Manning & Napier Advisors LLC Purchases New Position in Rockwell Automation, Inc. (NYSE:ROK)

Manning & Napier Advisors LLC purchased a new stake in shares of Rockwell Automation, Inc. (NYSE:ROK) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 6,885 shares of the industrial products company’s stock, valued at approximately $1,968,000.

A number of other hedge funds also recently bought and sold shares of the business. State Street Corp increased its holdings in Rockwell Automation by 0.3% during the 3rd quarter. State Street Corp now owns 4,648,137 shares of the industrial products company’s stock valued at $1,247,839,000 after purchasing an additional 11,949 shares during the period. Geode Capital Management LLC grew its holdings in shares of Rockwell Automation by 0.5% during the 3rd quarter. Geode Capital Management LLC now owns 2,683,202 shares of the industrial products company’s stock worth $717,865,000 after acquiring an additional 14,040 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in shares of Rockwell Automation by 33.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,556,292 shares of the industrial products company’s stock worth $417,802,000 after acquiring an additional 390,784 shares during the period. Accredited Investors Inc. grew its holdings in shares of Rockwell Automation by 162,058.5% during the 3rd quarter. Accredited Investors Inc. now owns 1,185,379 shares of the industrial products company’s stock worth $318,227,000 after acquiring an additional 1,184,648 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Rockwell Automation by 6.4% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,128,811 shares of the industrial products company’s stock worth $303,041,000 after acquiring an additional 67,684 shares during the period. Hedge funds and other institutional investors own 75.75% of the company’s stock.

Insiders Place Their Bets

In other Rockwell Automation news, CEO Blake D. Moret sold 26,700 shares of the 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 completion of the sale, the chief executive officer now owns 78,115 shares in the company, valued at approximately $23,327,482.45. This represents a 25.47 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Isaac Woods sold 895 shares of the stock in a transaction on Friday, January 10th. The stock was sold at an average price of $274.72, for a total value of $245,874.40. Following the completion of the sale, the vice president now owns 1,198 shares of the company’s stock, valued at $329,114.56. The trade was a 42.76 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 36,436 shares of company stock worth $10,832,549. Corporate insiders own 0.68% of the company’s stock.

Analysts Set New Price Targets

ROK has been the topic of a number of research analyst reports. JPMorgan Chase & Co. reduced their target price on Rockwell Automation from $245.00 to $240.00 and set an “underweight” rating on the stock in a report on Wednesday, January 15th. Oppenheimer upped their target price on Rockwell Automation from $288.00 to $300.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. UBS Group began coverage on Rockwell Automation in a research report on Wednesday, November 13th. They issued a “neutral” rating and a $313.00 price target on the stock. Morgan Stanley boosted their price target on Rockwell Automation from $320.00 to $335.00 and gave the stock an “overweight” rating in a research report on Friday, November 15th. Finally, Mizuho boosted their price target on Rockwell Automation from $245.00 to $270.00 and gave the stock a “neutral” rating in a research report on Thursday, October 17th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $304.16.

Rockwell Automation Trading Up 0.0 %

NYSE:ROK opened at $278.97 on Friday. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.08 and a quick ratio of 0.72. The firm 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. Rockwell Automation, Inc. has a one year low of $242.81 and a one year high of $304.29. The business has a fifty day moving average price of $288.58 and a 200-day moving average price of $275.34.

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