Rockwell Automation, Inc. $ROK Shares Purchased by DMC Group LLC

DMC Group LLC raised its holdings in Rockwell Automation, Inc. (NYSE:ROK) by 8.0% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,080 shares of the industrial products company’s stock after acquiring an additional 80 shares during the quarter. DMC Group LLC’s holdings in Rockwell Automation were worth $359,000 as of its most recent filing with the SEC.

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

Analysts Set New Price Targets

A number of equities research analysts have commented on ROK shares. Stephens reiterated an “overweight” rating and set a $375.00 target price (up previously from $350.00) on shares of Rockwell Automation in a report on Wednesday, July 16th. KeyCorp lifted their price objective on Rockwell Automation from $370.00 to $380.00 and gave the stock an “overweight” rating in a research report on Thursday, August 7th. Wells Fargo & Company lifted their price target on shares of Rockwell Automation from $345.00 to $355.00 and gave the stock an “equal weight” rating in a report on Monday. CICC Research began coverage on shares of Rockwell Automation in a research note on Monday, July 7th. They set an “outperform” rating and a $381.00 price objective on the stock. Finally, Citigroup reaffirmed a “buy” rating and issued a $392.00 target price (up from $371.00) on shares of Rockwell Automation in a research note on Monday, July 14th. One equities research 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 issued a Sell rating to the stock. Based on data from MarketBeat.com, Rockwell Automation has an average rating of “Moderate Buy” and a consensus target price of $340.68.

Rockwell Automation Trading Down 1.3%

Shares of ROK opened at $344.16 on Wednesday. Rockwell Automation, Inc. has a twelve month low of $215.00 and a twelve month high of $360.92. The firm has a market capitalization of $38.69 billion, a P/E ratio of 40.39, a price-to-earnings-growth ratio of 3.10 and a beta of 1.41. The company has a current ratio of 1.06, a quick ratio of 0.72 and a debt-to-equity ratio of 0.72. The stock’s fifty day simple moving average is $344.26 and its 200 day simple moving average is $313.23.

Rockwell Automation (NYSE:ROK) last announced its quarterly earnings results on Wednesday, August 6th. The industrial products company reported $2.82 EPS for the quarter, topping the consensus estimate of $2.67 by $0.15. The company had revenue of $2.14 billion during the quarter, compared to analyst estimates of $2.07 billion. Rockwell Automation had a return on equity of 30.14% and a net margin of 12.03%.The firm’s revenue was up 4.5% on a year-over-year basis. During the same period in the prior year, the firm posted $2.71 earnings per share. On average, equities research analysts forecast that Rockwell Automation, Inc. will post 9.35 earnings per share for the current year.

Insider Buying and Selling at Rockwell Automation

In other news, Director James P. Keane sold 3,000 shares of the company’s stock in a transaction dated Tuesday, August 26th. The stock was sold at an average price of $356.06, for a total value of $1,068,180.00. Following the completion of the sale, the director owned 9,192 shares of the company’s stock, valued at $3,272,903.52. This represents a 24.61% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Cyril Perducat sold 1,435 shares of the firm’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 sale, the senior vice president owned 3,787 shares in the company, valued at approximately $1,318,178.96. The trade was a 27.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 31,922 shares of company stock worth $11,191,812. Corporate insiders own 0.68% of the company’s stock.

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.