Mutual Advisors LLC Trims Holdings in Rockwell Automation, Inc. $ROK

Mutual Advisors LLC trimmed its position in Rockwell Automation, Inc. (NYSE:ROK) by 7.2% in the 2nd quarter, HoldingsChannel reports. The firm owned 2,197 shares of the industrial products company’s stock after selling 170 shares during the quarter. Mutual Advisors LLC’s holdings in Rockwell Automation were worth $788,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently modified their holdings of ROK. Citizens National Bank Trust Department purchased a new position in shares of Rockwell Automation in the first quarter worth about $26,000. Financial Gravity Asset Management Inc. purchased a new position in Rockwell Automation during the first quarter valued at approximately $31,000. IMA Advisory Services Inc. purchased a new position in Rockwell Automation during the first quarter valued at approximately $32,000. Cooksen Wealth LLC purchased a new position in Rockwell Automation during the first quarter valued at approximately $34,000. Finally, Legend Financial Advisors Inc. purchased a new position in Rockwell Automation during the second quarter valued at approximately $39,000. 75.75% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on ROK. Weiss Ratings reiterated a “buy (b-)” rating on shares of Rockwell Automation in a research report on Wednesday, October 8th. KeyCorp lifted their price target on Rockwell Automation from $370.00 to $380.00 and gave the company an “overweight” rating in a research report on Thursday, August 7th. Stephens reiterated an “overweight” rating and set a $375.00 price target (up from $350.00) on shares of Rockwell Automation in a research report on Wednesday, July 16th. Oppenheimer boosted their price objective on Rockwell Automation from $363.00 to $365.00 and gave the company an “outperform” rating in a research report on Tuesday. Finally, CICC Research began 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. One research 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. Based on data from MarketBeat, Rockwell Automation presently has an average rating of “Moderate Buy” and an average price target of $347.94.

Rockwell Automation Stock Performance

Shares of NYSE:ROK opened at $347.19 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. The business’s 50 day moving average price is $344.56 and its 200-day moving average price is $317.67. The firm has a market capitalization of $39.03 billion, a PE ratio of 40.75, a P/E/G ratio of 3.12 and a beta of 1.41. Rockwell Automation, Inc. has a 1 year low of $215.00 and a 1 year high of $360.92.

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 analysts’ consensus estimates of $2.67 by $0.15. The firm had revenue of $2.14 billion for the quarter, compared to analyst estimates of $2.07 billion. Rockwell Automation had a return on equity of 30.14% and a net margin of 12.03%.The business’s revenue was up 4.5% on a year-over-year basis. During the same period in the previous year, the company posted $2.71 earnings per share. As a group, equities research analysts expect that Rockwell Automation, Inc. will post 9.35 earnings per share for the current fiscal year.

Insider Transactions at Rockwell Automation

In other news, VP Isaac Woods sold 250 shares of Rockwell Automation 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 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 legal filing with the SEC, which is available at this link. Also, SVP Cyril Perducat sold 1,435 shares of the business’s stock in a transaction on Friday, August 29th. The stock was sold at an average price of $348.08, for a total value of $499,494.80. Following the transaction, the senior vice president directly owned 3,787 shares in the company, valued at $1,318,178.96. This trade represents a 27.48% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 29,553 shares of company stock valued at $10,361,079. 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.