Cidel Asset Management Inc. Acquires Shares of 613 Rockwell Automation, Inc. $ROK

Cidel Asset Management Inc. acquired a new stake in Rockwell Automation, Inc. (NYSE:ROK) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 613 shares of the industrial products company’s stock, valued at approximately $204,000.

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

Analyst Ratings Changes

Several brokerages recently weighed in 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. Weiss Ratings reissued a “buy (b-)” rating on shares of Rockwell Automation in a report on Wednesday, October 8th. Citigroup reissued a “buy” rating on shares of Rockwell Automation in a report on Thursday, October 9th. Wall Street Zen raised Rockwell Automation from a “hold” rating to a “buy” rating in a report on Sunday, September 21st. Finally, Wells Fargo & Company lifted their price objective on Rockwell Automation from $345.00 to $355.00 and gave the stock an “equal weight” rating in a report on Monday, October 6th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $347.94.

Rockwell Automation Stock Up 1.5%

Shares of NYSE ROK opened at $352.93 on Tuesday. Rockwell Automation, Inc. has a 52 week low of $215.00 and a 52 week high of $360.92. The business has a 50-day simple moving average of $345.02 and a two-hundred day simple moving average of $319.09. The company has a quick ratio of 0.72, a current ratio of 1.06 and a debt-to-equity ratio of 0.72. The company has a market cap of $39.68 billion, a P/E ratio of 41.42, a P/E/G ratio of 3.12 and a beta of 1.41.

Rockwell Automation (NYSE:ROK) last issued its earnings results on Wednesday, August 6th. The industrial products company reported $2.82 EPS for the quarter, topping 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 during the quarter, compared to the consensus estimate of $2.07 billion. During the same quarter last year, the company earned $2.71 EPS. The firm’s revenue was up 4.5% compared to the same quarter last year. Research analysts anticipate that Rockwell Automation, Inc. will post 9.35 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, VP Isaac Woods sold 250 shares of Rockwell Automation stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of $350.00, for a total transaction of $87,500.00. Following the completion of the sale, the vice president owned 1,662 shares in the company, valued at approximately $581,700. This trade represents a 13.08% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director James P. Keane sold 3,000 shares of Rockwell Automation stock in a transaction dated Tuesday, August 26th. The shares were sold at an average price of $356.06, for a total value of $1,068,180.00. Following the sale, the director 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 disclosure for this sale can be found here. In the last 90 days, insiders have sold 29,553 shares of company stock worth $10,361,079. Insiders own 0.68% of the company’s stock.

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.