Groupama Asset Managment Acquires New Shares in Rockwell Automation, Inc. (NYSE:ROK)

Groupama Asset Managment acquired a new position in Rockwell Automation, Inc. (NYSE:ROK - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 5,948 shares of the industrial products company's stock, valued at approximately $1,699,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in ROK. West Oak Capital LLC increased its position in Rockwell Automation by 455.6% in the fourth quarter. West Oak Capital LLC now owns 100 shares of the industrial products company's stock worth $29,000 after buying an additional 82 shares in the last quarter. Bank of Jackson Hole Trust bought a new position in shares of Rockwell Automation during the 4th quarter valued at approximately $34,000. SBI Securities Co. Ltd. purchased a new stake in Rockwell Automation in the 4th quarter worth approximately $35,000. Flagship Wealth Advisors LLC bought a new stake in Rockwell Automation during the 4th quarter worth approximately $38,000. Finally, Knuff & Co LLC lifted its holdings in Rockwell Automation by 41.0% during the fourth quarter. Knuff & Co LLC now owns 141 shares of the industrial products company's stock valued at $40,000 after purchasing an additional 41 shares in the last quarter. Hedge funds and other institutional investors own 75.75% of the company's stock.

Insiders Place Their Bets

In other news, VP Isaac Woods sold 895 shares of the business's stock in a transaction on Friday, January 10th. The shares were sold at an average price of $274.72, for a total transaction of $245,874.40. Following the completion of the sale, the vice president now directly owns 1,198 shares of the company's stock, valued at approximately $329,114.56. The trade was a 42.76 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Scott Genereux sold 500 shares of the business's stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $290.14, for a total transaction of $145,070.00. Following the completion of the sale, the vice president now directly owns 1,905 shares of the company's stock, valued at approximately $552,716.70. This trade represents a 20.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 4,352 shares of company stock valued at $1,246,298 over the last 90 days. Insiders own 0.68% of the company's stock.

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Wall Street Analysts Forecast Growth

Several brokerages have recently commented on ROK. Wells Fargo & Company raised their price objective on shares of Rockwell Automation from $315.00 to $337.00 and gave the company an "overweight" rating in a research report on Tuesday, February 11th. Loop Capital raised their price target on Rockwell Automation from $260.00 to $280.00 and gave the company a "hold" rating in a report on Tuesday, February 25th. Robert W. Baird upped their price objective on Rockwell Automation from $305.00 to $315.00 and gave the stock an "outperform" rating in a research note on Tuesday, February 11th. Citigroup lifted their target price on Rockwell Automation from $345.00 to $350.00 and gave the company a "buy" rating in a research note on Tuesday, February 11th. Finally, Stephens upgraded Rockwell Automation from an "equal weight" rating to an "overweight" rating and upped their price target for the stock from $275.00 to $350.00 in a research note on Thursday, January 16th. Three analysts have rated the stock with a sell rating, seven have given a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $307.42.

Rockwell Automation Trading Down 5.0 %

ROK stock traded down $11.91 during midday trading on Friday, reaching $227.25. 1,585,217 shares of the company traded hands, compared to its average volume of 852,958. The firm has a market capitalization of $25.70 billion, a price-to-earnings ratio of 28.30, a P/E/G ratio of 3.53 and a beta of 1.39. Rockwell Automation, Inc. has a 52-week low of $218.78 and a 52-week high of $308.70. The business has a 50 day moving average of $274.90 and a 200-day moving average of $278.24. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.72 and a current ratio of 1.08.

Rockwell Automation (NYSE:ROK - Get Free Report) last issued its quarterly earnings results on Monday, February 10th. The industrial products company reported $1.83 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.61 by $0.22. Rockwell Automation had a return on equity of 30.17% and a net margin of 11.38%. As a group, sell-side analysts expect that Rockwell Automation, Inc. will post 9.35 earnings per share for the current fiscal year.

Rockwell Automation Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Monday, May 19th will be given a $1.31 dividend. This represents a $5.24 dividend on an annualized basis and a yield of 2.31%. The ex-dividend date of this dividend is Monday, May 19th. Rockwell Automation's dividend payout ratio (DPR) is currently 65.26%.

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.