International Assets Investment Management LLC Purchases 49,063 Shares of Rockwell Automation, Inc. $ROK

Key Points

• International Assets Investment Management increased its Rockwell Automation position by 49,063 shares, a 5,236.2% boost, bringing its holdings to 50,000 shares valued at approximately $21.8 million. Institutional investors collectively own 75.75% of the company.
• Rockwell Automation insiders sold 2,711 shares worth $1.16 million over the past three months, though some transactions were conducted under pre-arranged trading plans or to cover tax obligations.
• Analysts maintain a generally cautious outlook, with nine Buy ratings and thirteen Holds producing an overall Hold consensus and an average price target of $468. The company recently exceeded quarterly earnings and revenue estimates and reported 7.9% year-over-year revenue growth.

International Assets Investment Management LLC lifted its position in shares of Rockwell Automation, Inc. (NYSE:ROK - Free Report) by 5,236.2% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 50,000 shares of the industrial products company's stock after purchasing an additional 49,063 shares during the quarter. International Assets Investment Management LLC's holdings in Rockwell Automation were worth $21,766,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Kampmann Melissa S. increased its stake in shares of Rockwell Automation by 0.8% during the third quarter. Kampmann Melissa S. now owns 12,422 shares of the industrial products company's stock valued at $5,408,000 after purchasing an additional 95 shares in the last quarter. Soltis Investment Advisors LLC boosted its position in shares of Rockwell Automation by 4.6% in the 3rd quarter. Soltis Investment Advisors LLC now owns 802 shares of the industrial products company's stock worth $349,000 after purchasing an additional 35 shares in the last quarter. Interchange Capital Partners LLC grew its stake in shares of Rockwell Automation by 1.5% in the 3rd quarter. Interchange Capital Partners LLC now owns 2,641 shares of the industrial products company's stock worth $1,150,000 after buying an additional 39 shares during the last quarter. Laurel Wealth Advisors LLC purchased a new stake in shares of Rockwell Automation in the 3rd quarter worth approximately $61,000. Finally, William Mack & Associates Inc. bought a new position in Rockwell Automation during the 3rd quarter valued at approximately $44,000. 75.75% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Rockwell Automation

In other news, SVP Matheus Bulho sold 400 shares of the stock in a transaction that occurred on Wednesday, September 2nd. The stock was sold at an average price of $420.14, for a total transaction of $168,056.00. Following the completion of the transaction, the senior vice president directly owned 867 shares in the company, valued at approximately $364,261.38. This represents a 31.57% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Christian Rothe sold 590 shares of the stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $434.30, for a total transaction of $256,237.00. Following the transaction, the chief financial officer owned 10,429 shares of the company's stock, valued at $4,529,314.70. This trade represents a 5.35% decrease in their position. 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 have sold a total of 2,711 shares of company stock valued at $1,164,880 over the last three months. Corporate insiders own 0.76% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. Sanford C. Bernstein lifted their target price on shares of Rockwell Automation from $501.00 to $514.00 and gave the stock a "market perform" rating in a report on Friday, August 14th. Mizuho cut their price target on shares of Rockwell Automation from $445.00 to $430.00 and set a "neutral" rating on the stock in a report on Thursday, October 15th. Wells Fargo & Company assumed coverage on shares of Rockwell Automation in a report on Thursday, September 24th. They set an "equal weight" rating and a $426.00 price target on the stock. Robert W. Baird set a $514.00 price target on shares of Rockwell Automation in a research report on Wednesday, August 5th. Finally, Morgan Stanley set a $520.00 price objective on shares of Rockwell Automation in a report on Friday, October 16th. Nine investment analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the stock. Based on data from MarketBeat.com, Rockwell Automation currently has an average rating of "Hold" and an average price target of $468.00.

Rockwell Automation Stock Performance

NYSE:ROK opened at $435.64 on Friday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.74 and a current ratio of 1.08. The stock has a 50-day simple moving average of $430.91 and a two-hundred day simple moving average of $427.26. The firm has a market capitalization of $48.38 billion, a PE ratio of 40.83, a P/E/G ratio of 2.14 and a beta of 1.51. Rockwell Automation, Inc. has a 52-week low of $347.53 and a 52-week high of $497.36.

Rockwell Automation (NYSE:ROK - Get Free Report) last announced its quarterly earnings data on Tuesday, August 4th. The industrial products company reported $3.49 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.38 by $0.11. The firm had revenue of $2.31 billion during the quarter, compared to analysts' expectations of $2.24 billion. Rockwell Automation had a net margin of 13.39% and a return on equity of 39.83%. The company's revenue for the quarter was up 7.9% compared to the same quarter last year. During the same period in the prior year, the company posted $2.82 earnings per share. Rockwell Automation has set its FY 2026 guidance at 13.000-13.300 EPS. Analysts forecast that Rockwell Automation, Inc. will post 13.26 EPS for the current year.

About Rockwell Automation

Rockwell Automation, Inc NYSE: ROK is a global provider of industrial automation and digital transformation technologies. The company helps manufacturers and industrial organizations improve productivity, safety, quality and operational efficiency through connected hardware, software and services.

Its product portfolio includes industrial control systems, programmable logic controllers, motor control and sensing equipment, industrial computers, safety products, networking technologies and power-control solutions.

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