Sender Co & Partners Inc. Makes New Investment in Rockwell Automation, Inc. $ROK

Key Points

• Sender Co & Partners Inc. purchased a new stake in Rockwell Automation, Inc. valued at approximately $449,000, acquiring 1,738 shares during the first quarter.
• Several research firms have raised their price targets for Rockwell Automation, with Citigroup setting a new target at $392.00, and a consensus price target of $340.16 across analysts.
• Rockwell Automation announced a quarterly dividend of $1.31 per share, payable on September 10, reflecting an annualized dividend yield of 1.5%.

Sender Co & Partners Inc. bought a new stake in shares of Rockwell Automation, Inc. (NYSE:ROK - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 1,738 shares of the industrial products company's stock, valued at approximately $449,000.

A number of other hedge funds have also modified their holdings of the stock. Jones Financial Companies Lllp grew its stake in Rockwell Automation by 9.0% in the first quarter. Jones Financial Companies Lllp now owns 5,343 shares of the industrial products company's stock valued at $1,381,000 after purchasing an additional 441 shares in the last quarter. Integrated Wealth Concepts LLC lifted its holdings in shares of Rockwell Automation by 35.0% during the 1st quarter. Integrated Wealth Concepts LLC now owns 8,114 shares of the industrial products company's stock valued at $2,097,000 after buying an additional 2,104 shares during the last quarter. Eventide Asset Management LLC acquired a new stake in shares of Rockwell Automation during the 1st quarter valued at about $12,970,000. Belmont Capital LLC bought a new stake in shares of Rockwell Automation in the 1st quarter valued at approximately $269,000. Finally, AQR Capital Management LLC increased its holdings in Rockwell Automation by 75.9% in the first quarter. AQR Capital Management LLC now owns 8,139 shares of the industrial products company's stock worth $2,059,000 after buying an additional 3,513 shares during the last quarter. 75.75% of the stock is owned by institutional investors and hedge funds.

Rockwell Automation Stock Performance

Rockwell Automation stock traded down $3.61 during mid-day trading on Wednesday, reaching $339.34. The company had a trading volume of 709,730 shares, compared to its average volume of 796,003. The company has a quick ratio of 0.72, a current ratio of 1.06 and a debt-to-equity ratio of 0.72. The firm has a market cap of $38.15 billion, a price-to-earnings ratio of 35.84, a PEG ratio of 3.58 and a beta of 1.41. The company has a 50 day moving average of $345.71 and a 200-day moving average of $302.85. 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, topping 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 company had revenue of $2.14 billion during the quarter, compared to the consensus estimate of $2.07 billion. During the same quarter last year, the company earned $2.71 EPS. The company's quarterly revenue was up 4.5% on a year-over-year basis. On average, sell-side analysts expect that Rockwell Automation, Inc. will post 9.35 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have issued reports on the stock. Wells Fargo & Company set a $345.00 target price on shares of Rockwell Automation and gave the company an "equal weight" rating in a research note on Friday, August 8th. Bank of America upgraded shares of Rockwell Automation from a "neutral" rating to a "buy" rating and raised their price target for the company from $360.00 to $410.00 in a report on Wednesday, July 16th. Citigroup reaffirmed a "buy" rating and issued a $392.00 price objective (up previously from $371.00) on shares of Rockwell Automation in a research note on Monday, July 14th. JPMorgan Chase & Co. increased their target price on shares of Rockwell Automation from $271.00 to $299.00 and gave the stock a "neutral" rating in a research report on Friday, May 16th. Finally, KeyCorp boosted their price target on Rockwell Automation from $370.00 to $380.00 and gave the stock an "overweight" rating in a research report on Thursday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $340.16.

Insider Buying and Selling at Rockwell Automation

In other news, VP Isaac Woods sold 103 shares of Rockwell Automation stock in a transaction dated Monday, September 8th. The shares were sold at an average price of $345.16, for a total transaction of $35,551.48. Following the sale, the vice president directly owned 1,912 shares in the company, valued at approximately $659,945.92. The trade was a 5.11% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Terry L. Riesterer sold 269 shares of the stock in a transaction dated Thursday, July 17th. The stock was sold at an average price of $355.26, for a total transaction of $95,564.94. Following the completion of the transaction, the vice president directly owned 1,613 shares of the company's stock, valued at $573,034.38. This trade represents a 14.29% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 7,272 shares of company stock worth $2,561,140 over the last three months. 0.68% of the stock is currently owned by corporate 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.