Jacobi Capital Management LLC Has $291,000 Stock Holdings in Rockwell Automation, Inc. $ROK

Jacobi Capital Management LLC raised its stake in Rockwell Automation, Inc. (NYSE:ROK) by 6.7% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,127 shares of the industrial products company’s stock after acquiring an additional 71 shares during the period. Jacobi Capital Management LLC’s holdings in Rockwell Automation were worth $291,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in ROK. Goldman Sachs Group Inc. raised its holdings in shares of Rockwell Automation by 11.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,819,379 shares of the industrial products company’s stock worth $470,091,000 after buying an additional 191,370 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Rockwell Automation by 0.6% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,579,956 shares of the industrial products company’s stock worth $408,229,000 after buying an additional 9,920 shares in the last quarter. Invesco Ltd. raised its holdings in shares of Rockwell Automation by 2.2% during the 1st quarter. Invesco Ltd. now owns 1,448,160 shares of the industrial products company’s stock worth $374,176,000 after buying an additional 30,837 shares in the last quarter. Northern Trust Corp raised its holdings in shares of Rockwell Automation by 0.4% during the 1st quarter. Northern Trust Corp now owns 1,396,303 shares of the industrial products company’s stock worth $360,777,000 after buying an additional 4,972 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Rockwell Automation by 1.0% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,170,010 shares of the industrial products company’s stock worth $302,307,000 after buying an additional 11,849 shares in the last quarter. 75.75% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Rockwell Automation

In other Rockwell Automation news, SVP Cyril Perducat sold 1,435 shares of the company’s stock in a transaction dated Friday, August 29th. The stock was sold at an average price of $348.08, for a total value of $499,494.80. Following the sale, the senior vice president owned 3,787 shares in the company, valued at approximately $1,318,178.96. The trade was a 27.48% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Blake D. Moret sold 24,400 shares of the company’s stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $350.13, for a total value of $8,543,172.00. Following the completion of the sale, the chief executive officer owned 83,873 shares in the company, valued at $29,366,453.49. This trade represents a 22.54% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 31,922 shares of company stock worth $11,191,812. 0.68% of the stock is currently owned by insiders.

Rockwell Automation Trading Down 1.6%

NYSE ROK opened at $344.97 on Friday. The business’s 50-day moving average price is $345.69 and its two-hundred day moving average price is $304.01. Rockwell Automation, Inc. has a 12 month low of $215.00 and a 12 month high of $360.92. The firm has a market capitalization of $38.79 billion, a PE ratio of 40.49, a price-to-earnings-growth ratio of 3.66 and a beta of 1.41. The company has a current ratio of 1.06, a quick ratio of 0.72 and a debt-to-equity ratio of 0.72.

Rockwell Automation (NYSE:ROK) last released its quarterly earnings results on Wednesday, August 6th. The industrial products company reported $2.82 EPS for the quarter, beating analysts’ consensus estimates of $2.67 by $0.15. Rockwell Automation had a return on equity of 30.14% and a net margin of 12.03%.The firm had revenue of $2.14 billion for the quarter, compared to analyst estimates of $2.07 billion. During the same quarter in the previous year, the company posted $2.71 EPS. The business’s revenue was up 4.5% on a year-over-year basis. On average, analysts expect that Rockwell Automation, Inc. will post 9.35 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on ROK. Citigroup reissued a “buy” rating and set a $392.00 price target (up previously from $371.00) on shares of Rockwell Automation in a report on Monday, July 14th. Wall Street Zen cut Rockwell Automation from a “buy” rating to a “hold” rating in a report on Saturday. Bank of America raised Rockwell Automation from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $360.00 to $410.00 in a report on Wednesday, July 16th. Barclays boosted their price target on Rockwell Automation from $357.00 to $370.00 and gave the stock an “overweight” rating in a report on Thursday, August 14th. Finally, Oppenheimer reduced their price objective on Rockwell Automation from $371.00 to $363.00 and set an “outperform” rating on the stock in a research report on Thursday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $340.16.

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.