Hsbc Holdings PLC acquired a new position in shares of Rockwell Automation, Inc. (NYSE:ROK – Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 472,888 shares of the industrial products company’s stock, valued at approximately $233,964,000.
Other hedge funds and other institutional investors have also modified their holdings of the company. EFG International AG bought a new stake in Rockwell Automation during the second quarter worth about $12,765,000. Ancora Advisors LLC acquired a new position in shares of Rockwell Automation during the 2nd quarter worth approximately $2,487,000. Primecap Management Co. CA bought a new stake in shares of Rockwell Automation during the 2nd quarter worth approximately $125,929,000. Palisade Capital Management LP bought a new stake in shares of Rockwell Automation during the 2nd quarter worth approximately $312,000. Finally, Canada Pension Plan Investment Board acquired a new stake in shares of Rockwell Automation in the 2nd quarter valued at approximately $113,612,000. Institutional investors and hedge funds own 75.75% of the company’s stock.
Wall Street Analyst Weigh In
A number of equities analysts recently weighed in on the stock. Wells Fargo & Company boosted their target price on shares of Rockwell Automation from $360.00 to $440.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 6th. Morgan Stanley reiterated an “overweight” rating and set a $525.00 target price on shares of Rockwell Automation in a research note on Wednesday, May 6th. The Goldman Sachs Group increased their price target on Rockwell Automation from $448.00 to $487.00 in a research note on Wednesday, May 6th. Rothschild & Co Redburn upped their price objective on shares of Rockwell Automation from $365.00 to $378.00 in a report on Wednesday, May 6th. Finally, KeyCorp raised their target price on shares of Rockwell Automation from $470.00 to $510.00 and gave the stock an “overweight” rating in a research note 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 a consensus target price of $468.19.
Rockwell Automation Price Performance
NYSE:ROK opened at $430.01 on Wednesday. Rockwell Automation, Inc. has a 52 week low of $332.71 and a 52 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. The firm’s 50-day simple moving average is $460.57 and its 200 day simple moving average is $426.97. The firm has a market cap of $47.75 billion, a price-to-earnings ratio of 40.30, a P/E/G ratio of 2.51 and a beta of 1.54.
Rockwell Automation (NYSE:ROK – Get Free Report) last announced its 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 firm had revenue of $2.31 billion for the quarter, compared to analyst estimates of $2.24 billion. During the same quarter in the prior year, the business posted $2.82 EPS. The business’s revenue was up 7.9% compared to the same quarter last year. Rockwell Automation has set its FY 2026 guidance at 13.000-13.300 EPS. As a group, sell-side analysts predict that Rockwell Automation, Inc. will post 13.21 earnings per share for the current year.
Rockwell Automation Announces Dividend
The business 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 1.3%. The ex-dividend date is Monday, August 17th. Rockwell Automation’s dividend payout ratio is presently 51.73%.
Rockwell Automation declared that its board has approved a share repurchase program on Tuesday, June 9th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the industrial products company to reacquire up to 2% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s management believes its shares are undervalued.
Insider Buying and Selling at Rockwell Automation
In other news, CFO Christian E. Rothe sold 590 shares of the stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $434.30, for a total transaction of $256,237.00. Following the sale, the chief financial officer directly owned 10,429 shares of the company’s stock, valued at approximately $4,529,314.70. This represents a 5.35% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, SVP Matthew W. Fordenwalt sold 377 shares of the firm’s stock in a transaction dated Thursday, June 4th. The shares were 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 directly owned 4,437 shares in the company, valued at approximately $2,043,282.87. This represents a 7.83% decrease in their ownership of the stock. 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 three months, insiders have sold 1,185 shares of company stock worth $529,331. 0.76% of the stock is currently owned by insiders.
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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