Foresight Group Ltd Liability Partnership Takes Position in Rockwell Automation, Inc. $ROK

Foresight Group Ltd Liability Partnership bought a new stake in Rockwell Automation, Inc. (NYSE:ROK) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 35,761 shares of the industrial products company’s stock, valued at approximately $9,240,000.

A number of other institutional investors have also recently bought and sold shares of ROK. Brighton Jones LLC bought a new position in shares of Rockwell Automation during the 4th quarter worth approximately $281,000. Bank Pictet & Cie Europe AG lifted its holdings in Rockwell Automation by 0.9% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 4,195 shares of the industrial products company’s stock valued at $1,199,000 after purchasing an additional 38 shares during the last quarter. Ensign Peak Advisors Inc boosted its position in Rockwell Automation by 766.2% during the fourth quarter. Ensign Peak Advisors Inc now owns 26,799 shares of the industrial products company’s stock worth $7,659,000 after purchasing an additional 23,705 shares during the period. Group One Trading LLC acquired a new position in shares of Rockwell Automation in the fourth quarter valued at $86,000. Finally, Janus Henderson Group PLC lifted its stake in shares of Rockwell Automation by 74.9% during the 4th quarter. Janus Henderson Group PLC now owns 25,566 shares of the industrial products company’s stock worth $7,310,000 after buying an additional 10,947 shares during the last quarter. Institutional investors and hedge funds own 75.75% of the company’s stock.

Insider Activity at Rockwell Automation

In other news, VP Isaac Woods sold 365 shares of the company’s stock in a transaction that occurred on Friday, August 29th. The stock was sold at an average price of $348.44, for a total value of $127,180.60. Following the completion of the transaction, the vice president owned 1,691 shares of the company’s stock, valued at $589,212.04. This represents a 17.75% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, 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 completion of the transaction, the senior vice president owned 3,787 shares of the company’s stock, valued at approximately $1,318,178.96. This trade represents a 27.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 7,272 shares of company stock valued at $2,561,140 in the last quarter. 0.68% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on ROK. JPMorgan Chase & Co. boosted their price objective on Rockwell Automation from $271.00 to $299.00 and gave the stock a “neutral” rating in a report on Friday, May 16th. Wells Fargo & Company set a $345.00 price target on Rockwell Automation and gave the company an “equal weight” rating in a research note on Friday, August 8th. Loop Capital upped their price objective on Rockwell Automation from $280.00 to $290.00 and gave the company a “hold” rating in a report on Thursday, May 15th. Oppenheimer dropped their target price on Rockwell Automation from $371.00 to $363.00 and set an “outperform” rating for the company in a report on Thursday, August 7th. Finally, KeyCorp upped their price target on shares of Rockwell Automation from $370.00 to $380.00 and gave the company an “overweight” rating in a research note on Thursday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Rockwell Automation presently has an average rating of “Moderate Buy” and a consensus target price of $340.16.

Rockwell Automation Stock Down 1.1%

Shares of NYSE ROK opened at $339.34 on Thursday. The stock has a market capitalization of $38.15 billion, a P/E ratio of 39.83, a PEG ratio of 3.58 and a beta of 1.41. The stock’s fifty day moving average is $345.64 and its 200 day moving average is $303.10. Rockwell Automation, Inc. has a 52 week low of $215.00 and a 52 week high of $360.92. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.72 and a current ratio of 1.06.

Rockwell Automation (NYSE:ROK) last announced its quarterly earnings data 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 firm 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 business’s revenue for the quarter was up 4.5% on a year-over-year basis. During the same period in the prior year, the company posted $2.71 earnings per share. Sell-side analysts forecast that Rockwell Automation, Inc. will post 9.35 earnings per share for the current fiscal year.

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.