Lansforsakringar Fondforvaltning AB publ Has $12.90 Million Stock Holdings in Rockwell Automation, Inc. $ROK

Key Points

• Lansforsakringar Fondforvaltning AB publ cut its Rockwell Automation stake by 38.7% in the first quarter, leaving it with 35,949 shares worth about $12.9 million.
• Rockwell Automation recently reported better-than-expected quarterly results, with EPS of $3.30 versus $2.88 expected and revenue up 11.9% year over year. The company also raised its FY2026 EPS guidance to 12.5 to 13.1.
• The company announced a $1.0 billion share repurchase program and a quarterly dividend of $1.38 per share, while analysts currently have an overall Hold rating and a consensus target price of $462.82.

Lansforsakringar Fondforvaltning AB publ decreased its stake in Rockwell Automation, Inc. (NYSE:ROK - Free Report) by 38.7% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 35,949 shares of the industrial products company's stock after selling 22,664 shares during the quarter. Lansforsakringar Fondforvaltning AB publ's holdings in Rockwell Automation were worth $12,901,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the stock. Vanguard Group Inc. raised its holdings in shares of Rockwell Automation by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 14,206,311 shares of the industrial products company's stock worth $5,527,249,000 after acquiring an additional 114,469 shares in the last quarter. State Street Corp increased its position in Rockwell Automation by 4.2% in the 4th quarter. State Street Corp now owns 4,996,130 shares of the industrial products company's stock worth $1,943,844,000 after purchasing an additional 202,705 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Rockwell Automation by 0.6% during the 4th quarter. Geode Capital Management LLC now owns 2,924,501 shares of the industrial products company's stock worth $1,133,397,000 after purchasing an additional 17,855 shares in the last quarter. Morgan Stanley lifted its holdings in shares of Rockwell Automation by 10.4% during the 4th quarter. Morgan Stanley now owns 2,921,840 shares of the industrial products company's stock valued at $1,136,801,000 after buying an additional 276,021 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its holdings in shares of Rockwell Automation by 1.2% during the 4th quarter. Goldman Sachs Group Inc. now owns 2,104,985 shares of the industrial products company's stock valued at $818,986,000 after buying an additional 24,719 shares during the last quarter. Institutional investors and hedge funds own 75.75% of the company's stock.

Analyst Ratings Changes

ROK has been the topic of several recent research reports. DA Davidson initiated coverage on shares of Rockwell Automation in a research report on Tuesday, June 16th. They set a "neutral" rating and a $500.00 price objective on the stock. BNP Paribas Exane boosted their target price on shares of Rockwell Automation from $495.00 to $515.00 in a research report on Wednesday, May 6th. Morgan Stanley restated an "overweight" rating and set a $525.00 price target on shares of Rockwell Automation in a report on Wednesday, May 6th. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Rockwell Automation in a research note on Thursday, June 18th. Finally, Wells Fargo & Company upped their price objective on shares of Rockwell Automation from $360.00 to $440.00 and gave the stock an "equal weight" rating in a report on Wednesday, May 6th. Ten research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $462.82.

Rockwell Automation Stock Down 2.3%

Shares of Rockwell Automation stock opened at $483.66 on Thursday. The stock has a market capitalization of $53.82 billion, a P/E ratio of 50.28, a PEG ratio of 3.16 and a beta of 1.54. The company has a quick ratio of 0.76, a current ratio of 1.09 and a debt-to-equity ratio of 0.72. The stock has a 50 day moving average price of $449.70 and a two-hundred day moving average price of $413.85. Rockwell Automation, Inc. has a 12-month low of $305.44 and a 12-month high of $497.36.

Rockwell Automation (NYSE:ROK - Get Free Report) last announced its quarterly earnings results on Tuesday, May 5th. The industrial products company reported $3.30 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $2.16 billion. During the same quarter last year, the company posted $2.45 earnings per share. The company's revenue for the quarter was up 11.9% compared to the same quarter last year. Rockwell Automation has set its FY 2026 guidance at 12.500-13.100 EPS. Equities analysts expect that Rockwell Automation, Inc. will post 13.05 earnings per share for the current year.

Rockwell Automation Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Monday, August 17th will be issued a $1.38 dividend. This represents a $5.52 annualized dividend and a yield of 1.1%. The ex-dividend date is Monday, August 17th. Rockwell Automation's dividend payout ratio (DPR) is 57.38%.

Rockwell Automation announced that its board has initiated a share buyback plan on Tuesday, June 9th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the industrial products company to reacquire up to 2% of its shares through open market purchases. Shares repurchase plans are often a sign that the company's leadership believes its stock is undervalued.

Insider Transactions at Rockwell Automation

In other Rockwell Automation news, VP John M. Miller sold 1,054 shares of the business's stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $426.02, for a total transaction of $449,025.08. Following the completion of the transaction, the vice president owned 5,615 shares of the company's stock, valued at $2,392,102.30. The trade was a 15.80% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Terry L. Riesterer sold 4,024 shares of the company's stock in a transaction dated Thursday, May 7th. The shares were sold at an average price of $451.97, for a total transaction of $1,818,727.28. Following the sale, the vice president owned 134 shares of the company's stock, valued at $60,563.98. This trade represents a 96.78% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 12,009 shares of company stock worth $5,232,471. Corporate insiders own 0.76% of the company's stock.

Rockwell Automation 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.

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.