Rockwell Automation, Inc. $ROK Shares Sold by Brighton Jones LLC

Brighton Jones LLC reduced its stake in shares of Rockwell Automation, Inc. (NYSE:ROK) by 2.0% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,387 shares of the industrial products company’s stock after selling 29 shares during the period. Brighton Jones LLC’s holdings in Rockwell Automation were worth $461,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of ROK. Robeco Institutional Asset Management B.V. raised its position in shares of 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 last quarter. Great Lakes Advisors LLC acquired a new position in Rockwell Automation in the 1st quarter valued at $73,908,000. Nuveen LLC acquired a new position in Rockwell Automation in the 1st quarter valued at $63,632,000. Raymond James Financial Inc. raised its holdings in Rockwell Automation by 213.7% in the 1st quarter. Raymond James Financial Inc. now owns 357,080 shares of the industrial products company’s stock valued at $92,263,000 after acquiring an additional 243,249 shares during the last quarter. Finally, Assenagon Asset Management S.A. raised its holdings in Rockwell Automation by 1,950.4% in the 2nd 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 last quarter. 75.75% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CEO Blake D. Moret sold 24,400 shares of the stock in a transaction on 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 completion of the sale, the chief executive officer directly owned 83,873 shares in the company, valued at approximately $29,366,453.49. This represents a 22.54% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Isaac Woods sold 250 shares of the stock in a transaction on Thursday, September 11th. The shares were sold at an average price of $350.00, for a total value of $87,500.00. Following the completion of the sale, the vice president owned 1,662 shares of the company’s stock, valued at approximately $581,700. This represents a 13.08% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 29,553 shares of company stock valued at $10,361,079 in the last 90 days. 0.68% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Stephens reiterated an “overweight” rating and issued a $375.00 price target (up from $350.00) on shares of Rockwell Automation in a report on Wednesday, July 16th. Oppenheimer boosted their price target on Rockwell Automation from $363.00 to $365.00 and gave the company an “outperform” rating in a report on Tuesday, October 14th. KeyCorp boosted their price target on Rockwell Automation from $370.00 to $380.00 and gave the company an “overweight” rating in a report on Thursday, August 7th. CICC Research started coverage on Rockwell Automation in a report on Monday, July 7th. They issued an “outperform” rating and a $381.00 price target for the company. Finally, JPMorgan Chase & Co. upped their price objective on Rockwell Automation from $320.00 to $357.00 and gave the stock a “neutral” rating in a report on Wednesday, October 15th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $347.94.

Rockwell Automation Trading Up 1.7%

ROK stock opened at $368.05 on Thursday. The company has a market cap of $41.38 billion, a price-to-earnings 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. The business has a fifty day simple moving average of $347.12 and a 200-day simple moving average of $325.41. Rockwell Automation, Inc. has a 52 week low of $215.00 and a 52 week high of $372.23.

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

Rockwell Automation 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.