Courier Capital LLC Purchases 3,924 Shares of Rockwell Automation, Inc. $ROK

Key Points

• Courier Capital increased its Rockwell Automation position by 88.7% in the third quarter, acquiring 3,924 additional shares and bringing its holdings to 8,346 shares valued at approximately $3.63 million.
• Institutional investors and hedge funds own 75.75% of Rockwell Automation. Analysts maintain a consensus “Hold” rating, with an average price target of $469.82.
• Rockwell Automation reported quarterly EPS of $3.49, exceeding estimates of $3.38, while revenue rose 7.9% year over year to $2.31 billion. Shares recently traded near $432, below the 12-month high of $497.36.

Courier Capital LLC increased its position in Rockwell Automation, Inc. (NYSE:ROK - Free Report) by 88.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,346 shares of the industrial products company's stock after acquiring an additional 3,924 shares during the quarter. Courier Capital LLC's holdings in Rockwell Automation were worth $3,633,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Virtus Advisers LLC bought a new position in shares of Rockwell Automation in the second quarter worth about $25,000. MV Capital Management Inc. bought a new stake in Rockwell Automation during the 4th quarter valued at approximately $28,000. Cassaday & Co Wealth Management LLC bought a new stake in Rockwell Automation during the 1st quarter valued at approximately $31,000. TD Capital Management LLC acquired a new stake in Rockwell Automation in the 4th quarter valued at approximately $33,000. Finally, Polaris Financial Partners acquired a new stake in Rockwell Automation in the 3rd quarter valued at approximately $42,000. Institutional investors and hedge funds own 75.75% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Evercore set a $485.00 price target on Rockwell Automation in a research report on Wednesday, August 5th. Sanford C. Bernstein increased their price objective on Rockwell Automation from $501.00 to $514.00 and gave the company a "market perform" rating in a research report on Friday, August 14th. DA Davidson lowered their price objective on shares of Rockwell Automation from $500.00 to $490.00 and set a "neutral" rating on the stock in a research note on Friday, August 21st. Robert W. Baird set a $514.00 target price on shares of Rockwell Automation in a research report on Wednesday, August 5th. Finally, The Goldman Sachs Group dropped their target price on shares of Rockwell Automation from $510.00 to $485.00 and set a "neutral" rating on the stock in a research report on Wednesday, September 30th. Nine equities research analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $469.82.

Insider Transactions at Rockwell Automation

In other news, VP Isaac Woods sold 154 shares of the business's stock in a transaction that occurred on Tuesday, September 8th. The stock was sold at an average price of $432.62, for a total transaction of $66,623.48. Following the sale, the vice president directly owned 1,858 shares in the company, valued at approximately $803,807.96. The trade was a 7.65% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible 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 on Thursday, August 20th. The shares were sold at an average price of $434.30, for a total value of $256,237.00. Following the completion of the transaction, the chief financial officer owned 10,429 shares of the company's stock, valued at $4,529,314.70. The trade was a 5.35% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 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 quarter. 0.76% of the stock is owned by company insiders.

Rockwell Automation Stock Performance

Shares of NYSE ROK traded down $1.96 during mid-day trading on Tuesday, hitting $432.01. The company had a trading volume of 919,883 shares, compared to its average volume of 849,920. Rockwell Automation, Inc. has a 12 month low of $335.17 and a 12 month high of $497.36. The firm has a market cap of $47.97 billion, a P/E ratio of 40.49, a PEG ratio of 2.05 and a beta of 1.51. The business's 50-day simple moving average is $433.77 and its 200-day simple moving average is $437.81. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.08 and a quick ratio of 0.74.

Rockwell Automation (NYSE:ROK - Get Free Report) last issued its quarterly earnings results 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 analyst estimates 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 period in the previous year, the company posted $2.82 earnings per share. Rockwell Automation has set its FY 2026 guidance at 13.000-13.300 EPS. As a group, analysts predict that Rockwell Automation, Inc. will post 13.25 earnings per share for the current fiscal year.

Rockwell Automation Company Profile

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

Its offerings include programmable logic controllers, industrial computers, motor control and drives, sensors, safety systems, human-machine interfaces, and other control and electrical products.

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