ING Groep NV Decreases Stock Holdings in Rockwell Automation, Inc. $ROK

ING Groep NV decreased its holdings in Rockwell Automation, Inc. (NYSE:ROKFree Report) by 34.6% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 9,510 shares of the industrial products company’s stock after selling 5,025 shares during the quarter. ING Groep NV’s holdings in Rockwell Automation were worth $3,700,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of ROK. Norges Bank purchased a new position in Rockwell Automation in the 4th quarter worth about $615,596,000. Northwestern Mutual Wealth Management Co. raised its position in Rockwell Automation by 5,925.6% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 906,192 shares of the industrial products company’s stock worth $352,572,000 after buying an additional 891,153 shares during the last quarter. JPMorgan Chase & Co. raised its position in Rockwell Automation by 122.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 819,708 shares of the industrial products company’s stock worth $286,522,000 after buying an additional 451,038 shares during the last quarter. Eurizon Capital SGR S.p.A. purchased a new position in Rockwell Automation in the 4th quarter worth about $156,017,000. Finally, Balyasny Asset Management L.P. raised its position in Rockwell Automation by 1,666.2% in the 3rd quarter. Balyasny Asset Management L.P. now owns 321,722 shares of the industrial products company’s stock worth $112,451,000 after buying an additional 303,506 shares during the last quarter. Hedge funds and other institutional investors own 75.75% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on ROK. Rothschild & Co Redburn upped their price target on shares of Rockwell Automation from $365.00 to $378.00 in a research report on Wednesday, May 6th. TD Cowen upped their price target on shares of Rockwell Automation from $350.00 to $400.00 and gave the company a “hold” rating in a research report on Wednesday, May 13th. Morgan Stanley reaffirmed an “overweight” rating and set a $525.00 price target on shares of Rockwell Automation in a research report on Wednesday, May 6th. HSBC upped their price target on shares of Rockwell Automation from $445.00 to $490.00 in a research report on Wednesday, May 6th. Finally, The Goldman Sachs Group upped their price target on shares of Rockwell Automation from $448.00 to $487.00 in a research report on Wednesday, May 6th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat.com, Rockwell Automation currently has an average rating of “Moderate Buy” and an average price target of $449.16.

View Our Latest Research Report on ROK

Rockwell Automation Price Performance

NYSE ROK opened at $451.57 on Tuesday. Rockwell Automation, Inc. has a 52 week low of $305.44 and a 52 week high of $468.11. The firm has a market capitalization of $50.25 billion, a P/E ratio of 46.94, a PEG ratio of 2.86 and a beta of 1.57. The company has a quick ratio of 0.76, a current ratio of 1.09 and a debt-to-equity ratio of 0.72. The company has a 50-day moving average price of $420.75 and a 200-day moving average price of $404.88.

Rockwell Automation (NYSE:ROKGet Free Report) last announced its quarterly earnings data on Tuesday, May 5th. The industrial products company reported $3.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.88 by $0.42. The company had revenue of $2.24 billion during the quarter, compared to the consensus estimate of $2.16 billion. Rockwell Automation had a return on equity of 37.54% and a net margin of 12.36%.The firm’s revenue was up 11.9% on a year-over-year basis. During the same period in the previous year, the company posted $2.45 EPS. Rockwell Automation has set its FY 2026 guidance at 12.500-13.100 EPS. Equities research analysts anticipate that Rockwell Automation, Inc. will post 13.01 earnings per share for the current year.

Rockwell Automation Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Monday, May 18th will be paid a dividend of $1.38 per share. The ex-dividend date is Monday, May 18th. This represents a $5.52 dividend on an annualized basis and a dividend yield of 1.2%. Rockwell Automation’s payout ratio is 57.38%.

Insider Activity at Rockwell Automation

In related news, VP John M. Miller sold 1,054 shares of the business’s stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $426.02, for a total transaction of $449,025.08. Following the completion of the transaction, the vice president directly owned 5,615 shares in the company, valued at approximately $2,392,102.30. The trade was a 15.80% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Matheus De A. G. Viera Bulho sold 1,250 shares of the business’s stock in a transaction that occurred on Wednesday, April 8th. The shares were sold at an average price of $387.50, for a total value of $484,375.00. Following the transaction, the senior vice president owned 1,734 shares of the company’s stock, valued at approximately $671,925. This trade represents a 41.89% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 12,308 shares of company stock worth $5,339,812 in the last quarter. 0.76% of the stock is currently owned by insiders.

Rockwell Automation Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Rockwell Automation (NYSE:ROK)

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