Isaac Woods Sells 250 Shares of Rockwell Automation (NYSE:ROK) Stock

Rockwell Automation, Inc. (NYSE:ROK) VP Isaac Woods sold 250 shares of the stock in a transaction on Thursday, September 11th. The stock was 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 directly owned 1,662 shares in the company, valued at approximately $581,700. This represents a 13.08% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Isaac Woods also recently made the following trade(s):

• On Monday, September 8th, Isaac Woods sold 103 shares of Rockwell Automation stock. The stock was sold at an average price of $345.16, for a total value of $35,551.48.
• On Friday, August 29th, Isaac Woods sold 365 shares of Rockwell Automation stock. The shares were sold at an average price of $348.44, for a total transaction of $127,180.60.

Rockwell Automation Stock Down 1.6%

NYSE:ROK opened at $344.97 on Friday. 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 $38.79 billion, a P/E ratio of 40.49, a P/E/G ratio of 3.66 and a beta of 1.41. Rockwell Automation, Inc. has a fifty-two week low of $215.00 and a fifty-two week high of $360.92. The firm has a 50-day simple moving average of $345.69 and a two-hundred day simple moving average of $304.01.

Rockwell Automation (NYSE:ROK) last posted its quarterly earnings results on Wednesday, August 6th. The industrial products company reported $2.82 EPS for the quarter, beating analysts’ consensus estimates of $2.67 by $0.15. The firm had revenue of $2.14 billion for the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.71 earnings per share. Analysts predict that Rockwell Automation, Inc. will post 9.35 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

ROK has been the subject of several recent analyst reports. Stephens restated an “overweight” rating and issued a $375.00 price target (up previously from $350.00) on shares of Rockwell Automation in a research note on Wednesday, July 16th. Bank of America raised Rockwell Automation from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $360.00 to $410.00 in a research report on Wednesday, July 16th. Barclays upped their target price 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. Wells Fargo & Company set a $345.00 price objective on shares of Rockwell Automation and gave the company an “equal weight” rating in a report on Friday, August 8th. Finally, Wall Street Zen downgraded shares of Rockwell Automation from a “buy” rating to a “hold” rating in a research report on Saturday. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $340.16.

Institutional Trading of Rockwell Automation

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. grew its position in shares of Rockwell Automation by 1.5% during the second quarter. Vanguard Group Inc. now owns 14,058,406 shares of the industrial products company’s stock worth $4,669,781,000 after purchasing an additional 207,448 shares in the last quarter. Geode Capital Management LLC grew its holdings in Rockwell Automation by 1.7% during the 2nd quarter. Geode Capital Management LLC now owns 2,874,428 shares of the industrial products company’s stock valued at $950,744,000 after buying an additional 48,105 shares in the last quarter. Goldman Sachs Group Inc. raised its position in shares of Rockwell Automation by 11.8% during the first quarter. Goldman Sachs Group Inc. now owns 1,819,379 shares of the industrial products company’s stock valued at $470,091,000 after buying an additional 191,370 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Rockwell Automation by 0.6% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,579,956 shares of the industrial products company’s stock worth $408,229,000 after buying an additional 9,920 shares in the last quarter. Finally, Invesco Ltd. boosted its position in shares of Rockwell Automation by 2.2% during the first quarter. Invesco Ltd. now owns 1,448,160 shares of the industrial products company’s stock worth $374,176,000 after acquiring an additional 30,837 shares during the last quarter. 75.75% of the stock is owned by hedge funds and other institutional investors.

Rockwell Automation Company 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.