Mirae Asset Global Investments Co. Ltd. Makes New $47.77 Million Investment in Rockwell Automation, Inc. $ROK

Key Points

• Mirae Asset Global Investments acquired 109,725 Rockwell Automation shares worth approximately $47.77 million, giving it a 0.10% stake; institutional investors collectively own 75.75% of the company.
• Rockwell Automation exceeded quarterly earnings and revenue expectations, reporting $3.49 in EPS and $2.31 billion in revenue, with revenue up 7.9% year over year. The company guided to fiscal 2026 EPS of $13.00–$13.30.
• The company raised its quarterly dividend from $1.38 to $1.45 per share, equivalent to $5.80 annually and a 1.3% yield. Analysts maintain a consensus “Hold” rating with an average price target of $468.

Mirae Asset Global Investments Co. Ltd. bought a new stake in Rockwell Automation, Inc. (NYSE:ROK - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 109,725 shares of the industrial products company's stock, valued at approximately $47,767,000. Mirae Asset Global Investments Co. Ltd. owned 0.10% of Rockwell Automation as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. BlackRock Inc. acquired a new stake in Rockwell Automation during the 2nd quarter worth about $6,129,376,000. State Street Corp lifted its stake in shares of Rockwell Automation by 5.3% in the 2nd quarter. State Street Corp now owns 5,323,990 shares of the industrial products company's stock valued at $2,635,801,000 after purchasing an additional 265,978 shares during the period. Legal & General Group Plc acquired a new position in shares of Rockwell Automation in the 2nd quarter valued at about $394,905,000. Amundi lifted its stake in shares of Rockwell Automation by 13.5% in the 1st quarter. Amundi now owns 998,374 shares of the industrial products company's stock valued at $358,296,000 after purchasing an additional 118,474 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. boosted its position in shares of Rockwell Automation by 0.4% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 981,885 shares of the industrial products company's stock valued at $352,379,000 after purchasing an additional 3,886 shares in the last quarter. Institutional investors and hedge funds own 75.75% of the company's stock.

Rockwell Automation Trading Down 0.1%

Shares of Rockwell Automation stock opened at $435.64 on Monday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.74 and a current ratio of 1.08. Rockwell Automation, Inc. has a 52 week low of $347.53 and a 52 week high of $497.36. The stock has a 50 day moving average price of $430.91 and a two-hundred day moving average price of $427.26. The stock has a market capitalization of $48.38 billion, a PE ratio of 40.83, a price-to-earnings-growth ratio of 2.07 and a beta of 1.51.

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

Rockwell Automation Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 10th. Shareholders of record on Monday, November 16th will be paid a $1.45 dividend. This represents a $5.80 dividend on an annualized basis and a dividend yield of 1.3%. This is a positive change from Rockwell Automation's previous quarterly dividend of $1.38. The ex-dividend date of this dividend is Monday, November 16th. Rockwell Automation's payout ratio is 51.73%.

Analyst Upgrades and Downgrades

ROK has been the topic of a number of research analyst reports. Mizuho cut their price target on Rockwell Automation from $445.00 to $430.00 and set a "neutral" rating on the stock in a report on Thursday, October 15th. DA Davidson reduced their price objective on shares of Rockwell Automation from $500.00 to $490.00 and set a "neutral" rating for the company in a research report on Friday, August 21st. Weiss Ratings upgraded shares of Rockwell Automation from a "buy (b-)" rating to a "buy (b)" rating in a research note on Monday, October 26th. Robert W. Baird set a $514.00 target price on shares of Rockwell Automation in a research report on Wednesday, August 5th. Finally, Zacks Research downgraded shares of Rockwell Automation from a "strong-buy" rating to a "hold" rating in a research report on Thursday, July 30th. Nine equities research analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the company's stock. According to data from MarketBeat.com, Rockwell Automation currently has an average rating of "Hold" and an average price target of $468.00.

Insider Buying and Selling at Rockwell Automation

In other news, SVP Matheus Bulho sold 467 shares of the business's stock in a transaction dated Monday, August 31st. The shares were sold at an average price of $426.96, for a total transaction of $199,390.32. Following the completion of the sale, the senior vice president directly owned 1,267 shares of the company's stock, valued at $540,958.32. The trade was a 26.93% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Isaac Woods sold 154 shares of the company's stock in a transaction dated Tuesday, September 8th. The stock was sold at an average price of $432.62, for a total transaction of $66,623.48. Following the completion of the sale, the vice president owned 1,858 shares in the company, valued at $803,807.96. This 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 over the last three months. Corporate insiders own 0.76% of the company's stock.

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.

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.