M. Kraus & Co Reduces Stake in Rockwell Automation, Inc. $ROK

M. Kraus & Co cut its holdings in Rockwell Automation, Inc. (NYSE:ROK) by 0.3% during the 2nd quarter, Holdings Channel.com reports. The fund owned 32,586 shares of the industrial products company’s stock after selling 110 shares during the quarter. Rockwell Automation accounts for about 3.2% of M. Kraus & Co’s portfolio, making the stock its 8th biggest position. M. Kraus & Co’s holdings in Rockwell Automation were worth $10,824,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Vantage Point Financial LLC bought a new stake in Rockwell Automation in the second quarter worth about $218,000. IFP Advisors Inc raised its position in Rockwell Automation by 2.7% in the second quarter. IFP Advisors Inc now owns 1,427 shares of the industrial products company’s stock worth $476,000 after acquiring an additional 37 shares in the last quarter. Callan Family Office LLC bought a new stake in Rockwell Automation in the second quarter worth about $680,000. Maryland State Retirement & Pension System raised its holdings in Rockwell Automation by 2.7% during the 2nd quarter. Maryland State Retirement & Pension System now owns 5,500 shares of the industrial products company’s stock worth $1,827,000 after buying an additional 143 shares during the period. Finally, Clear Creek Financial Management LLC acquired a new stake in Rockwell Automation during the 2nd quarter worth about $208,000. 75.75% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, Director James P. Keane sold 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 26th. The stock was sold at an average price of $356.06, for a total value of $1,068,180.00. Following the completion of the sale, the director owned 9,192 shares of the company’s stock, valued at approximately $3,272,903.52. The trade was a 24.61% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Cyril Perducat sold 1,435 shares of the business’s stock in a transaction that occurred on Friday, August 29th. The shares were sold at an average price of $348.08, for a total value of $499,494.80. Following the completion of the sale, the senior vice president directly owned 3,787 shares of the company’s stock, valued at approximately $1,318,178.96. The trade was a 27.48% 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 in the last quarter. Corporate insiders own 0.68% of the company’s stock.

Rockwell Automation Trading Down 1.6%

Shares of NYSE ROK opened at $342.43 on Friday. The stock has a market cap of $38.50 billion, a price-to-earnings ratio of 40.19, a PEG ratio of 3.09 and a beta of 1.41. The business has a 50 day simple moving average of $344.00 and a 200 day simple moving average of $313.98. Rockwell Automation, Inc. has a 52 week low of $215.00 and a 52 week high of $360.92. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.72 and a current ratio of 1.06.

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. The business had revenue of $2.14 billion during the quarter, compared to analysts’ expectations of $2.07 billion. Rockwell Automation had a return on equity of 30.14% and a net margin of 12.03%.The firm’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.71 EPS. On average, research analysts predict that Rockwell Automation, Inc. will post 9.35 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

ROK has been the topic of several recent analyst reports. Oppenheimer cut their price objective on Rockwell Automation from $371.00 to $363.00 and set an “outperform” rating on the stock in a report on Thursday, August 7th. KeyCorp boosted their price objective on Rockwell Automation from $370.00 to $380.00 and gave the stock an “overweight” rating in a report on Thursday, August 7th. Weiss Ratings restated a “buy (b-)” rating on shares of Rockwell Automation in a report on Wednesday. CICC Research began coverage on Rockwell Automation in a report on Monday, July 7th. They set an “outperform” rating and a $381.00 price objective on the stock. Finally, Stephens reaffirmed an “overweight” rating and set a $375.00 target price (up previously from $350.00) on shares of Rockwell Automation in a research note on Wednesday, July 16th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Rockwell Automation has a consensus rating of “Moderate Buy” and a consensus target price of $340.68.

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.