Bank of New York Mellon Corp Takes $300.59 Million Position in Rockwell Automation, Inc. $ROK

Bank of New York Mellon Corp acquired a new stake in shares of Rockwell Automation, Inc. (NYSE:ROK - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 607,152 shares of the industrial products company's stock, valued at approximately $300,589,000. Bank of New York Mellon Corp owned 0.55% of Rockwell Automation as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently made changes to their positions in the business. Mandatum Life Insurance Co Ltd increased its position in 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 worth $7,967,000 after purchasing an additional 4,700 shares during the last quarter. Brighton Jones LLC acquired a new position in shares of Rockwell Automation in the 4th quarter valued at $281,000. Handelsbanken Fonder AB boosted its holdings in shares of 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. grew its stake in shares of Rockwell Automation by 197.9% during 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 buying an additional 9,238 shares during the period. Finally, Hsbc Holdings PLC grew its stake in shares of 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 buying an additional 44,944 shares during the period. Hedge funds and other institutional investors own 75.75% of the company's stock.

Rockwell Automation Trading Up 1.4%

NYSE:ROK opened at $437.50 on Friday. The stock has a market cap of $48.58 billion, a price-to-earnings ratio of 41.00, a price-to-earnings-growth ratio of 2.55 and a beta of 1.54. Rockwell Automation, Inc. has a one year low of $332.71 and a one year high of $497.36. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.74 and a current ratio of 1.08. The business's 50-day simple moving average is $461.98 and its 200 day simple moving average is $427.00.

Rockwell Automation (NYSE:ROK - Get Free Report) last issued its quarterly earnings data on Tuesday, August 4th. The industrial products company reported $3.49 earnings per share 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 analyst estimates of $2.24 billion. Rockwell Automation had a return on equity of 39.83% and a net margin of 13.39%.Rockwell Automation's quarterly revenue was up 7.9% on a year-over-year basis. During the same quarter last year, the firm earned $2.82 EPS. Rockwell Automation has set its FY 2026 guidance at 13.000-13.300 EPS. As a group, sell-side analysts predict that Rockwell Automation, Inc. will post 13.21 earnings per share for the current fiscal year.

Rockwell Automation Announces Dividend

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 issued a dividend of $1.38 per share. This represents a $5.52 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend is Monday, August 17th. Rockwell Automation's dividend payout ratio (DPR) is currently 51.73%.

Rockwell Automation announced that its Board of Directors has authorized a share buyback plan on Tuesday, June 9th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the industrial products company to purchase up to 2% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company's management believes its shares are undervalued.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on ROK. KeyCorp increased their target price on Rockwell Automation from $470.00 to $510.00 and gave the stock an "overweight" rating in a research report on Wednesday, May 6th. TD Cowen boosted their price target on Rockwell Automation from $350.00 to $400.00 and gave the company a "hold" rating in a research report on Wednesday, May 13th. Zacks Research downgraded Rockwell Automation from a "strong-buy" rating to a "hold" rating in a research report on Thursday, July 30th. DA Davidson dropped their price target on Rockwell Automation from $500.00 to $490.00 and set a "neutral" rating for the company in a research note on Friday. Finally, HSBC raised their price objective on Rockwell Automation from $445.00 to $490.00 in a report on Wednesday, May 6th. Nine analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $468.19.

Insider Buying and Selling at Rockwell Automation

In other news, CFO Christian E. Rothe sold 590 shares of the stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $434.30, for a total transaction of $256,237.00. Following the transaction, the chief financial officer owned 10,429 shares of the company's stock, valued at approximately $4,529,314.70. This trade represents a 5.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 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 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 transaction, the senior vice president directly owned 4,437 shares in the company, valued at $2,043,282.87. The trade was a 7.83% 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. Over the last three months, insiders have sold 1,185 shares of company stock valued at $529,331. 0.76% of the stock is owned by company insiders.

Rockwell Automation 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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