D.A. Davidson & CO. Purchases 420 Shares of Rockwell Automation, Inc. $ROK

D.A. Davidson & CO. grew its position in shares of Rockwell Automation, Inc. (NYSE:ROK) by 1.7% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 25,061 shares of the industrial products company’s stock after purchasing an additional 420 shares during the quarter. D.A. Davidson & CO.’s holdings in Rockwell Automation were worth $8,325,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the company. Howe & Rusling Inc. raised 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 worth $205,000 after purchasing an additional 37 shares during the last quarter. IFP Advisors Inc raised 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 worth $476,000 after purchasing an additional 37 shares during the last quarter. Allspring Global Investments Holdings LLC raised 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 worth $1,462,000 after purchasing an additional 43 shares during the last quarter. Wealthfront Advisers LLC raised 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 worth $1,992,000 after purchasing an additional 43 shares during the last quarter. Finally, Koshinski Asset Management Inc. raised 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 worth $1,059,000 after purchasing an additional 46 shares during the last quarter. Institutional investors own 75.75% of the company’s stock.

Rockwell Automation Price Performance

Shares of NYSE ROK opened at $356.97 on Friday. The stock has a market cap of $40.13 billion, a price-to-earnings ratio of 41.90, a PEG ratio of 3.14 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. Rockwell Automation, Inc. has a fifty-two week low of $215.00 and a fifty-two week high of $360.92. The firm’s 50-day simple moving average is $345.52 and its 200 day simple moving average is $320.44.

Rockwell Automation (NYSE:ROK) last issued its quarterly earnings data on Wednesday, August 6th. The industrial products company reported $2.82 EPS for the quarter, topping analysts’ consensus estimates of $2.67 by $0.15. Rockwell Automation had a return on equity of 30.14% and a net margin of 12.03%.The firm had revenue of $2.14 billion during the quarter, compared to analyst estimates of $2.07 billion. During the same period in the previous year, the company posted $2.71 EPS. The company’s revenue for the quarter was up 4.5% on a year-over-year basis. As a group, research analysts anticipate that Rockwell Automation, Inc. will post 9.35 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

ROK has been the subject of several research analyst reports. Stephens reiterated an “overweight” rating and issued a $375.00 price objective (up previously from $350.00) on shares of Rockwell Automation in a research note on Wednesday, July 16th. Wall Street Zen upgraded shares of Rockwell Automation from a “hold” rating to a “buy” rating in a research note on Sunday, September 21st. Citigroup reiterated a “buy” rating on shares of Rockwell Automation in a research note on Thursday, October 9th. Oppenheimer lifted their price objective on shares of Rockwell Automation from $363.00 to $365.00 and gave the company an “outperform” rating in a research note on Tuesday, October 14th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Rockwell Automation from $320.00 to $357.00 and gave the company a “neutral” rating in a research note on Wednesday, October 15th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $347.94.

Insider Buying and Selling

In other Rockwell Automation news, SVP Cyril Perducat sold 1,435 shares of Rockwell Automation stock in a transaction on Friday, August 29th. The shares were sold at an average price of $348.08, for a total transaction of $499,494.80. Following the transaction, the senior vice president directly owned 3,787 shares of the company’s stock, valued at $1,318,178.96. The trade was a 27.48% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Blake D. Moret sold 24,400 shares of Rockwell Automation stock in a transaction on Thursday, September 11th. The stock was sold at an average price of $350.13, for a total transaction of $8,543,172.00. Following the transaction, the chief executive officer directly owned 83,873 shares in the company, valued at $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. Over the last quarter, insiders sold 29,553 shares of company stock valued at $10,361,079. 0.68% of the stock is owned by corporate insiders.

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.