Duncan Williams Asset Management LLC Invests $291,000 in Rockwell Automation, Inc. $ROK

Duncan Williams Asset Management LLC purchased a new stake in Rockwell Automation, Inc. (NYSE:ROK) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 875 shares of the industrial products company’s stock, valued at approximately $291,000.

Other hedge funds have also added to or reduced their stakes in the company. Citizens National Bank Trust Department purchased a new stake in shares of Rockwell Automation in the first quarter worth approximately $26,000. Financial Gravity Asset Management Inc. bought a new stake in Rockwell Automation during the first quarter worth $31,000. IMA Advisory Services Inc. purchased a new stake in Rockwell Automation in the 1st quarter valued at $32,000. Cooksen Wealth LLC purchased a new stake in Rockwell Automation in the 1st quarter valued at $34,000. Finally, Legend Financial Advisors Inc. bought a new position in Rockwell Automation during the 2nd quarter valued at $39,000. Institutional investors and hedge funds own 75.75% of the company’s stock.

Rockwell Automation Stock Down 0.2%

Rockwell Automation stock opened at $348.69 on Tuesday. The firm has a 50 day moving average price of $344.46 and a 200-day moving average price of $313.01. 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, Inc. has a twelve month low of $215.00 and a twelve month high of $360.92. The company has a market capitalization of $39.20 billion, a P/E ratio of 40.93, a P/E/G ratio of 3.10 and a beta of 1.41.

Rockwell Automation (NYSE:ROK) last posted its quarterly earnings data on Wednesday, August 6th. The industrial products company reported $2.82 EPS 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 the consensus estimate of $2.07 billion. During the same quarter in the prior year, the business earned $2.71 earnings per share. 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.

Insider Activity

In other Rockwell Automation news, VP Isaac Woods sold 365 shares of the company’s stock in a transaction dated Friday, August 29th. The shares were sold at an average price of $348.44, for a total transaction of $127,180.60. Following the sale, the vice president directly owned 1,691 shares of the company’s stock, valued at $589,212.04. This represents a 17.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Blake D. Moret sold 24,400 shares of Rockwell Automation 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 completion of the transaction, the chief executive officer owned 83,873 shares of the company’s stock, valued at $29,366,453.49. The trade was a 22.54% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 31,922 shares of company stock worth $11,191,812. 0.68% of the stock is owned by company insiders.

Analyst Ratings Changes

Several analysts have recently issued reports on ROK shares. Stephens reiterated an “overweight” rating and issued a $375.00 target price (up previously from $350.00) on shares of Rockwell Automation in a research note on Wednesday, July 16th. Wells Fargo & Company upped their price objective on shares of Rockwell Automation from $345.00 to $355.00 and gave the stock an “equal weight” rating in a research report on Monday. KeyCorp increased their price objective on shares of Rockwell Automation from $370.00 to $380.00 and gave the company an “overweight” rating in a research note on Thursday, August 7th. CICC Research began coverage on Rockwell Automation in a research note on Monday, July 7th. They issued an “outperform” rating and a $381.00 target price on the stock. Finally, Bank of America raised Rockwell Automation from a “neutral” rating to a “buy” rating and increased their price target for the company from $360.00 to $410.00 in a research report on Wednesday, July 16th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $340.68.

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.