Lmcg Investments LLC Has $13.92 Million Stake in Rockwell Automation, Inc. $ROK

Lmcg Investments LLC decreased its stake in Rockwell Automation, Inc. (NYSE:ROK) by 4.9% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 41,907 shares of the industrial products company’s stock after selling 2,168 shares during the quarter. Lmcg Investments LLC’s holdings in Rockwell Automation were worth $13,920,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. Howe & Rusling Inc. boosted its stake in Rockwell Automation by 4.9% in the 1st quarter. Howe & Rusling Inc. now owns 794 shares of the industrial products company’s stock valued at $205,000 after buying an additional 37 shares in the last quarter. IFP Advisors Inc raised its position in Rockwell Automation by 2.7% in the 2nd quarter. IFP Advisors Inc now owns 1,427 shares of the industrial products company’s stock valued at $476,000 after purchasing an additional 37 shares during the last quarter. Allspring Global Investments Holdings LLC raised its position in 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 purchasing an additional 43 shares during the last quarter. Wealthfront Advisers LLC raised its position in Rockwell Automation by 0.6% in the 1st quarter. Wealthfront Advisers LLC now owns 7,708 shares of the industrial products company’s stock valued at $1,992,000 after purchasing an additional 43 shares during the last quarter. Finally, Koshinski Asset Management Inc. raised its position in Rockwell Automation by 1.1% in the 1st quarter. Koshinski Asset Management Inc. now owns 4,097 shares of the industrial products company’s stock valued at $1,059,000 after purchasing an additional 46 shares during the last quarter. Institutional investors and hedge funds own 75.75% of the company’s stock.

Insider Buying and Selling at Rockwell Automation

In related news, VP Isaac Woods sold 250 shares of Rockwell Automation stock in a transaction on Thursday, September 11th. The stock was sold at an average price of $350.00, for a total transaction of $87,500.00. Following the completion of the sale, the vice president directly owned 1,662 shares of the company’s stock, valued at $581,700. The trade was a 13.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director James P. Keane sold 3,000 shares of Rockwell Automation 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 sale, the director directly owned 9,192 shares of the company’s stock, valued at approximately $3,272,903.52. This trade represents a 24.61% decrease in their ownership of the stock. 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 quarter. 0.68% of the stock is owned by corporate insiders.

Rockwell Automation Trading Down 2.6%

ROK stock opened at $333.79 on Friday. The company has a quick ratio of 0.72, a current ratio of 1.06 and a debt-to-equity ratio of 0.72. Rockwell Automation, Inc. has a twelve month low of $215.00 and a twelve month high of $360.92. The business has a fifty day moving average of $343.79 and a 200-day moving average of $314.40. The company has a market cap of $37.53 billion, a P/E ratio of 39.18, a PEG ratio of 3.07 and a beta of 1.41.

Rockwell Automation (NYSE:ROK) last announced its quarterly earnings data on Wednesday, August 6th. The industrial products company reported $2.82 EPS 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 during the quarter, compared to analysts’ expectations of $2.07 billion. During the same period in the previous year, the firm earned $2.71 earnings per share. The firm’s quarterly revenue was up 4.5% compared to the same quarter last year. As a group, equities research analysts expect that Rockwell Automation, Inc. will post 9.35 EPS for the current year.

Wall Street Analysts Forecast Growth

ROK has been the subject of several research analyst reports. CICC Research initiated coverage on Rockwell Automation in a research report on Monday, July 7th. They issued an “outperform” rating and a $381.00 price objective for the company. Citigroup reiterated a “buy” rating on shares of Rockwell Automation in a research report on Thursday. Weiss Ratings reiterated a “buy (b-)” rating on shares of Rockwell Automation in a research report on Wednesday. KeyCorp lifted their price objective on Rockwell Automation from $370.00 to $380.00 and gave the company an “overweight” rating in a research report on Thursday, August 7th. Finally, Bank of America upgraded Rockwell Automation from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $360.00 to $410.00 in a research report on Wednesday, July 16th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Rockwell Automation currently has an average rating of “Moderate Buy” and a consensus target price of $340.68.

Rockwell Automation Company 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.