Heck Capital Advisors LLC Takes Position in Rockwell Automation, Inc. (NYSE:ROK)

Heck Capital Advisors LLC acquired a new stake in Rockwell Automation, Inc. (NYSE:ROK) in the fourth quarter, according to its most recent filing with the SEC. The fund acquired 200 shares of the industrial products company’s stock, valued at approximately $57,000.

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

Insider Transactions at Rockwell Automation

In related news, VP Scott Genereux sold 279 shares of the firm’s stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $296.13, for a total value of $82,620.27. Following the transaction, the vice president now directly owns 2,891 shares of the company’s stock, valued at approximately $856,111.83. This trade represents a 8.80 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Isaac Woods sold 895 shares of the business’s stock in a transaction dated Friday, January 10th. The shares were sold at an average price of $274.72, for a total value of $245,874.40. Following the sale, the vice president now directly owns 1,198 shares of the company’s stock, valued at $329,114.56. This represents a 42.76 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 35,857 shares of company stock worth $10,678,037 in the last ninety days. Insiders own 0.68% of the company’s stock.

Rockwell Automation Price Performance

NYSE ROK opened at $278.19 on Monday. Rockwell Automation, Inc. has a one year low of $242.81 and a one year high of $304.29. The stock has a 50-day moving average of $288.35 and a 200 day moving average of $275.18. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.72 and a current ratio of 1.08. The company has a market capitalization of $31.44 billion, a price-to-earnings ratio of 33.60, a PEG ratio of 3.00 and a beta of 1.36.

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

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on ROK shares. UBS Group assumed coverage on shares of Rockwell Automation in a report on Wednesday, November 13th. They set a “neutral” rating and a $313.00 price objective for the company. Wells Fargo & Company upped their price target on shares of Rockwell Automation from $293.00 to $305.00 and gave the company an “overweight” rating in a research report on Monday, October 7th. KeyCorp upgraded Rockwell Automation from a “sector weight” rating to an “overweight” rating and set a $345.00 price objective on the stock in a report on Monday, December 9th. Robert W. Baird lifted their price target on Rockwell Automation from $290.00 to $305.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 26th. Finally, Bank of America raised their price target on shares of Rockwell Automation from $270.00 to $285.00 and gave the stock a “neutral” rating in a report on Thursday, October 17th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $304.16.

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.