IPG Investment Advisors LLC Purchases New Position in Rockwell Automation, Inc. $ROK

IPG Investment Advisors LLC acquired a new position in Rockwell Automation, Inc. (NYSE:ROK - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,750 shares of the industrial products company's stock, valued at approximately $2,352,000.

A number of other institutional investors have also recently added to or reduced their stakes in ROK. Brighton Jones LLC bought a new position in shares of Rockwell Automation during the 4th quarter valued at $281,000. AQR Capital Management LLC boosted its holdings in Rockwell Automation by 75.9% in the first quarter. AQR Capital Management LLC now owns 8,139 shares of the industrial products company's stock worth $2,059,000 after purchasing an additional 3,513 shares in the last quarter. Empowered Funds LLC increased its position in Rockwell Automation by 142.7% during the first quarter. Empowered Funds LLC now owns 7,305 shares of the industrial products company's stock worth $1,887,000 after buying an additional 4,295 shares during the last quarter. Acadian Asset Management LLC increased its position in Rockwell Automation by 233.6% during the first quarter. Acadian Asset Management LLC now owns 1,878 shares of the industrial products company's stock worth $484,000 after buying an additional 1,315 shares during the last quarter. Finally, Jump Financial LLC bought a new position in Rockwell Automation during the second quarter valued at about $868,000. 75.75% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Patricia A. Watson sold 1,100 shares of the firm's stock in a transaction on Thursday, August 27th. The shares were sold at an average price of $431.43, for a total value of $474,573.00. Following the sale, the director owned 6,385 shares in the company, valued at approximately $2,754,680.55. This trade represents a 14.70% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Isaac Woods sold 154 shares of the business's stock in a transaction on Tuesday, September 8th. The stock was sold at an average price of $432.62, for a total transaction of $66,623.48. Following the transaction, the vice president directly owned 1,858 shares in the company, valued at $803,807.96. This trade represents a 7.65% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 2,711 shares of company stock valued at $1,164,880 in the last three months. 0.76% of the stock is owned by corporate insiders.

Rockwell Automation Trading Down 0.6%

Rockwell Automation stock opened at $426.73 on Thursday. 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 business's 50-day simple moving average is $450.53 and its 200-day simple moving average is $429.20. The firm has a market capitalization of $47.39 billion, a PE ratio of 39.99, a PEG ratio of 2.50 and a beta of 1.52. Rockwell Automation, Inc. has a 52 week low of $332.71 and a 52 week high of $497.36.

Rockwell Automation (NYSE:ROK - Get Free Report) last posted its quarterly earnings data on Tuesday, August 4th. The industrial products company reported $3.49 earnings per share for the quarter, topping the consensus estimate of $3.38 by $0.11. Rockwell Automation had a return on equity of 39.83% and a net margin of 13.39%.The business had revenue of $2.31 billion during the quarter, compared to analysts' expectations of $2.24 billion. During the same quarter in the previous year, the firm earned $2.82 EPS. The firm's 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. Equities research analysts forecast that Rockwell Automation, Inc. will post 13.23 earnings per share for the current year.

Rockwell Automation announced that its board has initiated a stock repurchase program on Tuesday, June 9th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the industrial products company to purchase up to 2% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company's board of directors believes its stock is undervalued.

Analyst Ratings Changes

A number of analysts have weighed in on ROK shares. DA Davidson reduced their price target on Rockwell Automation from $500.00 to $490.00 and set a "neutral" rating for the company in a research report on Friday, August 21st. Sanford C. Bernstein boosted their target price on Rockwell Automation from $501.00 to $514.00 and gave the stock a "market perform" rating in a report on Friday, August 14th. Citigroup lowered their price target on Rockwell Automation from $555.00 to $536.00 and set a "buy" rating on the stock in a report on Wednesday, August 5th. Morgan Stanley lifted their price target on shares of Rockwell Automation from $525.00 to $545.00 and gave the company an "overweight" rating in a research report on Wednesday, September 2nd. Finally, Evercore set a $485.00 price objective on shares of Rockwell Automation in a research note on Wednesday, August 5th. Nine equities research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $469.14.

About Rockwell Automation

Rockwell Automation, Inc NYSE: ROK is a global provider of industrial automation and digital transformation technologies. The company helps manufacturers and other industrial organizations improve productivity, safety, quality and operational efficiency by connecting control systems, equipment, software and data across production environments.

Its portfolio includes programmable logic controllers, industrial computers, sensors, motor control and drives, motion-control systems, safety equipment, human-machine interfaces and industrial networking technologies.

Want to see what other hedge funds are holding ROK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Rockwell Automation, Inc. (NYSE:ROK - Free Report).

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.