Wilmington Savings Fund Society FSB Purchases 183 Shares of Rockwell Automation, Inc. $ROK

Wilmington Savings Fund Society FSB grew its position in Rockwell Automation, Inc. (NYSE:ROK) by 9.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,038 shares of the industrial products company’s stock after purchasing an additional 183 shares during the quarter. Wilmington Savings Fund Society FSB’s holdings in Rockwell Automation were worth $677,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of the company. Howe & Rusling Inc. grew its holdings in Rockwell Automation by 4.9% during the 1st quarter. Howe & Rusling Inc. now owns 794 shares of the industrial products company’s stock valued at $205,000 after purchasing an additional 37 shares during the last quarter. IFP Advisors Inc grew its holdings in Rockwell Automation by 2.7% during 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 grew its holdings in Rockwell Automation by 0.8% during 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 grew its holdings in Rockwell Automation by 0.6% during 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. grew its holdings in Rockwell Automation by 1.1% during 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. 75.75% of the stock is currently owned by institutional investors.

Rockwell Automation Trading Down 1.2%

NYSE ROK opened at $347.79 on Friday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.72 and a current ratio of 1.06. The company has a market capitalization of $39.10 billion, a price-to-earnings ratio of 40.82, a price-to-earnings-growth ratio of 3.17 and a beta of 1.41. The company’s 50-day simple moving average is $344.29 and its two-hundred day simple moving average is $316.66. Rockwell Automation, Inc. has a one year low of $215.00 and a one year high of $360.92.

Rockwell Automation (NYSE:ROK) last posted its earnings results on Wednesday, August 6th. The industrial products company reported $2.82 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 net margin of 12.03% and a return on equity of 30.14%. The company’s revenue for the quarter was up 4.5% on a year-over-year basis. During the same quarter last year, the firm posted $2.71 EPS. Equities analysts forecast that Rockwell Automation, Inc. will post 9.35 EPS for the current fiscal year.

Insider Buying and Selling at Rockwell Automation

In other Rockwell Automation news, Director James P. Keane sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, August 26th. The shares were sold at an average price of $356.06, for a total transaction of $1,068,180.00. Following the transaction, the director 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 position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Isaac Woods sold 365 shares of the firm’s stock in a transaction dated Friday, August 29th. The shares were sold at an average price of $348.44, for a total transaction of $127,180.60. Following the transaction, the vice president directly owned 1,691 shares in the company, valued at $589,212.04. This trade represents a 17.75% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 29,553 shares of company stock worth $10,361,079. Company insiders own 0.68% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Weiss Ratings reiterated a “buy (b-)” rating on shares of Rockwell Automation in a report on Wednesday, October 8th. Stephens reaffirmed an “overweight” rating and issued a $375.00 price target (up previously from $350.00) on shares of Rockwell Automation in a research note on Wednesday, July 16th. Barclays raised their price target on shares of Rockwell Automation from $357.00 to $370.00 and gave the stock an “overweight” rating in a research note on Thursday, August 14th. CICC Research began coverage on shares of Rockwell Automation in a research note on Monday, July 7th. They issued an “outperform” rating and a $381.00 price target on the stock. Finally, Wells Fargo & Company raised their price target on shares of Rockwell Automation from $345.00 to $355.00 and gave the stock an “equal weight” rating in a research note on Monday, October 6th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Rockwell Automation presently has an average rating of “Moderate Buy” and a consensus price target of $347.94.

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.