Rockwell Automation, Inc. (NYSE:ROK) Shares Sold by Weil Company Inc.

Weil Company Inc. cut its position in Rockwell Automation, Inc. (NYSE:ROK) by 27.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 8,387 shares of the industrial products company’s stock after selling 3,180 shares during the period. Rockwell Automation makes up 0.8% of Weil Company Inc.’s holdings, making the stock its 28th largest position. Weil Company Inc.’s holdings in Rockwell Automation were worth $2,309,000 at the end of the most recent quarter.

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

Insider Buying and Selling

In other Rockwell Automation news, SVP Tessa M. Myers sold 528 shares of the firm’s stock in a transaction that occurred on Tuesday, June 11th. The shares were sold at an average price of $253.78, for a total value of $133,995.84. Following the transaction, the senior vice president now directly owns 3,718 shares of the company’s stock, valued at approximately $943,554.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.68% of the stock is currently owned by company insiders.

Rockwell Automation Stock Performance

Shares of NYSE:ROK opened at $255.68 on Friday. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.04 and a quick ratio of 0.68. Rockwell Automation, Inc. has a 1 year low of $242.81 and a 1 year high of $312.76. The firm has a market capitalization of $29.15 billion, a PE ratio of 24.99, a P/E/G ratio of 4.84 and a beta of 1.37. The business’s 50 day moving average price is $266.42 and its 200-day moving average price is $271.51.

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 the consensus estimate of $2.08 by $0.63. The company had revenue of $2.05 billion for the quarter, compared to analysts’ expectations of $2.03 billion. Rockwell Automation had a net margin of 11.56% and a return on equity of 34.09%. The firm’s quarterly revenue was down 8.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $3.01 EPS. As a group, equities research analysts expect that Rockwell Automation, Inc. will post 9.66 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

ROK has been the subject of several recent research reports. Wells Fargo & Company reduced their price target on Rockwell Automation from $305.00 to $293.00 and set an “overweight” rating for the company in a research report on Thursday, August 8th. Robert W. Baird cut their target price on shares of Rockwell Automation from $304.00 to $280.00 and set an “outperform” rating for the company in a report on Thursday, August 8th. Bank of America lowered their price target 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. Oppenheimer cut their price objective on shares of Rockwell Automation from $295.00 to $270.00 and set an “outperform” rating for the company in a report on Thursday, August 8th. Finally, JPMorgan Chase & Co. decreased 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 report on Monday, August 12th. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target 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.