National Pension Service grew its position in Rockwell Automation, Inc. (NYSE:ROK – Free Report) by 1.6% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 173,815 shares of the industrial products company’s stock after purchasing an additional 2,797 shares during the period. National Pension Service’s holdings in Rockwell Automation were worth $86,052,000 as of its most recent SEC filing.
A number of other large investors also recently made changes to their positions in the company. Pinnacle Wealth Management Advisory Group LLC boosted its holdings in Rockwell Automation by 188.4% during the second quarter. Pinnacle Wealth Management Advisory Group LLC now owns 2,180 shares of the industrial products company’s stock worth $1,079,000 after purchasing an additional 1,424 shares during the last quarter. NorthRock Partners LLC increased its stake in Rockwell Automation by 3.7% in the 2nd quarter. NorthRock Partners LLC now owns 1,228 shares of the industrial products company’s stock valued at $608,000 after buying an additional 44 shares during the last quarter. Integrated Wealth Concepts LLC increased its stake in Rockwell Automation by 10.7% in the 2nd quarter. Integrated Wealth Concepts LLC now owns 11,271 shares of the industrial products company’s stock valued at $5,580,000 after buying an additional 1,089 shares during the last quarter. NewEdge Advisors LLC lifted its position in shares of Rockwell Automation by 38.9% during the 2nd quarter. NewEdge Advisors LLC now owns 47,895 shares of the industrial products company’s stock worth $23,712,000 after buying an additional 13,425 shares in the last quarter. Finally, Mraz Amerine & Associates Inc. bought a new position in shares of Rockwell Automation during the 2nd quarter worth approximately $207,000. 75.75% of the stock is owned by institutional investors.
Analyst Ratings Changes
Several equities analysts have recently issued reports on ROK shares. Morgan Stanley upped their target price on Rockwell Automation from $525.00 to $545.00 and gave the company an “overweight” rating in a report on Wednesday, September 2nd. DA Davidson dropped their price target on Rockwell Automation from $500.00 to $490.00 and set a “neutral” rating on the stock in a report on Friday, August 21st. Weiss Ratings reissued a “buy (b-)” rating on shares of Rockwell Automation in a research report on Thursday, June 18th. Robert W. Baird set a $514.00 price objective on Rockwell Automation in a research note on Wednesday, August 5th. Finally, Argus raised their target price on Rockwell Automation from $465.00 to $530.00 and gave the company a “buy” rating in a research report on Wednesday, June 24th. Nine equities research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $469.14.
Rockwell Automation Stock Up 1.8%
Rockwell Automation stock opened at $428.77 on Friday. The firm has a 50 day moving average price of $448.65 and a 200-day moving average price of $429.36. The company has a quick ratio of 0.74, a current ratio of 1.08 and a debt-to-equity ratio of 0.74. Rockwell Automation, Inc. has a twelve month low of $332.71 and a twelve month high of $497.36. The company has a market capitalization of $47.61 billion, a P/E ratio of 40.18, a P/E/G ratio of 2.46 and a beta of 1.52.
Rockwell Automation (NYSE:ROK – Get Free Report) last posted its quarterly earnings results on Tuesday, August 4th. The industrial products company reported $3.49 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 for the quarter, compared to analysts’ expectations of $2.24 billion. During the same quarter in the previous year, the firm posted $2.82 EPS. Rockwell Automation’s 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. As a group, equities analysts predict that Rockwell Automation, Inc. will post 13.23 EPS for the current year.
Rockwell Automation announced that its board has initiated a share repurchase plan on Tuesday, June 9th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the industrial products company to repurchase up to 2% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board believes its stock is undervalued.
Insider Buying and Selling at Rockwell Automation
In other Rockwell Automation news, SVP Matheus De A. G. Viera Bulho sold 400 shares of the business’s stock in a transaction on Wednesday, September 2nd. The shares were sold at an average price of $420.14, for a total transaction of $168,056.00. Following the sale, the senior vice president owned 867 shares of the company’s stock, valued at $364,261.38. The trade was a 31.57% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, 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 value of $256,237.00. Following the sale, the chief financial officer owned 10,429 shares in the company, valued at approximately $4,529,314.70. This represents a 5.35% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 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. Over the last 90 days, insiders have sold 2,711 shares of company stock valued at $1,164,880. 0.76% of the stock is owned by corporate insiders.
About Rockwell Automation
Rockwell Automation, Inc (NYSE: ROK) is a global provider of industrial automation and digital transformation technologies. The company helps manufacturers and other industrial organizations improve productivity, safety, quality and operational efficiency by connecting control systems, equipment, software and data across production environments.
Its portfolio includes programmable logic controllers, industrial computers, sensors, motor control and drives, motion-control systems, safety equipment, human-machine interfaces and industrial networking technologies.
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