V Square Quantitative Management LLC reduced its stake in Rockwell Automation, Inc. (NYSE:ROK - Free Report) by 20.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,912 shares of the industrial products company's stock after selling 727 shares during the period. V Square Quantitative Management LLC's holdings in Rockwell Automation were worth $967,000 at the end of the most recent reporting period.
A number of other institutional investors also recently bought and sold shares of ROK. Citizens National Bank Trust Department bought a new position in Rockwell Automation in the first quarter worth about $26,000. Financial Gravity Asset Management Inc. bought a new position in Rockwell Automation in the first quarter worth about $31,000. IMA Advisory Services Inc. bought a new position in Rockwell Automation in the first quarter worth about $32,000. Cooksen Wealth LLC bought a new position in Rockwell Automation in the first quarter worth about $34,000. Finally, Legend Financial Advisors Inc. bought a new position in shares of Rockwell Automation during the second quarter valued at approximately $39,000. 75.75% of the stock is owned by institutional investors.
Insider Buying and Selling
In related news, VP Terry L. Riesterer sold 269 shares of the firm's stock in a transaction that occurred on Thursday, July 17th. The shares were sold at an average price of $355.26, for a total value of $95,564.94. Following the sale, the vice president owned 1,613 shares in the company, valued at approximately $573,034.38. This trade represents a 14.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Blake D. Moret sold 24,400 shares of the firm's stock in a transaction that occurred on Thursday, September 11th. The stock was sold at an average price of $350.13, for a total transaction of $8,543,172.00. Following the completion of the sale, the chief executive officer owned 83,873 shares in the company, valued at $29,366,453.49. This represents a 22.54% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 31,922 shares of company stock valued at $11,191,812 in the last ninety days. Corporate insiders own 0.68% of the company's stock.
Rockwell Automation Trading Up 0.2%
NYSE:ROK opened at $344.32 on Tuesday. The company's 50 day moving average price is $345.24 and its 200-day moving average price is $309.88. Rockwell Automation, Inc. has a 52 week low of $215.00 and a 52 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 market cap of $38.71 billion, a price-to-earnings ratio of 40.41, a PEG ratio of 3.58 and a beta of 1.41.
Rockwell Automation (NYSE:ROK - Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The industrial products company reported $2.82 EPS for the quarter, beating 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 firm had revenue of $2.14 billion for the quarter, compared to analysts' expectations of $2.07 billion. During the same quarter in the prior year, the company posted $2.71 earnings per share. The business's revenue for the quarter was up 4.5% on a year-over-year basis. On average, equities research analysts forecast that Rockwell Automation, Inc. will post 9.35 earnings per share for the current fiscal year.
Analyst Ratings Changes
ROK has been the subject of a number of analyst reports. Stephens reaffirmed an "overweight" rating and set a $375.00 target price (up previously from $350.00) on shares of Rockwell Automation in a research note on Wednesday, July 16th. Oppenheimer decreased their target price on shares of Rockwell Automation from $371.00 to $363.00 and set an "outperform" rating for the company in a research note on Thursday, August 7th. Bank of America raised shares of Rockwell Automation from a "neutral" rating to a "buy" rating and raised their target price for the company from $360.00 to $410.00 in a research note 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 Sunday, September 21st. Finally, KeyCorp raised their target price on shares of Rockwell Automation from $370.00 to $380.00 and gave the company an "overweight" rating in a research note on Thursday, August 7th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $340.16.
View Our Latest Stock Report on ROK
Rockwell Automation Company Profile
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Free Report)
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.
Further Reading
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