Signature Estate & Investment Advisors LLC Takes $233,000 Position in Rockwell Automation, Inc. $ROK

Signature Estate & Investment Advisors LLC bought a new stake in shares of Rockwell Automation, Inc. (NYSE:ROK) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 701 shares of the industrial products company’s stock, valued at approximately $233,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of ROK. Robeco Institutional Asset Management B.V. lifted its position 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 worth $132,638,000 after buying an additional 350,662 shares during the last quarter. Great Lakes Advisors LLC bought a new stake in Rockwell Automation in the first quarter worth $73,908,000. Nuveen LLC bought a new stake in Rockwell Automation in the first quarter worth $63,632,000. Raymond James Financial Inc. lifted its position in 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 buying an additional 243,249 shares during the last quarter. Finally, Assenagon Asset Management S.A. lifted its position in Rockwell Automation by 1,950.4% in the second quarter. Assenagon Asset Management S.A. now owns 202,788 shares of the industrial products company’s stock worth $67,360,000 after buying an additional 192,898 shares during the last quarter. 75.75% of the stock is currently owned by institutional investors.

Insider Transactions at Rockwell Automation

In other news, CEO Blake D. Moret sold 24,400 shares of the firm’s stock in a transaction on Thursday, September 11th. The stock was sold at an average price of $350.13, for a total transaction of $8,543,172.00. Following the transaction, the chief executive officer owned 83,873 shares in the company, valued at approximately $29,366,453.49. This trade represents a 22.54% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director James P. Keane sold 3,000 shares of the firm’s 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 directly owned 9,192 shares in the company, valued at approximately $3,272,903.52. The trade was a 24.61% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 29,553 shares of company stock worth $10,361,079. Corporate insiders own 0.68% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on ROK. Citigroup restated a “buy” rating on shares of Rockwell Automation in a research report on Thursday, October 9th. Wall Street Zen upgraded Rockwell Automation from a “hold” rating to a “buy” rating in a research report on Sunday, September 21st. Bank of America upgraded Rockwell Automation from a “neutral” rating to a “buy” rating and raised their price target for the stock from $360.00 to $410.00 in a research report on Wednesday, July 16th. Weiss Ratings restated a “buy (b-)” rating on shares of Rockwell Automation in a research report on Wednesday, October 8th. Finally, Stephens restated an “overweight” rating and issued a $375.00 price target (up from $350.00) on shares of Rockwell Automation in a research report on Wednesday, July 16th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $347.94.

Rockwell Automation Stock Performance

ROK stock opened at $354.07 on Wednesday. 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 business’s fifty day simple moving average is $345.31 and its two-hundred day simple moving average is $319.34. Rockwell Automation, Inc. has a twelve month low of $215.00 and a twelve month high of $360.92. The firm has a market cap of $39.81 billion, a price-to-earnings ratio of 41.56, a PEG ratio of 3.16 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 earnings per share for the quarter, topping 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 for the quarter, compared to analyst estimates of $2.07 billion. During the same quarter last year, the firm posted $2.71 earnings per share. The business’s revenue was up 4.5% compared to the same quarter last year. Analysts predict 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.