Thrivent Financial for Lutherans reduced its stake in Rockwell Automation, Inc. (NYSE:ROK – Free Report) by 20.5% during the 4th quarter, HoldingsChannel reports. The fund owned 355,809 shares of the industrial products company’s stock after selling 91,826 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Rockwell Automation were worth $138,434,000 as of its most recent SEC filing.
Other institutional investors have also added to or reduced their stakes in the company. Lansforsakringar Fondforvaltning AB publ lifted its position in Rockwell Automation by 7.1% in the 3rd quarter. Lansforsakringar Fondforvaltning AB publ now owns 61,834 shares of the industrial products company’s stock valued at $21,613,000 after acquiring an additional 4,086 shares in the last quarter. Oak Thistle LLC acquired a new position in shares of Rockwell Automation during the 4th quarter worth about $1,556,000. Bessemer Group Inc. boosted its stake in shares of Rockwell Automation by 180.5% during the 3rd quarter. Bessemer Group Inc. now owns 5,842 shares of the industrial products company’s stock worth $2,042,000 after buying an additional 3,759 shares during the last quarter. Nordea Investment Management AB boosted its stake in shares of Rockwell Automation by 20.7% during the 4th quarter. Nordea Investment Management AB now owns 744,814 shares of the industrial products company’s stock worth $291,073,000 after buying an additional 127,733 shares during the last quarter. Finally, SG Americas Securities LLC boosted its stake in shares of Rockwell Automation by 911.0% during the 4th quarter. SG Americas Securities LLC now owns 91,808 shares of the industrial products company’s stock worth $35,720,000 after buying an additional 82,727 shares during the last quarter. 75.75% of the stock is owned by institutional investors.
Insiders Place Their Bets
In related news, SVP Tessa M. Myers sold 1,985 shares of the company’s stock in a transaction dated Wednesday, February 25th. The shares were sold at an average price of $409.37, for a total value of $812,599.45. Following the transaction, the senior vice president owned 4,036 shares in the company, valued at approximately $1,652,217.32. This represents a 32.97% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Scott Genereux sold 17,407 shares of the company’s stock in a transaction dated Wednesday, February 25th. The shares were sold at an average price of $404.61, for a total transaction of $7,043,046.27. Following the completion of the transaction, the vice president owned 3,314 shares in the company, valued at approximately $1,340,877.54. This trade represents a 84.01% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 59,087 shares of company stock worth $24,296,483 in the last 90 days. Corporate insiders own 0.76% of the company’s stock.
Wall Street Analyst Weigh In
Get Our Latest Report on Rockwell Automation
Rockwell Automation Stock Up 0.2%
Shares of ROK opened at $455.82 on Friday. Rockwell Automation, Inc. has a 52 week low of $298.70 and a 52 week high of $463.48. The firm has a market cap of $50.72 billion, a P/E ratio of 47.38, a price-to-earnings-growth ratio of 2.93 and a beta of 1.56. The firm’s 50-day simple moving average is $391.61 and its 200 day simple moving average is $395.57. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.76 and a current ratio of 1.09.
Rockwell Automation (NYSE:ROK – Get Free Report) last announced its quarterly earnings results on Tuesday, May 5th. The industrial products company reported $3.30 EPS for the quarter, beating analysts’ consensus estimates of $2.88 by $0.42. Rockwell Automation had a net margin of 12.36% and a return on equity of 37.54%. The business had revenue of $2.24 billion for the quarter, compared to analyst estimates of $2.16 billion. During the same quarter in the prior year, the business earned $2.45 EPS. Rockwell Automation’s quarterly revenue was up 11.9% on a year-over-year basis. Rockwell Automation has set its FY 2026 guidance at 12.500-13.100 EPS. On average, analysts forecast that Rockwell Automation, Inc. will post 12.93 earnings per share for the current year.
Rockwell Automation Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Monday, May 18th will be paid a $1.38 dividend. The ex-dividend date is Monday, May 18th. This represents a $5.52 dividend on an annualized basis and a yield of 1.2%. Rockwell Automation’s dividend payout ratio is 57.38%.
Rockwell Automation Profile
Rockwell Automation is a global industrial automation and digital transformation company headquartered in Milwaukee, Wisconsin. The firm designs, manufactures and supports control systems, industrial control hardware and software, and related services that help manufacturers and industrial operators automate processes, improve productivity and enable data-driven decision making. Rockwell traces its heritage to the Allen-Bradley and Rockwell automation businesses and positions itself as a provider of integrated automation solutions across discrete and process industries.
The company’s product portfolio includes programmable logic controllers (PLCs), human-machine interfaces (HMIs), variable frequency drives, sensors, safety components and other industrial control hardware, often marketed under the Allen-Bradley brand.
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