Values First Advisors Inc. Purchases New Position in Rockwell Automation, Inc. $ROK

Values First Advisors Inc. purchased a new stake in Rockwell Automation, Inc. (NYSE:ROK) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 609 shares of the industrial products company’s stock, valued at approximately $202,000.

Other large investors have also added to or reduced their stakes in the company. Citizens National Bank Trust Department bought a new position in Rockwell Automation in the 1st quarter valued at about $26,000. Legend Financial Advisors Inc. bought a new position in shares of Rockwell Automation during the 2nd quarter worth approximately $39,000. Financial Gravity Asset Management Inc. bought a new position in shares of Rockwell Automation during the 1st quarter worth approximately $31,000. IMA Advisory Services Inc. bought a new position in shares of Rockwell Automation during the 1st quarter worth approximately $32,000. Finally, Cooksen Wealth LLC bought a new position in shares of Rockwell Automation during the 1st quarter worth approximately $34,000. Institutional investors own 75.75% of the company’s stock.

Insider Buying and Selling at Rockwell Automation

In related news, CEO Blake D. Moret sold 24,400 shares of Rockwell Automation stock in a transaction that occurred on Thursday, September 11th. The shares were sold at an average price of $350.13, for a total value 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. The trade was a 22.54% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director James P. Keane sold 3,000 shares of Rockwell Automation stock in a transaction that occurred on 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 completion of the transaction, the director owned 9,192 shares of the company’s stock, valued at $3,272,903.52. This represents a 24.61% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 29,553 shares of company stock valued at $10,361,079 over the last 90 days. 0.68% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

ROK has been the topic of several recent analyst reports. Citigroup reissued a “buy” rating on shares of Rockwell Automation in a research report on Thursday, October 9th. Oppenheimer lifted their target price on shares of Rockwell Automation from $363.00 to $365.00 and gave the stock an “outperform” rating in a research report on Tuesday. Bank of America raised shares of Rockwell Automation from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $360.00 to $410.00 in a research report on Wednesday, July 16th. Wells Fargo & Company lifted their target price on shares of Rockwell Automation from $345.00 to $355.00 and gave the stock an “equal weight” rating in a research report on Monday, October 6th. Finally, CICC Research initiated coverage on shares of Rockwell Automation in a research report on Monday, July 7th. They set an “outperform” rating and a $381.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $347.94.

Rockwell Automation Trading Down 0.2%

Shares of ROK stock opened at $347.19 on Friday. The company has a 50 day moving average of $344.56 and a 200-day moving average of $317.27. 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 12-month low of $215.00 and a 12-month high of $360.92. The firm has a market cap of $39.03 billion, a P/E ratio of 40.75, a PEG ratio of 3.12 and a beta of 1.41.

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, topping the consensus estimate of $2.67 by $0.15. Rockwell Automation had a net margin of 12.03% and a return on equity of 30.14%. The company had revenue of $2.14 billion during the quarter, compared to analyst estimates of $2.07 billion. During the same quarter last year, the business posted $2.71 EPS. Rockwell Automation’s quarterly revenue was up 4.5% compared to the same quarter last year. Sell-side analysts anticipate that Rockwell Automation, Inc. will post 9.35 earnings per share for the current year.

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.