2,757 Shares in Rockwell Automation, Inc. $ROK Purchased by United Services Automobile Association

Key Points

• United Services Automobile Association has acquired a new stake in Rockwell Automation, Inc., purchasing 2,757 shares valued at approximately $713,000 during the first quarter.
• In insider trading news, SVP Cyril Perducat and Director James P. Keane sold a combined total of 4,435 shares of Rockwell's stock valued over $1.5 million, representing significant decreases in their ownership.
• Rockwell Automation reported a positive Q2 earnings, with earnings per share of $2.82, exceeding estimates, and a year-over-year revenue increase of 4.5% to $2.14 billion.

United Services Automobile Association purchased a new stake in shares of Rockwell Automation, Inc. (NYSE:ROK - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,757 shares of the industrial products company's stock, valued at approximately $713,000.

Several other hedge funds have also modified their holdings of ROK. Great Lakes Advisors LLC bought a new position in Rockwell Automation in the first quarter valued at approximately $73,908,000. Caxton Associates LLP acquired a new position in shares of Rockwell Automation in the 1st quarter valued at $966,000. Goldman Sachs Group Inc. lifted its stake in shares of Rockwell Automation by 11.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,819,379 shares of the industrial products company's stock valued at $470,091,000 after purchasing an additional 191,370 shares during the period. Sender Co & Partners Inc. acquired a new position in shares of Rockwell Automation in the 1st quarter valued at $449,000. Finally, Jones Financial Companies Lllp lifted its stake in shares of Rockwell Automation by 9.0% in the 1st 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 during the period. 75.75% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on ROK. KeyCorp increased their price target on Rockwell Automation from $370.00 to $380.00 and gave the company an "overweight" rating in a research note on Thursday, August 7th. CICC Research began coverage on Rockwell Automation in a research note on Monday, July 7th. They issued an "outperform" rating and a $381.00 price target on the stock. Citigroup reissued a "buy" rating and issued a $392.00 price target (up previously from $371.00) on shares of Rockwell Automation in a research note on Monday, July 14th. Barclays increased their price target on Rockwell Automation from $357.00 to $370.00 and gave the company an "overweight" rating in a research note on Thursday, August 14th. Finally, Bank of America raised shares of Rockwell Automation from a "neutral" rating to a "buy" rating and lifted their price target for the stock from $360.00 to $410.00 in a research report on Wednesday, July 16th. One equities 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 stock. According to data from MarketBeat.com, Rockwell Automation currently has an average rating of "Moderate Buy" and an average target price of $340.16.

Rockwell Automation Stock Down 1.6%

Shares of NYSE:ROK traded down $5.57 during midday trading on Friday, reaching $344.97. 545,729 shares of the company were exchanged, compared to its average volume of 762,274. Rockwell Automation, Inc. has a fifty-two week low of $215.00 and a fifty-two week high of $360.92. 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 stock has a fifty day simple moving average of $345.69 and a two-hundred day simple moving average of $304.01. The firm has a market cap of $38.79 billion, a PE ratio of 40.49, a P/E/G ratio of 3.66 and a beta of 1.41.

Rockwell Automation (NYSE:ROK - Get Free Report) last issued 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 net margin of 12.03% and a return on equity of 30.14%. The business had revenue of $2.14 billion for the quarter, compared to analyst estimates of $2.07 billion. During the same period last year, the business posted $2.71 earnings per share. The firm's quarterly revenue was up 4.5% on a year-over-year basis. As a group, sell-side analysts forecast that Rockwell Automation, Inc. will post 9.35 earnings per share for the current year.

Insider Transactions at Rockwell Automation

In other Rockwell Automation news, Director James P. Keane sold 3,000 shares of Rockwell Automation stock in a transaction on Tuesday, August 26th. The shares were sold at an average price of $356.06, for a total value of $1,068,180.00. Following the sale, the director directly owned 9,192 shares in the company, valued at approximately $3,272,903.52. The trade was a 24.61% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Terry L. Riesterer sold 269 shares of Rockwell Automation stock in a transaction on Thursday, July 17th. The shares were sold at an average price of $355.26, for a total transaction of $95,564.94. Following the completion of the sale, the vice president owned 1,613 shares in the company, valued at $573,034.38. The trade was a 14.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 31,922 shares of company stock worth $11,191,812. 0.68% of the stock is owned by insiders.

Rockwell Automation 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.