Rockwell Automation, Inc. $ROK Shares Purchased by McGuire Investment Group LLC

McGuire Investment Group LLC boosted its holdings in Rockwell Automation, Inc. (NYSE:ROK) by 0.4% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 15,864 shares of the industrial products company’s stock after buying an additional 57 shares during the quarter. McGuire Investment Group LLC’s holdings in Rockwell Automation were worth $5,270,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in ROK. Robeco Institutional Asset Management B.V. increased its stake in Rockwell Automation by 720.8% in the second quarter. Robeco Institutional Asset Management B.V. now owns 399,309 shares of the industrial products company’s stock valued at $132,638,000 after purchasing an additional 350,662 shares during the last quarter. Great Lakes Advisors LLC purchased a new position in shares of Rockwell Automation in the 1st quarter worth about $73,908,000. Nuveen LLC purchased a new position in shares of Rockwell Automation in the 1st quarter worth about $63,632,000. Raymond James Financial Inc. raised its holdings in shares of Rockwell Automation by 213.7% in the 1st quarter. Raymond James Financial Inc. now owns 357,080 shares of the industrial products company’s stock worth $92,263,000 after purchasing an additional 243,249 shares during the period. Finally, Assenagon Asset Management S.A. raised its holdings in shares of Rockwell Automation by 1,950.4% in the 2nd quarter. Assenagon Asset Management S.A. now owns 202,788 shares of the industrial products company’s stock worth $67,360,000 after purchasing an additional 192,898 shares during the period. 75.75% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently commented on ROK shares. Barclays raised their price objective on Rockwell Automation from $357.00 to $370.00 and gave the stock an “overweight” rating in a report on Thursday, August 14th. Citigroup restated a “buy” rating and issued a $392.00 price objective (up from $371.00) on shares of Rockwell Automation in a report on Monday, July 14th. KeyCorp raised their price objective on Rockwell Automation from $370.00 to $380.00 and gave the stock an “overweight” rating in a report on Thursday, August 7th. CICC Research started coverage on Rockwell Automation in a report on Monday, July 7th. They issued an “outperform” rating and a $381.00 price objective on the stock. Finally, Stephens restated 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. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Rockwell Automation currently has a consensus rating of “Moderate Buy” and a consensus price target of $340.16.

Insider Transactions at Rockwell Automation

In related news, SVP Cyril Perducat sold 1,435 shares of the stock in a transaction dated Friday, August 29th. The stock was sold at an average price of $348.08, for a total value of $499,494.80. Following the completion of the transaction, the senior vice president owned 3,787 shares of the company’s stock, valued at approximately $1,318,178.96. This represents a 27.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP Isaac Woods sold 365 shares of the stock in a transaction dated Friday, August 29th. The shares were sold at an average price of $348.44, for a total value of $127,180.60. Following the completion of the transaction, the vice president directly owned 1,691 shares of the company’s stock, valued at $589,212.04. This represents a 17.75% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 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 company insiders.

Rockwell Automation Price Performance

ROK stock opened at $349.41 on Thursday. 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, Inc. has a 1 year low of $215.00 and a 1 year high of $360.92. The firm has a market cap of $39.28 billion, a P/E ratio of 41.01, a price-to-earnings-growth ratio of 3.65 and a beta of 1.41. The stock has a 50-day simple moving average of $344.97 and a 200-day simple moving average of $310.42.

Rockwell Automation (NYSE:ROK) last posted its 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. 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 analyst estimates of $2.07 billion. During the same quarter last year, the firm earned $2.71 earnings per share. The company’s revenue for the quarter was up 4.5% compared to the same quarter last year. On average, equities 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.