Vanguard Personalized Indexing Management LLC Boosts Stake in Rockwell Automation, Inc. $ROK

Key Points

• Vanguard Personalized Indexing Management LLC increased its stake in Rockwell Automation by 8.1% during the second quarter, now owning 14,748 shares valued at approximately $4.92 million.
• Multiple hedge funds have also adjusted their holdings in Rockwell Automation, with Concurrent Investment Advisors increasing theirs by 132.0% in the same quarter.
• Analysts have varying price targets for the stock, with a consensus rating of "Moderate Buy" and an average target price of $340.68, reflecting a range of expectations among industry experts.

Vanguard Personalized Indexing Management LLC grew its stake in Rockwell Automation, Inc. (NYSE:ROK - Free Report) by 8.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 14,748 shares of the industrial products company's stock after buying an additional 1,101 shares during the period. Vanguard Personalized Indexing Management LLC's holdings in Rockwell Automation were worth $4,919,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Concurrent Investment Advisors LLC raised its holdings in shares of Rockwell Automation by 132.0% in the second quarter. Concurrent Investment Advisors LLC now owns 2,232 shares of the industrial products company's stock worth $741,000 after buying an additional 1,270 shares during the last quarter. Trust Co. of Toledo NA OH purchased a new position in shares of Rockwell Automation during the second quarter worth $126,000. Drucker Wealth 3.0 LLC purchased a new position in shares of Rockwell Automation during the second quarter worth $250,000. Aberdeen Group plc raised its holdings in shares of Rockwell Automation by 6.3% during the second quarter. Aberdeen Group plc now owns 99,946 shares of the industrial products company's stock worth $33,199,000 after purchasing an additional 5,921 shares during the last quarter. Finally, Davis Rea LTD. raised its holdings in shares of Rockwell Automation by 8.5% during the second quarter. Davis Rea LTD. now owns 5,586 shares of the industrial products company's stock worth $1,856,000 after purchasing an additional 436 shares during the last quarter. Hedge funds and other institutional investors own 75.75% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. CICC Research assumed coverage on shares of Rockwell Automation in a report on Monday, July 7th. They set an "outperform" rating and a $381.00 target price for the company. KeyCorp raised their target price on shares of Rockwell Automation from $370.00 to $380.00 and gave the stock an "overweight" rating in a report on Thursday, August 7th. Stephens reissued an "overweight" rating and set a $375.00 target price (up previously from $350.00) on shares of Rockwell Automation in a report on Wednesday, July 16th. Oppenheimer reduced their target price on shares of Rockwell Automation from $371.00 to $363.00 and set an "outperform" rating for the company in a report on Thursday, August 7th. Finally, Citigroup reissued a "buy" rating on shares of Rockwell Automation in a report on Thursday. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $340.68.

Rockwell Automation Stock Up 1.5%

ROK stock opened at $338.88 on Tuesday. The firm has a market cap of $38.10 billion, a PE ratio of 39.77, a P/E/G ratio of 2.98 and a beta of 1.41. The firm's fifty day moving average is $343.56 and its 200 day moving average is $315.60. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.72 and a current ratio of 1.06. Rockwell Automation, Inc. has a one year low of $215.00 and a one year high of $360.92.

Rockwell Automation (NYSE:ROK - Get Free Report) last released its earnings results 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. The business 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 company's quarterly revenue was up 4.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.71 earnings per share. On average, research analysts forecast that Rockwell Automation, Inc. will post 9.35 EPS for the current year.

Insider Buying and Selling at Rockwell Automation

In other news, VP Terry L. Riesterer sold 269 shares of the business's stock in a transaction dated 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 of the company's stock, valued at $573,034.38. The trade was a 14.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 of the company's stock, valued at $1,318,178.96. This represents a 27.48% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 29,822 shares of company stock valued at $10,456,644. Corporate insiders own 0.68% of the company's stock.

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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