Huntington National Bank Has $97.21 Million Stock Holdings in Rockwell Automation, Inc. $ROK

Key Points

• Huntington National Bank increased its Rockwell Automation stake by 1.3% in Q4, ending with 249,858 shares valued at about $97.2 million.
• Rockwell Automation reported strong quarterly results, with EPS of $3.30 beating estimates and revenue of $2.24 billion also topping expectations; revenue rose 11.9% year over year.
• The company also declared a quarterly dividend of $1.38 per share and drew mixed but generally positive analyst sentiment, with a consensus rating of Moderate Buy and an average target price of $449.16.

Huntington National Bank raised its holdings in shares of Rockwell Automation, Inc. (NYSE:ROK - Free Report) by 1.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 249,858 shares of the industrial products company's stock after purchasing an additional 3,328 shares during the quarter. Huntington National Bank owned approximately 0.22% of Rockwell Automation worth $97,212,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. First Horizon Corp acquired a new stake in Rockwell Automation during the 4th quarter valued at $32,000. BOK Financial Private Wealth Inc. acquired a new stake in Rockwell Automation during the 4th quarter valued at $33,000. Fortitude Family Office LLC lifted its holdings in Rockwell Automation by 109.5% during the 4th quarter. Fortitude Family Office LLC now owns 88 shares of the industrial products company's stock valued at $34,000 after purchasing an additional 46 shares during the last quarter. Ameriflex Group Inc. lifted its holdings in Rockwell Automation by 100.0% during the 3rd quarter. Ameriflex Group Inc. now owns 100 shares of the industrial products company's stock valued at $35,000 after purchasing an additional 50 shares during the last quarter. Finally, Dynamic Wealth Strategies LLC lifted its holdings in Rockwell Automation by 80.7% during the 4th quarter. Dynamic Wealth Strategies LLC now owns 103 shares of the industrial products company's stock valued at $40,000 after purchasing an additional 46 shares during the last quarter. Institutional investors and hedge funds own 75.75% of the company's stock.

Rockwell Automation Stock Up 0.0%

ROK opened at $456.34 on Thursday. Rockwell Automation, Inc. has a fifty-two week low of $305.44 and a fifty-two week high of $463.48. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.76 and a current ratio of 1.09. The company has a market capitalization of $50.78 billion, a P/E ratio of 47.44, a P/E/G ratio of 2.92 and a beta of 1.56. The stock has a fifty day moving average of $404.94 and a 200-day moving average of $400.61.

Rockwell Automation (NYSE:ROK - Get Free Report) last posted its earnings results on Tuesday, May 5th. The industrial products company reported $3.30 earnings per share for the quarter, topping analysts' consensus estimates of $2.88 by $0.42. Rockwell Automation had a return on equity of 37.54% and a net margin of 12.36%.The company had revenue of $2.24 billion during the quarter, compared to the consensus estimate of $2.16 billion. During the same quarter last year, the firm earned $2.45 earnings per share. The company's revenue was up 11.9% on a year-over-year basis. Rockwell Automation has set its FY 2026 guidance at 12.500-13.100 EPS. On average, equities analysts expect that Rockwell Automation, Inc. will post 13.01 EPS for the current year.

Rockwell Automation Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Monday, May 18th will be given a $1.38 dividend. The ex-dividend date is Monday, May 18th. This represents a $5.52 dividend on an annualized basis and a dividend yield of 1.2%. Rockwell Automation's dividend payout ratio (DPR) is presently 57.38%.

Insider Buying and Selling

In related news, 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 transaction, the vice president owned 5,615 shares in the company, valued at approximately $2,392,102.30. This trade represents a 15.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Matthew W. Fordenwalt sold 1,200 shares of the firm's stock in a transaction on Monday, April 13th. The stock was sold at an average price of $400.00, for a total value of $480,000.00. Following the completion of the transaction, the senior vice president owned 4,437 shares in the company, valued at $1,774,800. The trade was a 21.29% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 11,713 shares of company stock valued at $5,066,717 in the last ninety days. Insiders own 0.76% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on ROK shares. Morgan Stanley reaffirmed an "overweight" rating and set a $525.00 price target on shares of Rockwell Automation in a report on Wednesday, May 6th. TD Cowen raised their price target on Rockwell Automation from $350.00 to $400.00 and gave the company a "hold" rating in a report on Wednesday, May 13th. KeyCorp lifted their target price on Rockwell Automation from $470.00 to $510.00 and gave the stock an "overweight" rating in a report on Wednesday, May 6th. Weiss Ratings raised Rockwell Automation from a "hold (c+)" rating to a "buy (b-)" rating in a report on Wednesday, March 25th. Finally, Barclays lifted their target price on Rockwell Automation from $400.00 to $480.00 and gave the stock an "overweight" rating in a report on Wednesday, May 6th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $449.16.

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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