AG2R LA Mondiale Gestion D Actifs Buys New Shares in Rockwell Automation, Inc. $ROK

Key Points

• AG2R LA Mondiale Gestion D Actifs acquired a new stake in Rockwell Automation, Inc. by purchasing 4,845 shares, valued at approximately $1.25 million.
• The company reported $2.82 earnings per share for the recent quarter, exceeding analysts' expectations of $2.67, along with revenue of $2.14 billion, which also surpassed predictions.
• Institutional investors own 75.75% of Rockwell Automation's stock, indicating significant confidence in the company's performance and prospects.

AG2R LA Mondiale Gestion D Actifs bought a new stake in Rockwell Automation, Inc. (NYSE:ROK - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 4,845 shares of the industrial products company's stock, valued at approximately $1,252,000.

Several other hedge funds and other institutional investors have also bought and sold shares of ROK. Citizens National Bank Trust Department acquired a new position in Rockwell Automation in the first quarter valued at $26,000. Financial Gravity Asset Management Inc. acquired a new position in shares of Rockwell Automation during the first quarter valued at about $31,000. IMA Advisory Services Inc. acquired a new position in shares of Rockwell Automation during the first quarter valued at about $32,000. Cooksen Wealth LLC acquired a new position in shares of Rockwell Automation during the first quarter valued at about $34,000. Finally, Cary Street Partners Investment Advisory LLC raised its holdings in shares of Rockwell Automation by 59.6% during the first quarter. Cary Street Partners Investment Advisory LLC now owns 166 shares of the industrial products company's stock valued at $43,000 after purchasing an additional 62 shares during the period. Institutional investors and hedge funds own 75.75% of the company's stock.

Rockwell Automation Trading Down 1.6%

ROK opened at $344.97 on Friday. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.06 and a quick ratio of 0.72. Rockwell Automation, Inc. has a fifty-two week low of $215.00 and a fifty-two week high of $360.92. The firm has a market capitalization of $38.79 billion, a PE ratio of 40.49, a P/E/G ratio of 3.66 and a beta of 1.41. The company's 50-day moving average is $345.69 and its 200 day moving average is $304.01.

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 for the quarter, topping analysts' consensus estimates of $2.67 by $0.15. The company had revenue of $2.14 billion for the quarter, compared to analyst estimates of $2.07 billion. Rockwell Automation had a net margin of 12.03% and a return on equity of 30.14%. The firm's revenue was up 4.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.71 EPS. As a group, research analysts predict that Rockwell Automation, Inc. will post 9.35 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

ROK has been the topic of several research reports. 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 report on Thursday, August 7th. Barclays upped their price objective on shares of Rockwell Automation from $357.00 to $370.00 and gave the company an "overweight" rating in a report on Thursday, August 14th. Wall Street Zen lowered shares of Rockwell Automation from a "buy" rating to a "hold" rating in a report on Saturday. 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 report on Thursday, August 7th. Finally, CICC Research assumed coverage on shares of Rockwell Automation in a report on Monday, July 7th. They issued an "outperform" rating and a $381.00 target price on the stock. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $340.16.

Insider Transactions at Rockwell Automation

In other Rockwell Automation news, VP Terry L. Riesterer sold 269 shares of the stock in a transaction dated 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 sale, the vice president owned 1,613 shares in the company, valued at approximately $573,034.38. This trade represents a 14.29% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Isaac Woods sold 250 shares of the stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $350.00, for a total transaction of $87,500.00. Following the completion of the sale, the vice president owned 1,662 shares of the company's stock, valued at approximately $581,700. This trade represents a 13.08% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 31,922 shares of company stock worth $11,191,812. Company insiders own 0.68% of the company's stock.

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.

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