Fiducient Advisors LLC Purchases 320 Shares of Rockwell Automation, Inc. (NYSE:ROK)

Fiducient Advisors LLC raised its position in Rockwell Automation, Inc. (NYSE:ROK) by 41.7% in the 2nd quarter, Holdings Channel.com reports. The firm owned 1,088 shares of the industrial products company’s stock after buying an additional 320 shares during the period. Fiducient Advisors LLC’s holdings in Rockwell Automation were worth $300,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Pathway Financial Advisers LLC acquired a new position in shares of Rockwell Automation in the first quarter valued at approximately $26,000. Riverview Trust Co bought a new stake in Rockwell Automation during the 1st quarter worth approximately $28,000. Bfsg LLC acquired a new position in Rockwell Automation in the 1st quarter valued at approximately $29,000. ESL Trust Services LLC bought a new position in shares of Rockwell Automation during the first quarter valued at $29,000. Finally, Security National Bank acquired a new position in shares of Rockwell Automation during the fourth quarter worth $40,000. 75.75% of the stock is currently owned by institutional investors.

Rockwell Automation Stock Down 0.5 %

Shares of NYSE ROK opened at $255.68 on Friday. The company has a quick ratio of 0.68, a current ratio of 1.04 and a debt-to-equity ratio of 0.73. The firm has a market cap of $29.15 billion, a PE ratio of 24.99, a P/E/G ratio of 4.84 and a beta of 1.37. The company’s fifty day simple moving average is $266.42 and its 200 day simple moving average is $271.50. Rockwell Automation, Inc. has a 12-month low of $242.81 and a 12-month high of $312.76.

Rockwell Automation (NYSE:ROK) last released its quarterly earnings data on Wednesday, August 7th. The industrial products company reported $2.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.08 by $0.63. The company had revenue of $2.05 billion for the quarter, compared to analysts’ expectations of $2.03 billion. Rockwell Automation had a net margin of 11.56% and a return on equity of 34.09%. The business’s revenue was down 8.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.01 EPS. As a group, sell-side analysts forecast that Rockwell Automation, Inc. will post 9.66 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, SVP Tessa M. Myers sold 528 shares of the business’s stock in a transaction that occurred on 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 sale, the senior vice president now owns 3,718 shares in the company, valued at $943,554.04. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.68% of the company’s stock.

Analyst Upgrades and Downgrades

ROK has been the subject of a number of recent research reports. Robert W. Baird decreased their price objective on Rockwell Automation from $304.00 to $280.00 and set an “outperform” rating for the company in a report on Thursday, August 8th. Barclays decreased their price target 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. Morgan Stanley began coverage on Rockwell Automation in a research report on Friday. They set an “overweight” rating and a $320.00 price objective for the company. Wells Fargo & Company reduced their target price on Rockwell Automation from $305.00 to $293.00 and set an “overweight” rating on the stock in a report on Thursday, August 8th. Finally, Oppenheimer lowered their price target on shares of Rockwell Automation from $295.00 to $270.00 and set an “outperform” rating for the company in a report on Thursday, August 8th. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $282.80.

Rockwell Automation Company 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.