Leavell Investment Management Inc. Purchases Shares of 728 Rockwell Automation, Inc. $ROK

Leavell Investment Management Inc. purchased a new stake in Rockwell Automation, Inc. (NYSE:ROK) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 728 shares of the industrial products company’s stock, valued at approximately $242,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ROK. Citizens National Bank Trust Department purchased a new stake in Rockwell Automation in the 1st quarter valued at about $26,000. Financial Gravity Asset Management Inc. purchased a new stake in shares of Rockwell Automation during the 1st quarter worth about $31,000. IMA Advisory Services Inc. purchased a new stake in shares of Rockwell Automation during the 1st quarter worth about $32,000. Cooksen Wealth LLC purchased a new stake in shares of Rockwell Automation during the 1st quarter worth about $34,000. Finally, Legend Financial Advisors Inc. purchased a new stake in shares of Rockwell Automation during the 2nd quarter worth about $39,000. Hedge funds and other institutional investors own 75.75% of the company’s stock.

Wall Street Analysts Forecast Growth

ROK has been the subject of a number of analyst reports. KeyCorp upped their price target on Rockwell Automation from $370.00 to $380.00 and gave the stock an “overweight” rating in a report on Thursday, August 7th. Barclays upped their target price on Rockwell Automation from $357.00 to $370.00 and gave the company an “overweight” rating in a research report on Thursday, August 14th. Wells Fargo & Company upped their target price on Rockwell Automation from $345.00 to $355.00 and gave the company an “equal weight” rating in a research report on Monday, October 6th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Rockwell Automation in a research report on Wednesday, October 8th. Finally, Stephens reaffirmed an “overweight” rating and issued a $375.00 target price (up from $350.00) on shares of Rockwell Automation in a research report on Wednesday, July 16th. One investment 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 MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $347.94.

Rockwell Automation Trading Up 1.4%

NYSE:ROK opened at $361.52 on Tuesday. Rockwell Automation, Inc. has a 1 year low of $215.00 and a 1 year high of $364.54. The stock has a market cap of $40.65 billion, a price-to-earnings ratio of 42.43, a PEG ratio of 3.20 and a beta of 1.41. The business has a fifty day moving average of $346.18 and a 200-day moving average of $323.52. 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 (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, topping the consensus estimate of $2.67 by $0.15. Rockwell Automation had a return on equity of 30.14% and a net margin of 12.03%.The company had revenue of $2.14 billion during the quarter, compared to analysts’ expectations of $2.07 billion. During the same quarter in the prior year, the business posted $2.71 earnings per share. The company’s revenue for the quarter was up 4.5% compared to the same quarter last year. Equities analysts predict that Rockwell Automation, Inc. will post 9.35 earnings per share for the current year.

Insiders Place Their Bets

In other news, SVP Cyril Perducat sold 1,435 shares of the business’s 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 in the company, 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 SEC, which is available at this link. Also, VP Isaac Woods sold 250 shares of the firm’s stock in a transaction dated 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. This trade represents a 13.08% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 29,553 shares of company stock valued at $10,361,079 in the last 90 days. 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.