Hager Investment Management Services LLC Acquires Shares of 2,063 Rockwell Automation, Inc. (NYSE:ROK)

Hager Investment Management Services LLC acquired a new stake in shares of Rockwell Automation, Inc. (NYSE:ROK) during the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 2,063 shares of the industrial products company’s stock, valued at approximately $590,000.

Several other large investors have also bought and sold shares of ROK. Richardson Financial Services Inc. boosted its position in Rockwell Automation by 100.0% during the 3rd quarter. Richardson Financial Services Inc. now owns 96 shares of the industrial products company’s stock valued at $26,000 after acquiring an additional 48 shares in the last quarter. Ashton Thomas Securities LLC purchased a new position in shares of Rockwell Automation during the third quarter valued at approximately $26,000. West Oak Capital LLC lifted its holdings in shares of Rockwell Automation by 455.6% during the fourth 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 purchased a new position in shares of Rockwell Automation during the third quarter valued at approximately $34,000. Finally, Heck Capital Advisors LLC purchased a new position in shares of Rockwell Automation during the fourth quarter valued at approximately $57,000. 75.75% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

ROK has been the subject of several recent research reports. Barclays lowered their target price on shares of Rockwell Automation from $290.00 to $285.00 and set an “equal weight” rating for the company in a report on Wednesday, January 8th. JPMorgan Chase & Co. lowered their target price on shares of Rockwell Automation from $245.00 to $240.00 and set an “underweight” rating for the company in a report on Wednesday, January 15th. BNP Paribas started coverage on shares of Rockwell Automation in a report on Wednesday, November 13th. They set an “outperform” rating and a $345.00 target price for the company. Bank of America boosted their price objective 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. Finally, Jefferies Financial Group upgraded shares of Rockwell Automation from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $290.00 to $350.00 in a report on Thursday, December 12th. Two research 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 MarketBeat, Rockwell Automation has a consensus rating of “Hold” and a consensus target price of $304.16.

Rockwell Automation Price Performance

Shares of ROK opened at $270.49 on Wednesday. Rockwell Automation, Inc. has a 1-year low of $242.81 and a 1-year high of $304.29. The firm has a fifty day simple moving average of $287.79 and a two-hundred day simple moving average of $275.08. The company has a current ratio of 1.08, a quick ratio of 0.72 and a debt-to-equity ratio of 0.70. The firm has a market cap of $30.57 billion, a PE ratio of 32.67, a P/E/G ratio of 3.00 and a beta of 1.35.

Rockwell Automation (NYSE:ROK) last issued its quarterly earnings data on Thursday, November 7th. The industrial products company reported $2.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $2.06 billion. During the same quarter in the previous year, the firm posted $3.64 EPS. The company’s revenue for the quarter was down 20.6% compared to the same quarter last year. On average, equities analysts anticipate that Rockwell Automation, Inc. will post 9.32 EPS for the current year.

Insider Activity

In related news, SVP Matheus De A. G. Viera Bulho sold 1,304 shares of the company’s stock in a transaction on Thursday, December 5th. The shares were sold at an average price of $299.61, for a total value of $390,691.44. Following the completion of the transaction, the senior vice president now owns 1,059 shares of the company’s stock, valued at approximately $317,286.99. This represents a 55.18 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Scott Genereux sold 278 shares of the company’s stock in a transaction on Monday, December 9th. The stock was sold at an average price of $302.04, for a total transaction of $83,967.12. Following the completion of the transaction, the vice president now directly owns 3,184 shares of the company’s stock, valued at $961,695.36. This represents a 8.03 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 35,857 shares of company stock valued at $10,678,037 in the last 90 days. Company insiders own 0.68% of the company’s stock.

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.