Alpine Woods Capital Investors LLC Makes New $1.50 Million Investment in Rockwell Automation, Inc. $ROK

Key Points

• Alpine Woods Capital Investors initiated a $1.50 million position in Rockwell Automation, buying 3,021 shares during the second quarter. Institutional investors collectively own 75.75% of the company.
• Rockwell Automation reported quarterly adjusted earnings of $3.49 per share and revenue of $2.31 billion, exceeding analyst expectations; revenue increased 7.9% year over year. The company projects fiscal 2026 EPS of $13.00–$13.30.
• The company authorized a $1 billion share buyback and declared a quarterly dividend of $1.38, or $5.52 annually, representing a 1.3% yield. Shares recently traded at $433.41, down 2.5%.

Alpine Woods Capital Investors LLC bought a new position in shares of Rockwell Automation, Inc. (NYSE:ROK - Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 3,021 shares of the industrial products company's stock, valued at approximately $1,496,000.

Other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. increased its holdings in shares of Rockwell Automation by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 14,206,311 shares of the industrial products company's stock worth $5,527,249,000 after buying an additional 114,469 shares during the last quarter. BlackRock Inc. purchased a new stake in shares of Rockwell Automation in the 2nd quarter valued at approximately $6,129,376,000. State Street Corp lifted its stake in Rockwell Automation by 4.2% during the fourth quarter. State Street Corp now owns 4,996,130 shares of the industrial products company's stock worth $1,943,844,000 after purchasing an additional 202,705 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Rockwell Automation by 0.6% in the fourth quarter. Geode Capital Management LLC now owns 2,924,501 shares of the industrial products company's stock valued at $1,133,397,000 after buying an additional 17,855 shares in the last quarter. Finally, Morgan Stanley boosted its holdings in Rockwell Automation by 10.4% during the 4th quarter. Morgan Stanley now owns 2,921,840 shares of the industrial products company's stock valued at $1,136,801,000 after acquiring an additional 276,021 shares during the period. Hedge funds and other institutional investors own 75.75% of the company's stock.

Insider Buying and Selling

In related news, SVP Matthew W. Fordenwalt sold 377 shares of Rockwell Automation stock in a transaction on Thursday, June 4th. The shares were sold at an average price of $460.51, for a total transaction of $173,612.27. Following the sale, the senior vice president directly owned 4,437 shares in the company, valued at $2,043,282.87. This trade represents a 7.83% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.76% of the stock is owned by corporate insiders.

Rockwell Automation Trading Down 2.5%

ROK opened at $433.41 on Wednesday. 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 one year low of $332.71 and a one year high of $497.36. The company has a market cap of $48.13 billion, a P/E ratio of 40.62, a PEG ratio of 2.62 and a beta of 1.54. The business's 50-day simple moving average is $463.07 and its 200-day simple moving average is $426.80.

Rockwell Automation (NYSE:ROK - Get Free Report) last posted its earnings results on Tuesday, August 4th. The industrial products company reported $3.49 earnings per share for the quarter, topping the consensus estimate of $3.38 by $0.11. The firm had revenue of $2.31 billion during the quarter, compared to analysts' expectations of $2.24 billion. Rockwell Automation had a return on equity of 39.83% and a net margin of 13.39%.The firm's revenue was up 7.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.82 earnings per share. Rockwell Automation has set its FY 2026 guidance at 13.000-13.300 EPS. As a group, equities research analysts expect that Rockwell Automation, Inc. will post 13.22 EPS for the current fiscal year.

Rockwell Automation announced that its board has approved a share buyback 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 reacquire up to 2% of its stock through open market purchases. Stock buyback programs are usually a sign that the company's board believes its shares are undervalued.

Rockwell Automation Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Monday, August 17th will be given a $1.38 dividend. This represents a $5.52 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend is Monday, August 17th. Rockwell Automation's dividend payout ratio (DPR) is 51.73%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on ROK. BNP Paribas Exane boosted their price target on shares of Rockwell Automation from $495.00 to $515.00 in a research note on Wednesday, May 6th. KeyCorp upped their target price on shares of Rockwell Automation from $470.00 to $510.00 and gave the stock an "overweight" rating in a research note on Wednesday, May 6th. Mizuho set a $445.00 target price on shares of Rockwell Automation in a report on Wednesday, May 6th. Weiss Ratings reissued a "buy (b-)" rating on shares of Rockwell Automation in a research report on Thursday, June 18th. Finally, DA Davidson assumed coverage on shares of Rockwell Automation in a research note on Tuesday, June 16th. They issued a "neutral" rating and a $500.00 price target for the company. Nine investment analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $468.67.

Rockwell Automation Company Profile

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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