Perigon Wealth Management LLC Has $808,000 Stock Position in Rockwell Automation, Inc. (NYSE:ROK)

Perigon Wealth Management LLC increased its stake in shares of Rockwell Automation, Inc. (NYSE:ROK) by 3.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,877 shares of the industrial products company’s stock after acquiring an additional 94 shares during the quarter. Perigon Wealth Management LLC’s holdings in Rockwell Automation were worth $808,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of ROK. Prospera Financial Services Inc increased its holdings in shares of Rockwell Automation by 0.9% during 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 period. Fortitude Advisory Group L.L.C. increased its stake in Rockwell Automation by 3.8% during the fourth quarter. Fortitude Advisory Group L.L.C. now owns 1,082 shares of the industrial products company’s stock valued at $309,000 after acquiring an additional 40 shares during the period. Great Valley Advisor Group Inc. raised its holdings in 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 valued at $518,000 after acquiring an additional 42 shares in the last quarter. Richardson Financial Services Inc. lifted 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 acquiring an additional 48 shares during the period. Finally, Moran Wealth Management LLC lifted 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 acquiring an additional 48 shares during the period. 75.75% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Rockwell Automation news, SVP Veena M. Lakkundi sold 579 shares of the stock in a transaction on Monday, November 4th. The stock was sold at an average price of $266.86, for a total value of $154,511.94. Following the transaction, the senior vice president now directly owns 4,576 shares in the company, valued at approximately $1,221,151.36. This trade represents a 11.23 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP John M. Miller sold 467 shares of Rockwell Automation stock in a transaction on Monday, November 18th. The shares were sold at an average price of $284.07, for a total value of $132,660.69. Following the completion of the sale, the vice president now directly owns 4,800 shares of the company’s stock, valued at $1,363,536. This trade represents a 8.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 36,436 shares of company stock valued at $10,832,549 over the last three months. 0.68% of the stock is owned by insiders.

Rockwell Automation Price Performance

Shares of ROK stock opened at $278.97 on Friday. Rockwell Automation, Inc. has a 52 week low of $242.81 and a 52 week high of $304.29. The stock has a market capitalization of $31.53 billion, a PE ratio of 33.69, a PEG ratio of 3.11 and a beta of 1.36. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.72 and a current ratio of 1.08. The stock’s fifty day moving average is $288.58 and its 200-day moving average is $275.34.

Rockwell Automation (NYSE:ROK) last issued its quarterly earnings data on Thursday, November 7th. The industrial products company reported $2.47 EPS for the quarter, topping analysts’ consensus estimates of $2.40 by $0.07. Rockwell Automation had a net margin of 11.53% and a return on equity of 30.42%. The firm 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 earned $3.64 EPS. The company’s revenue was down 20.6% on a year-over-year basis. Equities research analysts expect that Rockwell Automation, Inc. will post 9.32 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on ROK shares. Bank of America upped their target price on Rockwell Automation from $270.00 to $285.00 and gave the company a “neutral” rating in a research note on Thursday, October 17th. HSBC upgraded shares of Rockwell Automation from a “hold” rating to a “buy” rating and set a $355.00 price objective for the company in a research note on Wednesday, December 11th. Oppenheimer lifted their target price on shares of Rockwell Automation from $288.00 to $300.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. UBS Group began coverage on shares of Rockwell Automation in a research report on Wednesday, November 13th. They issued a “neutral” rating and a $313.00 price target for the company. Finally, BNP Paribas assumed coverage on Rockwell Automation in a report on Wednesday, November 13th. They set an “outperform” rating and a $345.00 price objective on the stock. Two analysts have rated the stock with a sell rating, seven have given a hold rating and ten have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $304.16.

Rockwell Automation Company 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.