Greenwood Capital Associates LLC bought a new stake in Rockwell Automation, Inc. (NYSE:ROK - Free Report) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 4,640 shares of the industrial products company's stock, valued at approximately $2,297,000.
Several other hedge funds have also modified their holdings of ROK. Flputnam Investment Management Co. acquired a new position in shares of Rockwell Automation in the 2nd quarter valued at approximately $1,001,000. Mandatum Life Insurance Co Ltd raised its holdings in Rockwell Automation by 26.9% in the first quarter. Mandatum Life Insurance Co Ltd now owns 22,200 shares of the industrial products company's stock valued at $7,967,000 after acquiring an additional 4,700 shares in the last quarter. Brighton Jones LLC bought a new position in Rockwell Automation during the 4th quarter valued at $281,000. Handelsbanken Fonder AB grew its holdings in Rockwell Automation by 24.6% during the 4th quarter. Handelsbanken Fonder AB now owns 169,457 shares of the industrial products company's stock worth $65,931,000 after acquiring an additional 33,413 shares in the last quarter. Finally, Crossmark Global Holdings Inc. increased its position in shares of Rockwell Automation by 197.9% in the 4th quarter. Crossmark Global Holdings Inc. now owns 13,905 shares of the industrial products company's stock worth $5,410,000 after purchasing an additional 9,238 shares during the last quarter. 75.75% of the stock is currently owned by hedge funds and other institutional investors.
Rockwell Automation Price Performance
Shares of ROK opened at $430.73 on Friday. Rockwell Automation, Inc. has a 12 month low of $332.71 and a 12 month high of $497.36. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.08 and a quick ratio of 0.74. The stock has a fifty day moving average price of $458.33 and a 200 day moving average price of $427.31. The company has a market cap of $47.83 billion, a P/E ratio of 40.37, a PEG ratio of 2.52 and a beta of 1.54.
Rockwell Automation (NYSE:ROK - Get Free Report) last announced 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. Rockwell Automation had a net margin of 13.39% and a return on equity of 39.83%. 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 company's revenue for the quarter was up 7.9% compared to the same quarter last year. Rockwell Automation has set its FY 2026 guidance at 13.000-13.300 EPS. On average, research analysts forecast that Rockwell Automation, Inc. will post 13.21 earnings per share for the current year.
Rockwell Automation Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Monday, August 17th will be paid a $1.38 dividend. This represents a $5.52 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend is Monday, August 17th. Rockwell Automation's dividend payout ratio is currently 51.73%.
Rockwell Automation announced that its Board of Directors has authorized a share buyback program on Tuesday, June 9th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the industrial products company to purchase up to 2% of its stock through open market purchases. Stock buyback programs are usually a sign that the company's board believes its stock is undervalued.
Analyst Upgrades and Downgrades
A number of research firms recently commented on ROK. HSBC lifted their price target on Rockwell Automation from $445.00 to $490.00 in a research note on Wednesday, May 6th. Citigroup reduced their target price on Rockwell Automation from $555.00 to $536.00 and set a "buy" rating on the stock in a report on Wednesday, August 5th. Mizuho set a $445.00 price target on Rockwell Automation in a report on Wednesday, May 6th. Zacks Research lowered Rockwell Automation from a "strong-buy" rating to a "hold" rating in a research report on Thursday, July 30th. Finally, Wells Fargo & Company raised their price objective on Rockwell Automation from $360.00 to $440.00 and gave the stock an "equal weight" rating in a research note on Wednesday, May 6th. Nine equities research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $468.19.
Get Our Latest Stock Report on Rockwell Automation
Insiders Place Their Bets
In related news, Director Patricia A. Watson sold 1,100 shares of the firm's stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of $431.43, for a total transaction of $474,573.00. Following the completion of the transaction, the director owned 6,385 shares of the company's stock, valued at $2,754,680.55. This trade represents a 14.70% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Christian E. Rothe sold 590 shares of the business's stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $434.30, for a total transaction of $256,237.00. Following the completion of the sale, the chief financial officer owned 10,429 shares in the company, valued at approximately $4,529,314.70. This trade represents a 5.35% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 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 2,285 shares of company stock worth $1,003,904 over the last ninety days. Company insiders own 0.76% of the company's stock.
Rockwell Automation Profile
(
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
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.
Before you consider Rockwell Automation, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Rockwell Automation wasn't on the list.
While Rockwell Automation currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
The space race is growing fast, and you don’t have to have gotten in early on SpaceX to profit. This report shows seven space stocks you can buy today that may grow as rockets, satellites, defense, space internet, and new space technology become more important.
Get This Free Report
