ABN AMRO Bank N.V. bought a new stake in shares of Rockwell Automation, Inc. (NYSE:ROK - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 17,279 shares of the industrial products company's stock, valued at approximately $8,560,000.
A number of other institutional investors and hedge funds also recently modified their holdings of the business. Mandatum Life Insurance Co Ltd boosted its holdings in shares of Rockwell Automation by 26.9% during the first quarter. Mandatum Life Insurance Co Ltd now owns 22,200 shares of the industrial products company's stock valued at $7,967,000 after acquiring an additional 4,700 shares during the period. Brighton Jones LLC acquired a new stake in shares of Rockwell Automation in the 4th quarter worth about $281,000. Handelsbanken Fonder AB lifted its position in Rockwell Automation by 24.6% in the 4th quarter. Handelsbanken Fonder AB now owns 169,457 shares of the industrial products company's stock valued at $65,931,000 after purchasing an additional 33,413 shares during the last quarter. Crossmark Global Holdings Inc. lifted its position in Rockwell Automation by 197.9% in the 4th quarter. Crossmark Global Holdings Inc. now owns 13,905 shares of the industrial products company's stock valued at $5,410,000 after purchasing an additional 9,238 shares during the last quarter. Finally, Hsbc Holdings PLC boosted its stake in Rockwell Automation by 19.6% during the 4th quarter. Hsbc Holdings PLC now owns 274,512 shares of the industrial products company's stock valued at $106,965,000 after purchasing an additional 44,944 shares during the period. 75.75% of the stock is owned by institutional investors and hedge funds.
Rockwell Automation Trading Up 0.9%
Shares of ROK stock opened at $449.33 on Friday. The stock has a 50-day simple moving average of $463.72 and a 200 day simple moving average of $426.45. Rockwell Automation, Inc. has a fifty-two week low of $332.71 and a fifty-two week high of $497.36. The stock has a market capitalization of $49.90 billion, a P/E ratio of 42.11, a P/E/G ratio of 2.62 and a beta of 1.54. The company has a quick ratio of 0.74, a current ratio of 1.08 and a debt-to-equity ratio of 0.74.
Rockwell Automation (NYSE:ROK - Get Free Report) last released its 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. Rockwell Automation had a return on equity of 39.83% and a net margin of 13.39%.The firm had revenue of $2.31 billion for the quarter, compared to analyst estimates of $2.24 billion. During the same period in the previous year, the company earned $2.82 earnings per share. Rockwell Automation'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. On average, sell-side 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 authorized a share buyback program 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 purchase up to 2% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company's management believes its stock is undervalued.
Rockwell Automation Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Monday, August 17th will be given a dividend of $1.38 per share. The ex-dividend date of this dividend is Monday, August 17th. This represents a $5.52 dividend on an annualized basis and a dividend yield of 1.2%. Rockwell Automation's payout ratio is 51.73%.
Insider Buying and Selling at Rockwell Automation
In other Rockwell Automation news, SVP Matthew W. Fordenwalt sold 377 shares of the business's stock in a transaction dated Thursday, June 4th. The stock was sold at an average price of $460.51, for a total transaction of $173,612.27. Following the sale, the senior vice president owned 4,437 shares in the company, valued at approximately $2,043,282.87. The trade was a 7.83% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP John M. Miller sold 1,054 shares of the company's stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $426.02, for a total transaction of $449,025.08. Following the sale, the vice president directly owned 5,615 shares of the company's stock, valued at $2,392,102.30. This represents a 15.80% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 1,649 shares of company stock valued at $722,119. 0.76% of the stock is currently owned by company insiders.
Analyst Upgrades and Downgrades
Several equities research analysts have commented on ROK shares. Evercore set a $485.00 price target on shares of Rockwell Automation in a research note on Wednesday, August 5th. BNP Paribas Exane boosted their price objective on Rockwell Automation from $495.00 to $515.00 in a research report on Wednesday, May 6th. Barclays increased their price objective on Rockwell Automation from $400.00 to $480.00 and gave the stock an "overweight" rating in a report on Wednesday, May 6th. Weiss Ratings restated a "buy (b-)" rating on shares of Rockwell Automation in a research report on Thursday, June 18th. Finally, JPMorgan Chase & Co. lifted their target price on Rockwell Automation from $404.00 to $417.00 and gave the company a "neutral" rating in a research note on Wednesday, May 6th. Nine equities research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $468.67.
Get Our Latest Analysis on Rockwell Automation
Rockwell Automation Profile
(
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.
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