716 Shares in Rockwell Automation, Inc. $ROK Purchased by Washington Trust Bank

Washington Trust Bank purchased a new stake in shares of Rockwell Automation, Inc. (NYSE:ROK) in the second quarter, according to the company in its most recent filing with the SEC. The fund purchased 716 shares of the industrial products company’s stock, valued at approximately $238,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Howe & Rusling Inc. boosted its position in shares of Rockwell Automation by 4.9% during the first quarter. Howe & Rusling Inc. now owns 794 shares of the industrial products company’s stock valued at $205,000 after buying an additional 37 shares during the last quarter. IFP Advisors Inc raised its position in Rockwell Automation by 2.7% in the 2nd quarter. IFP Advisors Inc now owns 1,427 shares of the industrial products company’s stock valued at $476,000 after buying an additional 37 shares during the last quarter. Bank of Jackson Hole Trust boosted its holdings in Rockwell Automation by 34.2% during the 2nd quarter. Bank of Jackson Hole Trust now owns 161 shares of the industrial products company’s stock worth $53,000 after acquiring an additional 41 shares during the last quarter. Wealthfront Advisers LLC grew its stake in shares of Rockwell Automation by 0.6% in the 1st quarter. Wealthfront Advisers LLC now owns 7,708 shares of the industrial products company’s stock worth $1,992,000 after acquiring an additional 43 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. raised its holdings in shares of Rockwell Automation by 7.9% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 631 shares of the industrial products company’s stock valued at $163,000 after purchasing an additional 46 shares during the last quarter. 75.75% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on ROK. Wall Street Zen upgraded shares of Rockwell Automation from a “hold” rating to a “buy” rating in a report on Sunday, September 21st. Citigroup restated a “buy” rating on shares of Rockwell Automation in a research note on Thursday, October 9th. Bank of America raised Rockwell Automation from a “neutral” rating to a “buy” rating and increased their price target for the company from $360.00 to $410.00 in a research report on Wednesday, July 16th. Barclays raised their target price on Rockwell Automation from $357.00 to $370.00 and gave the company an “overweight” rating in a research report on Thursday, August 14th. Finally, Oppenheimer reiterated an “outperform” rating on shares of Rockwell Automation in a research note on Friday. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $347.94.

Rockwell Automation Trading Up 2.9%

Shares of ROK stock opened at $373.20 on Friday. The company’s fifty day simple moving average is $349.11 and its two-hundred day simple moving average is $330.36. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.06 and a quick ratio of 0.72. Rockwell Automation, Inc. has a 1 year low of $215.00 and a 1 year high of $396.89. The stock has a market capitalization of $41.96 billion, a price-to-earnings ratio of 43.80, a PEG ratio of 3.30 and a beta of 1.45.

Rockwell Automation (NYSE:ROK) last announced its quarterly earnings results on Thursday, November 6th. The industrial products company reported $3.34 earnings per share for the quarter, beating the consensus estimate of $2.94 by $0.40. The company had revenue of $2.32 billion during the quarter, compared to analysts’ expectations of $2.19 billion. Rockwell Automation had a return on equity of 30.14% and a net margin of 12.03%.The firm’s quarterly revenue was up 13.8% compared to the same quarter last year. During the same period in the previous year, the business earned $2.47 earnings per share. Rockwell Automation has set its FY 2026 guidance at 11.200-12.200 EPS. As a group, analysts anticipate that Rockwell Automation, Inc. will post 9.35 earnings per share for the current year.

Rockwell Automation Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Monday, November 17th will be given a $1.38 dividend. This represents a $5.52 dividend on an annualized basis and a dividend yield of 1.5%. This is an increase from Rockwell Automation’s previous quarterly dividend of $1.31. The ex-dividend date is Monday, November 17th. Rockwell Automation’s dividend payout ratio (DPR) is 64.79%.

Insider Activity at Rockwell Automation

In related news, SVP Cyril Perducat sold 1,435 shares of the company’s stock in a transaction that occurred on Friday, August 29th. The shares were sold at an average price of $348.08, for a total transaction of $499,494.80. Following the sale, the senior vice president owned 3,787 shares of the company’s stock, valued at approximately $1,318,178.96. This represents a 27.48% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Matheus De A. G. Viera Bulho sold 822 shares of the stock in a transaction that occurred on Wednesday, October 29th. The stock was sold at an average price of $365.00, for a total transaction of $300,030.00. Following the completion of the sale, the senior vice president owned 983 shares in the company, valued at $358,795. This represents a 45.54% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 30,375 shares of company stock valued at $10,661,109 in the last quarter. 0.68% of the stock is currently owned by company insiders.

Rockwell Automation Profile

Rockwell Automation, Inc provides industrial automation and digital transformation solutions in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. The company operates through three segments, Intelligent Devices, Software & Control, and Lifecycle Services. Its solutions include hardware and software products and services.