Banque Transatlantique SA Sells 4,588 Shares of Rockwell Automation, Inc. $ROK

Key Points

• Banque Transatlantique SA reduced its holdings in Rockwell Automation by 15.8%, taking ownership down to 24,530 shares valued at approximately $5.86 million.
• Several institutional investors, including GAMMA Investing LLC and Raymond James Financial Inc., significantly increased their stakes in Rockwell Automation during the first quarter, reflecting strong investor interest in the company.
• Rockwell Automation's recent earnings report indicated a 4.5% increase in revenue year-over-year, exceeding analysts' expectations, with a reported earnings per share of $2.82.

Banque Transatlantique SA lessened its holdings in Rockwell Automation, Inc. (NYSE:ROK - Free Report) by 15.8% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 24,530 shares of the industrial products company's stock after selling 4,588 shares during the period. Banque Transatlantique SA's holdings in Rockwell Automation were worth $5,857,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the business. Bank Pictet & Cie Europe AG increased its position in Rockwell Automation by 0.9% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 4,195 shares of the industrial products company's stock valued at $1,199,000 after acquiring an additional 38 shares during the last quarter. Allspring Global Investments Holdings LLC increased its position in Rockwell Automation by 0.8% during the first quarter. Allspring Global Investments Holdings LLC now owns 5,652 shares of the industrial products company's stock valued at $1,462,000 after acquiring an additional 43 shares during the last quarter. Wealthfront Advisers LLC increased its position in Rockwell Automation by 0.6% during the first quarter. Wealthfront Advisers LLC now owns 7,708 shares of the industrial products company's stock valued at $1,992,000 after acquiring an additional 43 shares during the last quarter. Kelly Financial Services LLC increased its position in Rockwell Automation by 4.4% during the first quarter. Kelly Financial Services LLC now owns 1,096 shares of the industrial products company's stock valued at $283,000 after acquiring an additional 46 shares during the last quarter. Finally, Koshinski Asset Management Inc. increased its position in Rockwell Automation by 1.1% during the first quarter. Koshinski Asset Management Inc. now owns 4,097 shares of the industrial products company's stock valued at $1,059,000 after acquiring an additional 46 shares during the last quarter. Institutional investors own 75.75% of the company's stock.

Insider Buying and Selling at Rockwell Automation

In other Rockwell Automation news, SVP Christopher Nardecchia sold 551 shares of the firm's stock in a transaction dated Monday, June 9th. The shares were sold at an average price of $326.31, for a total transaction of $179,796.81. Following the transaction, the senior vice president owned 12,711 shares of the company's stock, valued at approximately $4,147,726.41. This trade represents a 4.15% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Terry L. Riesterer sold 2,100 shares of the firm's stock in a transaction dated Tuesday, July 15th. The shares were sold at an average price of $350.08, for a total transaction of $735,168.00. Following the completion of the sale, the vice president owned 1,033 shares in the company, valued at $361,632.64. This represents a 67.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 9,445 shares of company stock worth $3,267,779. 0.68% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research analysts have weighed in on ROK shares. Citigroup reiterated a "buy" rating and set a $392.00 price objective (up previously from $371.00) on shares of Rockwell Automation in a research report on Monday, July 14th. TD Cowen upgraded shares of Rockwell Automation from a "sell" rating to a "hold" rating and set a $275.00 price objective on the stock in a research report on Friday, May 9th. KeyCorp boosted their price objective on shares of Rockwell Automation from $370.00 to $380.00 and gave the company an "overweight" rating in a research report on Thursday, August 7th. Wells Fargo & Company set a $345.00 price target on shares of Rockwell Automation and gave the stock an "equal weight" rating in a report on Friday, August 8th. Finally, Oppenheimer cut their price target 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. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $340.16.

Rockwell Automation Trading Down 0.8%

Shares of NYSE ROK traded down $2.61 during mid-day trading on Friday, reaching $339.26. The company had a trading volume of 539,564 shares, compared to its average volume of 831,771. The company has a current ratio of 1.06, a quick ratio of 0.72 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 business's 50-day moving average is $345.38 and its 200-day moving average is $302.21. The stock has a market cap of $38.14 billion, a price-to-earnings ratio of 39.82, a price-to-earnings-growth ratio of 3.52 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 EPS for the quarter, beating analysts' consensus estimates of $2.67 by $0.15. The business had revenue of $2.14 billion for the quarter, compared to the consensus estimate of $2.07 billion. Rockwell Automation had a net margin of 12.03% and a return on equity of 30.14%. The company's revenue for the quarter was up 4.5% on a year-over-year basis. During the same quarter last year, the firm posted $2.71 EPS. Equities analysts expect that Rockwell Automation, Inc. will post 9.35 earnings per share for the current year.

Rockwell Automation Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Monday, August 18th will be given a dividend of $1.31 per share. The ex-dividend date of this dividend is Monday, August 18th. This represents a $5.24 dividend on an annualized basis and a yield of 1.5%. Rockwell Automation's dividend payout ratio (DPR) is 61.50%.

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.