Callan Family Office LLC Invests $1.18 Million in Rockwell Automation, Inc. $ROK

Key Points

• Callan Family Office LLC acquired 2,374 Rockwell Automation shares in the second quarter, worth approximately $1.18 million. Institutional investors collectively own 75.75% of the company.
• Rockwell Automation exceeded quarterly earnings and revenue expectations, reporting $3.49 EPS and $2.31 billion in revenue, while revenue rose 7.9% year over year. The company projects fiscal 2026 EPS of $13.00–$13.30.
• The board authorized a $1 billion share repurchase program, and the company declared a quarterly dividend of $1.38 per share. Analysts maintain a consensus “Hold” rating with an average price target of $468.19.

Callan Family Office LLC acquired 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 SEC. The institutional investor acquired 2,374 shares of the industrial products company's stock, valued at approximately $1,175,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ROK. Virtus Advisers LLC acquired a new position in shares of Rockwell Automation during the second quarter valued at about $25,000. MV Capital Management Inc. acquired a new stake in Rockwell Automation in the 4th quarter worth approximately $28,000. Manchester Capital Management LLC grew its position in Rockwell Automation by 97.5% during the 4th quarter. Manchester Capital Management LLC now owns 79 shares of the industrial products company's stock worth $31,000 after purchasing an additional 39 shares during the last quarter. Cassaday & Co Wealth Management LLC purchased a new stake in Rockwell Automation during the 1st quarter worth approximately $31,000. Finally, BOK Financial Private Wealth Inc. acquired a new position in Rockwell Automation during the 4th quarter valued at approximately $33,000. 75.75% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, CFO Christian E. Rothe sold 590 shares of the firm's stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $434.30, for a total value of $256,237.00. Following the transaction, the chief financial officer directly 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 position. The sale was disclosed in a filing 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, SVP Matthew W. Fordenwalt sold 377 shares of Rockwell Automation stock in a transaction dated Thursday, June 4th. The stock was sold at an average price of $460.51, for a total value of $173,612.27. Following the completion of 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 ownership of the stock. 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. In the last 90 days, insiders have sold 1,185 shares of company stock valued at $529,331. Insiders own 0.76% of the company's stock.

Rockwell Automation Stock Performance

Shares of NYSE ROK opened at $429.60 on Tuesday. The company has a market capitalization of $47.71 billion, a PE ratio of 40.26, a price-to-earnings-growth ratio of 2.55 and a beta of 1.54. 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 company's fifty day moving average price is $461.30 and its 200 day moving average price is $426.98. Rockwell Automation, Inc. has a 1 year low of $332.71 and a 1 year high of $497.36.

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, topping analysts' consensus estimates of $3.38 by $0.11. The business had revenue of $2.31 billion during the quarter, compared to the consensus estimate of $2.24 billion. Rockwell Automation had a net margin of 13.39% and a return on equity of 39.83%. The company's revenue was up 7.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.82 earnings per share. Rockwell Automation has set its FY 2026 guidance at 13.000-13.300 EPS. On average, research analysts predict that Rockwell Automation, Inc. will post 13.21 earnings per share for the current year.

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

Rockwell Automation Announces Dividend

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

Analysts Set New Price Targets

A number of brokerages have commented on ROK. Barclays lifted their price target on Rockwell Automation from $400.00 to $480.00 and gave the stock an "overweight" rating in a research report on Wednesday, May 6th. Evercore set a $485.00 target price on Rockwell Automation in a report on Wednesday, August 5th. Wells Fargo & Company upped their target price on Rockwell Automation from $360.00 to $440.00 and gave the company an "equal weight" rating in a research report on Wednesday, May 6th. BNP Paribas Exane increased their price target on shares of Rockwell Automation from $495.00 to $515.00 in a report on Wednesday, May 6th. Finally, Robert W. Baird set a $514.00 price target on shares of Rockwell Automation in a research report on Wednesday, August 5th. Nine investment analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $468.19.

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.

Want to see what other hedge funds are holding ROK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Rockwell Automation, Inc. (NYSE:ROK - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source