In a filing, Rockwell Automation Inc. revealed its SVP, Strategy & Corp Developmt Lakkundi Veena M unloaded Company’s shares for reported $0.15 million on Nov 02. In the deal valued at $242.24 per share,606 shares were sold. As a result of this transaction, Lakkundi Veena M now holds 1,269 shares worth roughly $ 0.32 million.
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Then, Nardecchia Christopher sold 428 shares, generating $96,891 in total proceeds. Upon selling the shares at $226.38, the SVP, Chief Information Officer now owns 7,809 shares.
Before that, MILLER JOHN M sold 1,200 shares. Rockwell Automation Inc. shares valued at $303,717 were divested by the VP and Chief IP Counsel at a price of $253.10 per share. As a result of the transaction, MILLER JOHN M now holds 4,508 shares, worth roughly $1.13 million.
Bernstein downgraded its Rockwell Automation Inc. [ROK] rating to a Mkt perform from a an Outperform in a research note published on Monday. PT values the company’s stock at a premium of 13.49 to its Monday closing price. A number of analysts have revised their coverage, including Bernstein’s analysts, who began to cover the stock in mid January with a ‘”an Outperform”‘ rating. Mizuho began covering ROK with “Neutral” recommendation on December 17, 2021. Loop Capital started covering the stock on November 17, 2021. It rated ROK as “a Hold”.
Price Performance Review of ROK
On Monday, Rockwell Automation Inc. [NYSE:ROK] saw its stock jump 1.40% to $250.89. On the same session, the stock had its day’s lowest price of $246.45, but rose to a high of $251.41. Over the last five days, the stock has lost -1.73%. Rockwell Automation Inc. shares have fallen nearly -28.08% since the year began. Nevertheless, the stocks have fallen -25.99% over the past one year. While a 52-week high of $354.99 was reached on 01/03/22, a 52-week low of $190.08 was recorded on 06/22/22. SMA at 50 days reached $235.84, while 200 days put it at $241.44. A total of 0.76 million shares were traded, compared to the trading of 0.17 million shares in the previous session.
Levels Of Support And Resistance For ROK Stock
The 24-hour chart illustrates a support level at 247.76, which if violated will result in even more drops to 244.62. On the upside, there is a resistance level at 252.72. A further resistance level may holdings at 254.54. The Relative Strength Index (RSI) on the 14-day chart is 57.91, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 4.19, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 23.61%. Stochastics %K at 66.30% indicates the stock is a holding.
How much short interest is there in Rockwell Automation Inc.?
A steep rise in short interest was recorded in Rockwell Automation Inc. stocks on Jul 14, 2022, growing by 0.46 million shares to a total of 3.07 million shares. Yahoo Finance data shows the prior-month short interest on Jun 14, 2022 was 2.61 million shares. There was a rise of 14.98%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 2.65% of the overall stock float, the days-to-cover ratio (short ratio) rose to 2.88.
Rockwell Automation Inc. [ROK] – Who Are The Largest Shareholders?
In filings from The Vanguard Group, Inc., it is revealed that the company now owns 12,979,965 shares, or roughly 11.24% of the outstanding ROK shares. In other words, the investor’s shares have risen by 1,971,664 from its previous 13-F filing of 11008301.0. Additionally, BlackRock Fund Advisors decreased -7.03% of its stake after which the total value it holdings stand at $1,203,734,909, while Capital Research & Management Co reduced -2.47% of its stake to hold $989.22 million in the firm. Over the last quarter, SSgA Funds Management, Inc. sold -163,209 shares of Rockwell Automation Inc., while Alecta Pension Insurance Mutual sold 0 shares. At present, Geode Capital Management LLC is holding 2,250,706 shares valued at $484.15 million. UBS Financial Services, Inc. owned 1,858,625 shares of the company at the time of its most recent 13F filing, worth $399.81 million.
The most recent change occurred on November 03, 2021 when Wells Fargo resumed its ‘”an Underweight”‘ rating for the stock and retained the price target to $284.