Bank of Montreal Can Sells 30,841 Shares of Rockwell Automation, Inc. $ROK

Bank of Montreal Can trimmed its position in shares of Rockwell Automation, Inc. (NYSE:ROK) by 25.3% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 91,010 shares of the industrial products company’s stock after selling 30,841 shares during the quarter. Bank of Montreal Can owned about 0.08% of Rockwell Automation worth $30,231,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Goldman Sachs Group Inc. grew its holdings in shares of Rockwell Automation by 11.8% during the first quarter. Goldman Sachs Group Inc. now owns 1,819,379 shares of the industrial products company’s stock valued at $470,091,000 after buying an additional 191,370 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in Rockwell Automation by 0.6% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,579,956 shares of the industrial products company’s stock valued at $408,229,000 after acquiring an additional 9,920 shares in the last quarter. Invesco Ltd. lifted its position in Rockwell Automation by 2.2% in the 1st quarter. Invesco Ltd. now owns 1,448,160 shares of the industrial products company’s stock valued at $374,176,000 after acquiring an additional 30,837 shares in the last quarter. Northern Trust Corp boosted its stake in Rockwell Automation by 0.4% during the 1st quarter. Northern Trust Corp now owns 1,396,303 shares of the industrial products company’s stock valued at $360,777,000 after purchasing an additional 4,972 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of Rockwell Automation by 1.0% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,170,010 shares of the industrial products company’s stock worth $302,307,000 after purchasing an additional 11,849 shares in the last quarter. 75.75% of the stock is owned by hedge funds and other institutional investors.

Rockwell Automation Price Performance

Shares of NYSE:ROK opened at $373.20 on Friday. The company has a quick ratio of 0.72, a current ratio of 1.06 and a debt-to-equity ratio of 0.72. The stock has a market capitalization of $41.96 billion, a PE ratio of 43.80, a price-to-earnings-growth ratio of 3.30 and a beta of 1.45. The firm’s 50 day moving average price is $349.11 and its 200-day moving average price is $330.36. Rockwell Automation, Inc. has a twelve month low of $215.00 and a twelve month high of $396.89.

Rockwell Automation (NYSE:ROK) last announced its earnings results on Thursday, November 6th. The industrial products company reported $3.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.94 by $0.40. Rockwell Automation had a net margin of 12.03% and a return on equity of 30.14%. The company had revenue of $2.32 billion during the quarter, compared to analyst estimates of $2.19 billion. During the same period in the previous year, the business posted $2.47 earnings per share. The firm’s quarterly revenue was up 13.8% compared to the same quarter last year. Rockwell Automation has set its FY 2026 guidance at 11.200-12.200 EPS. Equities research analysts expect that Rockwell Automation, Inc. will post 9.35 EPS for the current year.

Rockwell Automation Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Monday, November 17th will be given a dividend of $1.38 per share. This represents a $5.52 annualized dividend and a yield of 1.5%. This is a boost from Rockwell Automation’s previous quarterly dividend of $1.31. The ex-dividend date is Monday, November 17th. Rockwell Automation’s dividend payout ratio (DPR) is presently 64.79%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on ROK. Barclays upped their price target on Rockwell Automation from $357.00 to $370.00 and gave the company an “overweight” rating in a report on Thursday, August 14th. Bank of America raised Rockwell Automation from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $360.00 to $410.00 in a research report on Wednesday, July 16th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Rockwell Automation in a report on Wednesday, October 8th. Citigroup reiterated a “buy” rating on shares of Rockwell Automation in a research note on Thursday, October 9th. Finally, Stephens restated an “overweight” rating and set a $375.00 price objective (up previously from $350.00) on shares of Rockwell Automation in a research report on Wednesday, July 16th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $347.94.

Insider Buying and Selling at Rockwell Automation

In related news, SVP Matheus De A. G. Viera Bulho sold 822 shares of the business’s stock in a transaction that occurred on Wednesday, October 29th. The stock was sold at an average price of $365.00, for a total transaction of $300,030.00. Following the completion of the transaction, the senior vice president directly owned 983 shares in the company, valued at approximately $358,795. The trade was a 45.54% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Isaac Woods sold 250 shares of the stock in a transaction that occurred on Thursday, September 11th. The stock was sold at an average price of $350.00, for a total transaction of $87,500.00. Following the completion of the sale, the vice president directly owned 1,662 shares of the company’s stock, valued at $581,700. This represents a 13.08% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 30,375 shares of company stock valued at $10,661,109 in the last ninety days. 0.68% of the stock is currently owned by company insiders.

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.