1,134 Shares in Rockwell Automation, Inc. $ROK Acquired by Integrity Alliance LLC.

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. acquired a new position in Rockwell Automation, Inc. (NYSE:ROK - Free Report) in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 1,134 shares of the industrial products company's stock, valued at approximately $293,000.

A number of other institutional investors have also recently added to or reduced their stakes in ROK. Citizens National Bank Trust Department purchased a new stake in shares of Rockwell Automation in the first quarter valued at $26,000. Financial Gravity Asset Management Inc. acquired a new position in shares of Rockwell Automation in the first quarter worth $31,000. IMA Advisory Services Inc. acquired a new position in shares of Rockwell Automation in the first quarter worth $32,000. Cooksen Wealth LLC acquired a new position in shares of Rockwell Automation in the first quarter worth $34,000. Finally, Cary Street Partners Investment Advisory LLC increased its stake in shares of Rockwell Automation by 59.6% in the first quarter. Cary Street Partners Investment Advisory LLC now owns 166 shares of the industrial products company's stock worth $43,000 after acquiring an additional 62 shares during the last quarter. 75.75% of the stock is currently owned by institutional investors and hedge funds.

Rockwell Automation Stock Down 1.6%

Shares of ROK opened at $344.97 on Friday. Rockwell Automation, Inc. has a 12 month low of $215.00 and a 12 month high of $360.92. The company has a 50-day moving average price of $345.69 and a two-hundred day moving average price of $304.01. The company has a quick ratio of 0.72, a current ratio of 1.06 and a debt-to-equity ratio of 0.72. The stock has a market cap of $38.79 billion, a price-to-earnings ratio of 40.49, a P/E/G ratio of 3.66 and a beta of 1.41.

Rockwell Automation (NYSE:ROK - Get Free Report) last posted its earnings results on Wednesday, August 6th. The industrial products company reported $2.82 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $2.07 billion. During the same quarter in the previous year, the company posted $2.71 earnings per share. Rockwell Automation's quarterly revenue was up 4.5% compared to the same quarter last year. Equities analysts predict that Rockwell Automation, Inc. will post 9.35 EPS for the current fiscal year.

Insider Activity

In other news, VP Terry L. Riesterer sold 269 shares of the business's stock in a transaction on Thursday, July 17th. The shares were sold at an average price of $355.26, for a total value of $95,564.94. Following the completion of the transaction, the vice president owned 1,613 shares of the company's stock, valued at $573,034.38. The trade was a 14.29% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Cyril Perducat sold 1,435 shares of the business's stock in a transaction on Friday, August 29th. The shares were sold at an average price of $348.08, for a total transaction of $499,494.80. Following the completion of the transaction, the senior vice president directly owned 3,787 shares of the company's stock, valued at $1,318,178.96. This trade represents a 27.48% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 31,922 shares of company stock worth $11,191,812. Corporate insiders own 0.68% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have commented on ROK shares. Wall Street Zen downgraded shares of Rockwell Automation from a "buy" rating to a "hold" rating in a research report on Saturday. 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. Oppenheimer lowered their target price on shares of Rockwell Automation from $371.00 to $363.00 and set an "outperform" rating on the stock in a research report on Thursday, August 7th. Stephens reissued an "overweight" rating and set a $375.00 target price (up from $350.00) on shares of Rockwell Automation in a research report on Wednesday, July 16th. Finally, Barclays increased their target price on shares of Rockwell Automation from $357.00 to $370.00 and gave the stock an "overweight" rating in a research report on Thursday, August 14th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Rockwell Automation currently has an average rating of "Moderate Buy" and an average price target of $340.16.

Rockwell Automation Profile

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.

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