Rockwell Automation, Inc. $ROK Shares Sold by Empirical Financial Services LLC d.b.a. Empirical Wealth Management

Empirical Financial Services LLC d.b.a. Empirical Wealth Management decreased its stake in Rockwell Automation, Inc. (NYSE:ROK) by 2.7% during the 2nd quarter, Holdings Channel reports. The firm owned 1,329 shares of the industrial products company’s stock after selling 37 shares during the quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management’s holdings in Rockwell Automation were worth $442,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of ROK. Robeco Institutional Asset Management B.V. boosted its holdings in Rockwell Automation by 720.8% in the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 399,309 shares of the industrial products company’s stock worth $132,638,000 after buying an additional 350,662 shares during the last quarter. Great Lakes Advisors LLC acquired a new stake in shares of Rockwell Automation in the first quarter worth approximately $73,908,000. Nuveen LLC acquired a new stake in shares of Rockwell Automation in the first quarter worth approximately $63,632,000. Raymond James Financial Inc. boosted its stake in shares of Rockwell Automation by 213.7% in the first quarter. Raymond James Financial Inc. now owns 357,080 shares of the industrial products company’s stock worth $92,263,000 after acquiring an additional 243,249 shares during the last quarter. Finally, Assenagon Asset Management S.A. boosted its stake in Rockwell Automation by 1,950.4% during 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 last quarter. 75.75% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Rockwell Automation

In related news, SVP Cyril Perducat sold 1,435 shares of the stock in a transaction that occurred on Friday, August 29th. The shares were sold at an average price of $348.08, for a total transaction 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 trade represents a 27.48% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director James P. Keane sold 3,000 shares of the stock in a transaction that occurred on Tuesday, August 26th. The stock was sold at an average price of $356.06, for a total transaction of $1,068,180.00. Following the transaction, the director directly owned 9,192 shares of the company’s stock, valued at $3,272,903.52. The trade was a 24.61% 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 over the last quarter. 0.68% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Wall Street Zen raised shares of Rockwell Automation from a “hold” rating to a “buy” rating in a research note on Sunday, September 21st. Wells Fargo & Company set a $345.00 price objective on shares of Rockwell Automation and gave the company an “equal weight” rating in a research note on Friday, August 8th. Oppenheimer dropped their price target on Rockwell Automation from $371.00 to $363.00 and set an “outperform” rating for the company in a research report on Thursday, August 7th. Barclays upped their price target on Rockwell Automation from $357.00 to $370.00 and gave the company an “overweight” rating in a research report on Thursday, August 14th. Finally, KeyCorp upped their target price on Rockwell Automation from $370.00 to $380.00 and gave the company an “overweight” rating in a report on Thursday, August 7th. One 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 issued a Sell rating to the company. According to MarketBeat.com, Rockwell Automation presently has a consensus rating of “Moderate Buy” and a consensus price target of $340.16.

Rockwell Automation Trading Up 0.1%

Shares of Rockwell Automation stock opened at $349.05 on Monday. The firm has a market capitalization of $39.24 billion, a price-to-earnings ratio of 40.97, a PEG ratio of 3.10 and a beta of 1.41. Rockwell Automation, Inc. has a fifty-two week low of $215.00 and a fifty-two week high of $360.92. 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 stock has a 50 day moving average of $344.60 and a 200 day moving average of $312.39.

Rockwell Automation (NYSE:ROK) last issued its quarterly earnings data on Wednesday, August 6th. The industrial products company reported $2.82 earnings per share for the quarter, topping the consensus estimate of $2.67 by $0.15. The company had revenue of $2.14 billion during the quarter, compared to analyst estimates 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 prior year, the business posted $2.71 earnings per share. As a group, research analysts predict that Rockwell Automation, Inc. will post 9.35 earnings per share for the current year.

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.