Rockwell Automation, Inc. $ROK Stock Position Boosted by Prospera Financial Services Inc

Prospera Financial Services Inc grew its stake in shares of Rockwell Automation, Inc. (NYSE:ROK) by 4.0% during the second quarter, Holdings Channel reports. The institutional investor owned 4,228 shares of the industrial products company’s stock after acquiring an additional 162 shares during the period. Prospera Financial Services Inc’s holdings in Rockwell Automation were worth $1,405,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Goldman Sachs Group Inc. raised its holdings in Rockwell Automation by 11.8% during the first quarter. Goldman Sachs Group Inc. now owns 1,819,379 shares of the industrial products company’s stock worth $470,091,000 after purchasing an additional 191,370 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Rockwell Automation by 0.6% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,579,956 shares of the industrial products company’s stock worth $408,229,000 after buying an additional 9,920 shares in the last quarter. Invesco Ltd. lifted its holdings in shares of Rockwell Automation by 2.2% in the first quarter. Invesco Ltd. now owns 1,448,160 shares of the industrial products company’s stock valued at $374,176,000 after buying an additional 30,837 shares during the period. Northern Trust Corp boosted its stake in Rockwell Automation by 0.4% during the first quarter. Northern Trust Corp now owns 1,396,303 shares of the industrial products company’s stock valued at $360,777,000 after buying an additional 4,972 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in Rockwell Automation by 1.0% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,170,010 shares of the industrial products company’s stock worth $302,307,000 after acquiring an additional 11,849 shares during the period. 75.75% of the stock is currently owned by institutional investors.

Insider Activity at Rockwell Automation

In other Rockwell Automation news, VP Isaac Woods sold 365 shares of the company’s stock in a transaction that occurred on Friday, August 29th. The shares were sold at an average price of $348.44, for a total value of $127,180.60. Following the transaction, the vice president owned 1,691 shares in the company, valued at approximately $589,212.04. This represents a 17.75% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director James P. Keane sold 3,000 shares of the stock in a transaction that occurred on Tuesday, August 26th. The stock was sold at an average price of $356.06, for a total transaction of $1,068,180.00. Following the completion of the sale, the director owned 9,192 shares of the company’s stock, valued at approximately $3,272,903.52. The trade was a 24.61% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 92,075 shares of company stock worth $34,820,361. Company insiders own 0.68% of the company’s stock.

Rockwell Automation Trading Up 0.2%

NYSE ROK opened at $392.10 on Wednesday. Rockwell Automation, Inc. has a twelve month low of $215.00 and a twelve month high of $396.89. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.72 and a current ratio of 1.06. The stock has a market cap of $44.09 billion, a price-to-earnings ratio of 46.02, a PEG ratio of 3.30 and a beta of 1.45. The firm’s 50 day moving average price is $351.76 and its two-hundred day moving average price is $334.73.

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

Rockwell Automation Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders of record on Monday, November 17th will be given a dividend of $1.38 per share. This represents a $5.52 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date is Monday, November 17th. This is a boost from Rockwell Automation’s previous quarterly dividend of $1.31. Rockwell Automation’s dividend payout ratio is 72.06%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. Stephens reissued an “overweight” rating and issued a $375.00 price target (up from $350.00) on shares of Rockwell Automation in a report on Wednesday, July 16th. Wells Fargo & Company increased their target price on shares of Rockwell Automation from $355.00 to $380.00 and gave the company an “equal weight” rating in a research note on Friday, November 7th. Morgan Stanley lifted their price target on shares of Rockwell Automation from $385.00 to $435.00 and gave the stock an “overweight” rating in a research report on Monday. Wall Street Zen upgraded Rockwell Automation from a “hold” rating to a “buy” rating in a research report on Sunday, September 21st. Finally, Citigroup restated a “buy” rating on shares of Rockwell Automation in a report on Thursday, October 9th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $360.78.

About Rockwell Automation

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.