Crews Bank & Trust Acquires New Holdings in Rockwell Automation, Inc. (NYSE:ROK)

Crews Bank & Trust purchased a new stake in Rockwell Automation, Inc. (NYSE:ROK) in the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 435 shares of the industrial products company’s stock, valued at approximately $124,000.

Several other large investors have also recently modified their holdings of the business. Gladstone Institutional Advisory LLC raised its position in Rockwell Automation by 33.2% during the 3rd quarter. Gladstone Institutional Advisory LLC now owns 1,377 shares of the industrial products company’s stock worth $370,000 after purchasing an additional 343 shares during the last quarter. MCF Advisors LLC raised its position in shares of Rockwell Automation by 95.8% during the fourth quarter. MCF Advisors LLC now owns 2,332 shares of the industrial products company’s stock worth $667,000 after acquiring an additional 1,141 shares during the last quarter. Ameritas Advisory Services LLC raised its position in shares of Rockwell Automation by 99.1% during the fourth quarter. Ameritas Advisory Services LLC now owns 5,187 shares of the industrial products company’s stock worth $1,482,000 after acquiring an additional 2,582 shares during the last quarter. GSA Capital Partners LLP bought a new stake in Rockwell Automation in the third quarter valued at approximately $912,000. Finally, Nomura Asset Management Co. Ltd. boosted its holdings in Rockwell Automation by 6.0% in the third quarter. Nomura Asset Management Co. Ltd. now owns 34,209 shares of the industrial products company’s stock valued at $9,184,000 after acquiring an additional 1,928 shares during the last quarter. Institutional investors own 75.75% of the company’s stock.

Analyst Ratings Changes

ROK has been the topic of a number of recent analyst reports. Jefferies Financial Group upgraded shares of Rockwell Automation from a “hold” rating to a “buy” rating and boosted their price target for the stock from $290.00 to $350.00 in a research report on Thursday, December 12th. Citigroup upped their price target on shares of Rockwell Automation from $313.00 to $345.00 and gave the company a “buy” rating in a research report on Monday, December 9th. Barclays lowered their price objective on Rockwell Automation from $290.00 to $285.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 8th. HSBC raised Rockwell Automation from a “hold” rating to a “buy” rating and set a $355.00 target price for the company in a research report on Wednesday, December 11th. Finally, KeyCorp upgraded shares of Rockwell Automation from a “sector weight” rating to an “overweight” rating and set a $345.00 target price on the stock in a report on Monday, December 9th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $304.16.

Insider Buying and Selling

In other Rockwell Automation news, VP Scott Genereux sold 278 shares of the stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $302.04, for a total transaction of $83,967.12. Following the completion of the transaction, the vice president now owns 3,184 shares in the company, valued at $961,695.36. This trade represents a 8.03 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Blake D. Moret sold 26,700 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $298.63, for a total transaction of $7,973,421.00. Following the completion of the sale, the chief executive officer now directly owns 78,115 shares in the company, valued at approximately $23,327,482.45. This trade represents a 25.47 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 36,436 shares of company stock valued at $10,832,549. 0.68% of the stock is owned by insiders.

Rockwell Automation Stock Down 0.3 %

ROK opened at $278.19 on Friday. The company’s 50-day moving average price is $288.60 and its two-hundred day moving average price is $275.36. 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 twelve month low of $242.81 and a twelve month high of $304.29. The stock has a market cap of $31.44 billion, a price-to-earnings ratio of 33.60, a PEG ratio of 3.00 and a beta of 1.36.

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