Signal Advisors Wealth LLC Sells 158 Shares of Rockwell Automation, Inc. $ROK

Signal Advisors Wealth LLC reduced its position in Rockwell Automation, Inc. (NYSE:ROK) by 18.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 694 shares of the industrial products company’s stock after selling 158 shares during the quarter. Signal Advisors Wealth LLC’s holdings in Rockwell Automation were worth $231,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Howe & Rusling Inc. increased its position in Rockwell Automation by 4.9% during the 1st quarter. Howe & Rusling Inc. now owns 794 shares of the industrial products company’s stock valued at $205,000 after purchasing an additional 37 shares during the period. Bank Pictet & Cie Europe AG lifted its holdings in Rockwell Automation by 0.9% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 4,195 shares of the industrial products company’s stock worth $1,199,000 after buying an additional 38 shares during the period. Allspring Global Investments Holdings LLC boosted its position in Rockwell Automation by 0.8% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 5,652 shares of the industrial products company’s stock valued at $1,462,000 after acquiring an additional 43 shares in the last quarter. Wealthfront Advisers LLC boosted its position in Rockwell Automation by 0.6% during the 1st quarter. Wealthfront Advisers LLC now owns 7,708 shares of the industrial products company’s stock valued at $1,992,000 after acquiring an additional 43 shares in the last quarter. Finally, Kelly Financial Services LLC increased its holdings in shares of Rockwell Automation by 4.4% in the 1st quarter. Kelly Financial Services LLC now owns 1,096 shares of the industrial products company’s stock valued at $283,000 after acquiring an additional 46 shares during the period. 75.75% of the stock is currently owned by institutional investors.

Insider Activity at Rockwell Automation

In other news, CEO Blake D. Moret sold 24,400 shares of the business’s stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $350.13, for a total transaction of $8,543,172.00. Following the transaction, the chief executive officer directly owned 83,873 shares in the company, valued at $29,366,453.49. The trade was a 22.54% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Cyril Perducat sold 1,435 shares of the business’s stock in a transaction on Friday, August 29th. The stock was sold at an average price of $348.08, for a total transaction of $499,494.80. Following the sale, the senior vice president owned 3,787 shares in the company, valued at $1,318,178.96. The trade was a 27.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 31,922 shares of company stock worth $11,191,812 in the last ninety days. Company insiders own 0.68% of the company’s stock.

Rockwell Automation Trading Down 0.2%

Shares of Rockwell Automation stock opened at $347.78 on Friday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.72 and a current ratio of 1.06. The firm has a market capitalization of $39.10 billion, a price-to-earnings ratio of 40.82, a PEG ratio of 3.63 and a beta of 1.41. The stock has a 50 day moving average of $346.16 and a 200 day moving average of $306.36. Rockwell Automation, Inc. has a fifty-two week low of $215.00 and a fifty-two week high of $360.92.

Rockwell Automation (NYSE:ROK) last announced its quarterly earnings data on Wednesday, August 6th. The industrial products company reported $2.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.67 by $0.15. Rockwell Automation had a return on equity of 30.14% and a net margin of 12.03%.The business had revenue of $2.14 billion for the quarter, compared to analysts’ expectations of $2.07 billion. During the same period last year, the firm earned $2.71 earnings per share. The company’s revenue for the quarter was up 4.5% compared to the same quarter last year. As a group, research analysts predict that Rockwell Automation, Inc. will post 9.35 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on ROK shares. Citigroup reaffirmed a “buy” rating and set a $392.00 price objective (up previously from $371.00) on shares of Rockwell Automation in a research report on Monday, July 14th. Wells Fargo & Company set a $345.00 target price on shares of Rockwell Automation and gave the company an “equal weight” rating in a research note on Friday, August 8th. Wall Street Zen raised Rockwell Automation from a “hold” rating to a “buy” rating in a research report on Sunday. Stephens restated an “overweight” rating and set a $375.00 price target (up previously from $350.00) on shares of Rockwell Automation in a research note on Wednesday, July 16th. Finally, Barclays increased their price objective on shares of Rockwell Automation from $357.00 to $370.00 and gave the company an “overweight” rating in a research report on Thursday, August 14th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $340.16.

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.