Rockwell Automation, Inc. $ROK Shares Sold by Koshinski Asset Management Inc.

Koshinski Asset Management Inc. cut its holdings in shares of Rockwell Automation, Inc. (NYSE:ROK) by 1.1% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,052 shares of the industrial products company’s stock after selling 45 shares during the quarter. Koshinski Asset Management Inc.’s holdings in Rockwell Automation were worth $1,346,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in ROK. Robeco Institutional Asset Management B.V. raised its holdings in Rockwell Automation by 720.8% in the second quarter. Robeco Institutional Asset Management B.V. now owns 399,309 shares of the industrial products company’s stock valued at $132,638,000 after acquiring an additional 350,662 shares in the last quarter. Great Lakes Advisors LLC bought a new stake in shares of Rockwell Automation in the 1st quarter worth about $73,908,000. Nuveen LLC acquired a new stake in shares of Rockwell Automation in the 1st quarter valued at about $63,632,000. Raymond James Financial Inc. lifted its position in shares of Rockwell Automation by 213.7% during the first quarter. Raymond James Financial Inc. now owns 357,080 shares of the industrial products company’s stock worth $92,263,000 after purchasing an additional 243,249 shares during the last quarter. Finally, Assenagon Asset Management S.A. grew its stake in Rockwell Automation by 1,950.4% in the second quarter. Assenagon Asset Management S.A. now owns 202,788 shares of the industrial products company’s stock worth $67,360,000 after purchasing an additional 192,898 shares in the last quarter. 75.75% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

ROK has been the topic of several research reports. Bank of America upgraded Rockwell Automation from a “neutral” rating to a “buy” rating and upped their price objective for the company from $360.00 to $410.00 in a research note on Wednesday, July 16th. Wall Street Zen raised Rockwell Automation from a “hold” rating to a “buy” rating in a research report on Sunday, September 21st. Barclays lifted their price objective on shares of Rockwell Automation from $357.00 to $370.00 and gave the stock an “overweight” rating in a report on Thursday, August 14th. Citigroup reissued a “buy” rating on shares of Rockwell Automation in a report on Thursday, October 9th. Finally, JPMorgan Chase & Co. raised 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. One investment 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’s stock. Based on data from MarketBeat.com, Rockwell Automation presently has a consensus rating of “Moderate Buy” and a consensus price target of $347.94.

Rockwell Automation Stock Performance

Shares of ROK opened at $347.19 on Friday. The firm has a fifty day moving average of $344.56 and a 200-day moving average of $317.67. The company has a market cap of $39.03 billion, a price-to-earnings ratio of 40.75, a price-to-earnings-growth ratio of 3.12 and a beta of 1.41. 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 1 year low of $215.00 and a 1 year high of $360.92.

Rockwell Automation (NYSE:ROK) last issued its quarterly earnings data on Wednesday, August 6th. The industrial products company reported $2.82 earnings per share for the quarter, beating the consensus estimate 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 the consensus estimate of $2.07 billion. During the same period last year, the firm posted $2.71 EPS. Rockwell Automation’s quarterly revenue was up 4.5% compared to the same quarter last year. As a group, equities analysts anticipate that Rockwell Automation, Inc. will post 9.35 earnings per share for the current year.

Insiders Place Their Bets

In other news, SVP Cyril Perducat sold 1,435 shares of the stock in a transaction on Friday, August 29th. The stock was sold at an average price of $348.08, for a total value of $499,494.80. Following the completion of the transaction, the senior vice president owned 3,787 shares of the company’s stock, valued at approximately $1,318,178.96. This represents a 27.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director James P. Keane sold 3,000 shares of the firm’s stock in a transaction on Tuesday, August 26th. The shares were sold at an average price of $356.06, for a total value of $1,068,180.00. Following the transaction, the director directly owned 9,192 shares in the company, valued at $3,272,903.52. This trade represents a 24.61% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 29,553 shares of company stock valued at $10,361,079. Corporate 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.