MONECO Advisors LLC Acquires 44 Shares of Rockwell Automation, Inc. (NYSE:ROK)

MONECO Advisors LLC boosted its holdings in Rockwell Automation, Inc. (NYSE:ROK) by 1.8% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,490 shares of the industrial products company’s stock after purchasing an additional 44 shares during the quarter. MONECO Advisors LLC’s holdings in Rockwell Automation were worth $712,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. FFT Wealth Management LLC purchased a new stake in Rockwell Automation in the second quarter worth $25,000. Lumature Wealth Partners LLC bought a new stake in Rockwell Automation during the first quarter valued at about $27,000. SRS Capital Advisors Inc. bought a new stake in Rockwell Automation during the second quarter valued at about $37,000. Allred Capital Management LLC bought a new stake in Rockwell Automation during the first quarter valued at about $36,000. Finally, Total Clarity Wealth Management Inc. acquired a new stake in Rockwell Automation in the first quarter worth about $45,000. Hedge funds and other institutional investors own 77.99% of the company’s stock.

In other Rockwell Automation news, SVP Ernest Nicolas sold 2,300 shares of the company’s stock in a transaction dated Wednesday, July 7th. The shares were sold at an average price of $290.00, for a total transaction of $667,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Christopher Nardecchia sold 2,171 shares of the company’s stock in a transaction dated Friday, July 16th. The shares were sold at an average price of $295.44, for a total transaction of $641,400.24. Following the sale, the senior vice president now owns 10,233 shares of the company’s stock, valued at $3,023,237.52. The disclosure for this sale can be found here. Over the last three months, insiders have sold 21,564 shares of company stock worth $6,494,604. Company insiders own 0.79% of the company’s stock.

ROK stock traded up $4.71 during midday trading on Wednesday, reaching $318.02. The company had a trading volume of 4,104 shares, compared to its average volume of 677,866. The company has a quick ratio of 1.04, a current ratio of 1.34 and a debt-to-equity ratio of 0.77. The stock has a 50 day moving average price of $309.40 and a 200 day moving average price of $282.49. Rockwell Automation, Inc. has a fifty-two week low of $206.57 and a fifty-two week high of $327.20. The firm has a market capitalization of $36.90 billion, a PE ratio of 23.79, a P/E/G ratio of 3.46 and a beta of 1.38.

Rockwell Automation (NYSE:ROK) last announced its earnings results on Monday, July 26th. The industrial products company reported $2.31 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.09 by $0.22. The firm had revenue of $1.85 billion for the quarter, compared to analysts’ expectations of $1.79 billion. Rockwell Automation had a return on equity of 53.06% and a net margin of 22.82%. The firm’s quarterly revenue was up 32.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.27 earnings per share. Research analysts predict that Rockwell Automation, Inc. will post 9.3 EPS for the current year.

ROK has been the subject of several research analyst reports. Zacks Investment Research cut Rockwell Automation from a “buy” rating to a “hold” rating and set a $323.00 price objective for the company. in a research note on Friday, July 30th. Oppenheimer restated a “buy” rating and issued a $286.00 price objective on shares of Rockwell Automation in a research report on Friday, June 25th. Deutsche Bank Aktiengesellschaft lifted their price target on Rockwell Automation from $299.00 to $305.00 and gave the stock a “hold” rating in a research note on Wednesday, July 28th. Robert W. Baird lifted their price target on Rockwell Automation from $280.00 to $310.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 28th. Finally, Morgan Stanley boosted their price objective on Rockwell Automation from $313.00 to $327.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 28th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, Rockwell Automation presently has a consensus rating of “Hold” and a consensus target price of $283.25.

About Rockwell Automation

Rockwell Automation, Inc engages in the provision of industrial automation and information services. It operates through the following segments: Architecture and Software, and Control Products and Solutions . The Architecture and Software segment contains hardware, software, and communication components of its integrated control and information architecture which are capable of controlling the customer’s industrial processes and connecting with their business enterprise.

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

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