Hudson Valley Investment Advisors Inc. ADV Buys New Position in Rockwell Automation, Inc. $ROK

Hudson Valley Investment Advisors Inc. ADV bought a new stake in Rockwell Automation, Inc. (NYSE:ROK) in the second quarter, Holdings Channel reports. The fund bought 9,309 shares of the industrial products company’s stock, valued at approximately $3,092,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Howe & Rusling Inc. lifted its position in shares of Rockwell Automation by 4.9% in the first quarter. Howe & Rusling Inc. now owns 794 shares of the industrial products company’s stock worth $205,000 after purchasing an additional 37 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its position in shares of Rockwell Automation by 0.8% in the first quarter. Allspring Global Investments Holdings LLC now owns 5,652 shares of the industrial products company’s stock worth $1,462,000 after purchasing an additional 43 shares in the last quarter. Wealthfront Advisers LLC lifted its position in shares of Rockwell Automation by 0.6% in the first quarter. Wealthfront Advisers LLC now owns 7,708 shares of the industrial products company’s stock worth $1,992,000 after purchasing an additional 43 shares in the last quarter. Kelly Financial Services LLC lifted its position in shares of Rockwell Automation by 4.4% in the first quarter. Kelly Financial Services LLC now owns 1,096 shares of the industrial products company’s stock worth $283,000 after purchasing an additional 46 shares in the last quarter. Finally, Koshinski Asset Management Inc. lifted its position in shares of Rockwell Automation by 1.1% in the first quarter. Koshinski Asset Management Inc. now owns 4,097 shares of the industrial products company’s stock worth $1,059,000 after purchasing an additional 46 shares in the last quarter. Institutional investors own 75.75% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on ROK. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Rockwell Automation in a research report on Saturday, September 27th. Oppenheimer cut their price objective on shares of Rockwell Automation from $371.00 to $363.00 and set an “outperform” rating on the stock in a research report on Thursday, August 7th. Wall Street Zen raised shares of Rockwell Automation from a “hold” rating to a “buy” rating in a research report on Sunday, September 21st. CICC Research began coverage on shares of Rockwell Automation in a research report on Monday, July 7th. They set an “outperform” rating and a $381.00 price objective on the stock. Finally, KeyCorp raised their price objective on shares of Rockwell Automation from $370.00 to $380.00 and gave the company an “overweight” rating in a research report on Thursday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Rockwell Automation presently has a consensus rating of “Moderate Buy” and an average price target of $340.16.

Rockwell Automation Trading Up 0.1%

Shares of ROK stock opened at $349.05 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 quick ratio of 0.72, a current ratio of 1.06 and a debt-to-equity ratio of 0.72. The business’s 50 day moving average is $344.60 and its two-hundred day moving average is $311.65. The company has a market cap of $39.24 billion, a PE ratio of 40.97, a price-to-earnings-growth ratio of 3.14 and a beta of 1.41.

Rockwell Automation (NYSE:ROK) last announced its quarterly earnings results on Wednesday, August 6th. The industrial products company reported $2.82 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 company had revenue of $2.14 billion for the quarter, compared to the consensus estimate of $2.07 billion. During the same quarter last year, the company posted $2.71 earnings per share. The company’s revenue for the quarter was up 4.5% compared to the same quarter last year. Equities analysts predict that Rockwell Automation, Inc. will post 9.35 EPS for the current year.

Insider Activity at Rockwell Automation

In other Rockwell Automation news, CEO Blake D. Moret sold 24,400 shares of the stock in a transaction that occurred 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 transaction, the chief executive officer owned 83,873 shares in the company, valued at $29,366,453.49. This trade represents a 22.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Isaac Woods sold 365 shares of the firm’s stock in a transaction on Friday, August 29th. The stock was sold at an average price of $348.44, for a total transaction of $127,180.60. Following the completion of the sale, the vice president owned 1,691 shares in the company, valued at approximately $589,212.04. The trade was a 17.75% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 31,922 shares of company stock valued at $11,191,812. 0.68% of the stock is owned by company insiders.

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.