Uniting Wealth Partners LLC acquired a new stake in Rockwell Automation, Inc. (NYSE:ROK – Free Report) during the second quarter, Holdings Channel reports. The fund acquired 1,658 shares of the industrial products company’s stock, valued at approximately $821,000.
Several other hedge funds also recently added to or reduced their stakes in the business. MV Capital Management Inc. purchased a new stake in Rockwell Automation in the fourth quarter valued at $28,000. Manchester Capital Management LLC increased its position in shares of 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 purchasing an additional 39 shares during the last quarter. First Horizon Corp acquired a new stake in shares of Rockwell Automation during the 4th quarter worth about $32,000. BOK Financial Private Wealth Inc. purchased a new stake in Rockwell Automation in the 4th quarter valued at about $33,000. Finally, TD Capital Management LLC purchased a new stake in Rockwell Automation in the 4th quarter valued at about $33,000. 75.75% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Several research analysts have weighed in on ROK shares. Barclays increased their target price on shares of Rockwell Automation from $400.00 to $480.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 6th. Rothschild & Co Redburn boosted their price target on shares of Rockwell Automation from $365.00 to $378.00 in a research note on Wednesday, May 6th. DA Davidson started coverage on shares of Rockwell Automation in a report on Tuesday, June 16th. They issued a “neutral” rating and a $500.00 price objective on the stock. Mizuho set a $445.00 price objective on shares of Rockwell Automation in a research report on Wednesday, May 6th. Finally, Morgan Stanley reiterated an “overweight” rating and issued a $525.00 target price on shares of Rockwell Automation in a report on Wednesday, May 6th. Nine equities research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Rockwell Automation has a consensus rating of “Hold” and an average target price of $468.67.
Insider Activity at Rockwell Automation
In other Rockwell Automation news, VP John M. Miller sold 1,054 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the vice president owned 5,615 shares of the company’s stock, valued at $2,392,102.30. This trade represents a 15.80% decrease in their position. The sale was disclosed in a filing with the SEC, 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 business’s stock in a transaction on Thursday, June 4th. The stock was sold at an average price of $460.51, for a total transaction of $173,612.27. Following the completion of the transaction, the senior vice president owned 4,437 shares of the company’s stock, valued at approximately $2,043,282.87. This trade represents a 7.83% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 1,649 shares of company stock worth $722,119. 0.76% of the stock is owned by insiders.
Rockwell Automation Stock Performance
Shares of Rockwell Automation stock opened at $449.33 on Monday. The business has a 50-day moving average of $463.72 and a 200 day moving average of $426.49. Rockwell Automation, Inc. has a 12 month low of $332.71 and a 12 month high of $497.36. The stock has a market capitalization of $49.90 billion, a price-to-earnings ratio of 42.11, a price-to-earnings-growth ratio of 2.62 and a beta of 1.54. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.08 and a quick ratio of 0.74.
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. The company had revenue of $2.31 billion for the quarter, compared to analyst estimates of $2.24 billion. Rockwell Automation had a net margin of 13.39% and a return on equity of 39.83%. The business’s revenue for the quarter was up 7.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.82 earnings per share. Rockwell Automation has set its FY 2026 guidance at 13.000-13.300 EPS. As a group, sell-side analysts forecast that Rockwell Automation, Inc. will post 13.22 earnings per share for the current year.
Rockwell Automation Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Monday, August 17th will be issued a $1.38 dividend. 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 payout ratio is 51.73%.
Rockwell Automation declared that its board has initiated a share buyback plan on Tuesday, June 9th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the industrial products company to repurchase up to 2% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s management believes its stock is 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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