TD Asset Management Inc Sells 1,838 Shares of Rockwell Automation, Inc. $ROK

TD Asset Management Inc lessened its position in shares of Rockwell Automation, Inc. (NYSE:ROK) by 3.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 49,838 shares of the industrial products company’s stock after selling 1,838 shares during the quarter. TD Asset Management Inc’s holdings in Rockwell Automation were worth $16,555,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Brighton Jones LLC bought a new position in shares of Rockwell Automation in the 4th quarter worth $281,000. GAMMA Investing LLC lifted its stake in Rockwell Automation by 15.9% in the first quarter. GAMMA Investing LLC now owns 2,720 shares of the industrial products company’s stock valued at $703,000 after buying an additional 373 shares during the period. Wealth Enhancement Advisory Services LLC boosted its holdings in Rockwell Automation by 77.2% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 35,517 shares of the industrial products company’s stock worth $9,177,000 after buying an additional 15,470 shares during the last quarter. Janney Montgomery Scott LLC boosted its holdings in Rockwell Automation by 30.3% during the first quarter. Janney Montgomery Scott LLC now owns 42,081 shares of the industrial products company’s stock worth $10,873,000 after buying an additional 9,795 shares during the last quarter. Finally, Sagespring Wealth Partners LLC acquired a new position in shares of Rockwell Automation during the 1st quarter worth about $202,000. Institutional investors and hedge funds own 75.75% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on ROK shares. Citigroup reissued a “buy” rating on shares of Rockwell Automation in a research note on Thursday, October 9th. JPMorgan Chase & Co. lifted their price target on shares of Rockwell Automation from $320.00 to $357.00 and gave the stock a “neutral” rating in a research report on Wednesday. Wells Fargo & Company upped their price objective on shares of Rockwell Automation from $345.00 to $355.00 and gave the company an “equal weight” rating in a research report on Monday, October 6th. KeyCorp raised their price objective on Rockwell Automation from $370.00 to $380.00 and gave the stock an “overweight” rating in a research note on Thursday, August 7th. Finally, Barclays boosted their target price on Rockwell Automation from $357.00 to $370.00 and gave the company an “overweight” rating in a research note on Thursday, August 14th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $347.94.

Rockwell Automation Trading Down 0.2%

Shares of NYSE:ROK opened at $347.19 on Friday. The firm has a market cap of $39.03 billion, a price-to-earnings ratio of 40.75, a PEG ratio of 3.12 and a beta of 1.41. Rockwell Automation, Inc. has a 12 month low of $215.00 and a 12 month high of $360.92. The company’s fifty day simple moving average is $344.56 and its 200 day simple moving average is $317.27. The company has a quick ratio of 0.72, a current ratio of 1.06 and a debt-to-equity ratio of 0.72.

Rockwell Automation (NYSE:ROK) last released its earnings results on Wednesday, August 6th. The industrial products company reported $2.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.67 by $0.15. Rockwell Automation had a return on equity of 30.14% and a net margin of 12.03%.The firm had revenue of $2.14 billion during the quarter, compared to analysts’ expectations of $2.07 billion. During the same quarter in the prior year, the company earned $2.71 EPS. The company’s revenue was up 4.5% on a year-over-year basis. As a group, research analysts forecast that Rockwell Automation, Inc. will post 9.35 EPS for the current fiscal year.

Insider Transactions at Rockwell Automation

In related news, Director James P. Keane sold 3,000 shares of the stock in a transaction on Tuesday, August 26th. The shares were sold at an average price of $356.06, for a total transaction of $1,068,180.00. Following the completion of the transaction, the director owned 9,192 shares in the company, valued at approximately $3,272,903.52. This represents a 24.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Blake D. Moret sold 24,400 shares of the firm’s stock in a transaction on Thursday, September 11th. The shares were 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 directly owned 83,873 shares of the company’s stock, valued at approximately $29,366,453.49. This trade represents a 22.54% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 29,553 shares of company stock worth $10,361,079. Insiders own 0.68% of the company’s stock.

About Rockwell Automation

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.