,187 shares and owning 2,618 shares worth $870,000.
• Rockwell Automation's stock has a market capitalization of $39.10 billion and its shares are currently trading at $347.78, with a 52-week range between $215.00 and $360.92.
• The company's latest earnings report showed an EPS of $2.82, exceeding analysts' expectations of $2.67 and reflecting a revenue increase of 4.5% year-over-year.

UMB Bank n.a. lowered its holdings in shares of Rockwell Automation, Inc. (NYSE:ROK - Free Report) by 45.5% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,618 shares of the industrial products company's stock after selling 2,187 shares during the period. UMB Bank n.a.'s holdings in Rockwell Automation were worth $870,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Citizens National Bank Trust Department bought a new stake in shares of Rockwell Automation in the 1st quarter worth $26,000. Financial Gravity Asset Management Inc. acquired a new stake in shares of Rockwell Automation during the first quarter worth $31,000. IMA Advisory Services Inc. acquired a new stake in shares of Rockwell Automation during the first quarter worth $32,000. Cooksen Wealth LLC purchased a new stake in Rockwell Automation in the 1st quarter worth about $34,000. Finally, Cary Street Partners Investment Advisory LLC lifted its stake in Rockwell Automation by 59.6% in the 1st quarter. Cary Street Partners Investment Advisory LLC now owns 166 shares of the industrial products company's stock worth $43,000 after acquiring an additional 62 shares in the last quarter. Institutional investors own 75.75% of the company's stock.

Rockwell Automation Stock Down 0.2%

Shares of ROK opened at $347.78 on Monday. The firm has a market capitalization of $39.10 billion, a price-to-earnings ratio of 40.82, a PEG ratio of 3.63 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. The business's fifty day moving average price is $346.16 and its two-hundred day moving average price is $306.60. Rockwell Automation, Inc. has a 52 week low of $215.00 and a 52 week high of $360.92.

Rockwell Automation (NYSE:ROK - Get Free Report) last announced 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. Rockwell Automation had a return on equity of 30.14% and a net margin of 12.03%.The firm had revenue of $2.14 billion for the quarter, compared to analyst estimates of $2.07 billion. During the same period last year, the company earned $2.71 EPS. The business's quarterly revenue was up 4.5% compared to the same quarter last year. On average, analysts predict that Rockwell Automation, Inc. will post 9.35 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on ROK shares. Citigroup reaffirmed a "buy" rating and set a $392.00 price target (up from $371.00) on shares of Rockwell Automation in a research note on Monday, July 14th. Wells Fargo & Company set a $345.00 price target on Rockwell Automation and gave the stock an "equal weight" rating in a research note on Friday, August 8th. Wall Street Zen raised Rockwell Automation from a "hold" rating to a "buy" rating in a research report on Sunday. Stephens reissued an "overweight" rating and set a $375.00 price objective (up previously from $350.00) on shares of Rockwell Automation in a research report on Wednesday, July 16th. Finally, CICC Research initiated coverage on Rockwell Automation in a report on Monday, July 7th. They issued an "outperform" rating and a $381.00 price target for the company. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $340.16.

Insiders Place Their Bets

In other news, CEO Blake D. Moret sold 24,400 shares of the firm's stock in a transaction 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 directly owned 83,873 shares in the company, valued at $29,366,453.49. This trade represents a 22.54% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director James P. Keane sold 3,000 shares of the firm's stock in a transaction on Tuesday, August 26th. The stock was sold at an average price of $356.06, for a total value of $1,068,180.00. Following the completion of the transaction, the director owned 9,192 shares in the company, valued at $3,272,903.52. This represents a 24.61% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 31,922 shares of company stock worth $11,191,812 over the last three months. 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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