Almanack Investment Partners LLC. Invests $363,000 in Rockwell Automation, Inc. $ROK

Almanack Investment Partners LLC. purchased a new stake in Rockwell Automation, Inc. (NYSE:ROK) in the second quarter, HoldingsChannel reports. The institutional investor purchased 1,094 shares of the industrial products company’s stock, valued at approximately $363,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ROK. Citizens National Bank Trust Department purchased a new stake in Rockwell Automation in the first quarter valued at $26,000. Financial Gravity Asset Management Inc. purchased a new stake in Rockwell Automation in the first quarter valued at $31,000. IMA Advisory Services Inc. purchased a new stake in Rockwell Automation in the first quarter valued at $32,000. Cooksen Wealth LLC purchased a new stake in Rockwell Automation in the first quarter valued at $34,000. Finally, Legend Financial Advisors Inc. purchased a new stake in Rockwell Automation in the second quarter valued at $39,000. 75.75% of the stock is owned by hedge funds and other institutional investors.

Rockwell Automation Trading Down 2.6%

NYSE ROK opened at $333.79 on Monday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.72 and a current ratio of 1.06. The firm has a market cap of $37.53 billion, a PE ratio of 39.18, a P/E/G ratio of 2.98 and a beta of 1.41. Rockwell Automation, Inc. has a one year low of $215.00 and a one year high of $360.92. The firm’s fifty day moving average is $343.79 and its two-hundred day moving average is $315.04.

Rockwell Automation (NYSE:ROK) last issued its quarterly earnings results on Wednesday, August 6th. The industrial products company reported $2.82 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to analyst estimates of $2.07 billion. During the same period in the previous year, the business posted $2.71 earnings per share. The business’s revenue was up 4.5% compared to the same quarter last year. Analysts expect that Rockwell Automation, Inc. will post 9.35 earnings per share for the current year.

Insider Buying and Selling at Rockwell Automation

In other news, 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 transaction of $1,068,180.00. Following the transaction, the director directly owned 9,192 shares in the company, valued at $3,272,903.52. The trade was a 24.61% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Blake D. Moret sold 24,400 shares of the business’s stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of $350.13, for a total transaction of $8,543,172.00. Following the transaction, the chief executive officer owned 83,873 shares in the company, valued at approximately $29,366,453.49. This trade represents a 22.54% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 31,922 shares of company stock valued at $11,191,812. Insiders own 0.68% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on ROK shares. Bank of America raised shares of Rockwell Automation from a “neutral” rating to a “buy” rating and boosted their price target for the company from $360.00 to $410.00 in a research report on Wednesday, July 16th. Citigroup reissued a “buy” rating on shares of Rockwell Automation in a research report on Thursday. Stephens restated an “overweight” rating and issued a $375.00 price objective (up from $350.00) on shares of Rockwell Automation in a research note on Wednesday, July 16th. Barclays lifted their price objective on shares of Rockwell Automation from $357.00 to $370.00 and gave the company an “overweight” rating in a research note on Thursday, August 14th. Finally, Wells Fargo & Company lifted their price objective on shares of Rockwell Automation from $345.00 to $355.00 and gave the company an “equal weight” rating in a research note on Monday, October 6th. One equities 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 company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $340.68.

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.