Ellevest Inc. decreased its position in Rockwell Automation, Inc. (NYSE:ROK – Get Rating) by 16.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 310 shares of the industrial products company's stock after selling 60 shares during the quarter. Ellevest Inc.'s holdings in Rockwell Automation were worth $62,000 at the end of the most recent reporting period.
Several other institutional investors have also modified their holdings of the company. Vanguard Group Inc. lifted its holdings in shares of Rockwell Automation by 0.9% in the first quarter. Vanguard Group Inc. now owns 11,472,877 shares of the industrial products company's stock valued at $3,212,750,000 after buying an additional 106,641 shares during the period. BlackRock Inc. lifted its holdings in shares of Rockwell Automation by 2.9% during the first quarter. BlackRock Inc. now owns 9,227,972 shares of the industrial products company's stock valued at $2,584,111,000 after purchasing an additional 261,227 shares during the last quarter. Capital World Investors lifted its holdings in shares of Rockwell Automation by 35.2% during the fourth quarter. Capital World Investors now owns 4,892,850 shares of the industrial products company's stock valued at $1,706,871,000 after purchasing an additional 1,272,634 shares during the last quarter. Alecta Tjanstepension Omsesidigt lifted its holdings in shares of Rockwell Automation by 8.2% during the second quarter. Alecta Tjanstepension Omsesidigt now owns 2,978,265 shares of the industrial products company's stock valued at $594,015,000 after purchasing an additional 225,000 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Rockwell Automation by 1.3% during the first quarter. Bank of New York Mellon Corp now owns 1,369,647 shares of the industrial products company's stock valued at $383,543,000 after purchasing an additional 17,841 shares during the last quarter. Institutional investors and hedge funds own 79.11% of the company's stock.
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Insider Activity
In other news, VP John M. Miller sold 1,200 shares of the stock in a transaction dated Friday, July 29th. The stock was sold at an average price of $253.10, for a total transaction of $303,720.00. Following the transaction, the vice president now owns 4,508 shares of the company's stock, valued at approximately $1,140,974.80. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.68% of the stock is currently owned by insiders.
Analysts Set New Price Targets
Several equities research analysts have recently commented on ROK shares. Credit Suisse Group set a $219.00 target price on Rockwell Automation in a report on Tuesday, July 19th. Wells Fargo & Company reduced their target price on Rockwell Automation from $190.00 to $189.00 in a report on Tuesday, July 12th. Deutsche Bank Aktiengesellschaft upped their target price on Rockwell Automation from $212.00 to $231.00 in a report on Thursday, July 28th. TheStreet raised Rockwell Automation from a "c" rating to a "b" rating in a research report on Thursday, September 15th. Finally, StockNews.com raised Rockwell Automation from a "sell" rating to a "hold" rating in a research report on Saturday, July 23rd. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $240.29.
Rockwell Automation Stock Performance
Shares of ROK stock opened at $215.11 on Friday. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.06 and a quick ratio of 0.76. Rockwell Automation, Inc. has a fifty-two week low of $190.08 and a fifty-two week high of $354.99. The stock's 50-day moving average is $241.53 and its two-hundred day moving average is $233.43. The firm has a market cap of $24.83 billion, a P/E ratio of 37.54, a PEG ratio of 2.39 and a beta of 1.47.
Rockwell Automation (NYSE:ROK – Get Rating) last issued its quarterly earnings data on Wednesday, July 27th. The industrial products company reported $2.66 EPS for the quarter, beating analysts' consensus estimates of $2.31 by $0.35. The business had revenue of $1.97 billion for the quarter, compared to analyst estimates of $1.98 billion. Rockwell Automation had a return on equity of 37.06% and a net margin of 9.03%. The firm's revenue for the quarter was up 6.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.31 EPS. Analysts predict that Rockwell Automation, Inc. will post 9.4 earnings per share for the current fiscal year.
Rockwell Automation Company Profile
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Rockwell Automation, Inc provides industrial automation and digital transformation solutions in the United States and internationally. The company operates in three segments, Intelligent Devices, Software & Control, and Lifecycle Services. Its solutions include hardware and software products, and services.
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