Rockwell Automation, Inc. $ROK Stock Position Reduced by Greenleaf Trust

Greenleaf Trust lessened its position in shares of Rockwell Automation, Inc. (NYSE:ROK) by 6.7% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,019 shares of the industrial products company’s stock after selling 362 shares during the period. Greenleaf Trust’s holdings in Rockwell Automation were worth $1,667,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Brighton Jones LLC bought a new position in Rockwell Automation during the fourth quarter worth $281,000. Fifth Third Wealth Advisors LLC lifted its position in shares of Rockwell Automation by 6.5% in the 1st quarter. Fifth Third Wealth Advisors LLC now owns 1,309 shares of the industrial products company’s stock worth $338,000 after buying an additional 80 shares during the last quarter. NBC Securities Inc. bought a new position in shares of Rockwell Automation in the 1st quarter worth about $216,000. AEGON ASSET MANAGEMENT UK Plc lifted its holdings in Rockwell Automation by 25.6% in the first quarter. AEGON ASSET MANAGEMENT UK Plc now owns 50,394 shares of the industrial products company’s stock worth $13,011,000 after acquiring an additional 10,281 shares during the last quarter. Finally, Apella Capital LLC bought a new position in Rockwell Automation in the first quarter worth about $233,000. Institutional investors own 75.75% of the company’s stock.

Insider Activity at Rockwell Automation

In other news, Director James P. Keane sold 3,000 shares of the business’s stock in a transaction 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 sale, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Cyril Perducat sold 1,435 shares of the business’s 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 sale, 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 position. The disclosure for this sale can be found here. Insiders sold 31,922 shares of company stock valued at $11,191,812 over the last ninety days. Company insiders own 0.68% of the company’s stock.

Rockwell Automation Stock Down 0.0%

NYSE ROK opened at $349.41 on Thursday. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.06 and a quick ratio of 0.72. The company’s 50 day simple moving average is $344.97 and its 200 day simple moving average is $310.42. Rockwell Automation, Inc. has a 12 month low of $215.00 and a 12 month high of $360.92. The company has a market capitalization of $39.28 billion, a P/E ratio of 41.01, a PEG ratio of 3.65 and a beta of 1.41.

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

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on ROK shares. Citigroup reissued a “buy” rating and issued a $392.00 target price (up previously from $371.00) on shares of Rockwell Automation in a report on Monday, July 14th. CICC Research assumed coverage on Rockwell Automation in a report on Monday, July 7th. They issued an “outperform” rating and a $381.00 price target on the stock. Stephens reissued an “overweight” rating and issued a $375.00 price target (up previously from $350.00) on shares of Rockwell Automation in a report on Wednesday, July 16th. Wells Fargo & Company set a $345.00 target price on Rockwell Automation and gave the company an “equal weight” rating in a research note on Friday, August 8th. Finally, Oppenheimer cut their target price on Rockwell Automation from $371.00 to $363.00 and set an “outperform” rating on the stock in a research note on Thursday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $340.16.

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.