Rockwell Automation, Inc. (NYSE:ROK) Shares Bought by Ethic Inc.

Ethic Inc. lifted its position in Rockwell Automation, Inc. (NYSE:ROKGet Rating) by 9.4% in the 1st quarter, Holdings Channel.com reports. The fund owned 6,064 shares of the industrial products company’s stock after acquiring an additional 519 shares during the period. Ethic Inc.’s holdings in Rockwell Automation were worth $1,698,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Hilltop Holdings Inc. grew its position in shares of Rockwell Automation by 6.3% in the 4th quarter. Hilltop Holdings Inc. now owns 1,261 shares of the industrial products company’s stock worth $440,000 after acquiring an additional 75 shares in the last quarter. Metropolitan Life Insurance Co NY lifted its holdings in shares of 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 purchasing an additional 496 shares during the last quarter. O Shaughnessy Asset Management LLC lifted its holdings in shares of Rockwell Automation by 3.6% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 2,110 shares of the industrial products company’s stock worth $736,000 after purchasing an additional 73 shares during the last quarter. Weil Company Inc. lifted its holdings in shares of Rockwell Automation by 83.5% in the 1st 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. Finally, CVA Family Office LLC lifted its holdings in shares of Rockwell Automation by 39.4% in the 1st quarter. CVA Family Office LLC now owns 460 shares of the industrial products company’s stock worth $129,000 after purchasing an additional 130 shares during the last quarter. Institutional investors and hedge funds own 79.11% of the company’s stock.

Rockwell Automation Stock Up 4.3 %

ROK opened at $255.38 on Monday. Rockwell Automation, Inc. has a one year low of $190.08 and a one year high of $354.99. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.76 and a current ratio of 1.06. The stock’s fifty day moving average is $233.84 and its 200-day moving average is $236.60. The company has a market capitalization of $29.48 billion, a PE ratio of 44.57, a P/E/G ratio of 2.80 and a beta of 1.47.

Rockwell Automation (NYSE:ROKGet Rating) last posted its quarterly earnings data on Wednesday, July 27th. The industrial products company reported $2.66 EPS for the quarter, topping analysts’ consensus estimates of $2.33 by $0.33. Rockwell Automation had a return on equity of 37.06% and a net margin of 9.03%. The company had revenue of $1.97 billion for the quarter, compared to the consensus estimate of $1.98 billion. During the same quarter in the previous year, the business earned $2.31 EPS. The company’s quarterly revenue was up 6.5% compared to the same quarter last year. On average, equities analysts predict that Rockwell Automation, Inc. will post 9.4 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages recently issued reports on ROK. StockNews.com raised Rockwell Automation from a “sell” rating to a “hold” rating in a report on Saturday, July 23rd. Mizuho cut their price target on Rockwell Automation from $215.00 to $200.00 and set a “neutral” rating on the stock in a report on Monday, July 18th. Argus raised their price target on Rockwell Automation from $250.00 to $290.00 and gave the stock a “buy” rating in a report on Wednesday, August 17th. Credit Suisse Group set a $219.00 price target on Rockwell Automation in a report on Tuesday, July 19th. Finally, Barclays cut their target price on Rockwell Automation from $200.00 to $190.00 in a research note on Friday, July 8th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $240.29.

Insider Transactions at Rockwell Automation

In related news, VP John M. Miller sold 1,200 shares of Rockwell Automation stock in a transaction on Friday, July 29th. The stock was sold at an average price of $253.10, for a total value of $303,720.00. Following the transaction, the vice president now directly owns 4,508 shares in the company, valued at approximately $1,140,974.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.68% of the company’s stock.

About Rockwell Automation

(Get Rating)

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.

Further Reading

Want to see what other hedge funds are holding ROK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Rockwell Automation, Inc. (NYSE:ROKGet Rating).

Institutional Ownership by Quarter for Rockwell Automation (NYSE:ROK)

Receive News & Ratings for Rockwell Automation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rockwell Automation and related companies with MarketBeat.com's FREE daily email newsletter.