Wealthcare Advisory Partners LLC Takes Position in Rockwell Automation, Inc. $ROK

Key Points

• Wealthcare Advisory Partners LLC has acquired a new stake in Rockwell Automation, Inc., purchasing 1,142 shares valued at approximately $379,000 in the second quarter.
• Rockwell Automation's quarterly earnings exceeded expectations, reporting $2.82 earnings per share, surpassing the consensus estimate of $2.67, with a revenue of $2.14 billion.
• The stock currently has an average rating of "Moderate Buy" from analysts, with a price target ranging around $340.68, indicating positive sentiment despite a recent 1.6% decline in share price.

Wealthcare Advisory Partners LLC acquired a new stake in shares of Rockwell Automation, Inc. (NYSE:ROK - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 1,142 shares of the industrial products company's stock, valued at approximately $379,000.

A number of other institutional investors have also recently made changes to their positions in ROK. Citizens National Bank Trust Department purchased a new position in shares of Rockwell Automation during the first quarter valued at about $26,000. Financial Gravity Asset Management Inc. purchased a new position in shares of Rockwell Automation during the first quarter valued at about $31,000. IMA Advisory Services Inc. purchased a new position in shares of Rockwell Automation during the first quarter valued at about $32,000. Cooksen Wealth LLC purchased a new position in shares of Rockwell Automation during the first quarter valued at about $34,000. Finally, Legend Financial Advisors Inc. purchased a new position in shares of Rockwell Automation during the second quarter valued at about $39,000. Hedge funds and other institutional investors own 75.75% of the company's stock.

Rockwell Automation Stock Down 1.6%

Shares of NYSE ROK opened at $342.43 on Friday. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.06 and a quick ratio of 0.72. The company has a market cap of $38.50 billion, a P/E ratio of 40.19, a PEG ratio of 3.09 and a beta of 1.41. Rockwell Automation, Inc. has a 1 year low of $215.00 and a 1 year high of $360.92. The firm has a 50-day simple moving average of $344.00 and a two-hundred day simple moving average of $313.98.

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

Insiders Place Their Bets

In other Rockwell Automation news, VP Isaac Woods sold 250 shares of the firm's stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $350.00, for a total value of $87,500.00. Following the completion of the sale, the vice president owned 1,662 shares of the company's stock, valued at $581,700. This trade represents a 13.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Terry L. Riesterer sold 269 shares of the firm's stock in a transaction dated Thursday, July 17th. The stock was 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 directly owned 1,613 shares of the company's stock, valued at approximately $573,034.38. The trade was a 14.29% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 31,922 shares of company stock valued at $11,191,812 over the last quarter. Corporate insiders own 0.68% of the company's stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. CICC Research assumed coverage on Rockwell Automation in a research report on Monday, July 7th. They set an "outperform" rating and a $381.00 price objective for the company. Weiss Ratings reiterated a "buy (b-)" rating on shares of Rockwell Automation in a research report on Wednesday. Barclays lifted their price target on Rockwell Automation from $357.00 to $370.00 and gave the stock an "overweight" rating in a research report on Thursday, August 14th. Bank of America upgraded 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. Finally, Wall Street Zen upgraded Rockwell Automation from a "hold" rating to a "buy" rating in a research report on Sunday, September 21st. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Rockwell Automation currently has an average rating of "Moderate Buy" and an average price target of $340.68.

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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