Bartlett & CO. Wealth Management LLC Lowers Stake in Rockwell Automation, Inc. $ROK

Bartlett & CO. Wealth Management LLC reduced its position in Rockwell Automation, Inc. (NYSE:ROK) by 1.3% in the second quarter, HoldingsChannel.com reports. The firm owned 31,218 shares of the industrial products company’s stock after selling 420 shares during the period. Bartlett & CO. Wealth Management LLC’s holdings in Rockwell Automation were worth $10,370,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Fifth Third Bancorp increased its stake in Rockwell Automation by 8.5% in the 1st quarter. Fifth Third Bancorp now owns 5,424 shares of the industrial products company’s stock worth $1,401,000 after buying an additional 423 shares in the last quarter. CWM LLC boosted its stake in shares of Rockwell Automation by 3.7% in the first quarter. CWM LLC now owns 2,353 shares of the industrial products company’s stock worth $608,000 after acquiring an additional 84 shares during the period. Allspring Global Investments Holdings LLC grew its position in shares of Rockwell Automation by 0.8% during the first quarter. Allspring Global Investments Holdings LLC now owns 5,652 shares of the industrial products company’s stock worth $1,462,000 after purchasing an additional 43 shares in the last quarter. Brighton Jones LLC bought a new stake in Rockwell Automation during the 4th quarter valued at approximately $281,000. Finally, J.W. Cole Advisors Inc. lifted its holdings in Rockwell Automation by 128.7% in the 1st quarter. J.W. Cole Advisors Inc. now owns 4,382 shares of the industrial products company’s stock worth $1,132,000 after purchasing an additional 2,466 shares in the last quarter. 75.75% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Rockwell Automation news, VP Terry L. Riesterer sold 269 shares of Rockwell Automation stock in a transaction on Thursday, July 17th. The shares were sold at an average price of $355.26, for a total transaction of $95,564.94. Following the completion of the transaction, the vice president directly owned 1,613 shares of the company’s stock, valued at $573,034.38. The trade was a 14.29% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Cyril Perducat sold 1,435 shares of the stock in a transaction 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 sale, the senior vice president directly owned 3,787 shares in the company, valued at approximately $1,318,178.96. This represents 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 90 days. 0.68% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. KeyCorp increased their price objective on shares of Rockwell Automation from $370.00 to $380.00 and gave the company an “overweight” rating in a report on Thursday, August 7th. CICC Research assumed coverage on shares of Rockwell Automation in a research report on Monday, July 7th. They set an “outperform” rating and a $381.00 target price for the company. Stephens reaffirmed an “overweight” rating and set a $375.00 target price (up from $350.00) on shares of Rockwell Automation in a research note on Wednesday, July 16th. Citigroup reiterated a “buy” rating and issued a $392.00 price target (up from $371.00) on shares of Rockwell Automation in a report on Monday, July 14th. Finally, Wells Fargo & Company set a $345.00 price objective on shares of Rockwell Automation and gave the company an “equal weight” rating in a report on Friday, August 8th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $340.16.

Rockwell Automation Stock Up 1.3%

Shares of NYSE ROK opened at $349.18 on Wednesday. The company has a current ratio of 1.06, a quick ratio of 0.72 and a debt-to-equity ratio of 0.72. Rockwell Automation, Inc. has a 12-month low of $215.00 and a 12-month high of $360.92. The firm’s 50-day moving average price is $345.14 and its 200-day moving average price is $310.15. The stock has a market capitalization of $39.26 billion, a price-to-earnings ratio of 40.98, a P/E/G ratio of 3.59 and a beta of 1.41.

Rockwell Automation (NYSE:ROK) last issued its quarterly earnings data on Wednesday, August 6th. The industrial products company reported $2.82 earnings per share (EPS) for the quarter, beating 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 return on equity of 30.14% and a net margin of 12.03%.The company’s quarterly revenue 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. On average, equities research analysts anticipate that Rockwell Automation, Inc. will post 9.35 EPS for the current fiscal year.

About Rockwell Automation

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.