EverSource Wealth Advisors LLC Increases Holdings in Rockwell Automation, Inc. (NYSE:ROK)

EverSource Wealth Advisors LLC raised its stake in shares of Rockwell Automation, Inc. (NYSE:ROKGet Rating) by 36.5% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,309 shares of the industrial products company’s stock after buying an additional 350 shares during the period. EverSource Wealth Advisors LLC’s holdings in Rockwell Automation were worth $366,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in ROK. Vanguard Group Inc. increased its stake in shares of Rockwell Automation by 0.9% in the 1st quarter. Vanguard Group Inc. now owns 11,472,877 shares of the industrial products company’s stock worth $3,212,750,000 after purchasing an additional 106,641 shares in the last quarter. BlackRock Inc. increased its stake in shares of Rockwell Automation by 2.9% in the 1st quarter. BlackRock Inc. now owns 9,227,972 shares of the industrial products company’s stock worth $2,584,111,000 after purchasing an additional 261,227 shares in the last quarter. Capital World Investors increased its stake in shares of Rockwell Automation by 35.2% in the 4th quarter. Capital World Investors now owns 4,892,850 shares of the industrial products company’s stock worth $1,706,871,000 after purchasing an additional 1,272,634 shares in the last quarter. State Street Corp increased its stake in shares of Rockwell Automation by 2.6% in the 4th quarter. State Street Corp now owns 4,846,228 shares of the industrial products company’s stock worth $1,690,607,000 after purchasing an additional 120,708 shares in the last quarter. Finally, Alliancebernstein L.P. increased its stake in shares of Rockwell Automation by 9.8% in the 4th quarter. Alliancebernstein L.P. now owns 1,461,253 shares of the industrial products company’s stock worth $509,758,000 after purchasing an additional 130,498 shares in the last quarter. 79.11% of the stock is currently owned by hedge funds and other institutional investors.

Rockwell Automation Trading Down 2.3 %

NYSE:ROK opened at $245.17 on Friday. Rockwell Automation, Inc. has a 12 month low of $190.08 and a 12 month high of $354.99. The firm has a fifty day simple moving average of $236.98 and a 200-day simple moving average of $236.69. The company has a current ratio of 1.06, a quick ratio of 0.76 and a debt-to-equity ratio of 1.29. The company has a market capitalization of $28.30 billion, a P/E ratio of 43.35, a PEG ratio of 2.72 and a beta of 1.47.

Rockwell Automation (NYSE:ROKGet Rating) last posted its quarterly earnings data on Wednesday, July 27th. The industrial products company reported $2.66 EPS for the quarter, topping the consensus estimate of $2.33 by $0.33. Rockwell Automation had a net margin of 9.03% and a return on equity of 37.06%. The business had revenue of $1.97 billion during the quarter, compared to the consensus estimate of $1.98 billion. During the same period in the previous year, the firm posted $2.31 earnings per share. The business’s revenue for the quarter was up 6.5% compared to the same quarter last year. On average, equities research analysts anticipate that Rockwell Automation, Inc. will post 9.4 earnings per share for the current year.

Insider Transactions at Rockwell Automation

In related news, VP John M. Miller sold 1,200 shares of the firm’s stock in a transaction on Friday, July 29th. The shares were sold at an average price of $253.10, for a total transaction of $303,720.00. Following the completion of the transaction, the vice president now owns 4,508 shares of the company’s stock, valued at $1,140,974.80. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.68% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft upped their price objective on Rockwell Automation from $212.00 to $231.00 in a research note on Thursday, July 28th. StockNews.com raised shares of Rockwell Automation from a “sell” rating to a “hold” rating in a report on Saturday, July 23rd. Barclays dropped their target price on shares of Rockwell Automation from $200.00 to $190.00 in a report on Friday, July 8th. UBS Group dropped their target price on shares of Rockwell Automation to $205.00 in a report on Wednesday, May 25th. Finally, Argus upped their target price on shares of Rockwell Automation from $250.00 to $290.00 and gave the stock a “buy” rating in a report on Wednesday, August 17th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $240.29.

About Rockwell Automation

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Rockwell Automation, Inc provides industrial automation and digital transformation solutions in the United States and internationally. The company operates in three segments, Intelligent Devices, Software & Control, and Lifecycle Services. Its solutions include hardware and software products, and services.

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Institutional Ownership by Quarter for Rockwell Automation (NYSE:ROK)

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