Drucker Wealth 3.0 LLC Makes New Investment in Rockwell Automation, Inc. $ROK

Drucker Wealth 3.0 LLC acquired a new position in Rockwell Automation, Inc. (NYSE:ROK) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 736 shares of the industrial products company’s stock, valued at approximately $250,000.

Other hedge funds also recently modified their holdings of the company. Capital Investment Advisors LLC lifted its position in shares of Rockwell Automation by 5.7% in the 2nd quarter. Capital Investment Advisors LLC now owns 2,192 shares of the industrial products company’s stock worth $728,000 after acquiring an additional 119 shares during the period. Fifth Third Bancorp lifted its position in shares of Rockwell Automation by 8.5% during the 1st quarter. Fifth Third Bancorp now owns 5,424 shares of the industrial products company’s stock worth $1,401,000 after buying an additional 423 shares during the period. CWM LLC lifted 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 worth $608,000 after buying an additional 84 shares during the period. Allspring Global Investments Holdings LLC lifted its position in shares of Rockwell Automation by 0.8% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 5,652 shares of the industrial products company’s stock worth $1,462,000 after buying an additional 43 shares during the period. Finally, Brighton Jones LLC bought a new position in shares of Rockwell Automation during the 4th quarter worth approximately $281,000. Institutional investors own 75.75% of the company’s stock.

Rockwell Automation Trading Down 2.6%

ROK stock opened at $333.79 on Friday. The company has a market cap of $37.53 billion, a P/E ratio of 39.18, a PEG ratio of 2.98 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. The company has a quick ratio of 0.72, a current ratio of 1.06 and a debt-to-equity ratio of 0.72. The business has a fifty day moving average of $343.79 and a 200-day moving average of $314.72.

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

Insider Activity at Rockwell Automation

In other news, VP Isaac Woods sold 250 shares of the business’s stock in a transaction on Thursday, September 11th. The stock was sold at an average price of $350.00, for a total transaction of $87,500.00. Following the completion of the sale, the vice president owned 1,662 shares in the company, valued at $581,700. The trade was a 13.08% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Blake D. Moret sold 24,400 shares of the business’s stock in a transaction on Thursday, September 11th. The stock was sold at an average price of $350.13, for a total value of $8,543,172.00. Following the sale, the chief executive officer owned 83,873 shares of the company’s stock, valued at approximately $29,366,453.49. The trade was a 22.54% 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 valued at $11,191,812 over the last quarter. 0.68% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms recently commented on ROK. Stephens restated an “overweight” rating and set a $375.00 target price (up previously from $350.00) on shares of Rockwell Automation in a research report on Wednesday, July 16th. CICC Research began coverage on Rockwell Automation in a research report on Monday, July 7th. They set an “outperform” rating and a $381.00 target price for the company. Barclays raised their target price on Rockwell Automation from $357.00 to $370.00 and gave the stock an “overweight” rating in a research report on Thursday, August 14th. Wall Street Zen upgraded Rockwell Automation from a “hold” rating to a “buy” rating in a research report on Sunday, September 21st. Finally, Wells Fargo & Company lifted their price objective on Rockwell Automation from $345.00 to $355.00 and gave the company an “equal weight” rating in a research report on Monday, October 6th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Rockwell Automation has an average 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.