Sumitomo Mitsui Trust Group Inc. lifted its stake in Rockwell Automation, Inc. (NYSE:ROK – Free Report) by 0.4% in the 1st quarter, HoldingsChannel reports. The firm owned 981,885 shares of the industrial products company’s stock after acquiring an additional 3,886 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in Rockwell Automation were worth $352,379,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors also recently bought and sold shares of the company. Oak Thistle LLC purchased a new position in Rockwell Automation during the fourth quarter valued at approximately $1,556,000. Nordea Investment Management AB increased its stake in shares of Rockwell Automation by 20.7% in the fourth quarter. Nordea Investment Management AB now owns 744,814 shares of the industrial products company’s stock worth $291,073,000 after purchasing an additional 127,733 shares in the last quarter. SG Americas Securities LLC raised its position in shares of Rockwell Automation by 911.0% during the 4th quarter. SG Americas Securities LLC now owns 91,808 shares of the industrial products company’s stock valued at $35,720,000 after purchasing an additional 82,727 shares during the period. Maridea Wealth Management LLC lifted its stake in shares of Rockwell Automation by 580.0% during the 4th quarter. Maridea Wealth Management LLC now owns 5,522 shares of the industrial products company’s stock valued at $2,148,000 after buying an additional 4,710 shares in the last quarter. Finally, Brighton Jones LLC purchased a new position in shares of Rockwell Automation during the 4th quarter valued at $281,000. 75.75% of the stock is owned by institutional investors.
Analyst Ratings Changes
Several brokerages recently weighed in on ROK. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Rockwell Automation in a report on Thursday, June 18th. HSBC boosted their price objective on Rockwell Automation from $445.00 to $490.00 in a research report on Wednesday, May 6th. DA Davidson initiated coverage on Rockwell Automation in a research note on Tuesday, June 16th. They set a “neutral” rating and a $500.00 target price on the stock. Citigroup boosted their price target on Rockwell Automation from $466.00 to $500.00 and gave the stock a “buy” rating in a report on Wednesday, May 6th. Finally, Jefferies Financial Group reaffirmed a “hold” rating and set a $380.00 price objective (down from $490.00) on shares of Rockwell Automation in a report on Tuesday, March 31st. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Rockwell Automation presently has a consensus rating of “Moderate Buy” and a consensus target price of $466.71.
Insider Transactions at Rockwell Automation
In related news, VP John M. Miller sold 1,054 shares of the business’s stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $426.02, for a total value of $449,025.08. Following the sale, the vice president owned 5,615 shares in the company, valued at approximately $2,392,102.30. The trade was a 15.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Matthew W. Fordenwalt sold 1,200 shares of the company’s stock in a transaction 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 sale, the senior vice president directly owned 4,437 shares in the company, valued at approximately $1,774,800. The trade was a 21.29% decrease in their position. 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 10,759 shares of company stock valued at $4,748,096 in the last 90 days. Company insiders own 0.76% of the company’s stock.
Rockwell Automation Trading Down 1.0%
Shares of Rockwell Automation stock opened at $464.26 on Thursday. Rockwell Automation, Inc. has a twelve month low of $305.44 and a twelve month high of $497.36. 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 business has a 50-day moving average price of $456.21 and a 200-day moving average price of $416.47. The firm has a market cap of $51.66 billion, a price-to-earnings ratio of 48.26, a PEG ratio of 2.99 and a beta of 1.54.
Rockwell Automation (NYSE:ROK – Get Free Report) last announced its quarterly earnings results on Tuesday, May 5th. The industrial products company reported $3.30 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 analyst estimates 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 prior year, the company earned $2.45 earnings per share. Rockwell Automation has set its FY 2026 guidance at 12.500-13.100 EPS. Equities research analysts anticipate that Rockwell Automation, Inc. will post 13.06 EPS for the current fiscal year.
Rockwell Automation Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Monday, August 17th will be given a dividend of $1.38 per share. This represents a $5.52 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Monday, August 17th. Rockwell Automation’s dividend payout ratio is currently 57.38%.
Rockwell Automation announced that its Board of Directors has initiated a share repurchase 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 purchase up to 2% of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s board of directors believes its stock is undervalued.
Rockwell Automation 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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