MCF Advisors LLC Lowers Stake in Rockwell Automation, Inc. (NYSE:ROK)

MCF Advisors LLC reduced its position in Rockwell Automation, Inc. (NYSE:ROK) by 54.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 779 shares of the industrial products company’s stock after selling 932 shares during the quarter. MCF Advisors LLC’s holdings in Rockwell Automation were worth $214,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of ROK. Pathway Financial Advisers LLC purchased a new stake in Rockwell Automation in the 1st quarter worth $26,000. Riverview Trust Co purchased a new stake in shares of Rockwell Automation during the first quarter worth about $28,000. Bfsg LLC bought a new stake in Rockwell Automation during the 1st quarter valued at approximately $29,000. ESL Trust Services LLC purchased a new position in Rockwell Automation in the 1st quarter worth approximately $29,000. Finally, Security National Bank bought a new position in Rockwell Automation in the 4th quarter worth approximately $40,000. 75.75% of the stock is owned by hedge funds and other institutional investors.

Rockwell Automation Trading Up 0.1 %

ROK opened at $256.92 on Friday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.68 and a current ratio of 1.04. The stock’s 50 day moving average price is $266.81 and its 200-day moving average price is $271.67. Rockwell Automation, Inc. has a one year low of $242.81 and a one year high of $312.76. The stock has a market cap of $29.29 billion, a price-to-earnings ratio of 25.11, a P/E/G ratio of 4.84 and a beta of 1.37.

Rockwell Automation (NYSE:ROK) last issued its earnings results on Wednesday, August 7th. The industrial products company reported $2.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.08 by $0.63. The firm had revenue of $2.05 billion during 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%. The business’s revenue was down 8.4% on a year-over-year basis. During the same period in the previous year, the firm earned $3.01 earnings per share. On average, equities analysts forecast that Rockwell Automation, Inc. will post 9.66 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. TD Cowen dropped their target price on shares of Rockwell Automation from $220.00 to $215.00 and set a “sell” rating for the company in a research report on Thursday, August 8th. Bank of America dropped their price objective on shares of Rockwell Automation from $300.00 to $270.00 and set a “neutral” rating for the company in a report on Thursday, August 8th. Redburn Atlantic began coverage on Rockwell Automation in a report on Monday, July 8th. They issued a “neutral” rating and a $256.00 target price on the stock. Loop Capital dropped their price target on Rockwell Automation from $300.00 to $290.00 and set a “hold” rating for the company in a research note on Tuesday, May 14th. Finally, Morgan Stanley initiated coverage on Rockwell Automation in a report on Friday. They set an “overweight” rating and a $320.00 price target for the company. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, Rockwell Automation has an average rating of “Hold” and a consensus target price of $282.80.

Insider Buying and Selling

In other Rockwell Automation news, SVP Tessa M. Myers sold 528 shares of the company’s stock in a transaction 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 sale, the senior vice president now directly owns 3,718 shares in the company, valued at approximately $943,554.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.68% of the stock is owned by insiders.

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.