Roberts Wealth Advisors LLC Grows Position in Rockwell Automation, Inc. $ROK

Roberts Wealth Advisors LLC boosted its holdings in shares of Rockwell Automation, Inc. (NYSE:ROK) by 0.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,169 shares of the industrial products company’s stock after acquiring an additional 48 shares during the period. Rockwell Automation comprises about 1.3% of Roberts Wealth Advisors LLC’s portfolio, making the stock its 29th largest position. Roberts Wealth Advisors LLC’s holdings in Rockwell Automation were worth $4,374,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Capital Investment Advisors LLC boosted its stake in shares of Rockwell Automation by 5.7% during the second quarter. Capital Investment Advisors LLC now owns 2,192 shares of the industrial products company’s stock valued at $728,000 after purchasing an additional 119 shares in the last quarter. Fifth Third Bancorp lifted its holdings in Rockwell Automation by 8.5% during the first 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 during the period. CWM LLC increased its holdings in shares of Rockwell Automation by 3.7% in the 1st quarter. CWM LLC now owns 2,353 shares of the industrial products company’s stock valued at $608,000 after acquiring an additional 84 shares during the period. Allspring Global Investments Holdings LLC increased its holdings in shares of Rockwell Automation by 0.8% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 5,652 shares of the industrial products company’s stock valued at $1,462,000 after acquiring an additional 43 shares during the period. Finally, Brighton Jones LLC bought a new position in shares of Rockwell Automation in the 4th quarter worth $281,000. Institutional investors own 75.75% of the company’s stock.

Rockwell Automation Stock Down 0.2%

ROK stock opened at $348.69 on Tuesday. The stock has a market capitalization of $39.20 billion, a PE ratio of 40.93, a price-to-earnings-growth ratio of 3.10 and a beta of 1.41. Rockwell Automation, Inc. has a 52 week low of $215.00 and a 52 week high of $360.92. 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 firm has a 50 day moving average of $344.46 and a 200 day moving average of $313.01.

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

Insider Buying and Selling

In other Rockwell Automation news, Director James P. Keane sold 3,000 shares of Rockwell Automation stock in a transaction dated 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 completion of the sale, the director owned 9,192 shares of the company’s stock, valued at approximately $3,272,903.52. The trade was a 24.61% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Cyril Perducat sold 1,435 shares of the stock in a transaction dated Friday, August 29th. The shares were sold at an average price of $348.08, for a total value of $499,494.80. Following the completion of the transaction, the senior vice president directly owned 3,787 shares in the company, valued at $1,318,178.96. This represents a 27.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 31,922 shares of company stock worth $11,191,812 over the last three months. Corporate insiders own 0.68% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on ROK. Citigroup reaffirmed a “buy” rating and set a $392.00 price objective (up previously from $371.00) on shares of Rockwell Automation in a research report on Monday, July 14th. Stephens restated an “overweight” rating and issued a $375.00 price target (up from $350.00) on shares of Rockwell Automation in a report on Wednesday, July 16th. Oppenheimer cut their price objective on shares of Rockwell Automation from $371.00 to $363.00 and set an “outperform” rating on the stock in a research report on Thursday, August 7th. Wall Street Zen raised shares of Rockwell Automation from a “hold” rating to a “buy” rating in a research report on Sunday, September 21st. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Rockwell Automation in a report on Saturday, September 27th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $340.68.

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.