Meeder Asset Management Inc. Has $3.54 Million Stock Holdings in Rockwell Automation, Inc. $ROK

Meeder Asset Management Inc. grew its position in Rockwell Automation, Inc. (NYSE:ROK) by 67,486.7% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 10,138 shares of the industrial products company’s stock after buying an additional 10,123 shares during the period. Meeder Asset Management Inc.’s holdings in Rockwell Automation were worth $3,544,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Capital Investment Advisors LLC raised its stake in Rockwell Automation by 5.7% in the second quarter. Capital Investment Advisors LLC now owns 2,192 shares of the industrial products company’s stock valued at $728,000 after buying an additional 119 shares during the period. Patton Fund Management Inc. acquired a new position in shares of Rockwell Automation during the 2nd quarter worth approximately $294,000. Brighton Jones LLC bought a new stake in Rockwell Automation in the 4th quarter valued at $281,000. Integrity Alliance LLC. acquired a new stake in Rockwell Automation during the 1st quarter valued at $293,000. Finally, Schroder Investment Management Group boosted its position in Rockwell Automation by 796.0% during the second quarter. Schroder Investment Management Group now owns 97,367 shares of the industrial products company’s stock worth $32,342,000 after purchasing an additional 86,500 shares during the period. 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, SVP Tessa M. Myers sold 1,020 shares of the company’s stock in a transaction on Wednesday, December 10th. The stock was sold at an average price of $402.07, for a total transaction of $410,111.40. Following the completion of the sale, the senior vice president directly owned 6,021 shares in the company, valued at $2,420,863.47. This represents a 14.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Scott Genereux sold 1,387 shares of Rockwell Automation stock in a transaction on Wednesday, December 10th. The shares were sold at an average price of $402.03, for a total value of $557,615.61. Following the completion of the transaction, the vice president owned 4,514 shares in the company, valued at approximately $1,814,763.42. The trade was a 23.50% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 88,053 shares of company stock valued at $34,718,919. 0.76% of the stock is currently owned by insiders.

Rockwell Automation Stock Performance

ROK opened at $410.56 on Monday. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.77 and a current ratio of 1.14. Rockwell Automation, Inc. has a 52-week low of $215.00 and a 52-week high of $415.89. The firm has a market cap of $46.09 billion, a P/E ratio of 53.60, a price-to-earnings-growth ratio of 2.75 and a beta of 1.52. The business’s fifty day moving average is $391.60 and its 200-day moving average is $362.37.

Rockwell Automation (NYSE:ROK) last posted its quarterly earnings data on Thursday, November 6th. The industrial products company reported $3.34 earnings per share for the quarter, topping the consensus estimate of $2.94 by $0.40. The business had revenue of $4.63 billion during the quarter, compared to analysts’ expectations of $2.19 billion. Rockwell Automation had a net margin of 10.42% and a return on equity of 32.69%. Rockwell Automation’s revenue was up 13.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.47 earnings per share. Rockwell Automation has set its FY 2026 guidance at 11.200-12.200 EPS. Sell-side analysts expect that Rockwell Automation, Inc. will post 9.35 EPS for the current fiscal year.

Rockwell Automation Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 10th. Investors of record on Monday, November 17th were paid a $1.38 dividend. This represents a $5.52 dividend on an annualized basis and a yield of 1.3%. This is a positive change from Rockwell Automation’s previous quarterly dividend of $1.31. The ex-dividend date of this dividend was Monday, November 17th. Rockwell Automation’s payout ratio is 72.06%.

Analysts Set New Price Targets

A number of research firms have recently issued reports on ROK. Wells Fargo & Company raised their target price on shares of Rockwell Automation from $380.00 to $410.00 and gave the stock an “equal weight” rating in a research note on Wednesday. Evercore ISI started coverage on shares of Rockwell Automation in a research report on Monday, December 15th. They set an “in-line” rating and a $440.00 price objective for the company. Citigroup upped their target price on Rockwell Automation from $439.00 to $466.00 and gave the company a “buy” rating in a research report on Monday, December 8th. Morgan Stanley increased their target price on Rockwell Automation from $385.00 to $435.00 and gave the stock an “overweight” rating in a research note on Monday, November 10th. Finally, Jefferies Financial Group lifted their target price on Rockwell Automation from $450.00 to $470.00 and gave the stock a “buy” rating in a report on Wednesday, December 10th. Two research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, Rockwell Automation currently has a consensus rating of “Moderate Buy” and an average target price of $406.13.

About Rockwell Automation

Rockwell Automation is a global industrial automation and digital transformation company headquartered in Milwaukee, Wisconsin. The firm designs, manufactures and supports control systems, industrial control hardware and software, and related services that help manufacturers and industrial operators automate processes, improve productivity and enable data-driven decision making. Rockwell traces its heritage to the Allen-Bradley and Rockwell automation businesses and positions itself as a provider of integrated automation solutions across discrete and process industries.

The company’s product portfolio includes programmable logic controllers (PLCs), human-machine interfaces (HMIs), variable frequency drives, sensors, safety components and other industrial control hardware, often marketed under the Allen-Bradley brand.