Mirae Asset Global Investments Co. Ltd. Makes New Investment in Rockwell Automation, Inc. $ROK

Mirae Asset Global Investments Co. Ltd. bought a new position in Rockwell Automation, Inc. (NYSE:ROK – Free Report) in the 3rd quarter, HoldingsChannel.com reports. The firm bought 109,725 shares of the industrial products company’s stock, valued at approximately $47,767,000.

Other institutional investors have also recently made changes to their positions in the company. Virtus Advisers LLC purchased a new position in shares of Rockwell Automation in the 2nd quarter worth approximately $25,000. Cassaday & Co Wealth Management LLC bought a new position in Rockwell Automation in the 1st quarter valued at $31,000. Elevation Wealth Partners LLC increased its position in shares of Rockwell Automation by 700.0% during the 2nd 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 during the last quarter. Lodestone Wealth Management LLC purchased a new stake in shares of Rockwell Automation during the 3rd quarter valued at $40,000. Finally, Polaris Financial Partners purchased a new stake in shares of Rockwell Automation during the 3rd quarter valued at $42,000. Institutional investors own 75.75% of the company’s stock.

Rockwell Automation Stock Performance

Shares of ROK opened at $435.64 on Monday. The firm has a market cap of $48.38 billion, a PE ratio of 40.83, a PEG ratio of 2.07 and a beta of 1.51. The stock’s fifty day moving average price is $430.91 and its two-hundred day moving average price is $427.26. 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, Inc. has a 1 year low of $347.53 and a 1 year high of $497.36.

Rockwell Automation (NYSE:ROK – Get Free Report) last posted its quarterly earnings results on Tuesday, August 4th. The industrial products company reported $3.49 earnings per share for the quarter, topping the consensus estimate 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 the consensus estimate of $2.24 billion. During the same quarter in the prior year, the company earned $2.82 EPS. The firm’s quarterly 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. On average, equities research analysts forecast that Rockwell Automation, Inc. will post 13.26 EPS for the current year.

Rockwell Automation Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 10th. Shareholders of record on Monday, November 16th will be issued a dividend of $1.45 per share. This represents a $5.80 annualized dividend and a yield of 1.3%. This is a boost from Rockwell Automation’s previous quarterly dividend of $1.38. The ex-dividend date of this dividend is Monday, November 16th. Rockwell Automation’s payout ratio is currently 51.73%.

Analyst Ratings Changes

A number of research firms have recently commented on ROK. Evercore set a $485.00 target price on Rockwell Automation in a research note on Wednesday, August 5th. Robert W. Baird set a $514.00 price target on shares of Rockwell Automation in a research report on Wednesday, August 5th. Sanford C. Bernstein raised their price objective on shares of Rockwell Automation from $501.00 to $514.00 and gave the stock a “market perform” rating in a report on Friday, August 14th. Morgan Stanley set a $520.00 price objective on shares of Rockwell Automation in a research report on Friday, October 16th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Rockwell Automation from $469.00 to $500.00 and gave the stock a “hold” rating in a research report on Wednesday, September 30th. Nine equities research analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $468.00.

Read Our Latest Stock Analysis on ROK

Insider Buying and Selling at Rockwell Automation

In other Rockwell Automation news, CFO Christian Rothe sold 590 shares of the 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 transaction, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 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, Director Patricia Watson sold 1,100 shares of Rockwell Automation stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of $431.43, for a total transaction of $474,573.00. Following the completion of the transaction, the director owned 6,385 shares of the company’s stock, valued at $2,754,680.55. The trade was a 14.70% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 2,711 shares of company stock worth $1,164,880 over the last ninety days. Company insiders own 0.76% of the company’s stock.

Rockwell Automation Profile

(Free Report)

Rockwell Automation, Inc (NYSE: ROK) is a global provider of industrial automation and digital transformation technologies. The company helps manufacturers and industrial organizations improve productivity, safety, quality and operational efficiency through connected hardware, software and services.

Its product portfolio includes industrial control systems, programmable logic controllers, motor control and sensing equipment, industrial computers, safety products, networking technologies and power-control solutions.

Further Reading

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Institutional Ownership by Quarter for Rockwell Automation (NYSE:ROK)

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