9258 Wealth Management LLC Has $413,000 Stock Position in Rockwell Automation, Inc. (NYSE:ROK)

9258 Wealth Management LLC increased its position in shares of Rockwell Automation, Inc. (NYSE:ROK) by 3.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,501 shares of the industrial products company’s stock after acquiring an additional 45 shares during the quarter. 9258 Wealth Management LLC’s holdings in Rockwell Automation were worth $413,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Pathway Financial Advisers LLC acquired a new stake in shares of Rockwell Automation in the first quarter worth $26,000. Riverview Trust Co acquired a new position in shares of Rockwell Automation in the 1st quarter valued at about $28,000. Bfsg LLC purchased a new stake in shares of Rockwell Automation in the first quarter worth approximately $29,000. ESL Trust Services LLC purchased a new position in Rockwell Automation during the first quarter valued at approximately $29,000. Finally, Security National Bank acquired a new position in Rockwell Automation in the 4th quarter valued at approximately $40,000. Institutional investors and hedge funds own 75.75% of the company’s stock.

Insider Activity at Rockwell Automation

In other Rockwell Automation news, SVP Tessa M. Myers sold 528 shares of the company’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 value of $133,995.84. Following the completion of the transaction, the senior vice president now owns 3,718 shares of the company’s stock, valued at approximately $943,554.04. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.68% of the stock is owned by corporate insiders.

Analyst Ratings Changes

ROK has been the topic of several research analyst reports. Loop Capital lowered their price target on shares of Rockwell Automation from $300.00 to $290.00 and set a “hold” rating on the stock in a report on Tuesday, May 14th. Redburn Atlantic began coverage on Rockwell Automation in a report on Monday, July 8th. They set a “neutral” rating and a $256.00 price target for the company. Wells Fargo & Company cut their price objective on shares of Rockwell Automation from $305.00 to $293.00 and set an “overweight” rating on the stock in a research report on Thursday, August 8th. TD Cowen dropped their price target on shares of Rockwell Automation from $220.00 to $215.00 and set a “sell” rating on the stock in a research note on Thursday, August 8th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Rockwell Automation from $245.00 to $227.00 and set an “underweight” rating for the company in a research note on Monday, August 12th. Three analysts have rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the company. According to MarketBeat.com, Rockwell Automation currently has a consensus rating of “Hold” and an average target price of $280.14.

Rockwell Automation Price Performance

Shares of NYSE:ROK opened at $256.92 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 business has a 50 day moving average price of $266.81 and a 200 day moving average price of $271.67. The company has a market cap of $29.29 billion, a price-to-earnings ratio of 25.11, a PEG ratio of 4.84 and a beta of 1.37. Rockwell Automation, Inc. has a twelve month low of $242.81 and a twelve month high of $312.76.

Rockwell Automation (NYSE:ROK) last announced its earnings results 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 business had revenue of $2.05 billion for 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 in the previous year, the firm posted $3.01 earnings per share. Research analysts predict that Rockwell Automation, Inc. will post 9.66 earnings per share for the current year.

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.