AGF Management Ltd. Acquires 12,194 Shares of Rockwell Automation, Inc. (NYSE:ROK)

AGF Management Ltd. increased its holdings in Rockwell Automation, Inc. (NYSE:ROK) by 6.1% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 210,774 shares of the industrial products company’s stock after purchasing an additional 12,194 shares during the quarter. AGF Management Ltd. owned 0.18% of Rockwell Automation worth $58,022,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in ROK. Pathway Financial Advisers LLC purchased a new position in shares of Rockwell Automation in the first quarter worth about $26,000. Riverview Trust Co bought a new stake in Rockwell Automation in the first quarter valued at approximately $28,000. ESL Trust Services LLC purchased a new stake in shares of Rockwell Automation during the first quarter valued at approximately $29,000. Security National Bank purchased a new stake in shares of Rockwell Automation during the fourth quarter valued at approximately $40,000. Finally, Cooksen Wealth LLC purchased a new position in shares of Rockwell Automation in the fourth quarter worth $40,000. 75.75% of the stock is currently owned by hedge funds and other institutional investors.

Rockwell Automation Price Performance

Shares of ROK opened at $261.99 on Wednesday. Rockwell Automation, Inc. has a fifty-two week low of $242.81 and a fifty-two week high of $312.76. The firm’s 50-day simple moving average is $266.23 and its two-hundred day simple moving average is $271.21. The stock has a market cap of $29.87 billion, a PE ratio of 25.61, a price-to-earnings-growth ratio of 4.55 and a beta of 1.37. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.68 and a current ratio of 1.04.

Rockwell Automation (NYSE:ROK) last posted its quarterly earnings results on Wednesday, August 7th. The industrial products company reported $2.71 earnings per share for the quarter, topping the consensus estimate of $2.08 by $0.63. The company had revenue of $2.05 billion for the quarter, compared to the consensus estimate of $2.03 billion. Rockwell Automation had a return on equity of 34.09% and a net margin of 11.56%. The firm’s quarterly revenue was down 8.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.01 EPS. Analysts anticipate that Rockwell Automation, Inc. will post 9.66 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

ROK has been the subject of several analyst reports. Morgan Stanley began coverage on shares of Rockwell Automation in a research report on Friday, September 6th. They set an “overweight” rating and a $320.00 price target for the company. Robert W. Baird cut their target price on Rockwell Automation from $304.00 to $280.00 and set an “outperform” rating on the stock in a research note on Thursday, August 8th. Wells Fargo & Company lowered their price target on Rockwell Automation from $305.00 to $293.00 and set an “overweight” rating for the company in a research report on Thursday, August 8th. Barclays reduced their target price on Rockwell Automation from $250.00 to $245.00 and set an “underweight” rating on the stock in a research note on Wednesday, July 10th. Finally, Redburn Atlantic initiated coverage on Rockwell Automation in a report on Monday, July 8th. They set a “neutral” rating and a $256.00 target price for the company. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, Rockwell Automation presently has an average rating of “Hold” and a consensus target price of $282.80.

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.