Rockwell Automation, Inc. (NYSE:ROK) Shares Sold by Symphony Financial Ltd. Co.

Symphony Financial Ltd. Co. cut its position in shares of Rockwell Automation, Inc. (NYSE:ROK) by 15.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,704 shares of the industrial products company’s stock after selling 499 shares during the period. Symphony Financial Ltd. Co.’s holdings in Rockwell Automation were worth $877,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Aspire Private Capital LLC purchased a new position in Rockwell Automation during the first quarter worth about $11,444,550,000. Clear Street Markets LLC purchased a new stake in shares of Rockwell Automation in the 4th quarter valued at approximately $30,000. Harvest Fund Management Co. Ltd purchased a new stake in shares of Rockwell Automation in the 2nd quarter valued at approximately $41,000. Delta Asset Management LLC TN acquired a new stake in Rockwell Automation during the 4th quarter worth approximately $32,000. Finally, First Manhattan Co. lifted its holdings in Rockwell Automation by 150.0% during the 4th quarter. First Manhattan Co. now owns 125 shares of the industrial products company’s stock worth $32,000 after buying an additional 75 shares in the last quarter. 80.84% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Rockwell Automation

In related news, VP Isaac Woods sold 150 shares of the firm’s stock in a transaction dated Wednesday, June 28th. The shares were sold at an average price of $325.00, for a total value of $48,750.00. Following the completion of the sale, the vice president now owns 940 shares in the company, valued at $305,500. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, SVP Tessa M. Myers sold 677 shares of Rockwell Automation stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $301.18, for a total transaction of $203,898.86. Following the completion of the sale, the senior vice president now directly owns 2,880 shares in the company, valued at $867,398.40. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Isaac Woods sold 150 shares of Rockwell Automation stock in a transaction dated Wednesday, June 28th. The stock was sold at an average price of $325.00, for a total transaction of $48,750.00. Following the sale, the vice president now owns 940 shares of the company’s stock, valued at $305,500. The disclosure for this sale can be found here. Insiders sold 1,327 shares of company stock worth $401,459 over the last 90 days. Company insiders own 0.64% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Wolfe Research upgraded shares of Rockwell Automation from an “underperform” rating to a “peer perform” rating in a report on Tuesday, July 11th. Bank of America dropped their price objective on shares of Rockwell Automation from $375.00 to $335.00 in a research report on Wednesday, August 2nd. Jefferies Financial Group assumed coverage on shares of Rockwell Automation in a research report on Tuesday, June 27th. They issued a “hold” rating and a $335.00 price objective on the stock. Wells Fargo & Company raised shares of Rockwell Automation from an “underweight” rating to an “equal weight” rating and increased their target price for the company from $290.00 to $317.00 in a research report on Tuesday, August 29th. They noted that the move was a valuation call. Finally, Morgan Stanley increased their target price on shares of Rockwell Automation from $340.00 to $345.00 and gave the company an “overweight” rating in a research report on Wednesday, August 2nd. Four research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $289.00.

Rockwell Automation Stock Performance

Rockwell Automation stock traded down $2.73 during midday trading on Tuesday, hitting $286.00. 131,413 shares of the company’s stock were exchanged, compared to its average volume of 739,457. Rockwell Automation, Inc. has a 12-month low of $209.27 and a 12-month high of $348.52. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.76 and a current ratio of 1.12. The stock has a market cap of $32.85 billion, a price-to-earnings ratio of 23.56, a price-to-earnings-growth ratio of 1.93 and a beta of 1.45. The firm’s 50 day simple moving average is $312.94 and its 200 day simple moving average is $298.47.

Rockwell Automation (NYSE:ROK) last released its earnings results on Tuesday, August 1st. The industrial products company reported $3.01 EPS for the quarter, missing the consensus estimate of $3.19 by ($0.18). Rockwell Automation had a return on equity of 40.33% and a net margin of 16.51%. The firm had revenue of $2.24 billion during the quarter, compared to analyst estimates of $2.33 billion. During the same quarter last year, the business posted $2.66 EPS. The firm’s revenue was up 13.7% on a year-over-year basis. Equities research analysts predict that Rockwell Automation, Inc. will post 11.94 EPS for the current year.

About Rockwell Automation

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.