Delaney Dennis R Sells 768 Shares of Rockwell Automation, Inc. $ROK

Delaney Dennis R cut its position in Rockwell Automation, Inc. (NYSE:ROK) by 3.5% during the second quarter, Holdings Channel.com reports. The institutional investor owned 20,927 shares of the industrial products company’s stock after selling 768 shares during the quarter. Rockwell Automation accounts for 3.6% of Delaney Dennis R’s investment portfolio, making the stock its 12th largest holding. Delaney Dennis R’s holdings in Rockwell Automation were worth $6,951,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Howe & Rusling Inc. boosted its position in Rockwell Automation by 4.9% in the 1st quarter. Howe & Rusling Inc. now owns 794 shares of the industrial products company’s stock valued at $205,000 after buying an additional 37 shares during the last quarter. IFP Advisors Inc boosted its holdings in Rockwell Automation by 2.7% in the second quarter. IFP Advisors Inc now owns 1,427 shares of the industrial products company’s stock valued at $476,000 after acquiring an additional 37 shares during the last quarter. Allspring Global Investments Holdings LLC increased its position in Rockwell Automation by 0.8% in the first quarter. Allspring Global Investments Holdings LLC now owns 5,652 shares of the industrial products company’s stock worth $1,462,000 after purchasing an additional 43 shares during the period. Wealthfront Advisers LLC raised its holdings in Rockwell Automation by 0.6% during the 1st quarter. Wealthfront Advisers LLC now owns 7,708 shares of the industrial products company’s stock worth $1,992,000 after purchasing an additional 43 shares during the last quarter. Finally, Koshinski Asset Management Inc. lifted its position in Rockwell Automation by 1.1% during the 1st quarter. Koshinski Asset Management Inc. now owns 4,097 shares of the industrial products company’s stock valued at $1,059,000 after purchasing an additional 46 shares during the period. Institutional investors and hedge funds own 75.75% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on ROK. Stephens reiterated an “overweight” rating and set a $375.00 price target (up previously from $350.00) on shares of Rockwell Automation in a research report on Wednesday, July 16th. Citigroup reaffirmed a “buy” rating on shares of Rockwell Automation in a report on Thursday. Oppenheimer dropped their target price on shares of Rockwell Automation from $371.00 to $363.00 and set an “outperform” rating for the company in a research report on Thursday, August 7th. Wall Street Zen upgraded Rockwell Automation from a “hold” rating to a “buy” rating in a research report on Sunday, September 21st. Finally, CICC Research started coverage on Rockwell Automation in a report on Monday, July 7th. They issued an “outperform” rating and a $381.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $340.68.

Insider Buying and Selling at Rockwell Automation

In related news, Director James P. Keane sold 3,000 shares of the business’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 sale, the director directly owned 9,192 shares of the company’s stock, valued at approximately $3,272,903.52. The trade was a 24.61% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Blake D. Moret sold 24,400 shares of Rockwell Automation stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $350.13, for a total value of $8,543,172.00. Following the completion of the sale, the chief executive officer directly owned 83,873 shares in the company, valued at $29,366,453.49. This represents a 22.54% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 31,922 shares of company stock valued at $11,191,812 over the last quarter. 0.68% of the stock is currently owned by corporate insiders.

Rockwell Automation Stock Down 2.6%

Shares of Rockwell Automation stock opened at $333.79 on Monday. The company has a market capitalization of $37.53 billion, a P/E ratio of 39.18, a price-to-earnings-growth ratio of 2.98 and a beta of 1.41. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.06 and a quick ratio of 0.72. The business has a 50-day moving average of $343.79 and a two-hundred day moving average of $315.04. Rockwell Automation, Inc. has a 1 year low of $215.00 and a 1 year high of $360.92.

Rockwell Automation (NYSE:ROK) last released its quarterly earnings data on Wednesday, August 6th. The industrial products company reported $2.82 earnings per share for the quarter, beating the consensus estimate of $2.67 by $0.15. Rockwell Automation had a return on equity of 30.14% and a net margin of 12.03%.The business had revenue of $2.14 billion for the quarter, compared to analysts’ expectations of $2.07 billion. During the same quarter in the previous year, the business posted $2.71 EPS. Rockwell Automation’s revenue for the quarter was up 4.5% on a year-over-year basis. As a group, equities analysts predict that Rockwell Automation, Inc. will post 9.35 EPS for the current year.

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.