Deutsche Bank AG bought a new position in Rockwell Automation, Inc. (NYSE:ROK - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 424,864 shares of the industrial products company's stock, valued at approximately $210,342,000. Deutsche Bank AG owned about 0.38% of Rockwell Automation as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors have also recently added to or reduced their stakes in the company. Perigon Wealth Management LLC bought a new stake in Rockwell Automation during the second quarter worth about $1,574,000. Commerzbank Aktiengesellschaft FI acquired a new stake in shares of Rockwell Automation during the second quarter worth approximately $976,000. Phillips Wealth Planners LLC bought a new position in shares of Rockwell Automation in the second quarter valued at approximately $331,000. Trust Co. of Vermont bought a new position in shares of Rockwell Automation in the second quarter valued at approximately $1,643,000. Finally, Capital Financial Group Inc. Co. ADV acquired a new position in shares of Rockwell Automation in the 2nd quarter worth approximately $780,000. 75.75% of the stock is owned by institutional investors.
Insider Transactions at Rockwell Automation
In other Rockwell Automation news, SVP Matthew W. Fordenwalt sold 377 shares of the company's stock in a transaction dated Thursday, June 4th. The shares were 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 approximately $2,043,282.87. This represents a 7.83% decrease in their position. The transaction 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. Insiders own 0.76% of the company's stock.
Analyst Ratings Changes
A number of research firms recently commented on ROK. 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 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. DA Davidson started coverage on Rockwell Automation in a research note on Tuesday, June 16th. They issued a "neutral" rating and a $500.00 price objective on the stock. Robert W. Baird set a $514.00 target price on Rockwell Automation in a report on Wednesday, August 5th. Finally, HSBC raised their target price on Rockwell Automation from $445.00 to $490.00 in a research note on Wednesday, May 6th. Nine analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $468.67.
View Our Latest Research Report on ROK
Rockwell Automation Stock Down 2.5%
NYSE ROK opened at $433.41 on Wednesday. The stock has a fifty day moving average of $463.07 and a 200-day moving average of $426.80. The stock has a market capitalization of $48.13 billion, a P/E ratio of 40.62, a price-to-earnings-growth ratio of 2.62 and a beta of 1.54. Rockwell Automation, Inc. has a 52 week low of $332.71 and a 52 week 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.
Rockwell Automation (NYSE:ROK - Get Free Report) last released its earnings results 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. Rockwell Automation had a return on equity of 39.83% and a net margin of 13.39%.The company had revenue of $2.31 billion during the quarter, compared to the consensus estimate of $2.24 billion. During the same quarter in the previous year, the company posted $2.82 earnings per share. The firm's quarterly revenue was up 7.9% on a year-over-year basis. Rockwell Automation has set its FY 2026 guidance at 13.000-13.300 EPS. On average, equities research analysts forecast that Rockwell Automation, Inc. will post 13.22 EPS for the current year.
Rockwell Automation declared that its Board of Directors has authorized a stock buyback plan on Tuesday, June 9th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the industrial products company to purchase up to 2% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's board of directors believes its stock is undervalued.
Rockwell Automation Dividend Announcement
The company 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 payout ratio is currently 51.73%.
Rockwell Automation Company Profile
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Free Report)
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.
See Also
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