Ninety One North America Inc. grew its holdings in shares of Rockwell Automation, Inc. (NYSE:ROK - Free Report) by 3.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 34,632 shares of the industrial products company's stock after buying an additional 1,265 shares during the period. Ninety One North America Inc.'s holdings in Rockwell Automation were worth $9,897,000 as of its most recent SEC filing.
Other hedge funds have also recently modified their holdings of the company. Prospera Financial Services Inc raised its position in shares of Rockwell Automation by 0.9% in the 3rd quarter. Prospera Financial Services Inc now owns 4,033 shares of the industrial products company's stock worth $1,083,000 after purchasing an additional 37 shares during the last quarter. Fortitude Advisory Group L.L.C. raised its position in shares of Rockwell Automation by 3.8% in the 4th quarter. Fortitude Advisory Group L.L.C. now owns 1,082 shares of the industrial products company's stock worth $309,000 after purchasing an additional 40 shares during the last quarter. Great Valley Advisor Group Inc. raised its position in shares of Rockwell Automation by 2.2% in the 3rd quarter. Great Valley Advisor Group Inc. now owns 1,928 shares of the industrial products company's stock worth $518,000 after purchasing an additional 42 shares during the last quarter. Richardson Financial Services Inc. raised its position in shares of Rockwell Automation by 100.0% in the 3rd quarter. Richardson Financial Services Inc. now owns 96 shares of the industrial products company's stock worth $26,000 after purchasing an additional 48 shares during the last quarter. Finally, Moran Wealth Management LLC raised its position in shares of Rockwell Automation by 2.1% in the 3rd quarter. Moran Wealth Management LLC now owns 2,342 shares of the industrial products company's stock worth $629,000 after purchasing an additional 48 shares during the last quarter. Institutional investors own 75.75% of the company's stock.
In other Rockwell Automation news, VP Scott Genereux sold 279 shares of the stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $296.13, for a total value of $82,620.27. Following the sale, the vice president now owns 2,891 shares in the company, valued at $856,111.83. This trade represents a 8.80 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Blake D. Moret sold 26,700 shares of the stock in a transaction on Monday, November 25th. The stock was sold at an average price of $298.63, for a total value of $7,973,421.00. Following the completion of the sale, the chief executive officer now owns 78,115 shares in the company, valued at approximately $23,327,482.45. The trade was a 25.47 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 35,857 shares of company stock worth $10,678,037. Company insiders own 0.68% of the company's stock.
ROK stock opened at $273.57 on Tuesday. Rockwell Automation, Inc. has a 1-year low of $242.81 and a 1-year high of $304.29. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.08 and a quick ratio of 0.72. The company has a market capitalization of $30.92 billion, a price-to-earnings ratio of 32.99, a PEG ratio of 3.00 and a beta of 1.35. The business has a 50 day simple moving average of $288.35 and a two-hundred day simple moving average of $275.09.
Rockwell Automation (NYSE:ROK - Get Free Report) last released its quarterly earnings results on Thursday, November 7th. The industrial products company reported $2.47 earnings per share for the quarter, beating the consensus estimate of $2.40 by $0.07. Rockwell Automation had a return on equity of 30.42% and a net margin of 11.53%. The company had revenue of $2.04 billion for the quarter, compared to analyst estimates of $2.06 billion. During the same quarter in the prior year, the firm posted $3.64 EPS. Rockwell Automation's quarterly revenue was down 20.6% compared to the same quarter last year. Research analysts anticipate that Rockwell Automation, Inc. will post 9.32 EPS for the current fiscal year.
Several equities analysts have recently issued reports on ROK shares. Stephens raised Rockwell Automation from an "equal weight" rating to an "overweight" rating and lifted their price target for the stock from $275.00 to $350.00 in a research report on Thursday, January 16th. Barclays decreased their target price on Rockwell Automation from $290.00 to $285.00 and set an "equal weight" rating for the company in a research report on Wednesday, January 8th. Bank of America boosted their target price on Rockwell Automation from $270.00 to $285.00 and gave the stock a "neutral" rating in a research report on Thursday, October 17th. UBS Group began coverage on Rockwell Automation in a research report on Wednesday, November 13th. They issued a "neutral" rating and a $313.00 target price for the company. Finally, Citigroup boosted their target price on Rockwell Automation from $313.00 to $345.00 and gave the stock a "buy" rating in a research report on Monday, December 9th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $304.16.
Get Our Latest Research Report on 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.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected].
Before you consider Rockwell Automation, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Rockwell Automation wasn't on the list.
While Rockwell Automation currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.