Andra AP fonden Acquires 3,500 Shares of Rockwell Automation, Inc. (NYSE:ROK)

Andra AP fonden increased its stake in shares of Rockwell Automation, Inc. (NYSE:ROK) by 6.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 62,300 shares of the industrial products company’s stock after acquiring an additional 3,500 shares during the quarter. Andra AP fonden owned approximately 0.05% of Rockwell Automation worth $17,150,000 at the end of the most recent quarter.

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

Rockwell Automation Stock Up 1.1 %

Rockwell Automation stock opened at $261.99 on Wednesday. The firm has a 50 day moving average price of $266.23 and a 200-day moving average price of $271.21. The company has a quick ratio of 0.68, a current ratio of 1.04 and a debt-to-equity ratio of 0.73. Rockwell Automation, Inc. has a twelve month low of $242.81 and a twelve month high of $312.76. The company has a market capitalization of $29.87 billion, a P/E ratio of 25.61, a P/E/G ratio of 4.55 and a beta of 1.37.

Rockwell Automation (NYSE:ROK) last released 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. Rockwell Automation had a return on equity of 34.09% and a net margin of 11.56%. The business had revenue of $2.05 billion during the quarter, compared to the consensus estimate of $2.03 billion. During the same period last year, the business posted $3.01 earnings per share. The business’s revenue for the quarter was down 8.4% on a year-over-year basis. As a group, equities analysts predict that Rockwell Automation, Inc. will post 9.66 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on ROK shares. Bank of America lowered their target price on shares of Rockwell Automation from $300.00 to $270.00 and set a “neutral” rating on the stock in a report on Thursday, August 8th. TD Cowen dropped their target price on Rockwell Automation from $220.00 to $215.00 and set a “sell” rating on the stock in a report on Thursday, August 8th. JPMorgan Chase & Co. decreased their price target on Rockwell Automation from $245.00 to $227.00 and set an “underweight” rating for the company in a report on Monday, August 12th. Morgan Stanley started coverage on Rockwell Automation in a research note on Friday, September 6th. They set an “overweight” rating and a $320.00 price objective on the stock. Finally, Redburn Atlantic initiated coverage on shares of Rockwell Automation in a research note on Monday, July 8th. They issued a “neutral” rating and a $256.00 target price for the company. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $282.80.

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.