Strengthening Families & Communities LLC Increases Holdings in Rockwell Automation, Inc. $ROK

Strengthening Families & Communities LLC grew its holdings in shares of Rockwell Automation, Inc. (NYSE:ROK) by 52.8% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 831 shares of the industrial products company’s stock after buying an additional 287 shares during the period. Strengthening Families & Communities LLC’s holdings in Rockwell Automation were worth $276,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the business. PDS Planning Inc purchased a new stake in Rockwell Automation during the 2nd quarter worth about $294,000. Robertson Stephens Wealth Management LLC acquired a new stake in shares of Rockwell Automation during the second quarter worth about $389,000. Cyndeo Wealth Partners LLC increased its position in shares of Rockwell Automation by 3.9% during the second quarter. Cyndeo Wealth Partners LLC now owns 2,636 shares of the industrial products company’s stock worth $876,000 after purchasing an additional 100 shares in the last quarter. L. Roy Papp & Associates LLP increased its position in shares of Rockwell Automation by 14.0% during the second quarter. L. Roy Papp & Associates LLP now owns 21,030 shares of the industrial products company’s stock worth $6,986,000 after purchasing an additional 2,579 shares in the last quarter. Finally, Vantage Point Financial LLC acquired a new stake in shares of Rockwell Automation during the second quarter worth about $218,000. 75.75% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on ROK shares. Oppenheimer cut their target price on Rockwell Automation from $371.00 to $363.00 and set an “outperform” rating on the stock in a research report on Thursday, August 7th. Citigroup reiterated a “buy” rating on shares of Rockwell Automation in a research report on Thursday. CICC Research began coverage on Rockwell Automation in a research report on Monday, July 7th. They set an “outperform” rating and a $381.00 target price on the stock. Wall Street Zen upgraded Rockwell Automation from a “hold” rating to a “buy” rating in a research report on Sunday, September 21st. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Rockwell Automation in a research report on Wednesday. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $340.68.

Rockwell Automation Stock Down 2.6%

Rockwell Automation stock opened at $333.79 on Friday. 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, Inc. has a 1-year low of $215.00 and a 1-year high of $360.92. The company has a market cap of $37.53 billion, a PE ratio of 39.18, a price-to-earnings-growth ratio of 3.07 and a beta of 1.41. The stock’s 50 day moving average price is $343.79 and its 200 day moving average price is $314.40.

Rockwell Automation (NYSE:ROK) last posted 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 for the quarter, compared to the consensus estimate of $2.07 billion. During the same period in the previous year, the business earned $2.71 earnings per share. The company’s revenue for the quarter was up 4.5% compared to the same quarter last year. On average, sell-side analysts predict that Rockwell Automation, Inc. will post 9.35 EPS for the current fiscal year.

Insider Transactions at Rockwell Automation

In related news, Director James P. Keane sold 3,000 shares of Rockwell Automation stock in a transaction that occurred 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 in the company, valued at $3,272,903.52. The trade was a 24.61% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Isaac Woods sold 250 shares of the company’s stock in a transaction that occurred on Thursday, September 11th. The stock was sold at an average price of $350.00, for a total value of $87,500.00. Following the completion of the sale, the vice president owned 1,662 shares in the company, valued at approximately $581,700. This represents a 13.08% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 31,922 shares of company stock valued at $11,191,812. 0.68% of the stock is owned by company insiders.

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.