Rockwell Automation, Inc. $ROK Shares Bought by Verus Capital Partners LLC

Verus Capital Partners LLC lifted its position in shares of Rockwell Automation, Inc. (NYSE:ROK) by 6.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,519 shares of the industrial products company’s stock after acquiring an additional 147 shares during the quarter. Verus Capital Partners LLC’s holdings in Rockwell Automation were worth $837,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of ROK. Vise Technologies Inc. acquired a new position in Rockwell Automation during the second quarter worth $424,000. Davis R M Inc. increased its position in shares of Rockwell Automation by 0.6% in the second quarter. Davis R M Inc. now owns 89,146 shares of the industrial products company’s stock valued at $29,612,000 after buying an additional 551 shares in the last quarter. ProShare Advisors LLC raised its stake in shares of Rockwell Automation by 12.4% during the 2nd quarter. ProShare Advisors LLC now owns 19,547 shares of the industrial products company’s stock worth $6,493,000 after buying an additional 2,161 shares during the last quarter. Profund Advisors LLC raised its stake in shares of Rockwell Automation by 10.6% during the 2nd quarter. Profund Advisors LLC now owns 1,268 shares of the industrial products company’s stock worth $421,000 after buying an additional 122 shares during the last quarter. Finally, Pinnacle Wealth Management Advisory Group LLC purchased a new stake in shares of Rockwell Automation in the 2nd quarter worth about $245,000. Institutional investors and hedge funds own 75.75% of the company’s stock.

Insider Buying and Selling at Rockwell Automation

In other Rockwell Automation news, Director James P. Keane sold 3,000 shares of Rockwell Automation stock in a transaction on Tuesday, August 26th. The shares were sold at an average price of $356.06, for a total value of $1,068,180.00. Following the transaction, the director owned 9,192 shares in the company, valued at $3,272,903.52. This trade represents a 24.61% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Blake D. Moret sold 61,700 shares of the business’s stock in a transaction on Thursday, November 6th. The shares were sold at an average price of $391.56, for a total transaction of $24,159,252.00. Following the sale, the chief executive officer directly owned 83,873 shares of the company’s stock, valued at $32,841,311.88. This represents a 42.38% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 92,075 shares of company stock worth $34,820,361. 0.68% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the stock. KeyCorp raised their target price on shares of Rockwell Automation from $370.00 to $380.00 and gave the company an “overweight” rating in a report on Thursday, August 7th. Weiss Ratings restated a “buy (b-)” rating on shares of Rockwell Automation in a research report on Wednesday, October 8th. Citigroup reaffirmed a “buy” rating on shares of Rockwell Automation in a research note on Thursday, October 9th. Barclays raised their price target on Rockwell Automation from $370.00 to $417.00 and gave the stock an “overweight” rating in a research report on Friday, November 7th. Finally, Wells Fargo & Company upped their price objective on Rockwell Automation from $355.00 to $380.00 and gave the company an “equal weight” rating in a research report on Friday, November 7th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $360.78.

Rockwell Automation Trading Up 0.2%

Shares of Rockwell Automation stock opened at $392.10 on Wednesday. Rockwell Automation, Inc. has a fifty-two week low of $215.00 and a fifty-two week high of $396.89. The business’s fifty day moving average is $351.76 and its two-hundred day moving average is $334.73. 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 firm has a market cap of $44.09 billion, a PE ratio of 46.02, a P/E/G ratio of 3.30 and a beta of 1.45.

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

Rockwell Automation Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Monday, November 17th will be paid a dividend of $1.38 per share. The ex-dividend date of this dividend is Monday, November 17th. This represents a $5.52 dividend on an annualized basis and a dividend yield of 1.4%. This is an increase from Rockwell Automation’s previous quarterly dividend of $1.31. Rockwell Automation’s dividend payout ratio is currently 72.06%.

Rockwell Automation Company Profile

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.