Integrity Alliance LLC. Takes $293,000 Position in Rockwell Automation, Inc. $ROK

Key Points

• Integrity Alliance LLC has acquired 1,134 shares of Rockwell Automation, valued at approximately $293,000, as part of their first-quarter investment.
• Rockwell Automation's recent earnings report revealed a successful quarter, with $2.14 billion in revenue and $2.82 earnings per share, surpassing analyst expectations.
• Several analysts have adjusted their target prices for Rockwell Automation, with Stephens increasing their target to $375.00 and Wells Fargo setting it at $345.00, reflecting varying outlooks on the stock's performance.

Integrity Alliance LLC. bought a new stake in shares of Rockwell Automation, Inc. (NYSE:ROK - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 1,134 shares of the industrial products company's stock, valued at approximately $293,000.

Other hedge funds have also recently made changes to their positions in the company. Goldman Sachs Group Inc. raised its stake in Rockwell Automation by 11.8% in the first quarter. Goldman Sachs Group Inc. now owns 1,819,379 shares of the industrial products company's stock valued at $470,091,000 after purchasing an additional 191,370 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in Rockwell Automation by 0.6% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,579,956 shares of the industrial products company's stock valued at $408,229,000 after purchasing an additional 9,920 shares in the last quarter. Invesco Ltd. grew its position in Rockwell Automation by 2.2% in the first quarter. Invesco Ltd. now owns 1,448,160 shares of the industrial products company's stock worth $374,176,000 after acquiring an additional 30,837 shares in the last quarter. Northern Trust Corp grew its position in Rockwell Automation by 0.4% in the first quarter. Northern Trust Corp now owns 1,396,303 shares of the industrial products company's stock worth $360,777,000 after acquiring an additional 4,972 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Rockwell Automation by 1.0% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,170,010 shares of the industrial products company's stock worth $302,307,000 after acquiring an additional 11,849 shares in the last quarter. 75.75% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Rockwell Automation

In related news, VP Isaac Woods sold 365 shares of the firm's stock in a transaction on Friday, August 29th. The shares were sold at an average price of $348.44, for a total transaction of $127,180.60. Following the completion of the transaction, the vice president directly owned 1,691 shares of the company's stock, valued at approximately $589,212.04. This trade represents a 17.75% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Terry L. Riesterer sold 2,100 shares of the firm's stock in a transaction on Tuesday, July 15th. The shares were sold at an average price of $350.08, for a total transaction of $735,168.00. Following the transaction, the vice president directly owned 1,033 shares of the company's stock, valued at $361,632.64. The trade was a 67.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 31,922 shares of company stock valued at $11,191,812 in the last ninety days. Corporate insiders own 0.68% of the company's stock.

Rockwell Automation Stock Up 1.1%

Shares of NYSE:ROK traded up $3.77 during trading on Thursday, reaching $348.43. 646,777 shares of the stock traded hands, compared to its average volume of 735,134. The stock has a 50-day moving average of $346.07 and a two-hundred day moving average of $305.58. Rockwell Automation, Inc. has a 52-week low of $215.00 and a 52-week high of $360.92. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.72 and a current ratio of 1.06. The stock has a market cap of $39.17 billion, a P/E ratio of 40.90, a price-to-earnings-growth ratio of 3.60 and a beta of 1.41.

Rockwell Automation (NYSE:ROK - Get Free Report) last issued its earnings results on Wednesday, August 6th. The industrial products company reported $2.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.67 by $0.15. Rockwell Automation had a net margin of 12.03% and a return on equity of 30.14%. The company had revenue of $2.14 billion for the quarter, compared to analysts' expectations of $2.07 billion. During the same quarter last year, the company posted $2.71 earnings per share. The firm's quarterly revenue was up 4.5% on a year-over-year basis. As a group, sell-side analysts expect that Rockwell Automation, Inc. will post 9.35 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

ROK has been the subject of several research reports. Wells Fargo & Company set a $345.00 target price on shares of Rockwell Automation and gave the stock an "equal weight" rating in a research report on Friday, August 8th. Wall Street Zen downgraded shares of Rockwell Automation from a "buy" rating to a "hold" rating in a research note on Saturday, September 13th. Bank of America raised shares of Rockwell Automation from a "neutral" rating to a "buy" rating and boosted their price target for the stock from $360.00 to $410.00 in a research note on Wednesday, July 16th. KeyCorp upped their price objective on shares of Rockwell Automation from $370.00 to $380.00 and gave the company an "overweight" rating in a research note on Thursday, August 7th. Finally, Oppenheimer decreased their price target on shares of Rockwell Automation from $371.00 to $363.00 and set an "outperform" rating for the company in a research note on Thursday, August 7th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $340.16.

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.