Contravisory Investment Management Inc. Buys 17,960 Shares of Rockwell Automation, Inc. $ROK

Key Points

• Contravisory Investment Management increased its Rockwell Automation position by 17,960 shares, ending the second quarter with 18,152 shares valued at approximately $8.99 million. Institutional investors collectively own 75.75% of the company.
• Rockwell Automation exceeded quarterly earnings and revenue expectations, reporting $3.49 in EPS on $2.31 billion in revenue, with revenue up 7.9% year over year. Analysts maintain a consensus “Hold” rating and an average price target of $468.05.
• The company declared a quarterly dividend of $1.38, equivalent to a 1.3% yield, and authorized a $1 billion share-repurchase program covering up to 2% of outstanding shares.

Contravisory Investment Management Inc. raised its position in shares of Rockwell Automation, Inc. (NYSE:ROK - Free Report) by 9,354.2% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 18,152 shares of the industrial products company's stock after buying an additional 17,960 shares during the quarter. Rockwell Automation comprises about 1.6% of Contravisory Investment Management Inc.'s investment portfolio, making the stock its 28th largest holding. Contravisory Investment Management Inc.'s holdings in Rockwell Automation were worth $8,987,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Brighton Jones LLC purchased a new stake in shares of Rockwell Automation during the fourth quarter valued at $281,000. AQR Capital Management LLC boosted its holdings in Rockwell Automation by 75.9% in the first quarter. AQR Capital Management LLC now owns 8,139 shares of the industrial products company's stock valued at $2,059,000 after acquiring an additional 3,513 shares during the last quarter. Empowered Funds LLC grew its position in Rockwell Automation by 142.7% during the first quarter. Empowered Funds LLC now owns 7,305 shares of the industrial products company's stock valued at $1,887,000 after acquiring an additional 4,295 shares during the period. Acadian Asset Management LLC increased its stake in Rockwell Automation by 233.6% during the first quarter. Acadian Asset Management LLC now owns 1,878 shares of the industrial products company's stock worth $484,000 after acquiring an additional 1,315 shares during the last quarter. Finally, Jump Financial LLC purchased a new position in shares of Rockwell Automation in the 2nd quarter worth about $868,000. Hedge funds and other institutional investors own 75.75% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on ROK. Evercore set a $485.00 target price on Rockwell Automation in a report on Wednesday. Barclays lifted their price target on shares of Rockwell Automation from $400.00 to $480.00 and gave the company an "overweight" rating in a research report on Wednesday, May 6th. Robert W. Baird set a $514.00 price objective on shares of Rockwell Automation in a research report on Wednesday. Wells Fargo & Company lifted their target price on shares of Rockwell Automation from $360.00 to $440.00 and gave the company an "equal weight" rating in a report on Wednesday, May 6th. Finally, Rothschild & Co Redburn boosted their price objective on Rockwell Automation from $365.00 to $378.00 in a research note on Wednesday, May 6th. Nine investment analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company's stock. Based on data from MarketBeat, Rockwell Automation currently has an average rating of "Hold" and a consensus target price of $468.05.

Rockwell Automation Trading Down 0.0%

Shares of ROK opened at $440.95 on Monday. The stock has a market capitalization of $48.97 billion, a P/E ratio of 41.33, a PEG ratio of 2.58 and a beta of 1.54. Rockwell Automation, Inc. has a twelve month low of $328.70 and a twelve month 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 firm has a fifty day simple moving average of $464.99 and a two-hundred day simple moving average of $425.51.

Rockwell Automation (NYSE:ROK - Get Free Report) last issued its quarterly earnings data on Tuesday, August 4th. The industrial products company reported $3.49 EPS for the quarter, beating the consensus estimate 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 net margin of 13.39% and a return on equity of 39.83%. The company's quarterly revenue was up 7.9% compared to the same quarter last year. During the same period 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 anticipate that Rockwell Automation, Inc. will post 13.19 EPS for the current year.

Rockwell Automation Announces Dividend

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

Rockwell Automation declared that its Board of Directors has initiated a stock repurchase program on Tuesday, June 9th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the industrial products company to buy up to 2% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company's board believes its shares are undervalued.

Insider Activity at Rockwell Automation

In related news, SVP Matthew W. Fordenwalt sold 377 shares of the company's stock in a transaction that occurred on Thursday, June 4th. The stock was sold at an average price of $460.51, for a total transaction of $173,612.27. Following the completion of the transaction, the senior vice president owned 4,437 shares in the company, valued at $2,043,282.87. This represents a 7.83% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP John M. Miller sold 1,054 shares of the firm's stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $426.02, for a total value of $449,025.08. Following the completion of the sale, the vice president directly owned 5,615 shares of the company's stock, valued at $2,392,102.30. The trade was a 15.80% 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. Insiders have sold 1,649 shares of company stock worth $722,119 over the last three months. Insiders own 0.76% of the company's stock.

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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