Gallacher Capital Management LLC Acquires Shares of 1,699 Rockwell Automation, Inc. $ROK

Gallacher Capital Management LLC bought a new position in Rockwell Automation, Inc. (NYSE:ROK) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 1,699 shares of the industrial products company’s stock, valued at approximately $594,000.

A number of other hedge funds have also bought and sold shares of the business. Annis Gardner Whiting Capital Advisors LLC grew its stake in Rockwell Automation by 7.1% during the third quarter. Annis Gardner Whiting Capital Advisors LLC now owns 440 shares of the industrial products company’s stock valued at $154,000 after acquiring an additional 29 shares in the last quarter. J. Safra Sarasin Holding AG lifted its position in Rockwell Automation by 2.2% during the third quarter. J. Safra Sarasin Holding AG now owns 1,384 shares of the industrial products company’s stock valued at $484,000 after purchasing an additional 30 shares during the last quarter. Fragasso Financial Advisors Inc grew its stake in Rockwell Automation by 3.6% in the 3rd quarter. Fragasso Financial Advisors Inc now owns 902 shares of the industrial products company’s stock worth $315,000 after buying an additional 31 shares in the last quarter. Dynamic Advisor Solutions LLC increased its holdings in shares of Rockwell Automation by 3.3% in the 3rd quarter. Dynamic Advisor Solutions LLC now owns 1,015 shares of the industrial products company’s stock worth $355,000 after buying an additional 32 shares during the last quarter. Finally, Advisors Capital Management LLC raised its position in shares of Rockwell Automation by 1.7% during the 2nd quarter. Advisors Capital Management LLC now owns 2,066 shares of the industrial products company’s stock valued at $686,000 after buying an additional 34 shares in the last quarter. 75.75% of the stock is currently owned by hedge funds and other institutional investors.

Rockwell Automation Stock Up 0.0%

NYSE ROK opened at $430.35 on Thursday. The business’s 50-day moving average is $406.96 and its 200 day moving average is $371.99. The stock has a market capitalization of $48.32 billion, a PE ratio of 56.18, a PEG ratio of 3.02 and a beta of 1.52. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.14 and a quick ratio of 0.77. Rockwell Automation, Inc. has a 1 year low of $215.00 and a 1 year high of $438.72.

Rockwell Automation (NYSE:ROK) last released its quarterly earnings data on Thursday, November 6th. The industrial products company reported $3.34 earnings per share for the quarter, topping the consensus estimate of $2.94 by $0.40. The business had revenue of $4.63 billion during the quarter, compared to analysts’ expectations of $2.19 billion. Rockwell Automation had a return on equity of 32.69% and a net margin of 10.42%.The business’s revenue was up 13.8% on a year-over-year basis. During the same quarter last year, the business posted $2.47 EPS. Sell-side analysts forecast that Rockwell Automation, Inc. will post 9.35 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Barclays upped their target price on shares of Rockwell Automation from $435.00 to $450.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 7th. Robert W. Baird increased their price objective on Rockwell Automation from $392.00 to $402.00 and gave the company an “outperform” rating in a research report on Friday, November 21st. Oppenheimer downgraded Rockwell Automation from an “outperform” rating to a “market perform” rating in a research report on Tuesday, January 20th. Citigroup upped their target price on Rockwell Automation from $439.00 to $466.00 and gave the stock a “buy” rating in a research note on Monday, December 8th. Finally, Bank of America lifted their price target on shares of Rockwell Automation from $410.00 to $430.00 and gave the stock a “buy” rating in a research note on Thursday, November 20th. Two analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $410.12.

Insider Activity

In related news, SVP Matthew W. Fordenwalt sold 146 shares of the business’s stock in a transaction dated Wednesday, December 10th. The shares were sold at an average price of $402.48, for a total transaction of $58,762.08. Following the transaction, the senior vice president owned 4,437 shares in the company, valued at $1,785,803.76. The trade was a 3.19% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Matheus De A. G. Viera Bulho sold 476 shares of the firm’s stock in a transaction dated Wednesday, December 10th. The stock was sold at an average price of $402.02, for a total transaction of $191,361.52. Following the completion of the sale, the senior vice president owned 2,401 shares of the company’s stock, valued at $965,250.02. This trade represents a 16.55% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 25,531 shares of company stock worth $10,259,637. 0.76% of the stock is owned by company insiders.

About Rockwell Automation

Rockwell Automation is a global industrial automation and digital transformation company headquartered in Milwaukee, Wisconsin. The firm designs, manufactures and supports control systems, industrial control hardware and software, and related services that help manufacturers and industrial operators automate processes, improve productivity and enable data-driven decision making. Rockwell traces its heritage to the Allen-Bradley and Rockwell automation businesses and positions itself as a provider of integrated automation solutions across discrete and process industries.

The company’s product portfolio includes programmable logic controllers (PLCs), human-machine interfaces (HMIs), variable frequency drives, sensors, safety components and other industrial control hardware, often marketed under the Allen-Bradley brand.