Cliftonlarsonallen Wealth Advisors LLC Has $11.19 Million Stake in Rockwell Automation, Inc. $ROK

Cliftonlarsonallen Wealth Advisors LLC grew its position in Rockwell Automation, Inc. (NYSE:ROK) by 0.8% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 33,691 shares of the industrial products company’s stock after purchasing an additional 273 shares during the quarter. Cliftonlarsonallen Wealth Advisors LLC’s holdings in Rockwell Automation were worth $11,191,000 as of its most recent filing with the SEC.

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

Analyst Ratings Changes

Several brokerages have issued reports on ROK. Barclays boosted their price target on Rockwell Automation from $357.00 to $370.00 and gave the company an “overweight” rating in a research note on Thursday, August 14th. 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. Wall Street Zen upgraded shares of Rockwell Automation from a “hold” rating to a “buy” rating in a report on Sunday, September 21st. Bank of America raised shares of Rockwell Automation from a “neutral” rating to a “buy” rating and lifted their price target for the company from $360.00 to $410.00 in a research note on Wednesday, July 16th. Finally, Oppenheimer cut their price objective on shares of Rockwell Automation from $371.00 to $363.00 and set an “outperform” rating on the stock in a research report on Thursday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Rockwell Automation has a consensus rating of “Moderate Buy” and a consensus price target of $340.16.

Rockwell Automation Stock Performance

ROK opened at $349.41 on Thursday. Rockwell Automation, Inc. has a 1-year low of $215.00 and a 1-year high of $360.92. The company has a market cap of $39.28 billion, a price-to-earnings ratio of 41.01, a PEG ratio of 3.65 and a beta of 1.41. The company’s fifty day moving average price is $344.97 and its two-hundred day moving average price is $310.42. The company has a current ratio of 1.06, a quick ratio of 0.72 and a debt-to-equity ratio of 0.72.

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

Insider Activity

In other news, VP Isaac Woods sold 250 shares of the 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 sale, the vice president directly owned 1,662 shares of the company’s stock, valued at $581,700. This represents a 13.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Cyril Perducat sold 1,435 shares of the firm’s stock in a transaction that occurred on Friday, August 29th. The shares were sold at an average price of $348.08, for a total value of $499,494.80. Following the completion of the transaction, the senior vice president owned 3,787 shares in the company, valued at $1,318,178.96. This represents a 27.48% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 31,922 shares of company stock worth $11,191,812. Company insiders own 0.68% of the company’s stock.

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.