Rockwell Automation, Inc. $ROK Shares Bought by Lbp Am Sa

Key Points

• Lbp Am Sa increased its holdings in Rockwell Automation, Inc. by 137.6% during Q2, owning 47,606 shares valued at approximately $15.8 million.
• Rockwell Automation's latest earnings report showed $2.82 EPS, exceeding estimates, with revenue of $2.14 billion, a 4.5% increase from the previous year.
• Analysts have given Rockwell Automation a consensus rating of "Moderate Buy" with a target price of $340.16, after several brokerages raised their price targets recently.

Lbp Am Sa grew its holdings in shares of Rockwell Automation, Inc. (NYSE:ROK - Free Report) by 137.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 47,606 shares of the industrial products company's stock after purchasing an additional 27,568 shares during the quarter. Lbp Am Sa's holdings in Rockwell Automation were worth $15,813,000 at the end of the most recent quarter.

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

Rockwell Automation Stock Up 1.3%

Shares of NYSE:ROK opened at $349.18 on Wednesday. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.06 and a quick ratio of 0.72. The firm has a market capitalization of $39.26 billion, a PE ratio of 40.98, a price-to-earnings-growth ratio of 3.59 and a beta of 1.41. The firm's 50-day moving average is $345.14 and its two-hundred day moving average is $310.15. Rockwell Automation, Inc. has a 1 year low of $215.00 and a 1 year high of $360.92.

Rockwell Automation (NYSE:ROK - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The industrial products company reported $2.82 earnings per share (EPS) 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 business's revenue for the quarter was up 4.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.71 earnings per share. Analysts predict that Rockwell Automation, Inc. will post 9.35 EPS for the current year.

Insider Activity at Rockwell Automation

In related news, SVP Cyril Perducat sold 1,435 shares of the company's stock in a transaction that occurred 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 sale, the senior vice president directly owned 3,787 shares in the company, valued at approximately $1,318,178.96. This represents a 27.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Isaac Woods sold 250 shares of the company's stock in a transaction that occurred on Thursday, September 11th. The stock was sold at an average price of $350.00, for a total transaction of $87,500.00. Following the sale, the vice president owned 1,662 shares in the company, valued at $581,700. The trade was a 13.08% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 31,922 shares of company stock valued at $11,191,812. 0.68% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on ROK. Barclays boosted their price target on shares of Rockwell Automation from $357.00 to $370.00 and gave the company an "overweight" rating in a research report on Thursday, August 14th. Stephens reissued an "overweight" rating and set a $375.00 price target (up previously from $350.00) on shares of Rockwell Automation in a research report on Wednesday, July 16th. Oppenheimer lowered their price target 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. Wells Fargo & Company set a $345.00 target price on shares of Rockwell Automation and gave the company an "equal weight" rating in a research report on Friday, August 8th. Finally, Wall Street Zen raised shares of Rockwell Automation from a "hold" rating to a "buy" rating in a research report on Sunday, September 21st. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, six have given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, Rockwell Automation currently has a consensus rating of "Moderate Buy" and a consensus target price 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.

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