Evermay Wealth Management LLC Has $688,000 Stake in Rockwell Automation, Inc. (NYSE:ROK)

Evermay Wealth Management LLC raised its holdings in Rockwell Automation, Inc. (NYSE:ROK) by 7.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,406 shares of the industrial products company’s stock after acquiring an additional 164 shares during the quarter. Evermay Wealth Management LLC’s holdings in Rockwell Automation were worth $688,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Richardson Financial Services Inc. increased its holdings in Rockwell Automation by 100.0% in the third quarter. Richardson Financial Services Inc. now owns 96 shares of the industrial products company’s stock valued at $26,000 after purchasing an additional 48 shares during the last quarter. Ashton Thomas Securities LLC acquired a new position in shares of Rockwell Automation during the 3rd quarter worth about $26,000. West Oak Capital LLC increased its stake in shares of Rockwell Automation by 455.6% in the 4th quarter. West Oak Capital LLC now owns 100 shares of the industrial products company’s stock valued at $29,000 after acquiring an additional 82 shares during the last quarter. Darwin Wealth Management LLC acquired a new stake in shares of Rockwell Automation in the 3rd quarter valued at approximately $34,000. Finally, Heck Capital Advisors LLC acquired a new position in Rockwell Automation during the fourth quarter valued at approximately $57,000. Institutional investors own 75.75% of the company’s stock.

Insider Buying and Selling

In other news, VP Isaac Woods sold 895 shares of the stock in a transaction on Friday, January 10th. The stock was sold at an average price of $274.72, for a total transaction of $245,874.40. Following the sale, the vice president now directly owns 1,198 shares of the company’s stock, valued at approximately $329,114.56. This represents a 42.76 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Scott Genereux sold 278 shares of the business’s stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $302.04, for a total value of $83,967.12. Following the completion of the transaction, the vice president now directly owns 3,184 shares of the company’s stock, valued at approximately $961,695.36. This trade represents a 8.03 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 36,436 shares of company stock valued at $10,832,549. 0.68% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

ROK has been the topic of a number of recent analyst reports. BNP Paribas initiated coverage on shares of Rockwell Automation in a research report on Wednesday, November 13th. They set an “outperform” rating and a $345.00 price target on the stock. KeyCorp raised Rockwell Automation from a “sector weight” rating to an “overweight” rating and set a $345.00 target price on the stock in a research report on Monday, December 9th. Morgan Stanley upped their price target on Rockwell Automation from $320.00 to $335.00 and gave the stock an “overweight” rating in a research report on Friday, November 15th. Oppenheimer boosted their price objective on shares of Rockwell Automation from $288.00 to $300.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. Finally, Jefferies Financial Group raised shares of Rockwell Automation from a “hold” rating to a “buy” rating and raised their target price for the company from $290.00 to $350.00 in a research report on Thursday, December 12th. 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 stock. According to MarketBeat.com, Rockwell Automation presently has a consensus rating of “Hold” and an average target price of $304.16.

Rockwell Automation Stock Performance

Shares of ROK stock opened at $278.19 on Friday. The company has a market capitalization of $31.44 billion, a price-to-earnings ratio of 33.60, a PEG ratio of 3.00 and a beta of 1.36. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.72 and a current ratio of 1.08. Rockwell Automation, Inc. has a 52 week low of $242.81 and a 52 week high of $304.29. The company has a 50-day simple moving average of $288.35 and a 200 day simple moving average of $275.31.

Rockwell Automation (NYSE:ROK) last issued its quarterly earnings data on Thursday, November 7th. The industrial products company reported $2.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.40 by $0.07. The company had revenue of $2.04 billion during the quarter, compared to analysts’ expectations of $2.06 billion. Rockwell Automation had a return on equity of 30.42% and a net margin of 11.53%. The business’s revenue was down 20.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $3.64 earnings per share. On average, sell-side analysts predict 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.