Nisa Investment Advisors LLC Sells 757 Shares of Rockwell Automation, Inc. $ROK

Nisa Investment Advisors LLC trimmed its stake in Rockwell Automation, Inc. (NYSE:ROK) by 2.6% during the second quarter, Holdings Channel reports. The fund owned 28,471 shares of the industrial products company’s stock after selling 757 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Rockwell Automation were worth $9,457,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Capital Investment Advisors LLC raised its stake in shares of Rockwell Automation by 5.7% in the 2nd quarter. Capital Investment Advisors LLC now owns 2,192 shares of the industrial products company’s stock valued at $728,000 after acquiring an additional 119 shares in the last quarter. CWM LLC increased its position in Rockwell Automation by 3.7% in the 1st quarter. CWM LLC now owns 2,353 shares of the industrial products company’s stock worth $608,000 after buying an additional 84 shares during the period. Allspring Global Investments Holdings LLC increased its position in Rockwell Automation by 0.8% in 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 buying an additional 43 shares during the period. Brighton Jones LLC bought a new position in Rockwell Automation in the 4th quarter worth approximately $281,000. Finally, Integrity Alliance LLC. bought a new position in Rockwell Automation in the 1st quarter worth approximately $293,000. 75.75% of the stock is owned by institutional investors.

Rockwell Automation Stock Performance

Shares of NYSE:ROK opened at $361.52 on Tuesday. The business’s fifty day moving average price is $346.18 and its two-hundred day moving average price is $323.52. Rockwell Automation, Inc. has a fifty-two week low of $215.00 and a fifty-two week high of $364.54. The stock has a market capitalization of $40.65 billion, a price-to-earnings ratio of 42.43, a price-to-earnings-growth ratio of 3.20 and a beta of 1.41. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.06 and a quick ratio of 0.72.

Rockwell Automation (NYSE:ROK) last announced 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 return on equity of 30.14% and a net margin of 12.03%.The firm had revenue of $2.14 billion for the quarter, compared to analysts’ expectations of $2.07 billion. During the same period in the prior year, the business posted $2.71 earnings per share. The business’s revenue was up 4.5% compared to the same quarter last year. As a group, analysts predict that Rockwell Automation, Inc. will post 9.35 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have commented on ROK. Citigroup reaffirmed a “buy” rating on shares of Rockwell Automation in a research report on Thursday, October 9th. Stephens reaffirmed an “overweight” rating and issued a $375.00 price target (up from $350.00) on shares of Rockwell Automation in a research report on Wednesday, July 16th. Barclays lifted their price target on Rockwell Automation from $357.00 to $370.00 and gave the stock an “overweight” rating in a research report on Thursday, August 14th. KeyCorp lifted their price target on Rockwell Automation from $370.00 to $380.00 and gave the stock an “overweight” rating in a research report on Thursday, August 7th. Finally, CICC Research initiated coverage on Rockwell Automation in a report on Monday, July 7th. They set an “outperform” rating and a $381.00 price objective on the stock. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $347.94.

Insider Activity

In other news, Director James P. Keane sold 3,000 shares of the firm’s 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 sale, the director owned 9,192 shares of the company’s stock, valued at approximately $3,272,903.52. This trade represents a 24.61% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Cyril Perducat sold 1,435 shares of the firm’s stock in a transaction that occurred on Friday, August 29th. The stock was sold at an average price of $348.08, for a total transaction of $499,494.80. Following the sale, the senior vice president directly owned 3,787 shares of the company’s stock, valued at approximately $1,318,178.96. The trade was a 27.48% 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. Corporate 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.