Warther Private Wealth LLC Purchases Shares of 1,003 Rockwell Automation, Inc. $ROK

Warther Private Wealth LLC purchased a new stake in Rockwell Automation, Inc. (NYSE:ROK) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 1,003 shares of the industrial products company’s stock, valued at approximately $333,000.

Other large investors have also recently bought and sold shares of the company. Citizens National Bank Trust Department bought a new position in Rockwell Automation in the 1st quarter valued at $26,000. Legend Financial Advisors Inc. bought a new stake in shares of Rockwell Automation during the 2nd quarter worth $39,000. Financial Gravity Asset Management Inc. bought a new stake in shares of Rockwell Automation during the 1st quarter worth $31,000. IMA Advisory Services Inc. bought a new stake in shares of Rockwell Automation during the 1st quarter worth $32,000. Finally, Cooksen Wealth LLC bought a new stake in shares of Rockwell Automation during the 1st quarter worth $34,000. 75.75% of the stock is owned by institutional investors.

Insider Activity

In other Rockwell Automation news, SVP Cyril Perducat sold 1,435 shares of the business’s stock in a transaction dated Friday, August 29th. The shares were sold at an average price of $348.08, for a total value of $499,494.80. Following the transaction, the senior vice president owned 3,787 shares in the company, valued at approximately $1,318,178.96. The trade was a 27.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Blake D. Moret sold 24,400 shares of the business’s stock in a transaction dated 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 completion of the transaction, the chief executive officer owned 83,873 shares in the company, valued at $29,366,453.49. The trade was a 22.54% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 29,553 shares of company stock worth $10,361,079 over the last ninety days. 0.68% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Bank of America raised shares of Rockwell Automation from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $360.00 to $410.00 in a report on Wednesday, July 16th. Citigroup reaffirmed a “buy” rating on shares of Rockwell Automation in a report on Thursday, October 9th. Wells Fargo & Company lifted their price objective on shares of Rockwell Automation from $345.00 to $355.00 and gave the stock an “equal weight” rating in a report on Monday, October 6th. 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. Finally, CICC Research initiated coverage on shares of Rockwell Automation in a report on Monday, July 7th. They set an “outperform” rating and a $381.00 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $347.94.

Rockwell Automation Price Performance

Shares of NYSE:ROK opened at $350.22 on Thursday. The stock has a market cap of $39.38 billion, a PE ratio of 41.11, a PEG ratio of 3.18 and a beta of 1.41. The company’s fifty day moving average is $345.33 and its 200 day moving average is $319.55. Rockwell Automation, Inc. has a 52 week low of $215.00 and a 52 week high of $360.92. 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 (NYSE:ROK) last released its quarterly earnings data 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. Rockwell Automation had a net margin of 12.03% and a return on equity of 30.14%. The firm had revenue of $2.14 billion for the quarter, compared to analysts’ expectations of $2.07 billion. During the same quarter in the previous year, the company earned $2.71 earnings per share. The company’s revenue for the quarter 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 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.