Perigon Wealth Management LLC Has $808,000 Holdings in Rockwell Automation, Inc. (NYSE:ROK)

Perigon Wealth Management LLC raised its stake in Rockwell Automation, Inc. (NYSE:ROK) by 3.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,877 shares of the industrial products company’s stock after buying an additional 94 shares during the quarter. Perigon Wealth Management LLC’s holdings in Rockwell Automation were worth $808,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Accredited Investors Inc. raised its position in shares of Rockwell Automation by 162,058.5% in the 3rd quarter. Accredited Investors Inc. now owns 1,185,379 shares of the industrial products company’s stock valued at $318,227,000 after acquiring an additional 1,184,648 shares during the period. International Assets Investment Management LLC raised its holdings in Rockwell Automation by 29,591.7% in the third quarter. International Assets Investment Management LLC now owns 936,178 shares of the industrial products company’s stock worth $251,326,000 after purchasing an additional 933,025 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of Rockwell Automation by 33.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,556,292 shares of the industrial products company’s stock worth $417,802,000 after purchasing an additional 390,784 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Rockwell Automation by 6.4% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,128,811 shares of the industrial products company’s stock valued at $303,041,000 after buying an additional 67,684 shares during the period. Finally, Natixis Advisors LLC increased its position in shares of Rockwell Automation by 97.4% in the 3rd quarter. Natixis Advisors LLC now owns 119,961 shares of the industrial products company’s stock valued at $32,205,000 after buying an additional 59,203 shares in the last quarter. Institutional investors own 75.75% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on ROK. HSBC upgraded Rockwell Automation from a “hold” rating to a “buy” rating and set a $355.00 target price on the stock in a report on Wednesday, December 11th. Wells Fargo & Company boosted their price objective on Rockwell Automation from $293.00 to $305.00 and gave the company an “overweight” rating in a research report on Monday, October 7th. Barclays lowered their target price on Rockwell Automation from $290.00 to $285.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 8th. Mizuho lifted their price target on shares of Rockwell Automation from $245.00 to $270.00 and gave the company a “neutral” rating in a research note on Thursday, October 17th. Finally, Bank of America increased their price objective on shares of Rockwell Automation from $270.00 to $285.00 and gave the stock a “neutral” rating in a research report on Thursday, October 17th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat.com, Rockwell Automation presently has an average rating of “Hold” and an average price target of $304.16.

Rockwell Automation Trading Up 0.0 %

Shares of Rockwell Automation stock opened at $278.97 on Friday. The stock has a market cap of $31.53 billion, a P/E ratio of 33.69, a P/E/G ratio of 3.11 and a beta of 1.36. The company has a quick ratio of 0.72, a current ratio of 1.08 and a debt-to-equity ratio of 0.70. Rockwell Automation, Inc. has a 12-month low of $242.81 and a 12-month high of $304.29. The business’s 50 day moving average is $288.58 and its 200-day moving average is $275.34.

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

Insider Activity at Rockwell Automation

In other news, SVP Veena M. Lakkundi sold 579 shares of the firm’s stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $266.86, for a total value of $154,511.94. Following the completion of the sale, the senior vice president now directly owns 4,576 shares of the company’s stock, valued at $1,221,151.36. This trade represents a 11.23 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, VP John M. Miller sold 467 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $284.07, for a total value of $132,660.69. Following the transaction, the vice president now directly owns 4,800 shares in the company, valued at $1,363,536. The trade was a 8.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 36,436 shares of company stock worth $10,832,549. 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.