886 Shares in Rockwell Automation, Inc. $ROK Purchased by PDS Planning Inc

PDS Planning Inc purchased a new stake in shares of Rockwell Automation, Inc. (NYSE:ROK) during the 2nd quarter, Holdings Channel reports. The institutional investor purchased 886 shares of the industrial products company’s stock, valued at approximately $294,000.

A number of other hedge funds also recently modified their holdings of ROK. Citizens National Bank Trust Department bought a new stake in shares of Rockwell Automation during the first quarter valued at approximately $26,000. Financial Gravity Asset Management Inc. acquired a new stake in Rockwell Automation during the first quarter worth $31,000. IMA Advisory Services Inc. acquired a new stake in Rockwell Automation during the first quarter worth $32,000. Cooksen Wealth LLC bought a new stake in Rockwell Automation in the 1st quarter valued at $34,000. Finally, Legend Financial Advisors Inc. acquired a new position in shares of Rockwell Automation in the 2nd quarter valued at $39,000. Institutional investors own 75.75% of the company’s stock.

Rockwell Automation Price Performance

Rockwell Automation stock opened at $333.79 on Monday. The business’s fifty day moving average is $343.79 and its two-hundred day moving average is $315.04. 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 $37.53 billion, a P/E ratio of 39.18, a P/E/G ratio of 2.98 and a beta of 1.41. Rockwell Automation, Inc. has a 52 week low of $215.00 and a 52 week high of $360.92.

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

Analyst Ratings Changes

Several analysts have recently weighed in on ROK shares. Barclays lifted their target price on shares of Rockwell Automation from $357.00 to $370.00 and gave the company an “overweight” rating in a research report on Thursday, August 14th. Stephens reaffirmed an “overweight” rating and set a $375.00 price objective (up from $350.00) on shares of Rockwell Automation in a report on Wednesday, July 16th. Weiss Ratings restated a “buy (b-)” rating on shares of Rockwell Automation in a research report on Wednesday, October 8th. Wall Street Zen upgraded Rockwell Automation from a “hold” rating to a “buy” rating in a research report on Sunday, September 21st. 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 report on Wednesday, July 16th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $340.68.

Insider Activity at Rockwell Automation

In other news, CEO Blake D. Moret sold 24,400 shares of the stock in a transaction that occurred on Thursday, September 11th. The shares were sold at an average price of $350.13, for a total transaction of $8,543,172.00. Following the sale, the chief executive officer directly owned 83,873 shares of the company’s stock, valued at $29,366,453.49. This represents a 22.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Terry L. Riesterer sold 2,100 shares of the firm’s stock in a transaction that occurred on Tuesday, July 15th. The shares were sold at an average price of $350.08, for a total transaction of $735,168.00. Following the completion of 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 disclosure for this sale can be found here. Insiders sold 31,922 shares of company stock valued at $11,191,812 in the last three months. 0.68% of the stock is currently owned by corporate insiders.

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.