Vontobel Holding Ltd. Sells 117 Shares of Rockwell Automation, Inc. $ROK

Vontobel Holding Ltd. lowered its position in shares of Rockwell Automation, Inc. (NYSE:ROK) by 1.0% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 11,034 shares of the industrial products company’s stock after selling 117 shares during the quarter. Vontobel Holding Ltd.’s holdings in Rockwell Automation were worth $3,665,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Robeco Institutional Asset Management B.V. increased its holdings in Rockwell Automation by 720.8% in the second quarter. Robeco Institutional Asset Management B.V. now owns 399,309 shares of the industrial products company’s stock valued at $132,638,000 after purchasing an additional 350,662 shares during the last quarter. Great Lakes Advisors LLC bought a new stake in Rockwell Automation in the first quarter valued at about $73,908,000. Nuveen LLC bought a new stake in Rockwell Automation in the first quarter valued at about $63,632,000. Raymond James Financial Inc. increased its holdings in Rockwell Automation by 213.7% in the first quarter. Raymond James Financial Inc. now owns 357,080 shares of the industrial products company’s stock valued at $92,263,000 after purchasing an additional 243,249 shares during the last quarter. Finally, Assenagon Asset Management S.A. increased its holdings in Rockwell Automation by 1,950.4% in the second quarter. Assenagon Asset Management S.A. now owns 202,788 shares of the industrial products company’s stock valued at $67,360,000 after purchasing an additional 192,898 shares during the last quarter. Institutional investors own 75.75% of the company’s stock.

Insider Activity at Rockwell Automation

In other news, Director James P. Keane sold 3,000 shares of the company’s stock in a transaction dated Tuesday, August 26th. The stock was sold at an average price of $356.06, for a total transaction of $1,068,180.00. Following the completion of the transaction, the director directly owned 9,192 shares of the company’s stock, valued at $3,272,903.52. This represents a 24.61% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Isaac Woods sold 365 shares of the company’s 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 transaction, the vice president directly owned 1,691 shares of the company’s stock, valued at $589,212.04. This represents a 17.75% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 31,922 shares of company stock valued at $11,191,812 over the last ninety days. Company insiders own 0.68% of the company’s stock.

Rockwell Automation Stock Down 2.6%

ROK stock opened at $333.79 on Friday. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.06 and a quick ratio of 0.72. The stock has a market capitalization of $37.53 billion, a P/E ratio of 39.18, a P/E/G ratio of 3.07 and a beta of 1.41. The business has a 50-day moving average of $343.79 and a 200-day moving average of $314.40. Rockwell Automation, Inc. has a fifty-two week low of $215.00 and a fifty-two week high of $360.92.

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

Analyst Ratings Changes

ROK has been the subject of a number of recent analyst reports. KeyCorp upped their price objective on Rockwell Automation from $370.00 to $380.00 and gave the company an “overweight” rating in a report on Thursday, August 7th. Wells Fargo & Company upped their price objective on Rockwell Automation from $345.00 to $355.00 and gave the company an “equal weight” rating in a report on Monday, October 6th. Barclays upped their price objective on Rockwell Automation from $357.00 to $370.00 and gave the company an “overweight” rating in a report on Thursday, August 14th. Citigroup reissued a “buy” rating on shares of Rockwell Automation in a research note on Thursday. Finally, CICC Research started coverage on Rockwell Automation in a research note on Monday, July 7th. They issued an “outperform” rating and a $381.00 target price for the company. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Rockwell Automation has an average rating of “Moderate Buy” and a consensus price target of $340.68.

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.