NEOS Investment Management LLC lifted its holdings in shares of Rockwell Automation, Inc. (NYSE:ROK – Free Report) by 14.8% during the second quarter, Holdings Channel.com reports. The fund owned 17,572 shares of the industrial products company’s stock after acquiring an additional 2,266 shares during the period. NEOS Investment Management LLC’s holdings in Rockwell Automation were worth $8,700,000 as of its most recent SEC filing.
Several other hedge funds have also recently modified their holdings of ROK. Virtus Advisers LLC purchased a new position in shares of Rockwell Automation in the 2nd quarter valued at approximately $25,000. MV Capital Management Inc. acquired a new position in Rockwell Automation during the 4th quarter valued at approximately $28,000. Manchester Capital Management LLC increased 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 valued at $31,000 after purchasing an additional 39 shares in the last quarter. Cassaday & Co Wealth Management LLC purchased a new position in shares of Rockwell Automation in the first quarter worth $31,000. Finally, BOK Financial Private Wealth Inc. purchased a new position in shares of Rockwell Automation in the fourth quarter worth $33,000. Institutional investors and hedge funds own 75.75% of the company’s stock.
Rockwell Automation Stock Up 1.4%
ROK stock opened at $434.18 on Friday. The company has a market capitalization of $48.22 billion, a P/E ratio of 40.69, a price-to-earnings-growth ratio of 2.53 and a beta of 1.52. Rockwell Automation, Inc. has a 12 month low of $332.71 and a 12 month high of $497.36. The firm’s fifty day simple moving average is $453.91 and its 200-day simple moving average is $428.18. 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 declared that its board has authorized a stock repurchase 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 repurchase up to 2% of its shares through open market purchases. Shares buyback plans are often an indication that the company’s board of directors believes its shares are undervalued.
Rockwell Automation Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Monday, August 17th will be paid a dividend of $1.38 per share. The ex-dividend date is Monday, August 17th. This represents a $5.52 dividend on an annualized basis and a dividend yield of 1.3%. Rockwell Automation’s dividend payout ratio (DPR) is presently 51.73%.
Key Headlines Impacting Rockwell Automation
Here are the key news stories impacting Rockwell Automation this week:
- Positive Sentiment: Analysts raised most forward EPS estimates. Zacks Research increased its forecasts for Q4 2026, Q2-Q4 2027, FY2026, FY2027, Q3 2028 and FY2028. The firm now expects $13.17 EPS for FY2026, $14.39 for FY2027 and $16.78 for FY2028, suggesting improving expectations for Rockwell Automation’s longer-term earnings growth.
- Positive Sentiment: Morgan Stanley maintained a Buy rating. The continued bullish view from a major brokerage provides supportive sentiment for ROK, although the broader analyst consensus remains Hold. Morgan Stanley Remains a Buy on Rockwell Automation
- Positive Sentiment: Recent operating results and capital returns remain supportive. Rockwell’s latest quarter exceeded EPS and revenue expectations, with revenue up 7.9% year over year. The company also has authorization for up to $1 billion in share repurchases and pays a quarterly dividend, which may enhance shareholder returns.
- Neutral Sentiment: The investment case is constructive but not uniformly bullish. Zacks maintained a Hold rating, and the consensus target of approximately $469.14 implies potential upside but also reflects caution at ROK’s current valuation. A recent comparison of Rockwell with other Internet of Things companies may influence sector sentiment but provides no clear company-specific catalyst. Q2 earnings highlights: Rockwell Automation vs. Internet of Things stocks
- Negative Sentiment: One near-term EPS estimate was trimmed. Zacks lowered its Q1 2027 forecast to $2.93 from $2.97, partially offsetting the broader upward revisions.
- Negative Sentiment: An executive sold shares. SVP Matheus Bulho sold 400 shares for about $168,056 after selling 467 shares earlier. Because the transactions were conducted under a pre-arranged Rule 10b5-1 plan, they are a limited bearish signal. Rockwell Automation insider share sale
Insider Activity
In related news, CFO Christian E. Rothe sold 590 shares of the firm’s stock in a transaction dated 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 $4,529,314.70. This trade represents a 5.35% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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 Matheus De A. G. Viera Bulho sold 467 shares of Rockwell Automation stock in a transaction that occurred on Monday, August 31st. The shares were sold at an average price of $426.96, for a total value of $199,390.32. Following the transaction, the senior vice president owned 1,267 shares of the company’s stock, valued at approximately $540,958.32. This represents a 26.93% 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. Insiders sold a total of 2,557 shares of company stock valued at $1,098,256 in the last quarter. 0.76% of the stock is currently owned by company insiders.
Analyst Ratings Changes
Several equities research analysts have recently commented on ROK shares. Sanford C. Bernstein lifted their price objective on shares of Rockwell Automation from $501.00 to $514.00 and gave the stock a “market perform” rating in a research note on Friday, August 14th. DA Davidson cut their target price on Rockwell Automation from $500.00 to $490.00 and set a “neutral” rating on the stock in a research report on Friday, August 21st. TD Cowen raised their target price on Rockwell Automation from $350.00 to $400.00 and gave the stock a “hold” rating in a research note on Wednesday, May 13th. Citigroup lowered their price target on Rockwell Automation from $555.00 to $536.00 and set a “buy” rating for the company in a research report on Wednesday, August 5th. Finally, Robert W. Baird set a $514.00 price target on Rockwell Automation in a research note on Wednesday, August 5th. Nine investment analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the stock. According to MarketBeat, Rockwell Automation presently has a consensus rating of “Hold” and a consensus target price of $469.14.
Read Our Latest Analysis on ROK
About Rockwell Automation
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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