Private Trust Co. NA Has $1.06 Million Position in Rockwell Automation, Inc. $ROK

Private Trust Co. NA cut its position in shares of Rockwell Automation, Inc. (NYSE:ROK) by 1.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,176 shares of the industrial products company’s stock after selling 62 shares during the period. Private Trust Co. NA’s holdings in Rockwell Automation were worth $1,055,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the company. Howe & Rusling Inc. raised its stake in Rockwell Automation by 4.9% in the first 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 during the period. IFP Advisors Inc increased its holdings in shares of Rockwell Automation by 2.7% during the 2nd quarter. IFP Advisors Inc now owns 1,427 shares of the industrial products company’s stock worth $476,000 after acquiring an additional 37 shares during the last quarter. Allspring Global Investments Holdings LLC raised its stake 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 acquiring an additional 43 shares during the period. Wealthfront Advisers LLC raised its stake 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 acquiring an additional 43 shares during the period. Finally, Koshinski Asset Management Inc. lifted 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 and hedge funds.

Analyst Ratings Changes

ROK has been the topic of several research reports. Wells Fargo & Company upped their price objective on shares of Rockwell Automation from $345.00 to $355.00 and gave the company an “equal weight” rating in a report on Monday, October 6th. Barclays lifted their target price on shares of Rockwell Automation from $357.00 to $370.00 and gave the stock an “overweight” rating in a report on Thursday, August 14th. Wall Street Zen raised shares of Rockwell Automation from a “hold” rating to a “buy” rating in a report on Sunday, September 21st. Bank of America upgraded Rockwell Automation from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $360.00 to $410.00 in a report on Wednesday, July 16th. Finally, Oppenheimer upped their target price on Rockwell Automation from $363.00 to $365.00 and gave the company an “outperform” rating in a research report on Tuesday. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $347.94.

Rockwell Automation Stock Performance

Shares of NYSE:ROK opened at $347.19 on Friday. Rockwell Automation, Inc. has a 12-month low of $215.00 and a 12-month high of $360.92. The company’s 50 day moving average price is $344.56 and its two-hundred day moving average price is $317.27. The firm has a market cap of $39.03 billion, a PE ratio of 40.75, a PEG ratio of 3.12 and a beta of 1.41. 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 (NYSE:ROK) last issued its quarterly earnings results on Wednesday, August 6th. The industrial products company reported $2.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.67 by $0.15. The business had revenue of $2.14 billion during the quarter, compared to analysts’ expectations of $2.07 billion. Rockwell Automation had a return on equity of 30.14% and a net margin of 12.03%.The firm’s revenue for the quarter was up 4.5% compared to the same quarter last year. During the same period in the previous year, the company posted $2.71 earnings per share. Equities research analysts predict that Rockwell Automation, Inc. will post 9.35 earnings per share for the current year.

Insider Buying and Selling

In other Rockwell Automation news, VP Isaac Woods sold 250 shares of the stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $350.00, for a total transaction of $87,500.00. Following the sale, the vice president directly owned 1,662 shares in the company, valued at $581,700. This represents a 13.08% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Blake D. Moret sold 24,400 shares of the firm’s stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $350.13, for a total transaction of $8,543,172.00. Following the completion of the transaction, the chief executive officer directly owned 83,873 shares in the company, valued at approximately $29,366,453.49. This represents a 22.54% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 29,553 shares of company stock valued at $10,361,079. Company insiders own 0.68% of the company’s stock.

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.