Talbot Financial LLC Purchases 4,193 Shares of Rockwell Automation, Inc. $ROK

Talbot Financial LLC grew its position in Rockwell Automation, Inc. (NYSE:ROKFree Report) by 16.3% in the second quarter, Holdings Channel.com reports. The fund owned 29,908 shares of the industrial products company’s stock after buying an additional 4,193 shares during the period. Talbot Financial LLC’s holdings in Rockwell Automation were worth $9,935,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently modified their holdings of ROK. Citizens National Bank Trust Department bought a new stake in shares of Rockwell Automation in the 1st quarter worth approximately $26,000. Financial Gravity Asset Management Inc. bought a new stake in shares of Rockwell Automation in the 1st quarter worth approximately $31,000. IMA Advisory Services Inc. bought a new position in shares of Rockwell Automation during the 1st quarter worth approximately $32,000. Cooksen Wealth LLC bought a new position in shares of Rockwell Automation during the 1st quarter worth approximately $34,000. Finally, Legend Financial Advisors Inc. bought a new position in shares of Rockwell Automation during the 2nd quarter worth approximately $39,000. Institutional investors own 75.75% of the company’s stock.

Insider Buying and Selling

In other news, SVP Cyril Perducat sold 1,435 shares of Rockwell Automation stock in a transaction on 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 sale, the senior vice president directly 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director James P. Keane sold 3,000 shares of the firm’s stock in a transaction on Tuesday, August 26th. The stock was sold at an average price of $356.06, for a total value of $1,068,180.00. Following the completion of the transaction, the director owned 9,192 shares in the company, valued at $3,272,903.52. This represents a 24.61% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 31,922 shares of company stock worth $11,191,812. 0.68% of the stock is currently owned by company insiders.

Rockwell Automation Trading Up 0.1%

ROK stock opened at $349.05 on Friday. The business has a fifty day moving average price of $344.60 and a 200 day moving average price of $312.01. Rockwell Automation, Inc. has a fifty-two week low of $215.00 and a fifty-two week high of $360.92. The stock has a market capitalization of $39.24 billion, a price-to-earnings ratio of 40.97, a P/E/G ratio of 3.14 and a beta of 1.41. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.06 and a quick ratio of 0.72.

Rockwell Automation (NYSE:ROKGet Free Report) last released its quarterly earnings results on Wednesday, August 6th. The industrial products company reported $2.82 earnings per share 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 firm had revenue of $2.14 billion during the quarter, compared to analysts’ expectations of $2.07 billion. During the same period last year, the firm posted $2.71 EPS. The business’s revenue was up 4.5% on a year-over-year basis. Analysts expect that Rockwell Automation, Inc. will post 9.35 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. Wells Fargo & Company set a $345.00 target price on Rockwell Automation and gave the stock an “equal weight” rating in a research report on Friday, August 8th. Citigroup restated a “buy” rating and set a $392.00 target price (up previously from $371.00) on shares of Rockwell Automation in a research report on Monday, July 14th. Bank of America upgraded Rockwell Automation from a “neutral” rating to a “buy” rating and raised their target price for the stock from $360.00 to $410.00 in a research report on Wednesday, July 16th. Barclays raised their target price on Rockwell Automation from $357.00 to $370.00 and gave the stock an “overweight” rating in a research report on Thursday, August 14th. Finally, KeyCorp raised their target price on Rockwell Automation from $370.00 to $380.00 and gave the stock an “overweight” rating in a research report on Thursday, August 7th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $340.16.

View Our Latest Research Report on Rockwell Automation

Rockwell Automation Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Rockwell Automation (NYSE:ROK)

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