Central Pacific Bank Trust Division Increases Stock Position in Rockwell Automation, Inc. $ROK

Central Pacific Bank Trust Division grew its stake in shares of Rockwell Automation, Inc. (NYSE:ROK) by 14.1% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 4,369 shares of the industrial products company’s stock after buying an additional 539 shares during the period. Central Pacific Bank Trust Division’s holdings in Rockwell Automation were worth $1,451,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in ROK. Brighton Jones LLC purchased a new stake in shares of Rockwell Automation during the 4th quarter valued at $281,000. Bank Pictet & Cie Europe AG grew its stake in shares of Rockwell Automation by 0.9% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 4,195 shares of the industrial products company’s stock valued at $1,199,000 after buying an additional 38 shares during the period. Group One Trading LLC purchased a new stake in shares of Rockwell Automation during the 4th quarter valued at $86,000. Janus Henderson Group PLC grew its stake in shares of Rockwell Automation by 74.9% during the 4th quarter. Janus Henderson Group PLC now owns 25,566 shares of the industrial products company’s stock valued at $7,310,000 after buying an additional 10,947 shares during the period. Finally, NorthRock Partners LLC purchased a new stake in Rockwell Automation during the 4th quarter worth $276,000. 75.75% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. CICC Research assumed coverage on shares of Rockwell Automation in a research report on Monday, July 7th. They set an “outperform” rating and a $381.00 price target for the company. Citigroup reaffirmed a “buy” rating and set a $392.00 price target (up from $371.00) on shares of Rockwell Automation in a research report on Monday, July 14th. JPMorgan Chase & Co. upped their price target on shares of Rockwell Automation from $271.00 to $299.00 and gave the stock a “neutral” rating in a research report on Friday, May 16th. KeyCorp upped their price target on shares of Rockwell Automation from $370.00 to $380.00 and gave the stock an “overweight” rating in a research report on Thursday, August 7th. Finally, Oppenheimer decreased their price target on shares of Rockwell Automation from $371.00 to $363.00 and set an “outperform” rating for the company in a research report on Thursday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $340.16.

Rockwell Automation Stock Performance

Shares of ROK stock opened at $344.97 on Friday. Rockwell Automation, Inc. has a 12 month low of $215.00 and a 12 month high of $360.92. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.06 and a quick ratio of 0.72. The firm has a market capitalization of $38.79 billion, a P/E ratio of 40.49, a P/E/G ratio of 3.66 and a beta of 1.41. The company’s fifty day moving average price is $345.69 and its two-hundred day moving average price is $303.90.

Rockwell Automation (NYSE:ROK) last issued its quarterly earnings data on Wednesday, August 6th. The industrial products company reported $2.82 EPS for the quarter, topping analysts’ consensus estimates of $2.67 by $0.15. Rockwell Automation had a net margin of 12.03% and a return on equity of 30.14%. 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 business posted $2.71 EPS. The firm’s revenue was up 4.5% compared to the same quarter last year. On average, research analysts anticipate that Rockwell Automation, Inc. will post 9.35 earnings per share for the current fiscal year.

Insider Transactions at Rockwell Automation

In other Rockwell Automation news, VP Isaac Woods sold 365 shares of the business’s stock in a transaction on Friday, August 29th. The shares were sold at an average price of $348.44, for a total value of $127,180.60. Following the transaction, the vice president owned 1,691 shares in the company, valued at $589,212.04. The trade was a 17.75% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Blake D. Moret sold 24,400 shares of the business’s stock in a transaction on Thursday, September 11th. The stock was sold at an average price of $350.13, for a total transaction of $8,543,172.00. Following the completion of the transaction, the chief executive officer owned 83,873 shares in the company, valued at $29,366,453.49. This represents a 22.54% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 31,922 shares of company stock worth $11,191,812 over the last three months. Insiders own 0.68% of the company’s stock.

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.