Rockwell Automation, Inc. (NYSE:ROK) Shares Bought by BSW Wealth Partners

BSW Wealth Partners lifted its stake in shares of Rockwell Automation, Inc. (NYSE:ROK) by 11.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,029 shares of the industrial products company’s stock after purchasing an additional 108 shares during the quarter. BSW Wealth Partners’ holdings in Rockwell Automation were worth $294,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Perigon Wealth Management LLC grew its position in Rockwell Automation by 3.4% during the fourth quarter. Perigon Wealth Management LLC now owns 2,877 shares of the industrial products company’s stock worth $808,000 after buying an additional 94 shares during the period. VCI Wealth Management LLC boosted its stake in shares of Rockwell Automation by 33.9% during the 4th quarter. VCI Wealth Management LLC now owns 6,077 shares of the industrial products company’s stock worth $1,737,000 after acquiring an additional 1,537 shares in the last quarter. Fortitude Advisory Group L.L.C. grew its holdings in shares of Rockwell Automation by 3.8% in the 4th quarter. Fortitude Advisory Group L.L.C. now owns 1,082 shares of the industrial products company’s stock worth $309,000 after acquiring an additional 40 shares during the period. Mount Yale Investment Advisors LLC purchased a new position in Rockwell Automation in the 4th quarter valued at approximately $713,000. Finally, Cornerstone Wealth Group LLC purchased a new position in Rockwell Automation in the 4th quarter valued at approximately $210,000. Hedge funds and other institutional investors own 75.75% of the company’s stock.

Insider Buying and Selling

In related news, Director James P. Keane sold 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $296.00, for a total value of $592,000.00. Following the sale, the director now directly owns 11,518 shares in the company, valued at $3,409,328. This trade represents a 14.80 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Blake D. Moret sold 26,700 shares of Rockwell Automation stock in a transaction on Monday, November 25th. The shares were 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 in the company, valued at $23,327,482.45. The trade was a 25.47 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 36,436 shares of company stock valued at $10,832,549 in the last quarter. Company insiders own 0.68% of the company’s stock.

Rockwell Automation Stock Performance

Shares of ROK stock opened at $278.97 on Thursday. The company has a market cap of $31.53 billion, a P/E ratio of 33.69, a PEG ratio of 3.11 and a beta of 1.36. The business has a 50 day moving average of $288.61 and a two-hundred day moving average of $275.31. Rockwell Automation, Inc. has a 52 week low of $242.81 and a 52 week high of $307.71. The company has a quick ratio of 0.72, a current ratio of 1.08 and a debt-to-equity ratio of 0.70.

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. HSBC upgraded shares of Rockwell Automation from a “hold” rating to a “buy” rating and set a $355.00 price objective on the stock in a research report on Wednesday, December 11th. Bank of America lifted their price objective on Rockwell Automation from $270.00 to $285.00 and gave the company a “neutral” rating in a research report on Thursday, October 17th. UBS Group initiated coverage on shares of Rockwell Automation in a research note on Wednesday, November 13th. They set a “neutral” rating and a $313.00 price objective for the company. Wells Fargo & Company lifted their target price on Rockwell Automation from $293.00 to $305.00 and gave the company an “overweight” rating in a report on Monday, October 7th. Finally, Stephens raised shares of Rockwell Automation from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $275.00 to $350.00 in a research report on Thursday, January 16th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $304.16.

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.