Turtle Creek Wealth Advisors LLC Makes New $203,000 Investment in Rockwell Automation, Inc. $ROK

Turtle Creek Wealth Advisors LLC purchased a new stake in Rockwell Automation, Inc. (NYSE:ROKFree Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 611 shares of the industrial products company’s stock, valued at approximately $203,000.

A number of other hedge funds have also made changes to their positions in the company. Ritholtz Wealth Management purchased a new position in shares of Rockwell Automation in the second quarter valued at $263,000. AEGON ASSET MANAGEMENT UK Plc increased its position in shares of Rockwell Automation by 240.9% in the second quarter. AEGON ASSET MANAGEMENT UK Plc now owns 171,774 shares of the industrial products company’s stock valued at $57,017,000 after buying an additional 121,380 shares in the last quarter. Aries Wealth Management purchased a new position in shares of Rockwell Automation in the second quarter valued at $219,000. Bayforest Capital Ltd increased its position in shares of Rockwell Automation by 241.5% in the second quarter. Bayforest Capital Ltd now owns 1,943 shares of the industrial products company’s stock valued at $645,000 after buying an additional 1,374 shares in the last quarter. Finally, Sagespring Wealth Partners LLC increased its position in shares of Rockwell Automation by 16.8% in the second quarter. Sagespring Wealth Partners LLC now owns 912 shares of the industrial products company’s stock valued at $303,000 after buying an additional 131 shares in the last quarter. Hedge funds and other institutional investors own 75.75% of the company’s stock.

Wall Street Analyst Weigh In

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 issued an “outperform” rating and a $381.00 price target for the company. Wall Street Zen upgraded Rockwell Automation from a “hold” rating to a “buy” rating in a research report on Sunday, September 21st. Wells Fargo & Company increased their price objective on Rockwell Automation from $345.00 to $355.00 and gave the company an “equal weight” rating in a research note on Monday, October 6th. Barclays increased their price objective on Rockwell Automation from $357.00 to $370.00 and gave the company an “overweight” rating in a research note on Thursday, August 14th. Finally, Stephens reaffirmed an “overweight” rating and set a $375.00 price objective (up previously from $350.00) on shares of Rockwell Automation in a research note on Wednesday, July 16th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $347.94.

Read Our Latest Analysis on ROK

Rockwell Automation Stock Down 0.2%

ROK opened at $347.19 on Friday. The business’s fifty day simple moving average is $344.56 and its 200 day simple moving average is $317.27. The company has a quick ratio of 0.72, a current ratio of 1.06 and a debt-to-equity ratio of 0.72. Rockwell Automation, Inc. has a 52 week low of $215.00 and a 52 week high of $360.92. The firm has a market cap of $39.03 billion, a P/E ratio of 40.75, a PEG ratio of 3.12 and a beta of 1.41.

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

Insiders Place Their Bets

In other Rockwell Automation news, Director James P. Keane sold 3,000 shares of the firm’s stock in a transaction dated 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 sale, the director directly owned 9,192 shares of the company’s stock, valued at approximately $3,272,903.52. This trade represents a 24.61% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Cyril Perducat sold 1,435 shares of the firm’s stock in a transaction dated Friday, August 29th. The stock was sold at an average price of $348.08, for a total value of $499,494.80. Following the completion of the sale, the senior vice president directly owned 3,787 shares in the company, valued at approximately $1,318,178.96. The trade was a 27.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 29,553 shares of company stock valued at $10,361,079 in the last quarter. Corporate insiders own 0.68% of the company’s stock.

Rockwell Automation Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Rockwell Automation (NYSE:ROK)

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