DJE Kapital AG Buys New Position in Rockwell Automation, Inc. $ROK

DJE Kapital AG purchased a new position in shares of Rockwell Automation, Inc. (NYSE:ROKFree Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 73,091 shares of the industrial products company’s stock, valued at approximately $26,054,000.

Other institutional investors also recently added to or reduced their stakes in the company. MV Capital Management Inc. purchased a new stake in Rockwell Automation in the fourth quarter valued at approximately $28,000. Manchester Capital Management LLC grew its position in shares of Rockwell Automation by 97.5% during the fourth quarter. Manchester Capital Management LLC now owns 79 shares of the industrial products company’s stock worth $31,000 after acquiring an additional 39 shares during the last quarter. Cassaday & Co Wealth Management LLC purchased a new position in shares of Rockwell Automation during the first quarter worth approximately $31,000. First Horizon Corp acquired a new position in shares of Rockwell Automation in the 4th quarter valued at $32,000. Finally, BOK Financial Private Wealth Inc. purchased a new stake in Rockwell Automation in the 4th quarter valued at $33,000. Institutional investors and hedge funds own 75.75% of the company’s stock.

Rockwell Automation Trading Down 0.6%

Shares of ROK stock opened at $459.11 on Tuesday. The business’s fifty day moving average price is $461.32 and its 200 day moving average price is $420.30. The firm has a market capitalization of $51.09 billion, a PE ratio of 47.72, a P/E/G ratio of 2.94 and a beta of 1.54. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.09 and a quick ratio of 0.76. Rockwell Automation, Inc. has a 1-year low of $305.44 and a 1-year high of $497.36.

Rockwell Automation (NYSE:ROKGet Free Report) last released 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. The company had revenue of $2.24 billion during the quarter, compared to the consensus estimate of $2.16 billion. Rockwell Automation had a return on equity of 37.54% and a net margin of 12.36%.Rockwell Automation’s quarterly revenue was up 11.9% compared to the same quarter last year. During the same quarter last year, the company earned $2.45 earnings per share. Rockwell Automation has set its FY 2026 guidance at 12.500-13.100 EPS. As a group, sell-side analysts forecast that Rockwell Automation, Inc. will post 13.06 EPS for the current fiscal year.

Rockwell Automation Dividend Announcement

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

Rockwell Automation announced that its board has authorized a stock buyback plan on Tuesday, June 9th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the industrial products company to reacquire up to 2% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s board believes its shares are undervalued.

Analyst Ratings Changes

A number of brokerages recently weighed in on ROK. DA Davidson began coverage on shares of Rockwell Automation in a research note on Tuesday, June 16th. They set a “neutral” rating and a $500.00 price target for the company. Mizuho set a $445.00 price objective on shares of Rockwell Automation in a research note on Wednesday, May 6th. TD Cowen upped their target price on shares of Rockwell Automation from $350.00 to $400.00 and gave the company a “hold” rating in a report on Wednesday, May 13th. The Goldman Sachs Group increased their target price on shares of Rockwell Automation from $448.00 to $487.00 in a research note on Wednesday, May 6th. Finally, Morgan Stanley reissued an “overweight” rating and set a $525.00 price target on shares of Rockwell Automation in a report on Wednesday, May 6th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and eleven have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $469.33.

Get Our Latest Report on Rockwell Automation

Insider Activity at Rockwell Automation

In other news, VP Scott Genereux sold 550 shares of the business’s stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $447.73, for a total transaction of $246,251.50. Following the sale, the vice president owned 2,764 shares of the company’s stock, valued at $1,237,525.72. The trade was a 16.60% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Matthew W. Fordenwalt sold 600 shares of the company’s stock in a transaction that occurred on Tuesday, May 5th. The stock was 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 owned 4,437 shares in the company, valued at approximately $1,994,786.46. This represents a 11.91% decrease in their position. 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. Insiders sold a total of 9,361 shares of company stock valued at $4,189,886 in the last ninety days. Company 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.

See Also

Want to see what other hedge funds are holding ROK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Rockwell Automation, Inc. (NYSE:ROKFree Report).

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

Receive News & Ratings for Rockwell Automation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rockwell Automation and related companies with MarketBeat.com's FREE daily email newsletter.