Maryland State Retirement & Pension System Buys 143 Shares of Rockwell Automation, Inc. $ROK

Maryland State Retirement & Pension System increased its stake in Rockwell Automation, Inc. (NYSE:ROK) by 2.7% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,500 shares of the industrial products company’s stock after purchasing an additional 143 shares during the period. Maryland State Retirement & Pension System’s holdings in Rockwell Automation were worth $1,827,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the stock. Clear Creek Financial Management LLC bought a new position in Rockwell Automation in the 2nd quarter worth approximately $208,000. DMC Group LLC raised its position in Rockwell Automation by 8.0% in the 2nd quarter. DMC Group LLC now owns 1,080 shares of the industrial products company’s stock worth $359,000 after purchasing an additional 80 shares during the last quarter. KLP Kapitalforvaltning AS raised its position in Rockwell Automation by 4.1% in the 2nd quarter. KLP Kapitalforvaltning AS now owns 40,970 shares of the industrial products company’s stock worth $13,609,000 after purchasing an additional 1,600 shares during the last quarter. Roberts Wealth Advisors LLC raised its position in Rockwell Automation by 0.4% in the 2nd quarter. Roberts Wealth Advisors LLC now owns 13,169 shares of the industrial products company’s stock worth $4,374,000 after purchasing an additional 48 shares during the last quarter. Finally, Duncan Williams Asset Management LLC bought a new position in Rockwell Automation in the 2nd quarter worth approximately $291,000. Institutional investors own 75.75% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on ROK. Wall Street Zen upgraded shares of Rockwell Automation from a “hold” rating to a “buy” rating in a research report on Sunday, September 21st. CICC Research began coverage on shares of Rockwell Automation in a research report on Monday, July 7th. They set an “outperform” rating and a $381.00 target price for the company. Weiss Ratings reiterated a “buy (b-)” rating on shares of Rockwell Automation in a research report on Wednesday. Stephens reiterated an “overweight” rating and set a $375.00 target price (up previously from $350.00) on shares of Rockwell Automation in a research report on Wednesday, July 16th. Finally, KeyCorp upped their target price on shares of Rockwell Automation from $370.00 to $380.00 and gave the company an “overweight” rating in a research report on Thursday, August 7th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Rockwell Automation currently has a consensus rating of “Moderate Buy” and a consensus price target of $340.68.

Rockwell Automation Price Performance

ROK opened at $333.79 on Friday. The company has a quick ratio of 0.72, a current ratio of 1.06 and a debt-to-equity ratio of 0.72. Rockwell Automation, Inc. has a 12 month low of $215.00 and a 12 month high of $360.92. The company has a fifty day simple moving average of $343.79 and a 200 day simple moving average of $314.72. The stock has a market cap of $37.53 billion, a P/E ratio of 39.18, a P/E/G ratio of 2.98 and a beta of 1.41.

Rockwell Automation (NYSE:ROK) last released its quarterly earnings data on Wednesday, August 6th. The industrial products company reported $2.82 EPS for the quarter, beating analysts’ consensus estimates of $2.67 by $0.15. Rockwell Automation had a net margin of 12.03% and a return on equity of 30.14%. The business 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 company earned $2.71 EPS. The firm’s quarterly revenue was up 4.5% on a year-over-year basis. On average, research analysts expect that Rockwell Automation, Inc. will post 9.35 EPS for the current year.

Insider Transactions at Rockwell Automation

In related news, Director James P. Keane sold 3,000 shares of the company’s stock in a transaction on Tuesday, August 26th. The shares were sold at an average price of $356.06, for a total value 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 approximately $3,272,903.52. This represents a 24.61% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Isaac Woods sold 365 shares of the company’s stock in a transaction on Friday, August 29th. The stock was sold at an average price of $348.44, for a total transaction 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 approximately $589,212.04. The trade was a 17.75% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 31,922 shares of company stock worth $11,191,812. Company 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.