Talbot Financial LLC Has $9.94 Million Stock Holdings in Rockwell Automation, Inc. $ROK

Key Points

• Talbot Financial LLC increased its stake in Rockwell Automation by 16.3% during the second quarter, holding shares valued at approximately $9.94 million.
• Rockwell Automation reported $2.82 earnings per share for the last quarter, exceeding the consensus estimate, along with a revenue increase of 4.5% year-over-year.
• Insider sales were noted, with CEO Blake D. Moret selling 24,400 shares valued at over $8.5 million, leading to a 22.54% decrease in his holdings.

Talbot Financial LLC lifted its stake in shares of Rockwell Automation, Inc. (NYSE:ROK - Free Report) by 16.3% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 29,908 shares of the industrial products company's stock after purchasing an additional 4,193 shares during the period. Talbot Financial LLC's holdings in Rockwell Automation were worth $9,935,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of ROK. Citizens National Bank Trust Department acquired a new position in Rockwell Automation during the first quarter valued at $26,000. Financial Gravity Asset Management Inc. acquired a new position in Rockwell Automation during the first quarter valued at $31,000. IMA Advisory Services Inc. acquired a new position in Rockwell Automation during the first quarter valued at $32,000. Cooksen Wealth LLC acquired a new position in Rockwell Automation during the first quarter valued at $34,000. Finally, Legend Financial Advisors Inc. acquired a new position in Rockwell Automation during the second quarter valued at $39,000. 75.75% of the stock is owned by institutional investors and hedge funds.

Rockwell Automation Price Performance

Shares of NYSE:ROK opened at $349.05 on Friday. The business has a 50 day moving average price of $344.60 and a 200 day moving average price of $312.01. Rockwell Automation, Inc. has a twelve month low of $215.00 and a twelve month high of $360.92. The company has a market cap of $39.24 billion, a price-to-earnings ratio of 40.97, a PEG ratio of 3.14 and a beta of 1.41. 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 (NYSE:ROK - Get Free Report) last announced its earnings results on Wednesday, August 6th. The industrial products company reported $2.82 earnings per share for the quarter, beating 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 firm had revenue of $2.14 billion during the quarter, compared to the consensus estimate of $2.07 billion. During the same quarter in the prior year, the company earned $2.71 EPS. The firm's revenue for the quarter was up 4.5% compared to the same quarter last year. Research analysts predict that Rockwell Automation, Inc. will post 9.35 earnings per share for the current year.

Insider Activity

In related news, SVP Cyril Perducat sold 1,435 shares of the stock in a transaction that occurred on Friday, August 29th. The stock was 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 owned 3,787 shares in the company, valued at $1,318,178.96. This represents a 27.48% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Blake D. Moret sold 24,400 shares of the stock in a transaction that occurred on Thursday, September 11th. The shares were sold at an average price of $350.13, for a total value of $8,543,172.00. Following the sale, the chief executive officer owned 83,873 shares of the company's stock, valued at approximately $29,366,453.49. The trade was a 22.54% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 31,922 shares of company stock worth $11,191,812 over the last 90 days. Company insiders own 0.68% of the company's stock.

Analysts Set New Price Targets

ROK has been the topic of several recent analyst reports. Wells Fargo & Company set a $345.00 price target on Rockwell Automation and gave the company an "equal weight" rating in a research report on Friday, August 8th. Wall Street Zen raised Rockwell Automation from a "hold" rating to a "buy" rating in a research report on Sunday, September 21st. CICC Research initiated coverage on Rockwell Automation in a research report on Monday, July 7th. They issued an "outperform" rating and a $381.00 target price on the stock. Stephens reaffirmed an "overweight" rating and issued a $375.00 target price (up from $350.00) on shares of Rockwell Automation in a research report on Wednesday, July 16th. Finally, Barclays upped their target price on Rockwell Automation from $357.00 to $370.00 and gave the stock an "overweight" rating in a research report on Thursday, August 14th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, Rockwell Automation has a consensus rating of "Moderate Buy" and an average target price 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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