Groupama Asset Managment Trims Stock Position in Rockwell Automation, Inc. $ROK

Groupama Asset Managment cut its holdings in Rockwell Automation, Inc. (NYSE:ROK) by 48.1% during the third quarter, HoldingsChannel reports. The fund owned 1,594 shares of the industrial products company’s stock after selling 1,477 shares during the period. Groupama Asset Managment’s holdings in Rockwell Automation were worth $557,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the business. Thurston Springer Miller Herd & Titak Inc. increased its stake in Rockwell Automation by 468.8% during the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 91 shares of the industrial products company’s stock worth $32,000 after acquiring an additional 75 shares during the last quarter. Rexford Capital Inc. acquired a new position in shares of Rockwell Automation in the 2nd quarter valued at $33,000. Ameriflex Group Inc. grew its holdings in shares of Rockwell Automation by 100.0% during the 3rd quarter. Ameriflex Group Inc. now owns 100 shares of the industrial products company’s stock worth $35,000 after purchasing an additional 50 shares during the period. Sachetta LLC grew its holdings in shares of Rockwell Automation by 900.0% during the 3rd quarter. Sachetta LLC now owns 120 shares of the industrial products company’s stock worth $42,000 after purchasing an additional 108 shares during the period. Finally, Dynamic Wealth Strategies LLC acquired a new stake in shares of Rockwell Automation during the 2nd quarter worth about $46,000. 75.75% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on ROK shares. Stephens boosted their price objective on shares of Rockwell Automation from $425.00 to $475.00 and gave the company an “overweight” rating in a report on Friday, January 23rd. Rothschild & Co Redburn increased their target price on shares of Rockwell Automation from $335.00 to $365.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 21st. Morgan Stanley reiterated an “overweight” rating and set a $460.00 price target on shares of Rockwell Automation in a research report on Sunday, February 8th. JPMorgan Chase & Co. boosted their price target on shares of Rockwell Automation from $400.00 to $404.00 and gave the company a “neutral” rating in a research note on Friday, January 16th. Finally, Mizuho upped their price objective on shares of Rockwell Automation from $380.00 to $400.00 and gave the stock a “neutral” rating in a report on Friday, February 6th. Two analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and eleven have issued a Hold rating to the company. According to data from MarketBeat.com, Rockwell Automation presently has a consensus rating of “Moderate Buy” and an average price target of $418.33.

Insider Activity

In other Rockwell Automation news, VP Scott Genereux sold 17,407 shares of the business’s stock in a transaction on Wednesday, February 25th. The shares were sold at an average price of $404.61, for a total value of $7,043,046.27. Following the completion of the transaction, the vice president owned 3,314 shares in the company, valued at $1,340,877.54. The trade was a 84.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, SVP Christopher Nardecchia sold 14,465 shares of the company’s stock in a transaction on Thursday, February 26th. The stock was sold at an average price of $410.01, for a total value of $5,930,794.65. Following the sale, the senior vice president directly owned 14,232 shares in the company, valued at $5,835,262.32. This represents a 50.41% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 49,228 shares of company stock worth $19,992,391 over the last 90 days. Company insiders own 0.76% of the company’s stock.

Rockwell Automation Stock Performance

Shares of Rockwell Automation stock opened at $355.02 on Friday. The business has a 50-day moving average of $398.87 and a 200 day moving average of $380.77. Rockwell Automation, Inc. has a 12 month low of $215.00 and a 12 month high of $438.72. The stock has a market capitalization of $39.89 billion, a price-to-earnings ratio of 40.62, a price-to-earnings-growth ratio of 2.54 and a beta of 1.53. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.16 and a quick ratio of 0.80.

Rockwell Automation (NYSE:ROK) last issued its quarterly earnings results on Thursday, February 5th. The industrial products company reported $2.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.46 by $0.29. The company had revenue of $2.11 billion for the quarter, compared to analyst estimates of $2.08 billion. Rockwell Automation had a net margin of 11.56% and a return on equity of 34.92%. The business’s revenue for the quarter was up 11.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.83 earnings per share. Rockwell Automation has set its FY 2026 guidance at 11.400-12.200 EPS. As a group, sell-side analysts forecast 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 was paid on Tuesday, March 10th. Investors of record on Monday, February 23rd were paid a dividend of $1.38 per share. This represents a $5.52 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend was Monday, February 23rd. Rockwell Automation’s dividend payout ratio is presently 63.16%.

Rockwell Automation Profile

Rockwell Automation is a global industrial automation and digital transformation company headquartered in Milwaukee, Wisconsin. The firm designs, manufactures and supports control systems, industrial control hardware and software, and related services that help manufacturers and industrial operators automate processes, improve productivity and enable data-driven decision making. Rockwell traces its heritage to the Allen-Bradley and Rockwell automation businesses and positions itself as a provider of integrated automation solutions across discrete and process industries.

The company’s product portfolio includes programmable logic controllers (PLCs), human-machine interfaces (HMIs), variable frequency drives, sensors, safety components and other industrial control hardware, often marketed under the Allen-Bradley brand.