Bill Few Associates Inc. Sells 31 Shares of Rockwell Automation, Inc. $ROK

Bill Few Associates Inc. decreased its holdings in shares of Rockwell Automation, Inc. (NYSE:ROK) by 0.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,744 shares of the industrial products company’s stock after selling 31 shares during the period. Rockwell Automation comprises approximately 1.3% of Bill Few Associates Inc.’s holdings, making the stock its 21st largest position. Bill Few Associates Inc.’s holdings in Rockwell Automation were worth $4,565,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the business. Almanack Investment Partners LLC. bought a new stake in shares of Rockwell Automation during the 2nd quarter valued at $363,000. CWM LLC grew its position in shares of Rockwell Automation by 17.5% during the 2nd quarter. CWM LLC now owns 2,764 shares of the industrial products company’s stock valued at $918,000 after acquiring an additional 411 shares during the period. Vanguard Personalized Indexing Management LLC grew its position in shares of Rockwell Automation by 8.1% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 14,748 shares of the industrial products company’s stock valued at $4,919,000 after acquiring an additional 1,101 shares during the period. Concurrent Investment Advisors LLC grew its position in shares of Rockwell Automation by 132.0% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 2,232 shares of the industrial products company’s stock valued at $741,000 after acquiring an additional 1,270 shares during the period. Finally, Trust Co. of Toledo NA OH bought a new stake in shares of Rockwell Automation during the 2nd quarter valued at $126,000. Institutional investors own 75.75% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on ROK. Citigroup reissued a “buy” rating on shares of Rockwell Automation in a research report on Thursday. Stephens reissued an “overweight” rating and set a $375.00 price objective (up previously from $350.00) on shares of Rockwell Automation in a research report on Wednesday, July 16th. Oppenheimer cut their price objective 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. CICC Research assumed coverage on shares of Rockwell Automation in a research note on Monday, July 7th. They set an “outperform” rating and a $381.00 target price on the stock. Finally, KeyCorp lifted their target price on shares of Rockwell Automation from $370.00 to $380.00 and gave the company an “overweight” rating in a research note on Thursday, August 7th. One 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 assigned a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $340.68.

Insiders Place Their Bets

In other Rockwell Automation news, VP Terry L. Riesterer sold 269 shares of the business’s stock in a transaction on Thursday, July 17th. The shares were sold at an average price of $355.26, for a total value of $95,564.94. Following the sale, the vice president owned 1,613 shares in the company, valued at $573,034.38. The trade was a 14.29% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, 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 sale, the chief executive officer owned 83,873 shares in the company, valued at approximately $29,366,453.49. The trade was a 22.54% 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 worth $11,191,812. 0.68% of the stock is owned by corporate insiders.

Rockwell Automation Stock Down 2.6%

ROK opened at $333.79 on Monday. 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, Inc. has a fifty-two week low of $215.00 and a fifty-two week high of $360.92. The firm’s fifty day moving average is $343.79 and its 200 day moving average is $315.04. The stock has a market cap of $37.53 billion, a price-to-earnings ratio of 39.18, a price-to-earnings-growth ratio of 2.98 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, topping the consensus estimate of $2.67 by $0.15. The business had revenue of $2.14 billion for the quarter, compared to analysts’ expectations of $2.07 billion. Rockwell Automation had a net margin of 12.03% and a return on equity of 30.14%. The business’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.71 EPS. On average, sell-side analysts forecast that Rockwell Automation, Inc. will post 9.35 earnings per share for the current fiscal year.

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.