VCI Wealth Management LLC Grows Position in Rockwell Automation, Inc. $ROK

VCI Wealth Management LLC lifted its stake in Rockwell Automation, Inc. (NYSE:ROK) by 4.2% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,331 shares of the industrial products company’s stock after buying an additional 213 shares during the quarter. VCI Wealth Management LLC’s holdings in Rockwell Automation were worth $1,771,000 at the end of the most recent reporting period.

Several other hedge funds 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 $26,000. Financial Gravity Asset Management Inc. purchased a new stake in shares of Rockwell Automation in the first quarter valued at $31,000. IMA Advisory Services Inc. purchased a new stake in shares of Rockwell Automation in the first quarter valued at $32,000. Cooksen Wealth LLC purchased a new stake in shares of Rockwell Automation in the first quarter valued at $34,000. Finally, Legend Financial Advisors Inc. bought a new position in shares of Rockwell Automation in the second quarter worth about $39,000. Hedge funds and other institutional investors own 75.75% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on ROK. Stephens restated an “overweight” rating and issued a $375.00 price target (up from $350.00) on shares of Rockwell Automation in a report on Wednesday, July 16th. Oppenheimer upped their price target on shares of Rockwell Automation from $363.00 to $365.00 and gave the stock an “outperform” rating in a report on Tuesday, October 14th. CICC Research began coverage on shares of Rockwell Automation in a report on Monday, July 7th. They issued an “outperform” rating and a $381.00 price target on the stock. Wells Fargo & Company upped their price target on shares of Rockwell Automation from $345.00 to $355.00 and gave the stock an “equal weight” rating in a report on Monday, October 6th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Rockwell Automation in a report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Rockwell Automation presently has an average rating of “Moderate Buy” and an average price target of $347.94.

Rockwell Automation Stock Up 1.5%

NYSE:ROK opened at $352.93 on Tuesday. Rockwell Automation, Inc. has a fifty-two week low of $215.00 and a fifty-two week high of $360.92. The stock has a market capitalization of $39.68 billion, a P/E ratio of 41.42, a P/E/G ratio of 3.12 and a beta of 1.41. 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’s 50-day simple moving average is $345.02 and its 200-day simple moving average is $319.09.

Rockwell Automation (NYSE:ROK) last released 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 net margin of 12.03% and a return on equity of 30.14%. The business had revenue of $2.14 billion for the quarter, compared to analysts’ expectations of $2.07 billion. During the same period last year, the business earned $2.71 EPS. The company’s revenue was up 4.5% compared to the same quarter last year. On average, equities analysts anticipate that Rockwell Automation, Inc. will post 9.35 earnings per share for the current fiscal year.

Insider Activity at Rockwell Automation

In related news, VP Isaac Woods sold 365 shares of the stock in a transaction that occurred on Friday, August 29th. The shares were sold at an average price of $348.44, for a total value of $127,180.60. Following the completion of the transaction, the vice president directly owned 1,691 shares of the company’s stock, valued at $589,212.04. This trade represents a 17.75% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director James P. Keane sold 3,000 shares of the 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 directly owned 9,192 shares of the company’s stock, valued at $3,272,903.52. The trade was a 24.61% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 29,553 shares of company stock valued at $10,361,079. Company insiders own 0.68% of the company’s stock.

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.