Andra AP fonden Decreases Stock Position in Rockwell Automation, Inc. $ROK

Key Points

• Andra AP fonden cut its Rockwell Automation position by 84.2% in the second quarter, selling 47,760 shares and retaining 8,963 shares valued at approximately $4.44 million. Institutional investors still own 75.75% of the company.
• Analyst sentiment remains mixed: nine analysts rate Rockwell Automation a Buy and twelve rate it a Hold, producing a consensus Hold rating and an average price target of $469.14.
• Rockwell reported quarterly EPS of $3.49 and revenue of $2.31 billion, beating estimates, while its board authorized a $1 billion share-repurchase program covering up to 2% of outstanding shares.

Andra AP fonden cut its position in Rockwell Automation, Inc. (NYSE:ROK - Free Report) by 84.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,963 shares of the industrial products company's stock after selling 47,760 shares during the period. Andra AP fonden's holdings in Rockwell Automation were worth $4,437,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the company. State Street Corp grew its holdings in shares of Rockwell Automation by 5.3% during the second quarter. State Street Corp now owns 5,323,990 shares of the industrial products company's stock worth $2,635,801,000 after buying an additional 265,978 shares in the last quarter. Security National Bank of SO Dak acquired a new position in shares of Rockwell Automation during the 2nd quarter worth approximately $102,000. Bullseye Investment Management LLC acquired a new position in shares of Rockwell Automation during the 2nd quarter worth approximately $120,000. Smith Chas P & Associates PA Cpas purchased a new stake in shares of Rockwell Automation in the second quarter valued at approximately $237,000. Finally, Bouchey Financial Group Ltd. acquired a new stake in shares of Rockwell Automation in the second quarter valued at approximately $210,000. 75.75% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Morgan Stanley lifted their price objective on Rockwell Automation from $525.00 to $545.00 and gave the stock an "overweight" rating in a research report on Wednesday, September 2nd. Citigroup decreased their price target on Rockwell Automation from $555.00 to $536.00 and set a "buy" rating on the stock in a research note on Wednesday, August 5th. Robert W. Baird set a $514.00 price target on Rockwell Automation in a report on Wednesday, August 5th. Zacks Research downgraded Rockwell Automation from a "strong-buy" rating to a "hold" rating in a research report on Thursday, July 30th. Finally, Argus boosted their price objective on shares of Rockwell Automation from $465.00 to $530.00 and gave the company a "buy" rating in a report on Wednesday, June 24th. Nine research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the stock. According to MarketBeat.com, Rockwell Automation presently has a consensus rating of "Hold" and an average target price of $469.14.

Insider Buying and Selling at Rockwell Automation

In other news, VP Isaac Woods sold 154 shares of the firm's stock in a transaction that occurred on Tuesday, September 8th. The shares were sold at an average price of $432.62, for a total value of $66,623.48. Following the completion of the transaction, the vice president owned 1,858 shares of the company's stock, valued at approximately $803,807.96. This trade represents a 7.65% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed 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, CFO Christian Rothe sold 590 shares of the company's stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of $434.30, for a total transaction of $256,237.00. Following the sale, the chief financial officer directly owned 10,429 shares in the company, valued at approximately $4,529,314.70. The trade was a 5.35% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 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 sold a total of 2,711 shares of company stock worth $1,164,880 over the last ninety days. Company insiders own 0.76% of the company's stock.

Rockwell Automation Trading Up 1.4%

ROK opened at $433.16 on Thursday. Rockwell Automation, Inc. has a 52 week low of $332.71 and a 52 week high of $497.36. The company has a quick ratio of 0.74, a current ratio of 1.08 and a debt-to-equity ratio of 0.74. The business has a fifty day simple moving average of $440.93 and a 200-day simple moving average of $430.82. The firm has a market cap of $48.10 billion, a P/E ratio of 40.60, a P/E/G ratio of 2.49 and a beta of 1.52.

Rockwell Automation (NYSE:ROK - Get Free Report) last posted its quarterly earnings data on Tuesday, August 4th. The industrial products company reported $3.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.38 by $0.11. The firm had revenue of $2.31 billion for 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%.The company's quarterly 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 EPS. Rockwell Automation has set its FY 2026 guidance at 13.000-13.300 EPS. On average, equities analysts expect that Rockwell Automation, Inc. will post 13.24 earnings per share for the current year.

Rockwell Automation declared that its board has initiated a share buyback plan on Tuesday, June 9th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the industrial products company to repurchase up to 2% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company's management believes its stock is undervalued.

Rockwell Automation Profile

Rockwell Automation, Inc NYSE: ROK is a global provider of industrial automation and digital transformation technologies. The company helps manufacturers and other industrial organizations improve productivity, safety, quality and operational efficiency by connecting control systems, equipment, software and data across production environments.

Its portfolio includes programmable logic controllers, industrial computers, sensors, motor control and drives, motion-control systems, safety equipment, human-machine interfaces and industrial networking technologies.

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