HighTower Advisors LLC Has $87.39 Million Holdings in Rockwell Automation, Inc. $ROK

HighTower Advisors LLC increased its position in shares of Rockwell Automation, Inc. (NYSE:ROK - Free Report) by 4.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 176,513 shares of the industrial products company's stock after purchasing an additional 8,216 shares during the quarter. HighTower Advisors LLC owned 0.16% of Rockwell Automation worth $87,388,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Brighton Jones LLC acquired a new position in Rockwell Automation during the fourth quarter valued at approximately $281,000. AQR Capital Management LLC boosted its stake in shares of Rockwell Automation by 75.9% in the 1st quarter. AQR Capital Management LLC now owns 8,139 shares of the industrial products company's stock valued at $2,059,000 after purchasing an additional 3,513 shares in the last quarter. Empowered Funds LLC grew its holdings in shares of Rockwell Automation by 142.7% during the 1st quarter. Empowered Funds LLC now owns 7,305 shares of the industrial products company's stock valued at $1,887,000 after purchasing an additional 4,295 shares during the last quarter. Acadian Asset Management LLC increased its position in Rockwell Automation by 233.6% during the 1st quarter. Acadian Asset Management LLC now owns 1,878 shares of the industrial products company's stock worth $484,000 after purchasing an additional 1,315 shares in the last quarter. Finally, Jump Financial LLC bought a new position in Rockwell Automation in the 2nd quarter valued at approximately $868,000. 75.75% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on ROK. Zacks Research cut shares of Rockwell Automation from a "strong-buy" rating to a "hold" rating in a research note on Thursday, July 30th. Evercore set a $485.00 target price on Rockwell Automation in a report on Wednesday, August 5th. Argus boosted their price target on Rockwell Automation from $465.00 to $530.00 and gave the stock a "buy" rating in a report on Wednesday, June 24th. Sanford C. Bernstein raised their price objective on shares of Rockwell Automation from $501.00 to $514.00 and gave the company a "market perform" rating in a report on Friday, August 14th. Finally, TD Cowen lifted their target price on shares of Rockwell Automation from $350.00 to $400.00 and gave the stock a "hold" rating in a research report on Wednesday, May 13th. Nine equities research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company. According to MarketBeat, Rockwell Automation has a consensus rating of "Hold" and an average target price of $469.14.

Insiders Place Their Bets

In related news, Director Patricia A. Watson sold 1,100 shares of the business's stock in a transaction on Thursday, August 27th. The shares were sold at an average price of $431.43, for a total transaction of $474,573.00. Following the transaction, the director owned 6,385 shares in the company, valued at $2,754,680.55. The trade was a 14.70% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Christian E. Rothe sold 590 shares of the firm's stock in a transaction on 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 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 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. Over the last three months, insiders sold 2,557 shares of company stock worth $1,098,256. 0.76% of the stock is owned by corporate insiders.

Rockwell Automation Trading Up 0.1%

ROK opened at $434.18 on Tuesday. Rockwell Automation, Inc. has a twelve month low of $332.71 and a twelve month high of $497.36. The company has a fifty day moving average of $452.99 and a 200-day moving average of $428.74. The stock has a market cap of $48.22 billion, a PE ratio of 40.69, a price-to-earnings-growth ratio of 2.53 and a beta of 1.52. The company has a quick ratio of 0.74, a current ratio of 1.08 and a debt-to-equity 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 EPS for the quarter, beating analysts' consensus estimates of $3.38 by $0.11. Rockwell Automation had a net margin of 13.39% and a return on equity of 39.83%. The business had revenue of $2.31 billion for the quarter, compared to analysts' expectations of $2.24 billion. During the same quarter in the prior year, the firm posted $2.82 earnings per share. The business's quarterly revenue 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, sell-side analysts predict that Rockwell Automation, Inc. will post 13.23 EPS for the current year.

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 outstanding shares. This repurchase authorization permits the industrial products company to buy up to 2% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company's board believes its shares are undervalued.

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.

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