BSW Wealth Partners Makes New $246,000 Investment in Rockwell Automation, Inc. $ROK

BSW Wealth Partners purchased a new position in shares of Rockwell Automation, Inc. (NYSE:ROK) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 739 shares of the industrial products company’s stock, valued at approximately $246,000.

Other hedge funds also recently modified their holdings of the company. Citizens National Bank Trust Department bought a new position in Rockwell Automation during the first quarter worth $26,000. Legend Financial Advisors Inc. bought a new stake in Rockwell Automation in the 2nd quarter valued at $39,000. Financial Gravity Asset Management Inc. acquired a new stake in Rockwell Automation in the 1st quarter worth $31,000. IMA Advisory Services Inc. bought a new position in shares of Rockwell Automation during the 1st quarter worth about $32,000. Finally, Cooksen Wealth LLC bought a new position in shares of Rockwell Automation during the 1st quarter worth about $34,000. 75.75% of the stock is owned by institutional investors.

Rockwell Automation Trading Down 0.2%

Shares of ROK opened at $348.66 on Friday. The company has a current ratio of 1.06, a quick ratio of 0.72 and a debt-to-equity ratio of 0.72. The stock has a market cap of $39.20 billion, a PE ratio of 40.92, a PEG ratio of 3.14 and a beta of 1.41. Rockwell Automation, Inc. has a 1 year low of $215.00 and a 1 year high of $360.92. The stock has a 50 day simple moving average of $344.80 and a 200-day simple moving average of $311.02.

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. The firm had revenue of $2.14 billion for 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%.The business’s revenue was up 4.5% compared to the same quarter last year. During the same period in the prior year, the business posted $2.71 earnings per share. On average, sell-side analysts predict that Rockwell Automation, Inc. will post 9.35 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently weighed in on ROK shares. CICC Research assumed coverage on shares of Rockwell Automation in a research note on Monday, July 7th. They issued an “outperform” rating and a $381.00 target price for the company. Stephens reaffirmed an “overweight” rating and issued a $375.00 price target (up previously from $350.00) on shares of Rockwell Automation in a report on Wednesday, July 16th. Oppenheimer decreased their price objective on Rockwell Automation from $371.00 to $363.00 and set an “outperform” rating on the stock in a report on Thursday, August 7th. Barclays boosted their price objective on Rockwell Automation from $357.00 to $370.00 and gave the company an “overweight” rating in a research report on Thursday, August 14th. Finally, Wall Street Zen raised Rockwell Automation from a “hold” rating to a “buy” rating in a research report on Sunday, September 21st. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Rockwell Automation currently has a consensus rating of “Moderate Buy” and a consensus target price of $340.16.

Insider Buying and Selling at Rockwell Automation

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, VP Isaac Woods sold 250 shares of the business’s stock in a transaction that occurred on Thursday, September 11th. The stock was sold at an average price of $350.00, for a total value of $87,500.00. Following the completion of the transaction, the vice president directly owned 1,662 shares in the company, valued at $581,700. The trade was a 13.08% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 31,922 shares of company stock worth $11,191,812 over the last ninety days. 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.