Jacobs & Co. CA Trims Rockwell Automation Stake

Jacobs & Co. CA cut its Rockwell Automation stake by 2.9% in Q2.
The fund sold 923 shares, keeping 30,392 shares worth $10.1 million.

Other Institutional Investors Increase Holdings

Goldman Sachs raised its Rockwell Automation stake by 11.8% in Q1.
The bank now owns 1.82 million shares valued at $470.1 million.
Charles Schwab lifted its position by 0.6%, reaching 1.58 million shares.
Invesco added 30,837 shares, bringing its holdings to 1.45 million shares.
Northern Trust grew its stake by 0.4%, holding 1.40 million shares.
UBS AM increased its position by 1.0%, now holding 1.17 million shares.
Overall, institutions control 75.75% of Rockwell Automation’s stock.

Insider Selling Activity

VP Terry L. Riesterer sold 269 shares for $95,565 on July 17.
He now owns 1,613 shares valued at $573,034.
SVP Cyril Perducat sold 1,435 shares for $499,495 on August 29.
He now holds 3,787 shares worth $1.32 million.
In the last three months, insiders sold 31,922 shares worth $11.2 million.
Company insiders hold 0.68% of the stock.

Analyst Ratings and Targets

Barclays raised its target to $370 with an “overweight” rating.
Bank of America upgraded Rockwell to “buy” with a $410 target.
Citigroup kept a “buy” rating and lifted its target to $392.
Stephens increased its target to $375, also rating “overweight.”
Wall Street Zen cut its rating from “buy” to “hold.”
Currently, Rockwell holds one “Strong Buy,” eleven “Buy,” six “Hold,” and one “Sell.”
The consensus rating is “Moderate Buy” with a $340.16 target.

Stock Performance Snapshot

Rockwell shares rose $4.26 to $348.92 in Thursday trading.
The company holds a $39.23 billion market cap and 40.94 P/E ratio.
Its 50-day average stands at $346.01, while the 200-day sits at $305.10.
The stock traded between $215.00 and $360.92 in the last year.
Debt-to-equity ratio stands at 0.72, with a current ratio of 1.06.

Earnings Overview

Rockwell reported Q2 EPS of $2.82, beating estimates by $0.15.
Revenue reached $2.14 billion, up 4.5% year over year.
The company’s net margin stood at 12.03% with 30.14% return on equity.
Analysts expect full-year EPS of 9.35.

Company Profile

Rockwell Automation delivers automation and digital solutions worldwide.
It operates through Intelligent Devices, Software & Control, and Lifecycle Services.
Its portfolio includes hardware, software, and industrial support services.