Childress Capital Advisors LLC Acquires New Holdings in Rockwell Automation, Inc. $ROK

Childress Capital Advisors LLC acquired a new stake in shares of Rockwell Automation, Inc. (NYSE:ROK) during the second quarter, HoldingsChannel reports. The fund acquired 680 shares of the industrial products company’s stock, valued at approximately $226,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Fifth Third Bancorp lifted its holdings in Rockwell Automation by 8.5% in the first 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 period. CWM LLC lifted its holdings in Rockwell Automation by 3.7% in the first 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 during the period. Allspring Global Investments Holdings LLC lifted its stake in shares of Rockwell Automation by 0.8% in 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 purchasing an additional 43 shares during the period. Brighton Jones LLC purchased a new position in shares of Rockwell Automation in the fourth quarter worth approximately $281,000. Finally, J.W. Cole Advisors Inc. boosted its holdings in shares of Rockwell Automation by 128.7% in the first quarter. J.W. Cole Advisors Inc. now owns 4,382 shares of the industrial products company’s stock worth $1,132,000 after buying an additional 2,466 shares during the last quarter. 75.75% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms recently issued reports on ROK. Stephens reissued an “overweight” rating and issued a $375.00 price objective (up previously from $350.00) on shares of Rockwell Automation in a report on Wednesday, July 16th. Barclays lifted their price target on shares of Rockwell Automation from $357.00 to $370.00 and gave the stock an “overweight” rating in a research note on Thursday, August 14th. CICC Research assumed coverage on Rockwell Automation in a research report on Monday, July 7th. They set an “outperform” rating and a $381.00 target price on the stock. Oppenheimer lowered their target price on Rockwell Automation from $371.00 to $363.00 and set an “outperform” rating on the stock in a research report on Thursday, August 7th. Finally, Bank of America raised Rockwell Automation from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $360.00 to $410.00 in a research report on Wednesday, July 16th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Rockwell Automation presently has a consensus rating of “Moderate Buy” and a consensus target price of $340.16.

Insider Buying and Selling

In related news, VP Isaac Woods sold 365 shares of the business’s stock in a transaction that occurred on Friday, August 29th. The stock was sold at an average price of $348.44, for a total value of $127,180.60. Following the transaction, the vice president directly owned 1,691 shares of the company’s stock, valued at approximately $589,212.04. The trade was a 17.75% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Terry L. Riesterer sold 2,100 shares of the business’s stock in a transaction on Tuesday, July 15th. The stock was sold at an average price of $350.08, for a total transaction of $735,168.00. Following the completion of the transaction, the vice president directly owned 1,033 shares in the company, valued at $361,632.64. This trade represents a 67.03% decrease in their position. The disclosure for this sale can be found here. Insiders sold 31,922 shares of company stock worth $11,191,812 in the last quarter. 0.68% of the stock is owned by insiders.

Rockwell Automation Stock Down 0.0%

ROK opened at $349.41 on Thursday. The firm’s fifty day moving average is $344.97 and its 200 day moving average is $310.42. Rockwell Automation, Inc. has a fifty-two week low of $215.00 and a fifty-two week high of $360.92. The stock has a market cap of $39.28 billion, a price-to-earnings ratio of 41.01, a price-to-earnings-growth ratio of 3.65 and a beta of 1.41. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.72 and a current ratio of 1.06.

Rockwell Automation (NYSE:ROK) last announced its quarterly earnings data on Wednesday, August 6th. The industrial products company reported $2.82 EPS for the quarter, beating 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 business had revenue of $2.14 billion for the quarter, compared to the consensus estimate of $2.07 billion. During the same period in the previous year, the business earned $2.71 earnings per share. The business’s revenue was up 4.5% on a year-over-year basis. On average, sell-side analysts forecast that Rockwell Automation, Inc. will post 9.35 earnings per share for the current fiscal 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.