Hsbc Holdings PLC bought a new stake in Rockwell Automation, Inc. (NYSE:ROK - Free Report) during the second quarter, according to its most recent filing with the SEC. The firm bought 472,888 shares of the industrial products company's stock, valued at approximately $233,964,000. Hsbc Holdings PLC owned about 0.43% of Rockwell Automation at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Virtus Advisers LLC acquired a new stake in Rockwell Automation in the 2nd quarter valued at approximately $25,000. MV Capital Management Inc. acquired a new stake in shares of Rockwell Automation in the fourth quarter worth $28,000. Manchester Capital Management LLC raised its stake in Rockwell Automation by 97.5% during the 4th quarter. Manchester Capital Management LLC now owns 79 shares of the industrial products company's stock valued at $31,000 after purchasing an additional 39 shares during the last quarter. BOK Financial Private Wealth Inc. acquired a new position in Rockwell Automation during the 4th quarter valued at $33,000. Finally, TD Capital Management LLC bought a new stake in Rockwell Automation in the 4th quarter valued at $33,000. Institutional investors and hedge funds own 75.75% of the company's stock.
Analysts Set New Price Targets
ROK has been the topic of several research analyst reports. BNP Paribas Exane raised their price target on shares of Rockwell Automation from $495.00 to $515.00 in a research report on Wednesday, May 6th. Rothschild & Co Redburn lifted their target price on Rockwell Automation from $365.00 to $378.00 in a research report on Wednesday, May 6th. Morgan Stanley reaffirmed an "overweight" rating and issued a $525.00 price target on shares of Rockwell Automation in a report on Wednesday, May 6th. DA Davidson reduced their price objective on Rockwell Automation from $500.00 to $490.00 and set a "neutral" rating for the company in a research report on Friday. Finally, Wall Street Zen lowered Rockwell Automation from a "buy" rating to a "hold" rating in a report on Saturday, May 2nd. Nine research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $468.19.
View Our Latest Stock Report on Rockwell Automation
Insider Activity
In other Rockwell Automation news, CFO Christian E. Rothe sold 590 shares of Rockwell Automation stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $434.30, for a total transaction of $256,237.00. Following the completion of the sale, the chief financial officer owned 10,429 shares of the company's stock, valued at approximately $4,529,314.70. The trade was a 5.35% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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 Matthew W. Fordenwalt sold 377 shares of the firm's stock in a transaction on 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 in the company, valued at $2,043,282.87. This represents a 7.83% 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 a total of 1,185 shares of company stock worth $529,331 in the last ninety days. Insiders own 0.76% of the company's stock.
Rockwell Automation Stock Up 0.1%
NYSE ROK opened at $430.01 on Wednesday. The company has a current ratio of 1.08, a quick ratio of 0.74 and a debt-to-equity ratio of 0.74. The stock's 50 day moving average is $460.57 and its two-hundred day moving average is $426.97. The company has a market capitalization of $47.75 billion, a price-to-earnings ratio of 40.30, a PEG ratio of 2.51 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.
Rockwell Automation (NYSE:ROK - Get Free Report) last announced its quarterly earnings results on Tuesday, August 4th. The industrial products company reported $3.49 EPS for the quarter, beating the consensus estimate of $3.38 by $0.11. Rockwell Automation had a return on equity of 39.83% and a net margin of 13.39%.The business had revenue of $2.31 billion for the quarter, compared to analyst estimates of $2.24 billion. During the same quarter in the previous year, the firm earned $2.82 EPS. Rockwell Automation's quarterly revenue was up 7.9% on a year-over-year basis. Rockwell Automation has set its FY 2026 guidance at 13.000-13.300 EPS. Equities analysts forecast that Rockwell Automation, Inc. will post 13.21 earnings per share for the current fiscal year.
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 given a dividend of $1.38 per share. The ex-dividend date is Monday, August 17th. This represents a $5.52 dividend on an annualized basis and a yield of 1.3%. Rockwell Automation's dividend payout ratio is presently 51.73%.
Rockwell Automation declared that its Board of Directors has authorized a share buyback plan on Tuesday, June 9th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the industrial products company to buy up to 2% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company's board believes its stock is undervalued.
About Rockwell Automation
(
Free Report)
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.
Featured Articles
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).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
Continue following MarketBeat
Add MarketBeat as your preferred source on Google to see our latest stories in your feed.
Before you consider Rockwell Automation, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Rockwell Automation wasn't on the list.
While Rockwell Automation currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
