North Star Asset Management Inc. Raises Stock Position in Rockwell Automation, Inc. (NYSE:ROK)

North Star Asset Management Inc. raised its stake in shares of Rockwell Automation, Inc. (NYSE:ROK) by 0.2% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 55,492 shares of the industrial products company’s stock after acquiring an additional 102 shares during the quarter. North Star Asset Management Inc.’s holdings in Rockwell Automation were worth $15,276,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of ROK. Victory Capital Management Inc. lifted its stake in Rockwell Automation by 10.2% in the 4th quarter. Victory Capital Management Inc. now owns 56,876 shares of the industrial products company’s stock valued at $17,659,000 after buying an additional 5,276 shares in the last quarter. Spire Wealth Management raised its holdings in shares of Rockwell Automation by 97.7% during the fourth quarter. Spire Wealth Management now owns 516 shares of the industrial products company’s stock valued at $157,000 after acquiring an additional 255 shares during the last quarter. Private Advisor Group LLC raised its holdings in shares of Rockwell Automation by 11.1% during the fourth quarter. Private Advisor Group LLC now owns 13,203 shares of the industrial products company’s stock valued at $4,099,000 after acquiring an additional 1,319 shares during the last quarter. Lincoln National Corp lifted its position in shares of Rockwell Automation by 76.5% in the fourth quarter. Lincoln National Corp now owns 3,111 shares of the industrial products company’s stock valued at $966,000 after acquiring an additional 1,348 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Rockwell Automation by 5.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 645,485 shares of the industrial products company’s stock worth $200,410,000 after acquiring an additional 35,070 shares during the last quarter. Institutional investors and hedge funds own 75.75% of the company’s stock.

Wall Street Analyst Weigh In

ROK has been the subject of several recent research reports. Barclays reduced their price objective on Rockwell Automation from $250.00 to $245.00 and set an “underweight” rating for the company in a research note on Wednesday, July 10th. Oppenheimer decreased their price target on shares of Rockwell Automation from $295.00 to $270.00 and set an “outperform” rating on the stock in a research note on Thursday, August 8th. JPMorgan Chase & Co. lowered their price target on shares of Rockwell Automation from $245.00 to $227.00 and set an “underweight” rating on the stock in a research report on Monday, August 12th. Robert W. Baird decreased their target price on shares of Rockwell Automation from $304.00 to $280.00 and set an “outperform” rating on the stock in a research note on Thursday, August 8th. Finally, Loop Capital dropped their price target on Rockwell Automation from $300.00 to $290.00 and set a “hold” rating for the company in a research report on Tuesday, May 14th. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, Rockwell Automation currently has a consensus rating of “Hold” and an average price target of $282.80.

Rockwell Automation Stock Down 0.5 %

Shares of NYSE:ROK opened at $255.68 on Friday. The company has a market capitalization of $29.15 billion, a price-to-earnings ratio of 24.99, a PEG ratio of 4.84 and a beta of 1.37. Rockwell Automation, Inc. has a 12-month low of $242.81 and a 12-month high of $312.76. The business has a 50-day moving average price of $266.42 and a 200 day moving average price of $271.51. The company has a current ratio of 1.04, a quick ratio of 0.68 and a debt-to-equity ratio of 0.73.

Rockwell Automation (NYSE:ROK) last announced its earnings results on Wednesday, August 7th. The industrial products company reported $2.71 earnings per share for the quarter, topping the consensus estimate of $2.08 by $0.63. The company had revenue of $2.05 billion during the quarter, compared to analyst estimates of $2.03 billion. Rockwell Automation had a net margin of 11.56% and a return on equity of 34.09%. Rockwell Automation’s revenue was down 8.4% compared to the same quarter last year. During the same quarter last year, the firm posted $3.01 earnings per share. Sell-side analysts expect that Rockwell Automation, Inc. will post 9.66 EPS for the current year.

Insider Buying and Selling at Rockwell Automation

In related news, SVP Tessa M. Myers sold 528 shares of the firm’s stock in a transaction dated Tuesday, June 11th. The stock was sold at an average price of $253.78, for a total transaction of $133,995.84. Following the completion of the transaction, the senior vice president now directly owns 3,718 shares in the company, valued at approximately $943,554.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.68% of the stock is owned by corporate insiders.

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.