Rockwell Automation, Inc. $ROK Shares Bought by Bayforest Capital Ltd

Key Points

• Bayforest Capital Ltd increased its stake in Rockwell Automation by 241.5%, owning a total of 1,943 shares valued at approximately $645,000 as of its latest SEC filing.
• Rockwell Automation reported an earnings per share (EPS) of $2.82 for the last quarter, exceeding estimates by $0.15, and its revenue increased by 4.5% year-over-year.
• Multiple brokerages have recently reiterated or upgraded their ratings on Rockwell Automation, with Citigroup maintaining a "buy" rating and KeyCorp raising their price target to $380.00.

Bayforest Capital Ltd boosted its position in shares of Rockwell Automation, Inc. (NYSE:ROK - Free Report) by 241.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,943 shares of the industrial products company's stock after buying an additional 1,374 shares during the period. Bayforest Capital Ltd's holdings in Rockwell Automation were worth $645,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in ROK. Citizens National Bank Trust Department purchased a new position in shares of Rockwell Automation in the 1st quarter valued at approximately $26,000. Financial Gravity Asset Management Inc. purchased a new position in shares of Rockwell Automation in the 1st quarter valued at approximately $31,000. IMA Advisory Services Inc. purchased a new position in shares of Rockwell Automation in the 1st quarter valued at approximately $32,000. Cooksen Wealth LLC purchased a new position in shares of Rockwell Automation in the 1st quarter valued at approximately $34,000. Finally, Legend Financial Advisors Inc. purchased a new position in shares of Rockwell Automation in the 2nd quarter valued at approximately $39,000. Institutional investors and hedge funds own 75.75% of the company's stock.

Insider Activity at Rockwell Automation

In other Rockwell Automation news, SVP Cyril Perducat sold 1,435 shares of the company's stock in a transaction dated Friday, August 29th. The stock was sold at an average price of $348.08, for a total transaction of $499,494.80. Following the completion of the sale, the senior vice president directly owned 3,787 shares in the company, valued at $1,318,178.96. This represents a 27.48% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Isaac Woods sold 250 shares of the company's stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of $350.00, for a total value of $87,500.00. Following the sale, the vice president owned 1,662 shares of the company's stock, valued at $581,700. This represents a 13.08% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 29,822 shares of company stock valued at $10,456,644 over the last three months. Insiders own 0.68% of the company's stock.

Rockwell Automation Stock Up 1.5%

Shares of NYSE:ROK opened at $344.20 on Wednesday. The company has a quick ratio of 0.72, a current ratio of 1.06 and a debt-to-equity ratio of 0.72. Rockwell Automation, Inc. has a 52-week low of $215.00 and a 52-week high of $360.92. The stock's fifty day simple moving average is $343.52 and its 200-day simple moving average is $315.80. The company has a market capitalization of $38.70 billion, a P/E ratio of 40.40, a P/E/G ratio of 3.05 and a beta of 1.41.

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

Analyst Upgrades and Downgrades

Several brokerages have weighed in on ROK. Citigroup reiterated a "buy" rating on shares of Rockwell Automation in a research note on Thursday, October 9th. Oppenheimer lifted their price target on Rockwell Automation from $363.00 to $365.00 and gave the company an "outperform" rating in a research note on Tuesday. Weiss Ratings restated a "buy (b-)" rating on shares of Rockwell Automation in a research note on Wednesday, October 8th. KeyCorp lifted their price target on Rockwell Automation from $370.00 to $380.00 and gave the company an "overweight" rating in a research note on Thursday, August 7th. Finally, Stephens restated an "overweight" rating and issued a $375.00 price target (up from $350.00) on shares of Rockwell Automation in a research note on Wednesday, July 16th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, Rockwell Automation has an average rating of "Moderate Buy" and a consensus target price of $340.79.

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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