BSW Wealth Partners Raises Holdings in Rockwell Automation, Inc. (NYSE:ROK)

BSW Wealth Partners raised its holdings in Rockwell Automation, Inc. (NYSE:ROK) by 11.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,029 shares of the industrial products company’s stock after purchasing an additional 108 shares during the quarter. BSW Wealth Partners’ holdings in Rockwell Automation were worth $294,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Prospera Financial Services Inc increased its position in shares of Rockwell Automation by 0.9% during the third quarter. Prospera Financial Services Inc now owns 4,033 shares of the industrial products company’s stock valued at $1,083,000 after acquiring an additional 37 shares during the last quarter. Fortitude Advisory Group L.L.C. boosted its position in Rockwell Automation by 3.8% in the 4th quarter. Fortitude Advisory Group L.L.C. now owns 1,082 shares of the industrial products company’s stock valued at $309,000 after buying an additional 40 shares during the period. Great Valley Advisor Group Inc. grew its stake in shares of Rockwell Automation by 2.2% in the third quarter. Great Valley Advisor Group Inc. now owns 1,928 shares of the industrial products company’s stock worth $518,000 after acquiring an additional 42 shares in the last quarter. Richardson Financial Services Inc. increased its position in shares of Rockwell Automation by 100.0% during the third quarter. Richardson Financial Services Inc. now owns 96 shares of the industrial products company’s stock worth $26,000 after acquiring an additional 48 shares during the period. Finally, Moran Wealth Management LLC raised its stake in shares of Rockwell Automation by 2.1% in the third quarter. Moran Wealth Management LLC now owns 2,342 shares of the industrial products company’s stock valued at $629,000 after acquiring an additional 48 shares in the last quarter. Institutional investors and hedge funds own 75.75% of the company’s stock.

Rockwell Automation Price Performance

ROK stock opened at $278.97 on Thursday. The company has a current ratio of 1.08, a quick ratio of 0.72 and a debt-to-equity ratio of 0.70. The company has a market capitalization of $31.53 billion, a P/E ratio of 33.69, a PEG ratio of 3.11 and a beta of 1.36. The business has a 50 day simple moving average of $288.61 and a 200-day simple moving average of $275.31. Rockwell Automation, Inc. has a twelve month low of $242.81 and a twelve month high of $307.71.

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

Insider Buying and Selling

In other Rockwell Automation news, VP Isaac Woods sold 895 shares of the business’s stock in a transaction on Friday, January 10th. The shares were sold at an average price of $274.72, for a total value of $245,874.40. Following the transaction, the vice president now directly owns 1,198 shares of the company’s stock, valued at approximately $329,114.56. The trade was a 42.76 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Veena M. Lakkundi sold 579 shares of the company’s stock in a transaction on Monday, November 4th. The stock was sold at an average price of $266.86, for a total transaction of $154,511.94. Following the transaction, the senior vice president now owns 4,576 shares of the company’s stock, valued at approximately $1,221,151.36. The trade was a 11.23 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 36,436 shares of company stock valued at $10,832,549 over the last quarter. 0.68% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research analysts recently commented on the company. Stephens raised Rockwell Automation from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $275.00 to $350.00 in a research note on Thursday, January 16th. Barclays cut 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 note on Wednesday, January 8th. Morgan Stanley boosted their price target on shares of Rockwell Automation from $320.00 to $335.00 and gave the stock an “overweight” rating in a report on Friday, November 15th. Bank of America raised their price objective on shares of Rockwell Automation from $270.00 to $285.00 and gave the company a “neutral” rating in a report on Thursday, October 17th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Rockwell Automation from $245.00 to $240.00 and set an “underweight” rating for the company in a research note on Wednesday, January 15th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and ten have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $304.16.

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.