Wealthfront Advisers LLC lifted its position in Rockwell Automation, Inc. (NYSE:ROK – Get Rating) by 19.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 13,180 shares of the industrial products company's stock after purchasing an additional 2,192 shares during the quarter. Wealthfront Advisers LLC's holdings in Rockwell Automation were worth $2,627,000 at the end of the most recent quarter.
Other institutional investors have also recently made changes to their positions in the company. Metropolitan Life Insurance Co NY increased its stake in Rockwell Automation by 3.1% in the 4th quarter. Metropolitan Life Insurance Co NY now owns 16,418 shares of the industrial products company's stock worth $5,727,000 after acquiring an additional 496 shares during the last quarter. Weil Company Inc. increased its position in shares of Rockwell Automation by 83.5% in the first quarter. Weil Company Inc. now owns 9,257 shares of the industrial products company's stock worth $2,592,000 after purchasing an additional 4,211 shares during the last quarter. CVA Family Office LLC raised its stake in Rockwell Automation by 39.4% in the first quarter. CVA Family Office LLC now owns 460 shares of the industrial products company's stock valued at $129,000 after purchasing an additional 130 shares in the last quarter. First Citizens Bank & Trust Co. bought a new stake in Rockwell Automation during the fourth quarter valued at approximately $209,000. Finally, Central Bank & Trust Co. purchased a new position in Rockwell Automation in the 1st quarter worth approximately $310,000. Institutional investors own 79.11% of the company's stock.
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Analysts Set New Price Targets
A number of analysts have recently issued reports on the stock. Argus lifted their price objective on shares of Rockwell Automation from $250.00 to $290.00 and gave the stock a "buy" rating in a report on Wednesday, August 17th. Wells Fargo & Company reduced their price objective on Rockwell Automation from $190.00 to $189.00 in a research report on Tuesday, July 12th. StockNews.com upgraded Rockwell Automation from a "sell" rating to a "hold" rating in a research report on Saturday, July 23rd. Barclays reduced their price target on shares of Rockwell Automation from $200.00 to $190.00 in a research report on Friday, July 8th. Finally, Sanford C. Bernstein lowered shares of Rockwell Automation from an "outperform" rating to a "market perform" rating and set a $290.00 price objective for the company. in a report on Tuesday, August 16th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $240.29.
Rockwell Automation Stock Performance
Rockwell Automation stock opened at $215.11 on Friday. Rockwell Automation, Inc. has a 1-year low of $190.08 and a 1-year high of $354.99. The firm has a market cap of $24.83 billion, a P/E ratio of 37.54, a P/E/G ratio of 2.37 and a beta of 1.47. The company has a current ratio of 1.06, a quick ratio of 0.76 and a debt-to-equity ratio of 1.29. The firm has a 50-day moving average of $241.53 and a 200-day moving average of $233.18.
Rockwell Automation (NYSE:ROK – Get Rating) last issued its quarterly earnings data on Wednesday, July 27th. The industrial products company reported $2.66 earnings per share for the quarter, topping analysts' consensus estimates of $2.31 by $0.35. The firm 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 business's quarterly revenue was up 6.5% compared to the same quarter last year. During the same period last year, the company earned $2.31 EPS. Sell-side analysts expect that Rockwell Automation, Inc. will post 9.4 EPS for the current year.
Insider Buying and Selling at Rockwell Automation
In other news, VP John M. Miller sold 1,200 shares of the firm's stock in a transaction dated Friday, July 29th. The shares were sold at an average price of $253.10, for a total value of $303,720.00. Following the completion of the sale, the vice president now directly owns 4,508 shares of the company's stock, valued at approximately $1,140,974.80. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.68% of the company's stock.
About Rockwell Automation
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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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