Global Assets Advisory LLC Invests $574,000 in Rockwell Automation, Inc. $ROK

Global Assets Advisory LLC purchased a new position in shares of Rockwell Automation, Inc. (NYSE:ROK) during the second quarter, HoldingsChannel reports. The firm purchased 1,694 shares of the industrial products company’s stock, valued at approximately $574,000.

Other large investors have also recently added to or reduced their stakes in the company. Robeco Institutional Asset Management B.V. increased its position in Rockwell Automation by 720.8% during the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 399,309 shares of the industrial products company’s stock worth $132,638,000 after purchasing an additional 350,662 shares during the period. Great Lakes Advisors LLC purchased a new stake in shares of Rockwell Automation in the first quarter valued at approximately $73,908,000. Nuveen LLC acquired a new position in Rockwell Automation during the first quarter worth $63,632,000. Raymond James Financial Inc. raised its position in Rockwell Automation by 213.7% in the first quarter. Raymond James Financial Inc. now owns 357,080 shares of the industrial products company’s stock worth $92,263,000 after acquiring an additional 243,249 shares in the last quarter. Finally, Assenagon Asset Management S.A. lifted its holdings in Rockwell Automation by 1,950.4% in the second quarter. Assenagon Asset Management S.A. now owns 202,788 shares of the industrial products company’s stock valued at $67,360,000 after acquiring an additional 192,898 shares during the period. 75.75% of the stock is owned by hedge funds and other institutional investors.

Rockwell Automation Trading Up 0.1%

Shares of Rockwell Automation stock opened at $349.05 on Monday. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.06 and a quick ratio of 0.72. Rockwell Automation, Inc. has a 1 year low of $215.00 and a 1 year high of $360.92. The company has a market capitalization of $39.24 billion, a P/E ratio of 40.97, a P/E/G ratio of 3.10 and a beta of 1.41. The business has a 50 day moving average price of $344.60 and a 200 day moving average price of $312.39.

Rockwell Automation (NYSE:ROK) last announced its earnings results on Wednesday, August 6th. The industrial products company reported $2.82 EPS 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%.Rockwell Automation’s quarterly revenue was up 4.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.71 EPS. Sell-side analysts anticipate that Rockwell Automation, Inc. will post 9.35 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the stock. Barclays upped their price target on shares of Rockwell Automation from $357.00 to $370.00 and gave the stock an “overweight” rating in a research note on Thursday, August 14th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Rockwell Automation in a report on Saturday, September 27th. KeyCorp boosted their price target on Rockwell Automation from $370.00 to $380.00 and gave the stock an “overweight” rating in a research note on Thursday, August 7th. Stephens restated 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. Finally, Wall Street Zen raised Rockwell Automation from a “hold” rating to a “buy” rating in a research note on Sunday, September 21st. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $340.16.

Insider Buying and Selling at Rockwell Automation

In related news, Director James P. Keane sold 3,000 shares of Rockwell Automation stock in a transaction dated Tuesday, August 26th. The stock was 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 in the company, valued at approximately $3,272,903.52. This trade represents a 24.61% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Isaac Woods sold 250 shares of the business’s stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $350.00, for a total transaction of $87,500.00. Following the completion of the transaction, the vice president directly owned 1,662 shares of the company’s stock, valued at $581,700. The trade was a 13.08% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 31,922 shares of company stock valued at $11,191,812. 0.68% of the stock is owned by company insiders.

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.