Legal & General Group Plc increased its position in shares of Rockwell Automation, Inc. (NYSE:ROK – Free Report) by 4.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 733,710 shares of the industrial products company’s stock after purchasing an additional 29,347 shares during the period. Legal & General Group Plc’s holdings in Rockwell Automation were worth $285,465,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently modified their holdings of the company. First Horizon Corp acquired a new position in shares of Rockwell Automation during the fourth quarter worth $32,000. BOK Financial Private Wealth Inc. acquired a new position in shares of Rockwell Automation during the fourth quarter worth $33,000. Fortitude Family Office LLC grew its stake in shares of Rockwell Automation by 109.5% during the fourth quarter. Fortitude Family Office LLC now owns 88 shares of the industrial products company’s stock worth $34,000 after purchasing an additional 46 shares in the last quarter. Ameriflex Group Inc. grew its stake in shares of Rockwell Automation by 100.0% during the third quarter. Ameriflex Group Inc. now owns 100 shares of the industrial products company’s stock worth $35,000 after purchasing an additional 50 shares in the last quarter. Finally, Dynamic Wealth Strategies LLC grew its stake in shares of Rockwell Automation by 80.7% during the fourth quarter. Dynamic Wealth Strategies LLC now owns 103 shares of the industrial products company’s stock worth $40,000 after purchasing an additional 46 shares in the last quarter. Institutional investors and hedge funds own 75.75% of the company’s stock.
Analyst Ratings Changes
ROK has been the subject of several research analyst reports. Citigroup upped their price objective on shares of Rockwell Automation from $466.00 to $500.00 and gave the company a “buy” rating in a research note on Wednesday, May 6th. Wall Street Zen downgraded shares of Rockwell Automation from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. The Goldman Sachs Group upped their price objective on shares of Rockwell Automation from $448.00 to $487.00 in a research note on Wednesday, May 6th. Morgan Stanley restated an “overweight” rating and issued a $525.00 price objective on shares of Rockwell Automation in a research note on Wednesday, May 6th. Finally, Wells Fargo & Company upped their price objective on shares of Rockwell Automation from $360.00 to $440.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 6th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and ten have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $449.16.
Insiders Place Their Bets
In other news, SVP Matthew W. Fordenwalt sold 600 shares of the company’s stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $449.58, for a total value of $269,748.00. Following the completion of the sale, the senior vice president directly owned 4,437 shares of the company’s stock, valued at approximately $1,994,786.46. This represents a 11.91% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Scott Genereux sold 550 shares of the company’s stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $447.73, for a total transaction of $246,251.50. Following the completion of the sale, the vice president directly owned 2,764 shares of the company’s stock, valued at $1,237,525.72. The trade was a 16.60% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 26,178 shares of company stock valued at $10,997,512. 0.76% of the stock is owned by insiders.
Rockwell Automation Price Performance
Shares of NYSE:ROK opened at $456.45 on Wednesday. The company has a 50-day simple moving average of $403.10 and a 200-day simple moving average of $400.03. Rockwell Automation, Inc. has a one year low of $305.44 and a one year high of $463.48. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.76 and a current ratio of 1.09. The stock has a market capitalization of $50.79 billion, a price-to-earnings ratio of 47.45, a PEG ratio of 2.89 and a beta of 1.56.
Rockwell Automation (NYSE:ROK – Get Free Report) last announced its 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 during the quarter, compared to analysts’ expectations of $2.16 billion. During the same period in the prior year, the company earned $2.45 earnings per share. The business’s revenue was up 11.9% compared to the same quarter last year. Rockwell Automation has set its FY 2026 guidance at 12.500-13.100 EPS. On average, analysts predict that Rockwell Automation, Inc. will post 13.01 EPS for the current year.
Rockwell Automation Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Monday, May 18th will be issued a $1.38 dividend. This represents a $5.52 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Monday, May 18th. Rockwell Automation’s dividend payout ratio is presently 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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