L. Roy Papp & Associates LLP Increases Stock Position in Rockwell Automation, Inc. $ROK

Key Points

• L. Roy Papp & Associates LLP increased its stake in Rockwell Automation, Inc. by 14.0% in the second quarter, holding 21,030 shares valued at approximately $6.99 million.
• Insider selling activity included CEO Blake D. Moret selling 24,400 shares for over $8.5 million, resulting in a 22.54% decrease in his ownership.
• Rockwell Automation's recent earnings report showed $2.82 earnings per share, exceeding analysts' expectations and demonstrating a 4.5% year-over-year revenue increase.

L. Roy Papp & Associates LLP grew its stake in shares of Rockwell Automation, Inc. (NYSE:ROK - Free Report) by 14.0% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 21,030 shares of the industrial products company's stock after acquiring an additional 2,579 shares during the quarter. L. Roy Papp & Associates LLP's holdings in Rockwell Automation were worth $6,986,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Capital Investment Advisors LLC boosted its holdings in shares of Rockwell Automation by 5.7% during the 2nd quarter. Capital Investment Advisors LLC now owns 2,192 shares of the industrial products company's stock valued at $728,000 after acquiring an additional 119 shares during the last quarter. Fifth Third Bancorp lifted its stake in shares of Rockwell Automation by 8.5% in the 1st quarter. Fifth Third Bancorp now owns 5,424 shares of the industrial products company's stock worth $1,401,000 after purchasing an additional 423 shares during the period. CWM LLC lifted its stake in shares of Rockwell Automation by 3.7% in the 1st quarter. CWM LLC now owns 2,353 shares of the industrial products company's stock worth $608,000 after purchasing an additional 84 shares during the period. Allspring Global Investments Holdings LLC lifted its stake in shares of Rockwell Automation by 0.8% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 5,652 shares of the industrial products company's stock worth $1,462,000 after purchasing an additional 43 shares during the period. Finally, Brighton Jones LLC bought a new position in shares of Rockwell Automation in the 4th quarter worth approximately $281,000. Hedge funds and other institutional investors own 75.75% of the company's stock.

Insider Buying and Selling at Rockwell Automation

In other Rockwell Automation news, VP Isaac Woods sold 250 shares of the stock in a transaction that occurred on 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 directly owned 1,662 shares of the company's stock, valued at $581,700. This trade represents a 13.08% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Blake D. Moret sold 24,400 shares of the stock in a transaction that occurred on Thursday, September 11th. The shares were sold at an average price of $350.13, for a total transaction of $8,543,172.00. Following the sale, the chief executive officer directly owned 83,873 shares of the company's stock, valued at approximately $29,366,453.49. This trade represents a 22.54% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 31,922 shares of company stock worth $11,191,812. Insiders own 0.68% of the company's stock.

Rockwell Automation Trading Down 1.6%

Shares of ROK opened at $342.43 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 1 year low of $215.00 and a 1 year high of $360.92. The company has a 50 day simple moving average of $344.00 and a two-hundred day simple moving average of $313.98. The firm has a market cap of $38.50 billion, a P/E ratio of 40.19, a price-to-earnings-growth ratio of 3.09 and a beta of 1.41.

Rockwell Automation (NYSE:ROK - Get Free Report) last announced its quarterly earnings data 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 business had revenue of $2.14 billion during the quarter, compared to analyst estimates of $2.07 billion. During the same period last year, the firm posted $2.71 EPS. The company's revenue was up 4.5% on a year-over-year basis. On average, equities analysts expect that Rockwell Automation, Inc. will post 9.35 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Oppenheimer lowered their price objective on shares of Rockwell Automation from $371.00 to $363.00 and set an "outperform" rating on the stock in a research note on Thursday, August 7th. Citigroup reiterated a "buy" rating on shares of Rockwell Automation in a research note on Thursday. 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 for the company. Weiss Ratings reissued a "buy (b-)" rating on shares of Rockwell Automation in a report on Wednesday. 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 report on Thursday, August 14th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, Rockwell Automation has an average rating of "Moderate Buy" and an average target price of $340.68.

Rockwell Automation Company 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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