Allworth Financial LP bought a new position in shares of Rockwell Automation, Inc. (NYSE:ROK - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 5,199 shares of the industrial products company's stock, valued at approximately $2,574,000.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ROK. B. Metzler seel. Sohn & Co. AG acquired a new stake in shares of Rockwell Automation in the second quarter worth approximately $13,672,000. Virtus Advisers LLC purchased a new stake in Rockwell Automation in the second quarter valued at approximately $25,000. Silvant Capital Management LLC acquired a new position in Rockwell Automation during the second quarter worth approximately $11,026,000. Ceredex Value Advisors LLC acquired a new position in Rockwell Automation during the second quarter worth approximately $12,920,000. Finally, Mystic Asset Management Inc. purchased a new position in Rockwell Automation during the second quarter worth approximately $1,175,000. Hedge funds and other institutional investors own 75.75% of the company's stock.
Insiders Place Their Bets
In other news, SVP Matthew W. Fordenwalt sold 377 shares of the company's stock in a transaction dated Thursday, June 4th. The shares were sold at an average price of $460.51, for a total value 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. This represents a 7.83% 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, CFO Christian E. Rothe sold 590 shares of the stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $434.30, for a total transaction of $256,237.00. Following the transaction, the chief financial officer directly owned 10,429 shares in the company, valued at $4,529,314.70. The trade was a 5.35% 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. Insiders have sold a total of 1,185 shares of company stock worth $529,331 over the last quarter. 0.76% of the stock is currently owned by insiders.
Rockwell Automation Stock Up 1.4%
Shares of NYSE ROK opened at $437.50 on Friday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.74 and a current ratio of 1.08. Rockwell Automation, Inc. has a 1 year low of $332.71 and a 1 year high of $497.36. The stock's 50-day simple moving average is $461.98 and its 200-day simple moving average is $427.00. The firm has a market cap of $48.58 billion, a price-to-earnings ratio of 41.00, a PEG ratio of 2.52 and a beta of 1.54.
Rockwell Automation (NYSE:ROK - Get Free Report) last issued its quarterly earnings results on Tuesday, August 4th. The industrial products company reported $3.49 EPS for the quarter, beating analysts' consensus estimates of $3.38 by $0.11. The firm had revenue of $2.31 billion during the quarter, compared to the consensus estimate of $2.24 billion. Rockwell Automation had a return on equity of 39.83% and a net margin of 13.39%.Rockwell Automation's revenue for the quarter was up 7.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.82 earnings per share. Rockwell Automation has set its FY 2026 guidance at 13.000-13.300 EPS. As a group, equities analysts anticipate that Rockwell Automation, Inc. will post 13.22 earnings per share for the current fiscal year.
Rockwell Automation declared that its board has approved a share repurchase program on Tuesday, June 9th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the industrial products company to buy up to 2% of its shares through open market purchases. Shares buyback programs are generally an indication that the company's leadership believes its stock is undervalued.
Rockwell Automation Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Monday, August 17th will be paid a dividend of $1.38 per share. This represents a $5.52 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date is Monday, August 17th. Rockwell Automation's dividend payout ratio is 51.73%.
Analyst Ratings Changes
Several analysts have recently issued reports on ROK shares. DA Davidson lowered their price objective on shares of Rockwell Automation from $500.00 to $490.00 and set a "neutral" rating for the company in a research note on Friday. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Rockwell Automation in a research report on Thursday, June 18th. Zacks Research cut Rockwell Automation from a "strong-buy" rating to a "hold" rating in a report on Thursday, July 30th. Sanford C. Bernstein boosted their price target on Rockwell Automation from $501.00 to $514.00 and gave the company a "market perform" rating in a research report on Friday, August 14th. Finally, Robert W. Baird set a $514.00 price target on Rockwell Automation in a research note on Wednesday, August 5th. Nine equities research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, Rockwell Automation has an average rating of "Hold" and a consensus price target of $468.19.
Read Our Latest Research Report on ROK
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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