Primecap Management Co. CA acquired a new stake in shares of Rockwell Automation, Inc. (NYSE:ROK – Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 254,360 shares of the industrial products company’s stock, valued at approximately $125,929,000.
Several other hedge funds and other institutional investors have also recently modified their holdings of ROK. BlackRock Inc. bought a new position in shares of Rockwell Automation in the second quarter worth about $6,129,376,000. Norges Bank purchased a new stake in Rockwell Automation in the 4th quarter worth approximately $615,596,000. Northwestern Mutual Wealth Management Co. raised its stake in Rockwell Automation by 5,925.6% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 906,192 shares of the industrial products company’s stock worth $352,572,000 after acquiring an additional 891,153 shares during the period. Legal & General Group Plc purchased a new position in Rockwell Automation during the second quarter valued at approximately $394,905,000. Finally, Bank of New York Mellon Corp purchased a new position in Rockwell Automation during the second quarter valued at approximately $300,589,000. 75.75% of the stock is currently owned by hedge funds and other institutional investors.
Insider Transactions at Rockwell Automation
In related news, CFO Christian E. Rothe sold 590 shares of Rockwell Automation stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $434.30, for a total transaction of $256,237.00. Following the completion of the sale, the chief financial officer owned 10,429 shares in the company, valued at $4,529,314.70. This trade represents a 5.35% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 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 company’s stock in a transaction dated 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 in the company, valued at $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. Insiders have sold a total of 1,185 shares of company stock valued at $529,331 in the last quarter. 0.76% of the stock is currently owned by company insiders.
Wall Street Analyst Weigh In
Read Our Latest Research Report on Rockwell Automation
Rockwell Automation Stock Performance
Rockwell Automation stock opened at $430.01 on Wednesday. Rockwell Automation, Inc. has a 1-year low of $332.71 and a 1-year high of $497.36. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.08 and a quick ratio of 0.74. The firm has a market capitalization of $47.75 billion, a P/E ratio of 40.30, a price-to-earnings-growth ratio of 2.51 and a beta of 1.54. The company’s 50-day moving average is $460.57 and its 200 day moving average is $426.97.
Rockwell Automation (NYSE:ROK – Get Free Report) last posted its quarterly earnings data on Tuesday, August 4th. The industrial products company reported $3.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.38 by $0.11. Rockwell Automation had a return on equity of 39.83% and a net margin of 13.39%.The company had revenue of $2.31 billion during the quarter, compared to analysts’ expectations of $2.24 billion. During the same quarter in the previous year, the business earned $2.82 EPS. Rockwell Automation’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. Research analysts forecast that Rockwell Automation, Inc. will post 13.21 EPS for the current year.
Rockwell Automation announced that its Board of Directors has authorized a share buyback plan on Tuesday, June 9th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the industrial products company to purchase up to 2% of its shares through open market purchases. Shares buyback plans are often an indication that the company’s leadership believes its stock is undervalued.
Rockwell Automation Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Monday, August 17th will be paid a $1.38 dividend. This represents a $5.52 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend is Monday, August 17th. Rockwell Automation’s dividend payout ratio (DPR) is currently 51.73%.
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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