Raiffeisen Bank International AG lowered its position in Rockwell Automation, Inc. (NYSE:ROK – Free Report) by 8.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 104,038 shares of the industrial products company’s stock after selling 9,751 shares during the quarter. Raiffeisen Bank International AG’s holdings in Rockwell Automation were worth $50,181,000 at the end of the most recent reporting period.
A number of other large investors have also recently made changes to their positions in the company. Virtus Advisers LLC bought a new position in Rockwell Automation during the 2nd quarter valued at about $25,000. MV Capital Management Inc. purchased a new position in shares of Rockwell Automation during the fourth quarter valued at approximately $28,000. Manchester Capital Management LLC boosted 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 valued at $31,000 after buying an additional 39 shares during the period. Cassaday & Co Wealth Management LLC bought a new position in shares of Rockwell Automation during the first quarter valued at approximately $31,000. Finally, BOK Financial Private Wealth Inc. purchased a new stake in shares of Rockwell Automation in the fourth quarter worth approximately $33,000. 75.75% of the stock is owned by hedge funds and other institutional investors.
Insider Buying and Selling at Rockwell Automation
In other news, CFO Christian Rothe sold 590 shares of the business’s stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $434.30, for a total value of $256,237.00. Following the completion of the sale, the chief financial officer owned 10,429 shares in the company, valued at approximately $4,529,314.70. The trade was a 5.35% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, SVP Matheus Bulho sold 467 shares of the company’s stock in a transaction that occurred on Monday, August 31st. The stock was sold at an average price of $426.96, for a total transaction of $199,390.32. Following the completion of the sale, the senior vice president directly owned 1,267 shares of the company’s stock, valued at $540,958.32. The trade was a 26.93% 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. In the last quarter, insiders have sold 2,557 shares of company stock valued at $1,098,256. Company insiders own 0.76% of the company’s stock.
Rockwell Automation Trading Up 0.8%
Rockwell Automation (NYSE:ROK – Get Free Report) last posted its quarterly earnings results on Tuesday, August 4th. The industrial products company reported $3.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.38 by $0.11. The business had revenue of $2.31 billion for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.82 EPS. Rockwell Automation has set its FY 2026 guidance at 13.000-13.300 EPS. Analysts expect that Rockwell Automation, Inc. will post 13.22 earnings per share for the current fiscal year.
Rockwell Automation declared that its board has approved a stock buyback program on Tuesday, June 9th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the industrial products company to repurchase up to 2% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s management believes its stock is undervalued.
Rockwell Automation Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Monday, August 17th will be issued a dividend of $1.38 per share. This represents a $5.52 annualized dividend and a yield of 1.3%. The ex-dividend date is Monday, August 17th. Rockwell Automation’s dividend payout ratio is presently 51.73%.
Wall Street Analyst Weigh In
A number of brokerages recently issued reports on ROK. Robert W. Baird set a $514.00 price target on Rockwell Automation in a research note on Wednesday, August 5th. Evercore set a $485.00 target price on Rockwell Automation in a research note on Wednesday, August 5th. DA Davidson decreased their target price on Rockwell Automation from $500.00 to $490.00 and set a “neutral” rating for the company in a research report on Friday, August 21st. Argus boosted their target price on shares of Rockwell Automation from $465.00 to $530.00 and gave the company a “buy” rating in a research note on Wednesday, June 24th. Finally, TD Cowen upped their price target on shares of Rockwell Automation from $350.00 to $400.00 and gave the stock a “hold” rating in a report on Wednesday, May 13th. Nine research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $469.14.
View Our Latest Report on Rockwell Automation
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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