Victory Capital Management Inc. Grows Position in Rockwell Automation, Inc. $ROK

Victory Capital Management Inc. increased its position in shares of Rockwell Automation, Inc. (NYSE:ROKFree Report) by 12.7% in the fourth quarter, Holdings Channel.com reports. The firm owned 964,878 shares of the industrial products company’s stock after purchasing an additional 108,403 shares during the quarter. Victory Capital Management Inc.’s holdings in Rockwell Automation were worth $375,427,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. Ieq Capital LLC boosted its position in Rockwell Automation by 874.2% in the 4th quarter. Ieq Capital LLC now owns 10,219 shares of the industrial products company’s stock valued at $3,976,000 after buying an additional 9,170 shares during the period. Vontobel Holding Ltd. boosted its position in Rockwell Automation by 3.3% in the 4th quarter. Vontobel Holding Ltd. now owns 10,551 shares of the industrial products company’s stock valued at $4,105,000 after buying an additional 341 shares during the period. Clarkston Capital Partners LLC purchased a new stake in Rockwell Automation in the 4th quarter valued at about $7,469,000. Dynamic Technology Lab Private Ltd purchased a new stake in Rockwell Automation in the 4th quarter valued at about $1,605,000. Finally, Wells Fargo & Company MN boosted its position in Rockwell Automation by 12.0% in the 4th quarter. Wells Fargo & Company MN now owns 298,918 shares of the industrial products company’s stock valued at $116,300,000 after buying an additional 32,097 shares during the period. 75.75% of the stock is owned by hedge funds and other institutional investors.

Rockwell Automation Trading Up 0.2%

NYSE:ROK opened at $458.66 on Friday. Rockwell Automation, Inc. has a one year low of $305.44 and a one year high of $468.11. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.76 and a current ratio of 1.09. The firm has a market cap of $51.03 billion, a P/E ratio of 47.68, a P/E/G ratio of 2.93 and a beta of 1.57. The firm has a 50-day simple moving average of $428.54 and a 200-day simple moving average of $406.92.

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

Rockwell Automation declared that its Board of Directors has initiated a share buyback plan on Tuesday, June 9th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the industrial products company to buy up to 2% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s management believes its stock is undervalued.

Rockwell Automation Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Monday, August 17th will be paid a dividend of $1.38 per share. This represents a $5.52 annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Monday, August 17th. Rockwell Automation’s payout ratio is 57.38%.

Insider Activity

In related news, SVP Matthew W. Fordenwalt sold 1,200 shares of the business’s stock in a transaction that occurred on Monday, April 13th. The shares were sold at an average price of $400.00, for a total transaction of $480,000.00. Following the completion of the transaction, the senior vice president owned 4,437 shares in the company, valued at $1,774,800. The trade was a 21.29% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Christopher Nardecchia sold 2,538 shares of the business’s stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $446.43, for a total transaction of $1,133,039.34. Following the transaction, the senior vice president owned 14,232 shares of the company’s stock, valued at approximately $6,353,591.76. This trade represents a 15.13% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 12,308 shares of company stock worth $5,339,812 over the last 90 days. 0.76% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

ROK has been the subject of several research reports. Barclays boosted their price objective on shares of Rockwell Automation from $400.00 to $480.00 and gave the company an “overweight” rating in a research report on Wednesday, May 6th. Wall Street Zen cut shares of Rockwell Automation from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. TD Cowen boosted their price objective 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. KeyCorp boosted their price target on shares of Rockwell Automation from $470.00 to $510.00 and gave the company an “overweight” rating in a report on Wednesday, May 6th. Finally, Sanford C. Bernstein assumed coverage on shares of Rockwell Automation in a report on Tuesday. They issued a “market perform” rating and a $501.00 price target for the company. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and eleven have given a Hold rating to the company’s stock. According to data from MarketBeat, Rockwell Automation presently has an average rating of “Moderate Buy” and an average price target of $451.75.

View Our Latest Analysis on ROK

Rockwell Automation 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.

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

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