Nippon Life Global Investors Americas Inc. grew its stake in shares of Rockwell Automation, Inc. (NYSE:ROK – Free Report) by 638.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 66,200 shares of the industrial products company’s stock after acquiring an additional 57,240 shares during the period. Rockwell Automation comprises about 1.1% of Nippon Life Global Investors Americas Inc.’s holdings, making the stock its 29th biggest position. Nippon Life Global Investors Americas Inc. owned about 0.06% of Rockwell Automation worth $28,819,000 at the end of the most recent reporting period.
Several other institutional investors have also modified their holdings of ROK. BlackRock Inc. acquired a new position in Rockwell Automation during the second quarter worth $6,129,376,000. Legal & General Group Plc purchased a new stake in Rockwell Automation during the second quarter worth $394,905,000. Bank of New York Mellon Corp acquired a new stake in Rockwell Automation in the second quarter valued at $300,589,000. Hsbc Holdings PLC acquired a new stake in Rockwell Automation in the second quarter valued at $233,964,000. Finally, Deutsche Bank AG acquired a new stake in Rockwell Automation in the second quarter valued at $210,342,000. Hedge funds and other institutional investors own 75.75% of the company’s stock.
Rockwell Automation Stock Performance
Rockwell Automation stock opened at $435.64 on Monday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.74 and a current ratio of 1.08. The stock has a fifty day moving average of $430.91 and a two-hundred day moving average of $427.26. The company has a market capitalization of $48.38 billion, a price-to-earnings ratio of 40.83, a PEG ratio of 2.07 and a beta of 1.51. Rockwell Automation, Inc. has a fifty-two week low of $347.53 and a fifty-two week high of $497.36.
Rockwell Automation (NYSE:ROK – Get Free Report) last released its quarterly earnings results 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 return on equity of 39.83% and a net margin of 13.39%. The company had revenue of $2.31 billion during the quarter, compared to analysts’ expectations of $2.24 billion. During the same period in the previous year, the firm posted $2.82 earnings per share. The business’s revenue for the quarter 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. On average, analysts anticipate that Rockwell Automation, Inc. will post 13.26 EPS for the current fiscal year.
Rockwell Automation Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 10th. Investors of record on Monday, November 16th will be paid a $1.45 dividend. This represents a $5.80 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend is Monday, November 16th. This is a positive change from Rockwell Automation’s previous quarterly dividend of $1.38. Rockwell Automation’s dividend payout ratio is presently 51.73%.
Wall Street Analyst Weigh In
A number of research analysts have recently weighed in on ROK shares. Deutsche Bank Aktiengesellschaft raised their price target on Rockwell Automation from $469.00 to $500.00 and gave the company a “hold” rating in a research report on Wednesday, September 30th. Robert W. Baird set a $514.00 price objective on shares of Rockwell Automation in a research report on Wednesday, August 5th. Wells Fargo & Company started coverage on shares of Rockwell Automation in a research report on Thursday, September 24th. They issued an “equal weight” rating and a $426.00 price objective on the stock. DA Davidson lowered their price objective on shares of Rockwell Automation from $500.00 to $490.00 and set a “neutral” rating on the stock in a research note on Friday, August 21st. Finally, Morgan Stanley set a $520.00 target price on shares of Rockwell Automation in a report on Friday, October 16th. Nine analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $468.00.
Check Out Our Latest Stock Analysis on Rockwell Automation
Insider Activity
In related news, SVP Matheus Bulho sold 467 shares of the business’s stock in a transaction dated Monday, August 31st. The shares were sold at an average price of $426.96, for a total value of $199,390.32. Following the completion of the transaction, the senior vice president owned 1,267 shares of the company’s stock, valued at approximately $540,958.32. The trade was a 26.93% decrease in their position. The sale 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. Also, Director Patricia Watson sold 1,100 shares of the company’s stock in a transaction dated Thursday, August 27th. The shares were sold at an average price of $431.43, for a total transaction of $474,573.00. Following the completion of the transaction, the director owned 6,385 shares in the company, valued at approximately $2,754,680.55. This trade represents a 14.70% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 2,711 shares of company stock worth $1,164,880. Company insiders own 0.76% of the company’s stock.
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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