Hager Investment Management Services LLC Sells 43 Shares of Rockwell Automation, Inc. $ROK

Hager Investment Management Services LLC trimmed its position in shares of Rockwell Automation, Inc. (NYSE:ROK) by 2.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,940 shares of the industrial products company’s stock after selling 43 shares during the quarter. Hager Investment Management Services LLC’s holdings in Rockwell Automation were worth $644,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in ROK. Robeco Institutional Asset Management B.V. grew its stake in Rockwell Automation by 720.8% during the second quarter. Robeco Institutional Asset Management B.V. now owns 399,309 shares of the industrial products company’s stock worth $132,638,000 after buying an additional 350,662 shares during the last quarter. Great Lakes Advisors LLC bought a new stake in shares of Rockwell Automation during the first quarter valued at approximately $73,908,000. Nuveen LLC bought a new stake in shares of Rockwell Automation during the first quarter valued at approximately $63,632,000. Raymond James Financial Inc. grew its stake in shares of Rockwell Automation by 213.7% during the first quarter. Raymond James Financial Inc. now owns 357,080 shares of the industrial products company’s stock valued at $92,263,000 after purchasing an additional 243,249 shares during the last quarter. Finally, Assenagon Asset Management S.A. grew its stake in shares of Rockwell Automation by 1,950.4% during the second quarter. Assenagon Asset Management S.A. now owns 202,788 shares of the industrial products company’s stock valued at $67,360,000 after purchasing an additional 192,898 shares during the last quarter. 75.75% of the stock is owned by institutional investors.

Rockwell Automation Trading Up 1.0%

ROK opened at $347.73 on Thursday. The firm’s fifty day moving average is $344.19 and its two-hundred day moving average is $313.47. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.72 and a current ratio of 1.06. The firm has a market cap of $39.10 billion, a PE ratio of 40.81, a price-to-earnings-growth ratio of 3.06 and a beta of 1.41. Rockwell Automation, Inc. has a twelve month low of $215.00 and a twelve month high of $360.92.

Rockwell Automation (NYSE:ROK) last posted its earnings results on Wednesday, August 6th. The industrial products company reported $2.82 earnings per share for the quarter, topping the consensus estimate of $2.67 by $0.15. The company had revenue of $2.14 billion for the quarter, compared to analyst estimates of $2.07 billion. Rockwell Automation had a net margin of 12.03% and a return on equity of 30.14%. The business’s revenue for the quarter was up 4.5% compared to the same quarter last year. During the same period last year, the business posted $2.71 earnings per share. Equities research analysts anticipate that Rockwell Automation, Inc. will post 9.35 EPS for the current year.

Insider Buying and Selling

In other Rockwell Automation news, VP Isaac Woods sold 250 shares of the stock in a transaction on Thursday, September 11th. The shares were sold at an average price of $350.00, for a total value of $87,500.00. Following the sale, the vice president directly owned 1,662 shares in the company, valued at approximately $581,700. This trade represents a 13.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Cyril Perducat sold 1,435 shares of the stock in a transaction on Friday, August 29th. The stock was sold at an average price of $348.08, for a total transaction of $499,494.80. Following the completion of the sale, the senior vice president owned 3,787 shares in the company, valued at approximately $1,318,178.96. This trade represents a 27.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 31,922 shares of company stock valued at $11,191,812. 0.68% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on ROK shares. Oppenheimer decreased their price target on shares of Rockwell Automation from $371.00 to $363.00 and set an “outperform” rating on the stock in a research note on Thursday, August 7th. Barclays increased their price target on shares of Rockwell Automation from $357.00 to $370.00 and gave the company an “overweight” rating in a research note on Thursday, August 14th. CICC Research started coverage on shares of Rockwell Automation in a research note on Monday, July 7th. They set an “outperform” rating and a $381.00 price target on the stock. KeyCorp increased their price target 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. Finally, Citigroup restated a “buy” rating and issued a $392.00 price objective (up from $371.00) on shares of Rockwell Automation in a report on Monday, July 14th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $340.68.

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.