Rockwell Automation, Inc. $ROK Shares Bought by Addison Capital Co

Addison Capital Co lifted its holdings in Rockwell Automation, Inc. (NYSE:ROK) by 6.1% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 3,475 shares of the industrial products company’s stock after buying an additional 201 shares during the quarter. Addison Capital Co’s holdings in Rockwell Automation were worth $898,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Citizens National Bank Trust Department acquired a new stake in Rockwell Automation during the first quarter worth about $26,000. Financial Gravity Asset Management Inc. bought a new position in shares of Rockwell Automation during the first quarter valued at approximately $31,000. IMA Advisory Services Inc. acquired a new stake in shares of Rockwell Automation during the 1st quarter worth approximately $32,000. Cooksen Wealth LLC bought a new stake in shares of Rockwell Automation in the 1st quarter worth approximately $34,000. Finally, Cary Street Partners Investment Advisory LLC boosted its position in 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 purchasing an additional 62 shares during the period. Institutional investors own 75.75% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on ROK shares. Bank of America raised Rockwell Automation from a “neutral” rating to a “buy” rating and increased their target price for the stock from $360.00 to $410.00 in a research report on Wednesday, July 16th. JPMorgan Chase & Co. increased their price objective on shares of Rockwell Automation from $271.00 to $299.00 and gave the stock a “neutral” rating in a report on Friday, May 16th. KeyCorp lifted their price objective on shares of Rockwell Automation from $370.00 to $380.00 and gave the company an “overweight” rating in a research report on Thursday, August 7th. Oppenheimer decreased 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. Finally, Citigroup restated a “buy” rating and issued a $392.00 price target (up previously from $371.00) on shares of Rockwell Automation in a research note on Monday, July 14th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Rockwell Automation presently has an average rating of “Moderate Buy” and an average target price of $340.16.

Rockwell Automation Stock Down 1.1%

Shares of Rockwell Automation stock opened at $339.34 on Thursday. Rockwell Automation, Inc. has a 12-month low of $215.00 and a 12-month high of $360.92. The firm has a market capitalization of $38.15 billion, a PE ratio of 39.83, a price-to-earnings-growth ratio of 3.58 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. The stock’s fifty day moving average is $345.64 and its 200-day moving average is $303.10.

Rockwell Automation (NYSE:ROK) last issued its quarterly earnings results on Wednesday, August 6th. The industrial products company reported $2.82 earnings per share for the quarter, topping 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 revenue was up 4.5% on a year-over-year basis. During the same quarter last year, the business posted $2.71 EPS. Equities analysts anticipate that Rockwell Automation, Inc. will post 9.35 earnings per share for the current year.

Insider Activity

In related news, 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 of the company’s stock, valued at approximately $1,318,178.96. This trade represents a 27.48% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director James P. Keane sold 3,000 shares of Rockwell Automation stock in a transaction that occurred on 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 transaction, the director owned 9,192 shares in the company, valued at approximately $3,272,903.52. The trade was a 24.61% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 7,272 shares of company stock valued at $2,561,140. Corporate insiders own 0.68% of the company’s stock.

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.