Lombard Odier Asset Management Europe Ltd increased its stake in shares of Rockwell Automation, Inc. (NYSE:ROK – Free Report) by 20.4% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 43,582 shares of the industrial products company’s stock after buying an additional 7,371 shares during the period. Rockwell Automation accounts for about 0.1% of Lombard Odier Asset Management Europe Ltd’s portfolio, making the stock its 29th largest holding. Lombard Odier Asset Management Europe Ltd’s holdings in Rockwell Automation were worth $21,577,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also bought and sold shares of the company. Castle Rock Wealth Management LLC lifted its position in Rockwell Automation by 2.2% during the second quarter. Castle Rock Wealth Management LLC now owns 1,038 shares of the industrial products company’s stock worth $501,000 after acquiring an additional 22 shares during the last quarter. Richards Merrill & Peterson Inc. boosted its holdings in shares of Rockwell Automation by 1.9% during the first quarter. Richards Merrill & Peterson Inc. now owns 1,358 shares of the industrial products company’s stock worth $487,000 after acquiring an additional 25 shares during the period. Cidel Asset Management Inc. grew its position in shares of Rockwell Automation by 4.6% in the first quarter. Cidel Asset Management Inc. now owns 574 shares of the industrial products company’s stock valued at $206,000 after purchasing an additional 25 shares during the last quarter. HBK Sorce Advisory LLC grew its position in shares of Rockwell Automation by 0.7% in the fourth quarter. HBK Sorce Advisory LLC now owns 3,719 shares of the industrial products company’s stock valued at $1,544,000 after purchasing an additional 27 shares during the last quarter. Finally, Johnson Investment Counsel Inc. grew its position in shares of Rockwell Automation by 1.9% in the fourth quarter. Johnson Investment Counsel Inc. now owns 1,412 shares of the industrial products company’s stock valued at $549,000 after purchasing an additional 27 shares during the last quarter. Institutional investors and hedge funds own 75.75% of the company’s stock.
Analysts Set New Price Targets
Several analysts recently weighed in on the company. Evercore set a $485.00 price target on Rockwell Automation in a report on Wednesday, August 5th. Argus upped their price objective on Rockwell Automation from $465.00 to $530.00 and gave the company a “buy” rating in a report on Wednesday, June 24th. Rothschild & Co Redburn increased their price objective on Rockwell Automation from $365.00 to $378.00 in a research report on Wednesday, May 6th. Barclays lifted their target price on Rockwell Automation from $400.00 to $480.00 and gave the stock an “overweight” rating in a report on Wednesday, May 6th. Finally, Wall Street Zen cut shares of Rockwell Automation from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. Nine analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $468.19.
Rockwell Automation Trading Down 0.5%
Shares of NYSE:ROK opened at $430.73 on Friday. The company has a market capitalization of $47.83 billion, a P/E ratio of 40.37, a P/E/G ratio of 2.53 and a beta of 1.54. Rockwell Automation, Inc. has a 1 year low of $332.71 and a 1 year high of $497.36. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.08 and a quick ratio of 0.74. The business’s 50 day simple moving average is $458.33 and its 200 day simple moving average is $427.31.
Rockwell Automation (NYSE:ROK – Get Free Report) last posted its quarterly earnings data on Tuesday, August 4th. The industrial products company reported $3.49 EPS for the quarter, topping analysts’ consensus estimates of $3.38 by $0.11. The firm had revenue of $2.31 billion for the quarter, compared to analyst estimates of $2.24 billion. Rockwell Automation had a return on equity of 39.83% and a net margin of 13.39%.The company’s revenue was up 7.9% on a year-over-year basis. During the same quarter last year, the company earned $2.82 EPS. Rockwell Automation has set its FY 2026 guidance at 13.000-13.300 EPS. On average, research analysts anticipate that Rockwell Automation, Inc. will post 13.21 EPS for the current fiscal year.
Rockwell Automation Dividend Announcement
The business 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 $1.38 dividend. The ex-dividend date is Monday, August 17th. This represents a $5.52 dividend on an annualized basis and a dividend yield of 1.3%. Rockwell Automation’s dividend payout ratio (DPR) is presently 51.73%.
Rockwell Automation announced that its board has authorized a stock repurchase plan 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 purchase up to 2% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s leadership believes its stock is undervalued.
Insider Activity 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 stock was sold at an average price of $460.51, for a total value of $173,612.27. Following the completion of the transaction, the senior vice president owned 4,437 shares of the company’s stock, valued at $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 is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Patricia A. Watson sold 1,100 shares of the company’s stock in a transaction that occurred on Thursday, August 27th. The stock was sold at an average price of $431.43, for a total transaction of $474,573.00. Following the sale, the director directly owned 6,385 shares of the company’s stock, valued at approximately $2,754,680.55. This trade represents a 14.70% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 2,285 shares of company stock valued at $1,003,904 over the last quarter. 0.76% of the stock is owned by corporate insiders.
About Rockwell Automation
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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