Rockwell Automation, Inc. $ROK Shares Bought by Focus Partners Advisor Solutions LLC

by · The Markets Daily

Focus Partners Advisor Solutions LLC grew its holdings in shares of Rockwell Automation, Inc. (NYSE:ROK – Free Report) by 64.4% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 2,155 shares of the industrial products company’s stock after buying an additional 844 shares during the period. Focus Partners Advisor Solutions LLC’s holdings in Rockwell Automation were worth $716,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Howe & Rusling Inc. grew its holdings in shares of Rockwell Automation by 4.9% in the 1st quarter. Howe & Rusling Inc. now owns 794 shares of the industrial products company’s stock worth $205,000 after acquiring an additional 37 shares during the period. IFP Advisors Inc grew its holdings in shares of Rockwell Automation by 2.7% in the 2nd quarter. IFP Advisors Inc now owns 1,427 shares of the industrial products company’s stock worth $476,000 after acquiring an additional 37 shares during the period. Allspring Global Investments Holdings LLC grew its holdings in shares of 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 acquiring an additional 43 shares during the period. Wealthfront Advisers LLC grew its holdings in shares of Rockwell Automation by 0.6% in the 1st quarter. Wealthfront Advisers LLC now owns 7,708 shares of the industrial products company’s stock worth $1,992,000 after acquiring an additional 43 shares during the period. Finally, Koshinski Asset Management Inc. grew its holdings in shares of Rockwell Automation by 1.1% in the 1st quarter. Koshinski Asset Management Inc. now owns 4,097 shares of the industrial products company’s stock worth $1,059,000 after acquiring an additional 46 shares during the period. Institutional investors and hedge funds own 75.75% of the company’s stock.

Insider Transactions at Rockwell Automation

In other Rockwell Automation news, VP Isaac Woods sold 365 shares of the business’s stock in a transaction dated 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 sale, the vice president 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director James P. Keane sold 3,000 shares of the business’s stock in a transaction dated 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 sale, the director directly 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 position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 29,553 shares of company stock valued at $10,361,079. Corporate insiders own 0.68% of the company’s stock.

Rockwell Automation Trading Up 0.1%

Shares of Rockwell Automation stock opened at $361.73 on Wednesday. Rockwell Automation, Inc. has a fifty-two week low of $215.00 and a fifty-two week high of $364.54. The firm has a market cap of $40.67 billion, a PE ratio of 42.46, a P/E/G ratio of 3.24 and a beta of 1.41. The business’s fifty day moving average is $346.55 and its two-hundred day moving average is $324.44. 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 (NYSE:ROK – Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The industrial products company reported $2.82 earnings per share for the quarter, topping 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 company had revenue of $2.14 billion for the quarter, compared to analyst estimates of $2.07 billion. During the same quarter in the prior year, the company posted $2.71 EPS. The business’s revenue for the quarter was up 4.5% compared to the same quarter last year. Analysts anticipate that Rockwell Automation, Inc. will post 9.35 earnings per share for the current year.

Wall Street Analyst Weigh In

ROK has been the topic of a number of research reports. Bank of America upgraded Rockwell Automation from a “neutral” rating to a “buy” rating and upped their price target for the stock from $360.00 to $410.00 in a report on Wednesday, July 16th. Wells Fargo & Company increased their target price on Rockwell Automation from $345.00 to $355.00 and gave the company an “equal weight” rating in a report on Monday, October 6th. JPMorgan Chase & Co. increased their target price on Rockwell Automation from $320.00 to $357.00 and gave the company a “neutral” rating in a report on Wednesday, October 15th. KeyCorp increased their target price on Rockwell Automation from $370.00 to $380.00 and gave the company an “overweight” rating in a report on Thursday, August 7th. Finally, Wall Street Zen upgraded Rockwell Automation from a “hold” rating to a “buy” rating in a report on Sunday, September 21st. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $347.94.

Get Our Latest Analysis on ROK

About Rockwell Automation

(Free Report)

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.

See Also

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