Rockwell Automation, Inc. $ROK Shares Acquired by DMC Group LLC

DMC Group LLC lifted its stake in shares of Rockwell Automation, Inc. (NYSE:ROK) by 8.0% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,080 shares of the industrial products company’s stock after buying an additional 80 shares during the quarter. DMC Group LLC’s holdings in Rockwell Automation were worth $359,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in ROK. Capital Investment Advisors LLC increased its holdings in Rockwell Automation by 5.7% in the second quarter. Capital Investment Advisors LLC now owns 2,192 shares of the industrial products company’s stock valued at $728,000 after buying an additional 119 shares during the last quarter. Fifth Third Bancorp increased its holdings in shares of Rockwell Automation by 8.5% in the 1st quarter. Fifth Third Bancorp now owns 5,424 shares of the industrial products company’s stock valued at $1,401,000 after acquiring an additional 423 shares during the last quarter. CWM LLC raised its position in shares of Rockwell Automation by 3.7% during the 1st quarter. CWM LLC now owns 2,353 shares of the industrial products company’s stock valued at $608,000 after acquiring an additional 84 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its stake in Rockwell Automation by 0.8% during the first quarter. Allspring Global Investments Holdings LLC now owns 5,652 shares of the industrial products company’s stock worth $1,462,000 after purchasing an additional 43 shares during the last quarter. Finally, Brighton Jones LLC acquired a new position in Rockwell Automation in the fourth quarter worth $281,000. 75.75% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently commented on ROK shares. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Rockwell Automation in a report on Saturday, September 27th. KeyCorp upped their target price on Rockwell Automation from $370.00 to $380.00 and gave the company an “overweight” rating in a report on Thursday, August 7th. CICC Research initiated coverage on Rockwell Automation in a report on Monday, July 7th. They issued an “outperform” rating and a $381.00 price target on the stock. Bank of America upgraded Rockwell Automation from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $360.00 to $410.00 in a research note on Wednesday, July 16th. Finally, Stephens reiterated an “overweight” rating and issued a $375.00 target price (up from $350.00) on shares of Rockwell Automation in a research note on Wednesday, July 16th. 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 assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $340.68.

Insider Activity at Rockwell Automation

In other Rockwell Automation news, VP Terry L. Riesterer sold 269 shares of the company’s stock in a transaction that occurred on Thursday, July 17th. The stock was sold at an average price of $355.26, for a total value of $95,564.94. Following the completion of the sale, the vice president directly owned 1,613 shares in the company, valued at $573,034.38. This represents a 14.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Blake D. Moret sold 24,400 shares of Rockwell Automation stock in a transaction on Thursday, September 11th. The shares were sold at an average price of $350.13, for a total value of $8,543,172.00. Following the transaction, the chief executive officer owned 83,873 shares in the company, valued at approximately $29,366,453.49. This trade represents a 22.54% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 31,922 shares of company stock worth $11,191,812 in the last three months. Insiders own 0.68% of the company’s stock.

Rockwell Automation Stock Down 1.3%

Shares of Rockwell Automation stock opened at $344.16 on Wednesday. The business’s fifty day moving average price is $344.26 and its two-hundred day moving average price is $313.23. 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 capitalization of $38.69 billion, a P/E ratio of 40.39, a PEG ratio of 3.10 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.

Rockwell Automation (NYSE:ROK) last released its quarterly earnings results 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. Rockwell Automation had a return on equity of 30.14% and a net margin of 12.03%.The company had revenue of $2.14 billion during the quarter, compared to analysts’ expectations of $2.07 billion. During the same quarter in the prior year, the business posted $2.71 earnings per share. The company’s revenue for the quarter was up 4.5% compared to the same quarter last year. As a group, research analysts forecast that Rockwell Automation, Inc. will post 9.35 EPS for the current year.

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.