Rockwell Automation, Inc. (NYSE:ROK) Shares Acquired by Clearstead Advisors LLC

Clearstead Advisors LLC grew its position in Rockwell Automation, Inc. (NYSE:ROKFree Report) by 11.0% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 2,583 shares of the industrial products company’s stock after acquiring an additional 255 shares during the quarter. Clearstead Advisors LLC’s holdings in Rockwell Automation were worth $738,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Tokio Marine Asset Management Co. Ltd. raised its holdings in shares of Rockwell Automation by 9.4% during the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 2,728 shares of the industrial products company’s stock valued at $780,000 after buying an additional 234 shares during the period. B. Riley Wealth Advisors Inc. raised its holdings in shares of Rockwell Automation by 94.7% during the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 14,794 shares of the industrial products company’s stock valued at $4,874,000 after buying an additional 7,197 shares during the period. Bank of Nova Scotia raised its holdings in shares of Rockwell Automation by 16.2% during the 2nd quarter. Bank of Nova Scotia now owns 8,526 shares of the industrial products company’s stock valued at $2,809,000 after buying an additional 1,189 shares during the period. WBI Investments Inc. purchased a new stake in shares of Rockwell Automation during the 2nd quarter valued at about $2,822,000. Finally, BI Asset Management Fondsmaeglerselskab A S increased its holdings in Rockwell Automation by 10.7% during the 2nd quarter. BI Asset Management Fondsmaeglerselskab A S now owns 13,187 shares of the industrial products company’s stock worth $4,344,000 after purchasing an additional 1,276 shares during the last quarter. 80.84% of the stock is currently owned by hedge funds and other institutional investors.

Rockwell Automation Stock Up 0.9 %

Shares of Rockwell Automation stock opened at $307.26 on Wednesday. The stock’s fifty day moving average is $296.15 and its 200-day moving average is $293.75. The firm has a market capitalization of $35.23 billion, a PE ratio of 25.69, a price-to-earnings-growth ratio of 2.73 and a beta of 1.43. The company has a quick ratio of 1.04, a current ratio of 1.46 and a debt-to-equity ratio of 0.76. Rockwell Automation, Inc. has a 12-month low of $252.19 and a 12-month high of $348.52.

Rockwell Automation (NYSE:ROKGet Free Report) last posted its quarterly earnings results on Thursday, November 2nd. The industrial products company reported $3.64 earnings per share for the quarter, beating the consensus estimate of $3.49 by $0.15. The firm had revenue of $2.56 billion for the quarter, compared to analyst estimates of $2.44 billion. Rockwell Automation had a return on equity of 40.19% and a net margin of 15.32%. Equities analysts anticipate that Rockwell Automation, Inc. will post 12.85 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on ROK shares. StockNews.com began coverage on Rockwell Automation in a report on Thursday, October 5th. They set a “hold” rating on the stock. UBS Group upgraded Rockwell Automation from a “neutral” rating to a “buy” rating and boosted their price target for the company from $305.00 to $360.00 in a report on Wednesday, January 3rd. Barclays lowered their price target on Rockwell Automation from $287.00 to $270.00 in a report on Tuesday, October 10th. Mizuho reduced their price objective on Rockwell Automation from $270.00 to $265.00 and set a “neutral” rating for the company in a research report on Friday, November 3rd. Finally, Wells Fargo & Company upgraded Rockwell Automation from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $280.00 to $357.00 in a research report on Tuesday, December 19th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, Rockwell Automation currently has a consensus rating of “Hold” and an average target price of $320.00.

View Our Latest Report on ROK

Insider Buying and Selling

In related news, VP Terry L. Riesterer sold 176 shares of the stock in a transaction dated Monday, December 11th. The stock was sold at an average price of $279.72, for a total value of $49,230.72. Following the completion of the sale, the vice president now directly owns 2,209 shares of the company’s stock, valued at approximately $617,901.48. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, SVP Veena M. Lakkundi sold 597 shares of the stock in a transaction dated Thursday, November 2nd. The stock was sold at an average price of $257.14, for a total transaction of $153,512.58. Following the transaction, the senior vice president now owns 2,805 shares of the company’s stock, valued at approximately $721,277.70. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Terry L. Riesterer sold 176 shares of the stock in a transaction dated Monday, December 11th. The shares were sold at an average price of $279.72, for a total value of $49,230.72. Following the transaction, the vice president now directly owns 2,209 shares in the company, valued at approximately $617,901.48. The disclosure for this sale can be found here. In the last ninety days, insiders sold 10,346 shares of company stock valued at $2,878,915. Corporate insiders own 0.68% of the company’s stock.

Rockwell Automation Company Profile

(Free Report)

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.

See Also

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:ROKFree Report).

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

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