CORDA Investment Management LLC. bought a new stake in Rockwell Automation, Inc. (NYSE:ROK – Free Report) during the second quarter, HoldingsChannel reports. The institutional investor bought 3,216 shares of the industrial products company’s stock, valued at approximately $1,592,000.
Other large investors also recently added to or reduced their stakes in the company. MV Capital Management Inc. acquired a new stake in shares of Rockwell Automation in the fourth quarter valued at $28,000. Manchester Capital Management LLC lifted its stake in Rockwell Automation by 97.5% during the 4th quarter. Manchester Capital Management LLC now owns 79 shares of the industrial products company’s stock worth $31,000 after acquiring an additional 39 shares in the last quarter. First Horizon Corp purchased a new position in Rockwell Automation during the 4th quarter valued at about $32,000. BOK Financial Private Wealth Inc. acquired a new position in Rockwell Automation in the 4th quarter valued at about $33,000. Finally, TD Capital Management LLC purchased a new stake in Rockwell Automation during the fourth quarter worth about $33,000. 75.75% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of brokerages recently weighed in on ROK. Weiss Ratings restated a “buy (b-)” rating on shares of Rockwell Automation in a report on Thursday, June 18th. Mizuho set a $445.00 target price on shares of Rockwell Automation in a report on Wednesday, May 6th. Rothschild & Co Redburn raised their price target on shares of Rockwell Automation from $365.00 to $378.00 in a research report on Wednesday, May 6th. Robert W. Baird set a $514.00 price target on shares of Rockwell Automation in a research note on Wednesday, August 5th. Finally, Evercore set a $485.00 price objective on Rockwell Automation in a research report on Wednesday, August 5th. Nine research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the stock. Based on data from MarketBeat, Rockwell Automation presently has an average rating of “Hold” and a consensus target price of $468.67.
Insiders Place Their Bets
In other Rockwell Automation news, VP John M. Miller sold 1,054 shares of Rockwell Automation stock in a transaction dated 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 sale, the vice president directly owned 5,615 shares of the company’s stock, valued at $2,392,102.30. The trade was a 15.80% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Matthew W. Fordenwalt sold 377 shares of the company’s stock in a transaction dated Thursday, June 4th. The stock was sold at an average price of $460.51, for a total value of $173,612.27. Following the transaction, the senior vice president directly owned 4,437 shares of the company’s stock, valued at approximately $2,043,282.87. This represents a 7.83% 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. In the last quarter, insiders have sold 1,649 shares of company stock valued at $722,119. Insiders own 0.76% of the company’s stock.
Rockwell Automation Stock Up 0.9%
ROK stock opened at $449.33 on Friday. The company’s 50 day moving average price is $463.72 and its 200 day moving average price is $426.45. The firm has a market capitalization of $49.90 billion, a price-to-earnings ratio of 42.11, a PEG ratio of 2.62 and a beta of 1.54. Rockwell Automation, Inc. has a fifty-two week low of $332.71 and a fifty-two week high of $497.36. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.74 and a current ratio of 1.08.
Rockwell Automation (NYSE:ROK – Get Free Report) last issued its quarterly earnings results on Tuesday, August 4th. The industrial products company reported $3.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.38 by $0.11. Rockwell Automation had a net margin of 13.39% and a return on equity of 39.83%. The company had revenue of $2.31 billion during the quarter, compared to the consensus estimate of $2.24 billion. During the same quarter in the previous year, the firm earned $2.82 earnings per share. The firm’s quarterly revenue was up 7.9% on a year-over-year basis. Rockwell Automation has set its FY 2026 guidance at 13.000-13.300 EPS. On average, equities research analysts anticipate that Rockwell Automation, Inc. will post 13.22 EPS for the current fiscal year.
Rockwell Automation Announces Dividend
The company also recently disclosed 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 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend is Monday, August 17th. Rockwell Automation’s payout ratio is 51.73%.
Rockwell Automation announced that its board has authorized a stock 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 reacquire up to 2% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.
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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