Keybank National Association OH increased its stake in shares of Rockwell Automation, Inc. (NYSE:ROK – Free Report) by 5.1% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 42,421 shares of the industrial products company’s stock after purchasing an additional 2,070 shares during the period. Keybank National Association OH’s holdings in Rockwell Automation were worth $15,224,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Richards Merrill & Peterson Inc. raised its holdings in shares of Rockwell Automation by 1.9% during the first quarter. Richards Merrill & Peterson Inc. now owns 1,358 shares of the industrial products company’s stock valued at $487,000 after acquiring an additional 25 shares during the last quarter. Cidel Asset Management Inc. boosted its stake in shares of Rockwell Automation by 4.6% in the first quarter. Cidel Asset Management Inc. now owns 574 shares of the industrial products company’s stock worth $206,000 after acquiring an additional 25 shares during the last quarter. HBK Sorce Advisory LLC increased its position in shares of Rockwell Automation by 0.7% during the fourth quarter. HBK Sorce Advisory LLC now owns 3,719 shares of the industrial products company’s stock worth $1,544,000 after purchasing an additional 27 shares in the last quarter. Johnson Investment Counsel Inc. increased its position in shares of Rockwell Automation by 1.9% during the fourth quarter. Johnson Investment Counsel Inc. now owns 1,412 shares of the industrial products company’s stock worth $549,000 after purchasing an additional 27 shares in the last quarter. Finally, Nations Financial Group Inc. IA ADV raised its stake in Rockwell Automation by 2.0% in the 4th quarter. Nations Financial Group Inc. IA ADV now owns 1,446 shares of the industrial products company’s stock valued at $563,000 after purchasing an additional 28 shares during the last quarter. 75.75% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
A number of research analysts have weighed in on the company. TD Cowen raised their price objective on Rockwell Automation from $350.00 to $400.00 and gave the company a “hold” rating in a report on Wednesday, May 13th. Wall Street Zen lowered shares of Rockwell Automation from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. KeyCorp increased their target price on shares of Rockwell Automation from $470.00 to $510.00 and gave the company an “overweight” rating in a research report on Wednesday, May 6th. Citigroup raised their price target on shares of Rockwell Automation from $466.00 to $500.00 and gave the stock a “buy” rating in a research note on Wednesday, May 6th. Finally, Sanford C. Bernstein started coverage on shares of Rockwell Automation in a research report on Tuesday, June 9th. They set a “market perform” rating and a $501.00 price target on the stock. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and eleven have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $462.82.
Rockwell Automation Trading Up 0.1%
Shares of ROK stock opened at $471.99 on Friday. The company’s 50-day moving average price is $452.22 and its 200-day moving average price is $414.72. The company has a current ratio of 1.09, a quick ratio of 0.76 and a debt-to-equity ratio of 0.72. The stock has a market cap of $52.52 billion, a price-to-earnings ratio of 49.06, a PEG ratio of 3.01 and a beta of 1.54. Rockwell Automation, Inc. has a twelve month low of $305.44 and a twelve month high of $497.36.
Rockwell Automation (NYSE:ROK – Get Free Report) last released its quarterly earnings data on Tuesday, May 5th. The industrial products company reported $3.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.88 by $0.42. Rockwell Automation had a net margin of 12.36% and a return on equity of 37.54%. The firm had revenue of $2.24 billion during the quarter, compared to analysts’ expectations of $2.16 billion. During the same period last year, the business earned $2.45 earnings per share. Rockwell Automation’s revenue was up 11.9% compared to the same quarter last year. Rockwell Automation has set its FY 2026 guidance at 12.500-13.100 EPS. As a group, equities analysts predict that Rockwell Automation, Inc. will post 13.05 earnings per share for the current year.
Rockwell Automation Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Monday, August 17th will be issued a dividend of $1.38 per share. The ex-dividend date is Monday, August 17th. This represents a $5.52 dividend on an annualized basis and a dividend yield of 1.2%. Rockwell Automation’s dividend payout ratio (DPR) is currently 57.38%.
Rockwell Automation declared that its board has authorized a share repurchase program on Tuesday, June 9th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the industrial products company to purchase up to 2% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s management believes its stock is undervalued.
Insider Buying and Selling at Rockwell Automation
In other news, SVP Christopher Nardecchia sold 2,538 shares of Rockwell Automation stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $446.43, for a total transaction of $1,133,039.34. Following the sale, the senior vice president owned 14,232 shares of the company’s stock, valued at approximately $6,353,591.76. The trade was a 15.13% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Terry L. Riesterer sold 4,024 shares of the company’s stock in a transaction that occurred on Thursday, May 7th. The shares were sold at an average price of $451.97, for a total value of $1,818,727.28. Following the completion of the transaction, the vice president owned 134 shares in the company, valued at $60,563.98. This represents a 96.78% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 12,009 shares of company stock worth $5,232,471. Insiders own 0.76% of the company’s stock.
Rockwell Automation Company Profile
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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