ABN AMRO Bank N.V. Has $7.65 Million Holdings in Rockwell Automation, Inc. $ROK

ABN AMRO Bank N.V. raised its stake in shares of Rockwell Automation, Inc. (NYSE:ROK) by 8.9% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 21,977 shares of the industrial products company’s stock after purchasing an additional 1,796 shares during the period. ABN AMRO Bank N.V.’s holdings in Rockwell Automation were worth $7,646,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Brighton Jones LLC purchased a new position in shares of Rockwell Automation during the fourth quarter valued at approximately $281,000. Ferguson Wellman Capital Management Inc. bought a new position in Rockwell Automation during the 3rd quarter valued at $777,000. Schroder Investment Management Group lifted its stake in Rockwell Automation by 796.0% during the 2nd quarter. Schroder Investment Management Group now owns 97,367 shares of the industrial products company’s stock valued at $32,342,000 after acquiring an additional 86,500 shares in the last quarter. Nordea Investment Management AB boosted its holdings in Rockwell Automation by 34.3% during the 3rd quarter. Nordea Investment Management AB now owns 617,081 shares of the industrial products company’s stock worth $215,750,000 after acquiring an additional 157,601 shares during the last quarter. Finally, Citizens Financial Group Inc. RI bought a new stake in shares of Rockwell Automation in the 2nd quarter worth $234,000. 75.75% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Rockwell Automation news, SVP Matthew W. Fordenwalt sold 146 shares of the company’s stock in a transaction dated Wednesday, December 10th. The shares were sold at an average price of $402.48, for a total transaction of $58,762.08. Following the sale, the senior vice president directly owned 4,437 shares of the company’s stock, valued at $1,785,803.76. This represents a 3.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Cyril Perducat sold 804 shares of the stock in a transaction dated Wednesday, December 10th. The stock was sold at an average price of $402.05, for a total transaction of $323,248.20. Following the transaction, the senior vice president owned 5,858 shares of the company’s stock, valued at $2,355,208.90. This represents a 12.07% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 25,531 shares of company stock worth $10,259,637 in the last quarter. 0.76% of the stock is currently owned by company insiders.

Rockwell Automation Price Performance

Shares of NYSE ROK opened at $430.35 on Thursday. The company has a current ratio of 1.14, a quick ratio of 0.77 and a debt-to-equity ratio of 0.70. The stock has a fifty day simple moving average of $406.96 and a two-hundred day simple moving average of $371.99. Rockwell Automation, Inc. has a 1-year low of $215.00 and a 1-year high of $438.72. The firm has a market cap of $48.32 billion, a price-to-earnings ratio of 56.18, a price-to-earnings-growth ratio of 3.02 and a beta of 1.52.

Rockwell Automation (NYSE:ROK) last issued its earnings results on Thursday, November 6th. The industrial products company reported $3.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.94 by $0.40. Rockwell Automation had a return on equity of 32.69% and a net margin of 10.42%.The firm had revenue of $4.63 billion for the quarter, compared to analyst estimates of $2.19 billion. During the same period in the previous year, the company posted $2.47 earnings per share. The business’s revenue was up 13.8% on a year-over-year basis. Analysts anticipate that Rockwell Automation, Inc. will post 9.35 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on ROK. Bank of America raised their price target on shares of Rockwell Automation from $410.00 to $430.00 and gave the company a “buy” rating in a research report on Thursday, November 20th. Zacks Research cut shares of Rockwell Automation from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 12th. Barclays boosted their target price on Rockwell Automation from $435.00 to $450.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 7th. JPMorgan Chase & Co. increased their price target on Rockwell Automation from $400.00 to $404.00 and gave the company a “neutral” rating in a research report on Friday, January 16th. Finally, Rothschild & Co Redburn boosted their price objective on Rockwell Automation from $335.00 to $365.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 21st. Two research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $410.12.

About Rockwell Automation

Rockwell Automation is a global industrial automation and digital transformation company headquartered in Milwaukee, Wisconsin. The firm designs, manufactures and supports control systems, industrial control hardware and software, and related services that help manufacturers and industrial operators automate processes, improve productivity and enable data-driven decision making. Rockwell traces its heritage to the Allen-Bradley and Rockwell automation businesses and positions itself as a provider of integrated automation solutions across discrete and process industries.

The company’s product portfolio includes programmable logic controllers (PLCs), human-machine interfaces (HMIs), variable frequency drives, sensors, safety components and other industrial control hardware, often marketed under the Allen-Bradley brand.