2,063 Shares in Rockwell Automation, Inc. (NYSE:ROK) Bought by Hager Investment Management Services LLC

Hager Investment Management Services LLC acquired a new stake in shares of Rockwell Automation, Inc. (NYSE:ROK) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 2,063 shares of the industrial products company’s stock, valued at approximately $590,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Ashton Thomas Securities LLC bought a new position in shares of Rockwell Automation during the 3rd quarter valued at about $26,000. Richardson Financial Services Inc. boosted its holdings in shares of Rockwell Automation by 100.0% during the 3rd quarter. Richardson Financial Services Inc. now owns 96 shares of the industrial products company’s stock valued at $26,000 after purchasing an additional 48 shares during the last quarter. West Oak Capital LLC boosted its holdings in shares of Rockwell Automation by 455.6% during the 4th quarter. West Oak Capital LLC now owns 100 shares of the industrial products company’s stock valued at $29,000 after purchasing an additional 82 shares during the last quarter. Darwin Wealth Management LLC bought a new position in shares of Rockwell Automation during the 3rd quarter valued at about $34,000. Finally, Heck Capital Advisors LLC bought a new position in shares of Rockwell Automation during the 4th quarter valued at about $57,000. Institutional investors own 75.75% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on the stock. UBS Group assumed coverage on shares of Rockwell Automation in a report on Wednesday, November 13th. They set a “neutral” rating and a $313.00 price objective for the company. Oppenheimer upped their target price on shares of Rockwell Automation from $288.00 to $300.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. KeyCorp upgraded shares of Rockwell Automation from a “sector weight” rating to an “overweight” rating and set a $345.00 target price on the stock in a research report on Monday, December 9th. Barclays decreased their target price on shares of Rockwell Automation from $290.00 to $285.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 8th. Finally, BNP Paribas assumed coverage on shares of Rockwell Automation in a research report on Wednesday, November 13th. They set an “outperform” rating and a $345.00 target price on the stock. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, Rockwell Automation presently has a consensus rating of “Hold” and a consensus target price of $304.16.

Insider Activity

In other news, VP Scott Genereux sold 279 shares of the stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $296.13, for a total transaction of $82,620.27. Following the transaction, the vice president now directly owns 2,891 shares in the company, valued at approximately $856,111.83. This trade represents a 8.80 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP John M. Miller sold 467 shares of the stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $284.07, for a total transaction of $132,660.69. Following the transaction, the vice president now owns 4,800 shares in the company, valued at approximately $1,363,536. This represents a 8.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 35,857 shares of company stock worth $10,678,037. Corporate insiders own 0.68% of the company’s stock.

Rockwell Automation Price Performance

Shares of ROK stock opened at $270.49 on Wednesday. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.08 and a quick ratio of 0.72. The company has a market capitalization of $30.57 billion, a P/E ratio of 32.67, a P/E/G ratio of 3.00 and a beta of 1.35. The company’s 50-day simple moving average is $287.79 and its two-hundred day simple moving average is $275.08. Rockwell Automation, Inc. has a one year low of $242.81 and a one year high of $304.29.

Rockwell Automation (NYSE:ROK) last issued its earnings results on Thursday, November 7th. The industrial products company reported $2.47 EPS for the quarter, topping analysts’ consensus estimates of $2.40 by $0.07. The business had revenue of $2.04 billion for the quarter, compared to the consensus estimate of $2.06 billion. Rockwell Automation had a net margin of 11.53% and a return on equity of 30.42%. The company’s revenue for the quarter was down 20.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.64 EPS. As a group, equities analysts anticipate that Rockwell Automation, Inc. will post 9.32 EPS for the current 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.