HBK Sorce Advisory LLC purchased a new position in Rockwell Automation, Inc. (NYSE:ROK – Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,965 shares of the industrial products company’s stock, valued at approximately $1,784,000.
A number of other hedge funds have also recently added to or reduced their stakes in the company. MV Capital Management Inc. bought a new stake in shares of Rockwell Automation during the fourth quarter valued at approximately $28,000. Manchester Capital Management LLC lifted its holdings in shares of Rockwell Automation by 97.5% in the 4th quarter. Manchester Capital Management LLC now owns 79 shares of the industrial products company’s stock worth $31,000 after purchasing an additional 39 shares in the last quarter. Cassaday & Co Wealth Management LLC bought a new position in shares of Rockwell Automation in the 1st quarter worth $31,000. First Horizon Corp acquired a new stake in Rockwell Automation in the 4th quarter valued at $32,000. Finally, BOK Financial Private Wealth Inc. acquired 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.
Analyst Ratings Changes
Several research firms have weighed in on ROK. Mizuho set a $445.00 price objective on shares of Rockwell Automation in a report on Wednesday, May 6th. The Goldman Sachs Group lifted their price objective on shares of Rockwell Automation from $448.00 to $487.00 in a report on Wednesday, May 6th. KeyCorp boosted their target price on shares of Rockwell Automation from $470.00 to $510.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 6th. Evercore set a $485.00 target price on shares of Rockwell Automation in a report on Wednesday, August 5th. Finally, Argus upped their target price on shares of Rockwell Automation from $465.00 to $530.00 and gave the stock a “buy” rating in a report on Wednesday, June 24th. Nine research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $468.67.
Rockwell Automation Trading Down 0.0%
Shares of Rockwell Automation stock opened at $449.33 on Monday. The company has a market capitalization of $49.90 billion, a P/E ratio of 42.11, a price-to-earnings-growth ratio of 2.62 and a beta of 1.54. The stock has a fifty day simple moving average of $463.72 and a 200 day simple moving average of $426.49. Rockwell Automation, Inc. has a 12-month low of $332.71 and a 12-month high of $497.36. The company has a current ratio of 1.08, a quick ratio of 0.74 and a debt-to-equity ratio of 0.74.
Rockwell Automation (NYSE:ROK – Get Free Report) last issued its quarterly earnings data on Tuesday, August 4th. The industrial products company reported $3.49 earnings per share for the quarter, beating the consensus estimate of $3.38 by $0.11. The business had revenue of $2.31 billion for the quarter, compared to analysts’ expectations of $2.24 billion. Rockwell Automation had a return on equity of 39.83% and a net margin of 13.39%.The business’s revenue was up 7.9% on a year-over-year basis. During the same period last year, the business earned $2.82 EPS. Rockwell Automation has set its FY 2026 guidance at 13.000-13.300 EPS. On average, sell-side analysts anticipate that Rockwell Automation, Inc. will post 13.22 earnings per share for the current fiscal year.
Rockwell Automation Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Monday, August 17th will be given a dividend of $1.38 per share. 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, August 17th. Rockwell Automation’s dividend payout ratio (DPR) is presently 51.73%.
Rockwell Automation declared that its board has initiated a stock repurchase plan on Tuesday, June 9th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the industrial products company to repurchase up to 2% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s leadership believes its stock is undervalued.
Insider Transactions at Rockwell Automation
In related news, SVP Matthew W. Fordenwalt sold 377 shares of the business’s stock in a transaction dated Thursday, June 4th. The shares were sold at an average price of $460.51, for a total transaction of $173,612.27. Following the transaction, the senior vice president directly owned 4,437 shares in the company, valued at approximately $2,043,282.87. The trade was a 7.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP John M. Miller sold 1,054 shares of the business’s stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $426.02, for a total transaction of $449,025.08. Following the transaction, the vice president owned 5,615 shares in the company, valued at approximately $2,392,102.30. This trade represents a 15.80% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 1,649 shares of company stock worth $722,119 over the last three months. 0.76% of the stock is owned by insiders.
Rockwell Automation Company 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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