Venture Visionary Partners LLC Has $1.87 Million Holdings in Rockwell Automation, Inc. $ROK

Key Points

• Venture Visionary Partners LLC has reduced its stake in Rockwell Automation, Inc. by 76.1% during Q2, now holding shares worth approximately $1.87 million.
• Rockwell Automation reported quarterly earnings of $2.82 per share, exceeding analysts' expectations, with year-over-year revenue growth of 4.5%.
• Wall Street analysts have upgraded Rockwell Automation's rating, with a majority recommending a buy and an average price target of roughly $340.16.

Venture Visionary Partners LLC trimmed its stake in shares of Rockwell Automation, Inc. (NYSE:ROK - Free Report) by 76.1% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,636 shares of the industrial products company's stock after selling 17,968 shares during the period. Venture Visionary Partners LLC's holdings in Rockwell Automation were worth $1,872,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in ROK. Brighton Jones LLC bought a new stake in shares of Rockwell Automation in the fourth quarter valued at about $281,000. Wealth Enhancement Advisory Services LLC lifted its stake in Rockwell Automation by 10.8% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 20,047 shares of the industrial products company's stock valued at $5,729,000 after acquiring an additional 1,955 shares in the last quarter. Fifth Third Wealth Advisors LLC boosted its position in Rockwell Automation by 6.5% during the 1st quarter. Fifth Third Wealth Advisors LLC now owns 1,309 shares of the industrial products company's stock worth $338,000 after acquiring an additional 80 shares during the last quarter. Rhumbline Advisers grew its stake in shares of Rockwell Automation by 4.6% during the 1st quarter. Rhumbline Advisers now owns 220,535 shares of the industrial products company's stock worth $56,982,000 after acquiring an additional 9,681 shares in the last quarter. Finally, Czech National Bank raised its holdings in shares of Rockwell Automation by 6.1% in the first quarter. Czech National Bank now owns 25,971 shares of the industrial products company's stock valued at $6,710,000 after purchasing an additional 1,492 shares during the last quarter. 75.75% of the stock is owned by institutional investors.

Rockwell Automation Stock Performance

Shares of NYSE ROK opened at $349.18 on Wednesday. Rockwell Automation, Inc. has a 12 month low of $215.00 and a 12 month high of $360.92. The stock has a 50 day moving average of $345.14 and a 200-day moving average of $310.15. The company has a current ratio of 1.06, a quick ratio of 0.72 and a debt-to-equity ratio of 0.72. The company has a market capitalization of $39.26 billion, a P/E ratio of 40.98, a P/E/G ratio of 3.59 and a beta of 1.41.

Rockwell Automation (NYSE:ROK - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The industrial products company reported $2.82 earnings per share (EPS) 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 business had revenue of $2.14 billion during the quarter, compared to the consensus estimate of $2.07 billion. During the same quarter last year, the firm posted $2.71 EPS. The company's quarterly revenue was up 4.5% on a year-over-year basis. As a group, equities research analysts predict that Rockwell Automation, Inc. will post 9.35 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on ROK shares. Wall Street Zen upgraded shares of Rockwell Automation from a "hold" rating to a "buy" rating in a report on Sunday, September 21st. Citigroup restated a "buy" rating and set a $392.00 price objective (up from $371.00) on shares of Rockwell Automation in a research note on Monday, July 14th. CICC Research assumed coverage on Rockwell Automation in a report on Monday, July 7th. They issued an "outperform" rating and a $381.00 price objective for the company. 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. Finally, Bank of America raised Rockwell Automation from a "neutral" rating to a "buy" rating and boosted their price target for the stock from $360.00 to $410.00 in a research report on Wednesday, July 16th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $340.16.

Insider Buying and Selling at Rockwell Automation

In other news, Director James P. Keane sold 3,000 shares of the company's stock in a transaction that occurred on Tuesday, August 26th. The stock was sold at an average price of $356.06, for a total value of $1,068,180.00. Following the transaction, the director owned 9,192 shares of the company's stock, valued at approximately $3,272,903.52. This represents a 24.61% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Isaac Woods sold 250 shares of the stock in a transaction that occurred on Thursday, September 11th. The stock was sold at an average price of $350.00, for a total value of $87,500.00. Following the transaction, the vice president owned 1,662 shares in the company, valued at approximately $581,700. This trade represents a 13.08% 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 worth $11,191,812 in the last ninety days. Insiders own 0.68% of the company's stock.

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.

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