UniSuper Management Pty Ltd Has $48.79 Million Stock Holdings in Rockwell Automation, Inc. $ROK

Key Points

• UniSuper Management Pty Ltd has reduced its stake in Rockwell Automation, Inc. by 22.4%, now holding approximately 188,840 shares valued at $48.79 million after selling 54,543 shares.
• In terms of recent transactions, insider selling has occurred, with SVP Cyril Perducat selling 1,435 shares at an average price of $348.08, marking a 27.48% decrease in his position.
• Rockwell Automation recently reported quarterly earnings of $2.82 per share, surpassing estimates, while analysts generally maintain a "Moderate Buy" rating with a consensus price target of $340.16.

UniSuper Management Pty Ltd decreased its position in shares of Rockwell Automation, Inc. (NYSE:ROK - Free Report) by 22.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 188,840 shares of the industrial products company's stock after selling 54,543 shares during the period. UniSuper Management Pty Ltd owned about 0.17% of Rockwell Automation worth $48,792,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Citizens National Bank Trust Department acquired a new stake in shares of Rockwell Automation during the first quarter worth approximately $26,000. Financial Gravity Asset Management Inc. acquired a new position in shares of Rockwell Automation during the first quarter worth approximately $31,000. IMA Advisory Services Inc. bought a new stake in shares of Rockwell Automation during the first quarter valued at approximately $32,000. Cooksen Wealth LLC acquired a new stake in shares of Rockwell Automation in the first quarter valued at approximately $34,000. Finally, Cary Street Partners Investment Advisory LLC raised its position 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 purchasing an additional 62 shares during the last quarter. Institutional investors and hedge funds own 75.75% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on ROK. Bank of America upgraded 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. Wall Street Zen raised shares of Rockwell Automation from a "hold" rating to a "buy" rating in a research note on Saturday, August 9th. JPMorgan Chase & Co. lifted their target price on shares of Rockwell Automation from $271.00 to $299.00 and gave the stock a "neutral" rating in a report on Friday, May 16th. Loop Capital lifted their target price on shares of Rockwell Automation from $280.00 to $290.00 and gave the stock a "hold" rating in a report on Thursday, May 15th. Finally, Wells Fargo & Company set a $345.00 target price on shares of Rockwell Automation and gave the stock an "equal weight" rating in a report on Friday, August 8th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $340.16.

Insider Buying and Selling at Rockwell Automation

In other Rockwell Automation news, Director James P. Keane sold 3,000 shares of the business's stock in a transaction dated Tuesday, August 26th. The shares were sold at an average price of $356.06, for a total transaction of $1,068,180.00. Following the sale, the director directly owned 9,192 shares of the company's stock, valued at $3,272,903.52. The trade was a 24.61% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, SVP Cyril Perducat sold 1,435 shares of the business's stock in a transaction dated Friday, August 29th. The stock was sold at an average price of $348.08, for a total transaction of $499,494.80. Following the sale, the senior vice president directly owned 3,787 shares in the company, valued at $1,318,178.96. This trade represents a 27.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 7,272 shares of company stock valued at $2,561,140. Corporate insiders own 0.68% of the company's stock.

Rockwell Automation Stock Down 1.1%

Shares of ROK traded down $3.61 during midday trading on Wednesday, hitting $339.34. The stock had a trading volume of 709,730 shares, compared to its average volume of 933,999. The company has a 50 day simple moving average of $345.71 and a two-hundred day simple moving average of $302.85. Rockwell Automation, Inc. has a twelve month low of $215.00 and a twelve month high of $360.92. The firm has a market cap of $38.15 billion, a price-to-earnings ratio of 39.83, a price-to-earnings-growth ratio of 3.60 and a beta of 1.41. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.06 and a quick ratio of 0.72.

Rockwell Automation (NYSE:ROK - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The industrial products company reported $2.82 earnings per share for the quarter, topping the consensus estimate of $2.67 by $0.15. The company had revenue of $2.14 billion during the quarter, compared to analysts' expectations of $2.07 billion. Rockwell Automation had a net margin of 12.03% and a return on equity of 30.14%. The business's quarterly revenue was up 4.5% on a year-over-year basis. During the same period last year, the business earned $2.71 EPS. On average, analysts anticipate that Rockwell Automation, Inc. will post 9.35 EPS for the current year.

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.