Motco Sells 70 Shares of Rockwell Automation, Inc. $ROK

Motco trimmed its stake in shares of Rockwell Automation, Inc. (NYSE:ROK) by 38.5% in the second quarter, HoldingsChannel.com reports. The fund owned 112 shares of the industrial products company’s stock after selling 70 shares during the quarter. Motco’s holdings in Rockwell Automation were worth $39,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of ROK. Financial Gravity Asset Management Inc. bought a new stake in shares of Rockwell Automation during the 1st quarter valued at $31,000. IMA Advisory Services Inc. bought a new stake in shares of Rockwell Automation during the 1st quarter valued at $32,000. Cooksen Wealth LLC bought a new stake in shares of Rockwell Automation during the 1st quarter valued at $34,000. Legend Financial Advisors Inc. bought a new stake in shares of Rockwell Automation during the 2nd quarter valued at $39,000. Finally, Cary Street Partners Investment Advisory LLC lifted its position in shares of Rockwell Automation by 59.6% during the 1st quarter. Cary Street Partners Investment Advisory LLC now owns 166 shares of the industrial products company’s stock valued at $43,000 after acquiring an additional 62 shares during the period. 75.75% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Rockwell Automation news, CEO Blake D. Moret sold 24,400 shares of the company’s stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of $350.13, for a total value of $8,543,172.00. Following the sale, the chief executive officer owned 83,873 shares in the company, valued at approximately $29,366,453.49. The trade was a 22.54% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Cyril Perducat sold 1,435 shares of the company’s stock in a transaction dated 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 sale, the senior vice president owned 3,787 shares in the company, valued at $1,318,178.96. This trade represents a 27.48% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 29,553 shares of company stock worth $10,361,079. Corporate insiders own 0.68% of the company’s stock.

Rockwell Automation Price Performance

Shares of ROK opened at $368.05 on Thursday. The business has a 50-day simple moving average of $347.12 and a two-hundred day simple moving average of $325.41. Rockwell Automation, Inc. has a 12-month low of $215.00 and a 12-month high of $372.23. The stock has a market cap of $41.38 billion, a PE ratio of 43.20, a PEG ratio of 3.24 and a beta of 1.41. 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 (NYSE:ROK) last released its quarterly 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. Rockwell Automation had a return on equity of 30.14% and a net margin of 12.03%.The firm had revenue of $2.14 billion for the quarter, compared to analyst estimates of $2.07 billion. During the same quarter in the previous year, the company posted $2.71 EPS. The business’s revenue was up 4.5% on a year-over-year basis. Analysts anticipate that Rockwell Automation, Inc. will post 9.35 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. Wells Fargo & Company boosted their price target on Rockwell Automation from $345.00 to $355.00 and gave the stock an “equal weight” rating in a report on Monday, October 6th. Barclays boosted their price target on Rockwell Automation from $357.00 to $370.00 and gave the stock an “overweight” rating in a report on Thursday, August 14th. Bank of America raised Rockwell Automation from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $360.00 to $410.00 in a report on Wednesday, July 16th. Oppenheimer boosted their price target on Rockwell Automation from $363.00 to $365.00 and gave the stock an “outperform” rating in a report on Tuesday, October 14th. Finally, Wall Street Zen raised Rockwell Automation from a “hold” rating to a “buy” rating in a report on Sunday, September 21st. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $347.94.

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.