Howard Capital Management Group LLC grew its position in Rockwell Automation, Inc. (NYSE:ROK – Free Report) by 2.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 68,229 shares of the industrial products company’s stock after buying an additional 1,524 shares during the quarter. Rockwell Automation accounts for 1.9% of Howard Capital Management Group LLC’s holdings, making the stock its 20th largest holding. Howard Capital Management Group LLC owned approximately 0.06% of Rockwell Automation worth $29,702,000 at the end of the most recent reporting period.
Other institutional investors have also modified their holdings of the company. Virtus Advisers LLC purchased a new stake in Rockwell Automation during the second quarter worth about $25,000. MV Capital Management Inc. purchased a new position in shares of Rockwell Automation in the fourth quarter valued at approximately $28,000. TD Capital Management LLC purchased a new position in shares of Rockwell Automation in the fourth quarter valued at approximately $33,000. Cassaday & Co Wealth Management LLC purchased a new position in shares of Rockwell Automation in the first quarter valued at approximately $31,000. Finally, Elevation Wealth Partners LLC grew its holdings in shares of Rockwell Automation by 700.0% in the second quarter. Elevation Wealth Partners LLC now owns 88 shares of the industrial products company’s stock valued at $44,000 after purchasing an additional 77 shares in the last quarter. 75.75% of the stock is owned by institutional investors and hedge funds.
Rockwell Automation Stock Up 0.9%
ROK stock traded up $3.61 during mid-day trading on Friday, reaching $425.64. The company had a trading volume of 1,351,637 shares, compared to its average volume of 755,247. The firm has a fifty day simple moving average of $432.23 and a 200 day simple moving average of $439.19. 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 company has a market capitalization of $47.27 billion, a price-to-earnings ratio of 39.89, a price-to-earnings-growth ratio of 2.00 and a beta of 1.51. Rockwell Automation, Inc. has a fifty-two week low of $343.81 and a fifty-two week high of $497.36.
Rockwell Automation (NYSE:ROK – Get Free Report) last announced its quarterly earnings data 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 return on equity of 39.83% and a net margin of 13.39%. The business had revenue of $2.31 billion during the quarter, compared to the consensus estimate of $2.24 billion. During the same period in the previous year, the company posted $2.82 earnings per share. The business’s revenue for the quarter was up 7.9% on a year-over-year basis. Rockwell Automation has set its FY 2026 guidance at 13.000-13.300 EPS. Analysts forecast that Rockwell Automation, Inc. will post 13.26 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
Several brokerages recently weighed in on ROK. Deutsche Bank Aktiengesellschaft upped their target price on shares of Rockwell Automation from $469.00 to $500.00 and gave the stock a “hold” rating in a research note on Wednesday, September 30th. The Goldman Sachs Group reduced their target price on shares of Rockwell Automation from $510.00 to $485.00 and set a “neutral” rating on the stock in a report on Wednesday, September 30th. Weiss Ratings reissued a “buy (b-)” rating on shares of Rockwell Automation in a research report on Monday, September 14th. Argus boosted their price target on shares of Rockwell Automation from $465.00 to $530.00 and gave the stock a “buy” rating in a research note on Wednesday, June 24th. Finally, Mizuho dropped their price target on shares of Rockwell Automation from $445.00 to $430.00 and set a “neutral” rating for the company in a research note on Thursday. Nine research analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $468.00.
View Our Latest Stock Analysis on Rockwell Automation
Insider Activity
In related news, Director Patricia Watson sold 1,100 shares of Rockwell Automation stock in a transaction that occurred on Thursday, August 27th. The shares were sold at an average price of $431.43, for a total value of $474,573.00. Following the completion of the transaction, the director owned 6,385 shares in the company, valued at $2,754,680.55. The trade was a 14.70% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Matheus Bulho sold 467 shares of the business’s stock in a transaction that occurred on Monday, August 31st. The stock was sold at an average price of $426.96, for a total transaction of $199,390.32. Following the transaction, the senior vice president owned 1,267 shares of the company’s stock, valued at $540,958.32. This trade represents a 26.93% 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. Insiders have sold 2,711 shares of company stock worth $1,164,880 over the last three months. Insiders own 0.76% of the company’s stock.
Rockwell Automation Profile
Rockwell Automation, Inc is a global provider of industrial automation and digital transformation technologies. The company helps manufacturers and other industrial organizations improve productivity, quality, safety, and operational efficiency by connecting industrial equipment, control systems, software, and data.
Its offerings include programmable logic controllers, industrial computers, motor control and drives, sensors, safety systems, human-machine interfaces, and other control and electrical products.
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