Sumitomo Mitsui Trust Group Inc. lessened its holdings in shares of Rockwell Automation, Inc. (NYSE:ROK – Free Report) by 0.9% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 1,010,429 shares of the industrial products company’s stock after selling 9,099 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Rockwell Automation were worth $439,870,000 as of its most recent SEC filing.
A number of other institutional investors have also recently made changes to their positions in ROK. BlackRock Inc. purchased a new position in Rockwell Automation during the 2nd quarter worth $6,129,376,000. Legal & General Group Plc purchased a new stake in Rockwell Automation in the second quarter valued at about $394,905,000. Bank of New York Mellon Corp purchased a new stake in Rockwell Automation in the second quarter valued at about $300,589,000. Hsbc Holdings PLC acquired a new stake in Rockwell Automation in the second quarter worth about $233,964,000. Finally, Deutsche Bank AG acquired a new stake in Rockwell Automation in the second quarter worth about $210,342,000. Institutional investors and hedge funds own 75.75% of the company’s stock.
Rockwell Automation Stock Down 3.5%
Shares of ROK stock opened at $435.64 on Friday. Rockwell Automation, Inc. has a twelve month low of $347.53 and a twelve month high of $497.36. The stock has a market cap of $48.38 billion, a P/E ratio of 40.83, a P/E/G ratio of 2.07 and a beta of 1.51. The stock has a 50 day moving average of $430.91 and a 200 day moving average of $427.26. 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, topping analysts’ consensus estimates of $3.38 by $0.11. Rockwell Automation had a net margin of 13.39% and a return on equity of 39.83%. The business had revenue of $2.31 billion during the quarter, compared to the consensus estimate of $2.24 billion. During the same quarter in the prior year, the firm posted $2.82 earnings per share. The company’s revenue was up 7.9% compared to the same quarter last year. Rockwell Automation has set its FY 2026 guidance at 13.000-13.300 EPS. As a group, sell-side analysts expect that Rockwell Automation, Inc. will post 13.26 EPS for the current year.
Analyst Ratings Changes
A number of equities research analysts have recently weighed in on ROK shares. Evercore set a $485.00 price target on Rockwell Automation in a research note on Wednesday, August 5th. Sanford C. Bernstein increased their price objective on shares of Rockwell Automation from $501.00 to $514.00 and gave the company a “market perform” rating in a research report on Friday, August 14th. Morgan Stanley set a $520.00 target price on shares of Rockwell Automation in a research note on Friday, October 16th. The Goldman Sachs Group dropped their target price on shares of Rockwell Automation from $510.00 to $485.00 and set a “neutral” rating on the stock in a research report on Wednesday, September 30th. Finally, Mizuho dropped their target price on shares of Rockwell Automation from $445.00 to $430.00 and set a “neutral” rating on the stock in a research report on Thursday, October 15th. Nine investment analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the stock. According to MarketBeat, Rockwell Automation has a consensus rating of “Hold” and a consensus target price of $468.00.
Get Our Latest Stock Report on Rockwell Automation
Insiders Place Their Bets
In related news, Director Patricia Watson sold 1,100 shares of the company’s stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of $431.43, for a total value of $474,573.00. Following the completion of the transaction, the director owned 6,385 shares of the company’s stock, valued at approximately $2,754,680.55. This represents a 14.70% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Isaac Woods sold 154 shares of the stock in a transaction that occurred on Tuesday, September 8th. The stock was sold at an average price of $432.62, for a total value of $66,623.48. Following the transaction, the vice president owned 1,858 shares in the company, valued at $803,807.96. This represents a 7.65% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last quarter, insiders sold 2,711 shares of company stock worth $1,164,880. 0.76% of the stock is owned by company insiders.
Rockwell Automation Company Profile
Rockwell Automation, Inc (NYSE: ROK) is a global provider of industrial automation and digital transformation technologies. The company helps manufacturers and industrial organizations improve productivity, safety, quality and operational efficiency through connected hardware, software and services.
Its product portfolio includes industrial control systems, programmable logic controllers, motor control and sensing equipment, industrial computers, safety products, networking technologies and power-control solutions.
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