Caitong International Asset Management Co. Ltd Sells 800 Shares of Rockwell Automation, Inc. $ROK

Caitong International Asset Management Co. Ltd reduced its position in shares of Rockwell Automation, Inc. (NYSE:ROK) by 88.6% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 103 shares of the industrial products company’s stock after selling 800 shares during the quarter. Caitong International Asset Management Co. Ltd’s holdings in Rockwell Automation were worth $34,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Howe & Rusling Inc. increased its stake in Rockwell Automation by 4.9% during the 1st quarter. Howe & Rusling Inc. now owns 794 shares of the industrial products company’s stock valued at $205,000 after purchasing an additional 37 shares in the last quarter. IFP Advisors Inc increased its stake 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 valued at $476,000 after purchasing an additional 37 shares in the last quarter. Allspring Global Investments Holdings LLC increased its stake 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 valued at $1,462,000 after purchasing an additional 43 shares in the last quarter. Wealthfront Advisers LLC increased its stake 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 valued at $1,992,000 after purchasing an additional 43 shares in the last quarter. Finally, Koshinski Asset Management Inc. increased its stake 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 valued at $1,059,000 after purchasing an additional 46 shares in the last quarter. 75.75% of the stock is currently owned by institutional investors.

Rockwell Automation Stock Performance

ROK opened at $357.01 on Monday. The company has a current ratio of 1.06, a quick ratio of 0.72 and a debt-to-equity ratio of 0.72. The company has a market cap of $40.14 billion, a price-to-earnings ratio of 41.90, a PEG ratio of 3.20 and a beta of 1.41. The company’s 50 day moving average is $345.80 and its 200 day moving average is $322.69. Rockwell Automation, Inc. has a 12-month low of $215.00 and a 12-month high of $361.60.

Rockwell Automation (NYSE:ROK) last posted its quarterly earnings data 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 company had revenue of $2.14 billion for the quarter, compared to the consensus estimate of $2.07 billion. Rockwell Automation had a net margin of 12.03% and a return on equity of 30.14%. The firm’s revenue was up 4.5% compared to the same quarter last year. During the same quarter last year, the firm posted $2.71 earnings per share. On average, equities research analysts predict that Rockwell Automation, Inc. will post 9.35 EPS for the current year.

Insider Buying and Selling at Rockwell Automation

In other Rockwell Automation news, SVP Cyril Perducat sold 1,435 shares of Rockwell Automation stock in a transaction that occurred 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 owned 3,787 shares of the company’s stock, valued at $1,318,178.96. The trade was a 27.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 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 transaction, the director directly owned 9,192 shares in the company, valued at $3,272,903.52. This represents a 24.61% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 29,553 shares of company stock worth $10,361,079. 0.68% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. Stephens restated an “overweight” rating and set a $375.00 price objective (up from $350.00) on shares of Rockwell Automation in a research note on Wednesday, July 16th. 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. Barclays lifted their price target on shares of Rockwell Automation from $357.00 to $370.00 and gave the stock an “overweight” rating in a research note on Thursday, August 14th. CICC Research initiated coverage on shares of Rockwell Automation in a research note on Monday, July 7th. They issued an “outperform” rating and a $381.00 price target for the company. Finally, Citigroup reiterated a “buy” rating on shares of Rockwell Automation in a research note on Thursday, October 9th. 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 given a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $347.94.

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.