Rockwell Automation, Inc. $ROK Stock Position Lifted by Robeco Institutional Asset Management B.V.

Key Points

• Robeco Institutional Asset Management B.V. significantly increased its stake in Rockwell Automation by 720.8% in Q2, now holding 399,309 shares valued at approximately $132.6 million.
• Insider transactions included Director James P. Keane selling 3,000 shares for over $1 million, indicating a 24.61% decrease in ownership.
• Rockwell Automation reported $2.82 EPS for the recent quarter, exceeding estimates, with revenue of $2.14 billion, marking a 4.5% increase year-over-year.

Robeco Institutional Asset Management B.V. grew its position in shares of Rockwell Automation, Inc. (NYSE:ROK - Free Report) by 720.8% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 399,309 shares of the industrial products company's stock after buying an additional 350,662 shares during the period. Robeco Institutional Asset Management B.V. owned about 0.35% of Rockwell Automation worth $132,638,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Howe & Rusling Inc. boosted its stake in Rockwell Automation by 4.9% during the 1st quarter. Howe & Rusling Inc. now owns 794 shares of the industrial products company's stock valued at $205,000 after purchasing an additional 37 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its stake in shares of Rockwell Automation by 0.8% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 5,652 shares of the industrial products company's stock worth $1,462,000 after acquiring an additional 43 shares in the last quarter. Wealthfront Advisers LLC boosted its stake in shares of Rockwell Automation by 0.6% during the 1st quarter. Wealthfront Advisers LLC now owns 7,708 shares of the industrial products company's stock worth $1,992,000 after acquiring an additional 43 shares in the last quarter. Kelly Financial Services LLC boosted its stake in shares of Rockwell Automation by 4.4% during the 1st quarter. Kelly Financial Services LLC now owns 1,096 shares of the industrial products company's stock worth $283,000 after acquiring an additional 46 shares in the last quarter. Finally, Koshinski Asset Management Inc. boosted its stake in shares of Rockwell Automation by 1.1% during the 1st quarter. Koshinski Asset Management Inc. now owns 4,097 shares of the industrial products company's stock worth $1,059,000 after acquiring an additional 46 shares in the last quarter. Institutional investors own 75.75% of the company's stock.

Insider Buying and Selling at Rockwell Automation

In related news, Director James P. Keane sold 3,000 shares of the stock in a transaction on 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 completion of the sale, the director directly owned 9,192 shares in the company, valued at approximately $3,272,903.52. This trade represents a 24.61% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Isaac Woods sold 250 shares of the firm's stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $350.00, for a total value of $87,500.00. Following the transaction, the vice president owned 1,662 shares in the company, valued at approximately $581,700. This trade represents a 13.08% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 31,922 shares of company stock valued at $11,191,812 in the last quarter. Corporate insiders own 0.68% of the company's stock.

Rockwell Automation Stock Performance

Shares of Rockwell Automation stock opened at $349.41 on Thursday. The stock has a market cap of $39.28 billion, a PE ratio of 41.01, a price-to-earnings-growth ratio of 3.65 and a beta of 1.41. The business has a fifty day simple moving average of $344.97 and a 200-day simple moving average of $310.42. The company has a quick ratio of 0.72, a current ratio of 1.06 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.

Rockwell Automation (NYSE:ROK - Get Free Report) last issued its 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. Rockwell Automation had a return on equity of 30.14% and a net margin of 12.03%.The business had revenue of $2.14 billion during the quarter, compared to analysts' expectations of $2.07 billion. During the same quarter last year, the firm posted $2.71 earnings per share. Rockwell Automation's revenue was up 4.5% compared to the same quarter last year. On average, sell-side analysts anticipate that Rockwell Automation, Inc. will post 9.35 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Bank of America raised Rockwell Automation from a "neutral" rating to a "buy" rating and raised their price objective for the stock from $360.00 to $410.00 in a research note on Wednesday, July 16th. KeyCorp raised their price objective on Rockwell Automation from $370.00 to $380.00 and gave the stock an "overweight" rating in a research note on Thursday, August 7th. Wells Fargo & Company set a $345.00 price objective on Rockwell Automation and gave the stock an "equal weight" rating in a research note on Friday, August 8th. Barclays raised their price objective on Rockwell Automation from $357.00 to $370.00 and gave the stock an "overweight" rating in a research note on Thursday, August 14th. Finally, Wall Street Zen raised Rockwell Automation from a "hold" rating to a "buy" rating in a research note on Sunday, September 21st. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, Rockwell Automation currently has a consensus rating of "Moderate Buy" and a consensus price target 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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