Chicago Partners Investment Group LLC Takes $264,000 Position in Rockwell Automation, Inc. $ROK

Chicago Partners Investment Group LLC purchased a new stake in Rockwell Automation, Inc. (NYSE:ROK) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 738 shares of the industrial products company’s stock, valued at approximately $264,000.

A number of other institutional investors also recently modified their holdings of ROK. Citizens National Bank Trust Department acquired a new stake in shares of Rockwell Automation in the first quarter worth $26,000. Financial Gravity Asset Management Inc. acquired a new stake in Rockwell Automation during the first quarter worth $31,000. IMA Advisory Services Inc. acquired a new stake in Rockwell Automation during the first quarter worth $32,000. Cooksen Wealth LLC acquired a new stake in Rockwell Automation during the first quarter worth $34,000. Finally, Legend Financial Advisors Inc. acquired a new stake in Rockwell Automation during the second quarter worth $39,000. Institutional investors own 75.75% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on ROK. Weiss Ratings reiterated a “buy (b-)” rating on shares of Rockwell Automation in a research note on Wednesday, October 8th. Bank of America upgraded shares of Rockwell Automation from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $360.00 to $410.00 in a research note on Wednesday, July 16th. JPMorgan Chase & Co. lifted their price target on shares of Rockwell Automation from $320.00 to $357.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 15th. Citigroup restated a “buy” rating on shares of Rockwell Automation in a research note on Thursday, October 9th. Finally, Stephens restated an “overweight” rating and issued a $375.00 target price (up previously from $350.00) on shares of Rockwell Automation in a research note on Wednesday, July 16th. One equities 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 given a Sell rating to the company. According to MarketBeat.com, Rockwell Automation currently has a consensus rating of “Moderate Buy” and an average target price of $347.94.

Insiders Place Their Bets

In related news, VP Isaac Woods sold 365 shares of Rockwell Automation stock in a transaction dated Friday, August 29th. The stock was 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. The trade was a 17.75% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Cyril Perducat sold 1,435 shares of Rockwell Automation stock in a transaction dated Friday, August 29th. The shares were sold at an average price of $348.08, for a total value of $499,494.80. Following the completion of the transaction, the senior vice president directly owned 3,787 shares of the company’s stock, valued at $1,318,178.96. This represents a 27.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, 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 Stock Down 0.0%

Shares of NYSE:ROK opened at $357.01 on Friday. Rockwell Automation, Inc. has a 52 week low of $215.00 and a 52 week high of $361.60. 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 fifty day moving average is $345.80 and its 200-day moving average is $321.41. The company has a market capitalization of $40.14 billion, a PE ratio of 41.90, a P/E/G ratio of 3.20 and a beta of 1.41.

Rockwell Automation (NYSE:ROK) last released its quarterly earnings results on Wednesday, August 6th. The industrial products company reported $2.82 earnings per share (EPS) for the quarter, beating 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 business had revenue of $2.14 billion during the quarter, compared to analysts’ expectations of $2.07 billion. During the same period in the previous year, the business posted $2.71 earnings per share. The firm’s revenue for the quarter was up 4.5% compared to the same quarter last year. Equities research analysts predict that Rockwell Automation, Inc. will post 9.35 earnings per share for the current fiscal 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.