DMC Group LLC Buys New Position in Rockwell Automation, Inc. (NYSE:ROK)

DMC Group LLC purchased a new position in Rockwell Automation, Inc. (NYSE:ROK) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 776 shares of the industrial products company’s stock, valued at approximately $222,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in ROK. Richardson Financial Services Inc. raised its position in Rockwell Automation by 100.0% during the third quarter. Richardson Financial Services Inc. now owns 96 shares of the industrial products company’s stock valued at $26,000 after purchasing an additional 48 shares in the last quarter. Ashton Thomas Securities LLC bought a new position in shares of Rockwell Automation during the 3rd quarter valued at about $26,000. West Oak Capital LLC increased its position in shares of Rockwell Automation by 455.6% during the 4th quarter. West Oak Capital LLC now owns 100 shares of the industrial products company’s stock valued at $29,000 after purchasing an additional 82 shares during the last quarter. Darwin Wealth Management LLC bought a new stake in Rockwell Automation in the 3rd quarter worth approximately $34,000. Finally, Strategic Investment Solutions Inc. IL purchased a new stake in Rockwell Automation in the second quarter worth approximately $36,000. Hedge funds and other institutional investors own 75.75% of the company’s stock.

Insider Buying and Selling

In other Rockwell Automation news, CEO Blake D. Moret sold 26,700 shares of the business’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $298.63, for a total value of $7,973,421.00. Following the sale, the chief executive officer now directly owns 78,115 shares of the company’s stock, valued at approximately $23,327,482.45. The trade was a 25.47 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Veena M. Lakkundi sold 579 shares of Rockwell Automation stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $266.86, for a total value of $154,511.94. Following the completion of the transaction, the senior vice president now directly owns 4,576 shares of the company’s stock, valued at approximately $1,221,151.36. This represents a 11.23 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 36,436 shares of company stock valued at $10,832,549 over the last quarter. Corporate insiders own 0.68% of the company’s stock.

Analyst Ratings Changes

ROK has been the subject of a number of recent research reports. Citigroup boosted their price objective on shares of Rockwell Automation from $313.00 to $345.00 and gave the stock a “buy” rating in a report on Monday, December 9th. JPMorgan Chase & Co. cut their price target on shares of Rockwell Automation from $245.00 to $240.00 and set an “underweight” rating for the company in a research report on Wednesday, January 15th. Mizuho lifted their price objective on Rockwell Automation from $245.00 to $270.00 and gave the stock a “neutral” rating in a report on Thursday, October 17th. Wells Fargo & Company raised their price target on Rockwell Automation from $293.00 to $305.00 and gave the stock an “overweight” rating in a research report on Monday, October 7th. Finally, Robert W. Baird boosted their price objective on Rockwell Automation from $290.00 to $305.00 and gave the company an “outperform” rating in a research report on Tuesday, November 26th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $304.16.

Rockwell Automation Stock Down 1.2 %

ROK stock opened at $278.97 on Thursday. Rockwell Automation, Inc. has a fifty-two week low of $242.81 and a fifty-two week high of $307.71. The company has a market capitalization of $31.53 billion, a price-to-earnings ratio of 33.69, a price-to-earnings-growth ratio of 3.11 and a beta of 1.36. The business’s 50 day moving average price is $288.61 and its two-hundred day moving average price is $275.31. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.72 and a current ratio of 1.08.

Rockwell Automation (NYSE:ROK) last posted its quarterly earnings data on Thursday, November 7th. The industrial products company reported $2.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.40 by $0.07. Rockwell Automation had a return on equity of 30.42% and a net margin of 11.53%. The business had revenue of $2.04 billion during the quarter, compared to the consensus estimate of $2.06 billion. During the same quarter in the prior year, the company earned $3.64 earnings per share. The firm’s quarterly revenue was down 20.6% compared to the same quarter last year. As a group, analysts forecast that Rockwell Automation, Inc. will post 9.32 earnings per share for the current fiscal year.

Rockwell Automation Profile

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.