Eurizon Capital SGR S.p.A. lessened its stake in shares of Rockwell Automation, Inc. (NYSE:ROK - Free Report) by 84.1% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 59,907 shares of the industrial products company's stock after selling 317,754 shares during the quarter. Eurizon Capital SGR S.p.A. owned about 0.05% of Rockwell Automation worth $26,057,000 as of its most recent filing with the SEC.
Other hedge funds have also made changes to their positions in the company. R Squared Ltd bought a new stake in Rockwell Automation during the 3rd quarter valued at approximately $313,000. Maryland State Retirement & Pension System grew its holdings in Rockwell Automation by 11.2% in the 3rd quarter. Maryland State Retirement & Pension System now owns 6,775 shares of the industrial products company's stock valued at $2,949,000 after buying an additional 685 shares during the last quarter. Cabot Wealth Management Inc. grew its holdings in Rockwell Automation by 1.7% in the 3rd quarter. Cabot Wealth Management Inc. now owns 47,408 shares of the industrial products company's stock valued at $20,638,000 after buying an additional 797 shares during the last quarter. Ritholtz Wealth Management increased its position in Rockwell Automation by 408.5% in the 3rd quarter. Ritholtz Wealth Management now owns 5,955 shares of the industrial products company's stock worth $2,592,000 after buying an additional 4,784 shares during the period. Finally, Jefferies Financial Group Inc. increased its position in Rockwell Automation by 130.3% in the 3rd quarter. Jefferies Financial Group Inc. now owns 17,010 shares of the industrial products company's stock worth $7,405,000 after buying an additional 9,625 shares during the period. Institutional investors and hedge funds own 75.75% of the company's stock.
Analyst Ratings Changes
A number of brokerages have recently commented on ROK. Citigroup cut their price target on Rockwell Automation from $536.00 to $504.00 and set a "buy" rating for the company in a report on Friday, November 6th. Robert W. Baird set a $514.00 price objective on shares of Rockwell Automation in a research note on Wednesday, August 5th. Sanford C. Bernstein boosted their target price on shares of Rockwell Automation from $501.00 to $514.00 and gave the stock 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. Finally, Weiss Ratings raised shares of Rockwell Automation from a "buy (b-)" rating to a "buy (b)" rating in a report on Monday, October 26th. Nine research analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $471.33.
View Our Latest Stock Report on Rockwell Automation
Rockwell Automation Stock Down 0.4%
ROK stock opened at $402.53 on Friday. Rockwell Automation, Inc. has a twelve month low of $347.53 and a twelve month high of $497.36. The company has a market cap of $44.70 billion, a PE ratio of 30.12, a price-to-earnings-growth ratio of 2.83 and a beta of 1.51. The business's 50-day simple moving average is $426.86 and its 200 day simple moving average is $426.80. The company has a quick ratio of 1.35, a current ratio of 2.11 and a debt-to-equity ratio of 0.72.
Rockwell Automation (NYSE:ROK - Get Free Report) last posted its quarterly earnings results on Thursday, November 5th. The industrial products company reported $3.88 EPS for the quarter, beating the consensus estimate of $3.69 by $0.19. Rockwell Automation had a return on equity of 41.79% and a net margin of 15.68%. The firm had revenue of $2.33 billion during the quarter, compared to analysts' expectations of $2.41 billion. During the same quarter in the prior year, the firm posted $3.34 EPS. The company's revenue for the quarter was up .7% on a year-over-year basis. Rockwell Automation has set its FY 2027 guidance at 14.500-15.500 EPS. On average, research analysts anticipate that Rockwell Automation, Inc. will post 14.95 earnings per share for the current 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 given a $1.45 dividend. This represents a $5.80 annualized dividend and a yield of 1.4%. This is an increase from Rockwell Automation's previous quarterly dividend of $1.38. The ex-dividend date of this dividend is Monday, November 16th. Rockwell Automation's dividend payout ratio (DPR) is 43.98%.
Insider Transactions at Rockwell Automation
In other Rockwell Automation news, CEO Blake D. Moret acquired 4,000 shares of the company's stock in a transaction dated Monday, November 9th. The stock was bought at an average price of $386.36 per share, for a total transaction of $1,545,440.00. Following the purchase, the chief executive officer owned 99,285 shares in the company, valued at $38,359,752.60. This represents a 4.20% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, SVP Matheus De A. G. Viera Bulho sold 467 shares of the firm's stock in a transaction dated Monday, August 31st. The stock was sold at an average price of $426.96, for a total transaction of $199,390.32. Following the transaction, 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 ownership of the stock. 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. Insiders sold 3,211 shares of company stock valued at $1,366,185 over the last 90 days. Corporate insiders own 0.76% of the company's stock.
Recent Rockwell Automation Headlines
Investors following ROK have been watching these headlines:
- Positive Sentiment: Rockwell introduced LogixEdge, an industrial PC-based controller combining Logix control, edge computing and containerized applications. The platform is designed to simplify factory systems and support software-defined automation, creating a new product opportunity, though financial impact is not yet known. Article: Rockwell Automation Introduces LogixEdge Controllers
- Positive Sentiment: Technology partner Laminar will bring real-time fluid monitoring capabilities to Rockwell customers, with a focus on improving manufacturers’ cleaning and product-changeover processes. The collaboration may strengthen Rockwell’s automation offering and help customers improve efficiency and resource use. Article: Laminar Joins Rockwell Automation PartnerNetwork
- Negative Sentiment: ETFs were reported as net sellers of ROK shares on Nov. 11. This may add some flow-related pressure, although ETF activity alone does not indicate a change in the company’s fundamentals. Article: ETFs Are Net Sellers of Rockwell Automation
About Rockwell Automation
(
Free Report)
Rockwell Automation, Inc. is an industrial automation and digital transformation company headquartered in Milwaukee, Wisconsin. Its roots date to 1903, when it was founded as the Compression Rheostat Company. The company provides hardware, software and services that help manufacturers automate and manage industrial operations. Its offerings include control systems, sensors, motor-control products, industrial software and services for optimizing production and maintaining equipment. Its Allen-Bradley and FactoryTalk brands are among its best-known product lines.
Further Reading
Want to see what other hedge funds are holding ROK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Rockwell Automation, Inc. (NYSE:ROK - Free Report).
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