11,298 Shares in Rockwell Automation, Inc. $ROK Bought by OP Asset Management Ltd

OP Asset Management Ltd acquired a new stake in shares of Rockwell Automation, Inc. (NYSE:ROKFree Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 11,298 shares of the industrial products company’s stock, valued at approximately $4,055,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ROK. MV Capital Management Inc. acquired a new position in Rockwell Automation in the 4th quarter worth about $28,000. Manchester Capital Management LLC lifted its holdings in shares of Rockwell Automation by 97.5% during the 4th quarter. Manchester Capital Management LLC now owns 79 shares of the industrial products company’s stock valued at $31,000 after buying an additional 39 shares during the last quarter. First Horizon Corp bought a new stake in shares of Rockwell Automation in the 4th quarter valued at approximately $32,000. BOK Financial Private Wealth Inc. bought a new stake in shares of Rockwell Automation in the 4th quarter valued at approximately $33,000. Finally, TD Capital Management LLC acquired a new position in Rockwell Automation in the fourth quarter worth approximately $33,000. Hedge funds and other institutional investors own 75.75% of the company’s stock.

Rockwell Automation Stock Down 0.7%

Shares of Rockwell Automation stock opened at $476.19 on Friday. Rockwell Automation, Inc. has a 12-month low of $305.44 and a 12-month high of $486.47. The company has a quick ratio of 0.76, a current ratio of 1.09 and a debt-to-equity ratio of 0.72. The stock has a 50 day moving average price of $445.15 and a two-hundred day moving average price of $412.11. The stock has a market capitalization of $52.99 billion, a P/E ratio of 49.50, a PEG ratio of 3.06 and a beta of 1.57.

Rockwell Automation (NYSE:ROKGet Free Report) last released 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 company had revenue of $2.24 billion for the quarter, compared to analyst estimates of $2.16 billion. During the same quarter last year, the firm posted $2.45 earnings per share. The company’s quarterly 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. Equities analysts expect that Rockwell Automation, Inc. will post 13.02 earnings per share for the current year.

Rockwell Automation Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Monday, August 17th will be issued a $1.38 dividend. This represents a $5.52 annualized dividend and a yield of 1.2%. The ex-dividend date is Monday, August 17th. Rockwell Automation’s dividend payout ratio (DPR) is 57.38%.

Rockwell Automation declared that its Board of Directors has approved a stock buyback program on Tuesday, June 9th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the industrial products company to repurchase up to 2% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s leadership believes its stock is undervalued.

Trending Headlines about Rockwell Automation

Here are the key news stories impacting Rockwell Automation this week:

Wall Street Analysts Forecast Growth

ROK has been the topic of several recent research reports. TD Cowen raised their price objective on shares of Rockwell Automation from $350.00 to $400.00 and gave the company a “hold” rating in a research report on Wednesday, May 13th. Wells Fargo & Company increased their price target on shares of Rockwell Automation from $360.00 to $440.00 and gave the stock an “equal weight” rating in a research note on Wednesday, May 6th. HSBC raised their price target on shares of Rockwell Automation from $445.00 to $490.00 in a report on Wednesday, May 6th. Wall Street Zen lowered shares of Rockwell Automation from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. Finally, Barclays upped their price objective on shares of Rockwell Automation from $400.00 to $480.00 and gave the stock an “overweight” rating in a report on Wednesday, May 6th. Ten investment analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $457.50.

View Our Latest Analysis on Rockwell Automation

Insider Transactions at Rockwell Automation

In other news, VP Terry L. Riesterer sold 4,024 shares of the firm’s stock in a transaction dated Thursday, May 7th. The stock was sold at an average price of $451.97, for a total value of $1,818,727.28. Following the sale, the vice president directly owned 134 shares of the company’s stock, valued at approximately $60,563.98. This trade represents a 96.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP John M. Miller sold 1,054 shares of Rockwell Automation stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $426.02, for a total value of $449,025.08. Following the completion of the transaction, the vice president owned 5,615 shares in the company, valued at $2,392,102.30. The trade was a 15.80% 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. Over the last ninety days, insiders have sold 12,308 shares of company stock worth $5,339,812. Corporate insiders own 0.76% of the company’s stock.

About Rockwell Automation

(Free Report)

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

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