Checchi Capital Advisers LLC Has $465,000 Stake in Rockwell Automation, Inc. $ROK

Checchi Capital Advisers LLC lowered its holdings in shares of Rockwell Automation, Inc. (NYSE:ROK) by 5.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,401 shares of the industrial products company’s stock after selling 79 shares during the quarter. Checchi Capital Advisers LLC’s holdings in Rockwell Automation were worth $465,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Howe & Rusling Inc. raised its holdings in Rockwell Automation by 4.9% during the 1st quarter. Howe & Rusling Inc. now owns 794 shares of the industrial products company’s stock worth $205,000 after buying an additional 37 shares during the period. Allspring Global Investments Holdings LLC raised its holdings in shares of Rockwell Automation by 0.8% during the first quarter. Allspring Global Investments Holdings LLC now owns 5,652 shares of the industrial products company’s stock worth $1,462,000 after acquiring an additional 43 shares during the period. Wealthfront Advisers LLC lifted its position in Rockwell Automation by 0.6% in the 1st quarter. Wealthfront Advisers LLC now owns 7,708 shares of the industrial products company’s stock valued at $1,992,000 after acquiring an additional 43 shares in the last quarter. Kelly Financial Services LLC lifted its position in Rockwell Automation by 4.4% in the 1st quarter. Kelly Financial Services LLC now owns 1,096 shares of the industrial products company’s stock valued at $283,000 after acquiring an additional 46 shares in the last quarter. Finally, Koshinski Asset Management Inc. boosted its stake in Rockwell Automation by 1.1% in the 1st quarter. Koshinski Asset Management Inc. now owns 4,097 shares of the industrial products company’s stock worth $1,059,000 after purchasing an additional 46 shares during the period. Institutional investors own 75.75% of the company’s stock.

Insider Activity at Rockwell Automation

In other news, VP Terry L. Riesterer sold 2,100 shares of the company’s stock in a transaction dated Tuesday, July 15th. The shares were sold at an average price of $350.08, for a total value of $735,168.00. Following the sale, the vice president directly owned 1,033 shares of the company’s stock, valued at approximately $361,632.64. This represents a 67.03% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Isaac Woods sold 365 shares of Rockwell Automation stock in a transaction dated 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 owned 1,691 shares of the company’s stock, valued at $589,212.04. The trade was a 17.75% 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 over the last ninety days. Company insiders own 0.68% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Wells Fargo & Company boosted their price target on Rockwell Automation from $345.00 to $355.00 and gave the company an “equal weight” rating in a report on Monday. CICC Research assumed coverage on Rockwell Automation in a research note on Monday, July 7th. They issued an “outperform” rating and a $381.00 target price on the stock. Barclays upped their price target on Rockwell Automation from $357.00 to $370.00 and gave the stock an “overweight” rating in a research report on Thursday, August 14th. Stephens reiterated an “overweight” rating and issued a $375.00 price objective (up from $350.00) on shares of Rockwell Automation in a report on Wednesday, July 16th. Finally, Oppenheimer reduced their target price on shares of Rockwell Automation from $371.00 to $363.00 and set an “outperform” rating for the company in a report on Thursday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Rockwell Automation has a consensus rating of “Moderate Buy” and an average price target of $340.68.

Rockwell Automation Trading Down 0.2%

Shares of Rockwell Automation stock opened at $348.69 on Tuesday. The stock has a market cap of $39.20 billion, a P/E ratio of 40.93, a P/E/G ratio of 3.10 and a beta of 1.41. 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 12-month low of $215.00 and a 12-month high of $360.92. The business’s 50 day moving average is $344.46 and its 200-day moving average is $313.01.

Rockwell Automation (NYSE:ROK) last issued 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 business had revenue of $2.14 billion for the quarter, compared to the consensus estimate of $2.07 billion. Rockwell Automation had a net margin of 12.03% and a return on equity of 30.14%. The firm’s revenue for the quarter was up 4.5% on a year-over-year basis. During the same period in the previous year, the company earned $2.71 earnings per share. Equities research analysts predict 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.