Northwestern Mutual Wealth Management Co. Has $14.71 Million Stake in Rockwell Automation, Inc. $ROK

Key Points

• Northwestern Mutual Wealth Management increased its Rockwell Automation stake by 46.2% in the second quarter, bringing its holdings to 29,714 shares valued at approximately $14.71 million. Institutional investors collectively own 75.75% of the company.
• Rockwell Automation exceeded quarterly expectations, reporting $3.49 in EPS on $2.31 billion in revenue, with revenue up 7.9% year over year. The company also authorized a $1 billion share-repurchase plan and declared a quarterly dividend of $1.38 per share.
• Analyst sentiment remains mixed, with nine Buy ratings and twelve Hold ratings, producing an overall “Hold” consensus and an average price target of $469.14. Shares opened at $425.07, below the 52-week high of $497.36.

Northwestern Mutual Wealth Management Co. raised its stake in shares of Rockwell Automation, Inc. (NYSE:ROK - Free Report) by 46.2% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 29,714 shares of the industrial products company's stock after purchasing an additional 9,383 shares during the quarter. Northwestern Mutual Wealth Management Co.'s holdings in Rockwell Automation were worth $14,711,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Wedbush Securities Inc. grew its position in Rockwell Automation by 12.0% during the second quarter. Wedbush Securities Inc. now owns 3,685 shares of the industrial products company's stock worth $1,824,000 after buying an additional 396 shares in the last quarter. Meiji Yasuda Life Insurance Co bought a new stake in shares of Rockwell Automation in the 2nd quarter worth approximately $982,000. Greenwood Capital Associates LLC acquired a new stake in shares of Rockwell Automation during the 2nd quarter worth approximately $2,297,000. Capital Advisors Inc. OK grew its holdings in shares of Rockwell Automation by 1.4% during the 2nd quarter. Capital Advisors Inc. OK now owns 149,600 shares of the industrial products company's stock worth $74,064,000 after purchasing an additional 2,074 shares in the last quarter. Finally, Trustmark Bank Trust Department bought a new stake in shares of Rockwell Automation during the second quarter valued at approximately $290,000. Institutional investors own 75.75% of the company's stock.

Insider Activity

In other news, Director Patricia A. Watson sold 1,100 shares of the business's stock in a transaction that occurred on Thursday, August 27th. The stock was sold at an average price of $431.43, for a total value of $474,573.00. Following the transaction, the director directly owned 6,385 shares of the company's stock, valued at $2,754,680.55. The trade was a 14.70% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Matheus De A. G. Viera Bulho sold 467 shares of the stock in a transaction that occurred on Monday, August 31st. The stock was sold at an average price of $426.96, for a total value of $199,390.32. Following the sale, the senior vice president owned 1,267 shares in the company, valued at approximately $540,958.32. This trade represents a 26.93% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 2,557 shares of company stock worth $1,098,256. Insiders own 0.76% of the company's stock.

Analyst Upgrades and Downgrades

ROK has been the topic of a number of recent research reports. TD Cowen lifted their price target on shares of Rockwell Automation from $350.00 to $400.00 and gave the stock a "hold" rating in a research note on Wednesday, May 13th. Citigroup reduced their price objective on shares of Rockwell Automation from $555.00 to $536.00 and set a "buy" rating for the company in a report on Wednesday, August 5th. Weiss Ratings reissued a "buy (b-)" rating on shares of Rockwell Automation in a research note on Thursday, June 18th. Argus increased their price target on shares of Rockwell Automation from $465.00 to $530.00 and gave the stock a "buy" rating in a research report on Wednesday, June 24th. Finally, Rothschild & Co Redburn raised their price target on shares of Rockwell Automation from $365.00 to $378.00 in a research note on Wednesday, May 6th. Nine investment analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $469.14.

Rockwell Automation Stock Up 1.8%

Shares of NYSE ROK opened at $425.07 on Thursday. Rockwell Automation, Inc. has a 52-week low of $332.71 and a 52-week high of $497.36. 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 has a fifty day moving average of $455.75 and a two-hundred day moving average of $427.89. The stock has a market cap of $47.20 billion, a PE ratio of 39.84, a PEG ratio of 2.44 and a beta of 1.52.

Rockwell Automation (NYSE:ROK - Get Free Report) last posted its earnings results 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 net margin of 13.39% and a return on equity of 39.83%. The business had revenue of $2.31 billion for the quarter, compared to analyst estimates of $2.24 billion. During the same quarter in the prior year, the firm earned $2.82 EPS. The firm's quarterly 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. As a group, equities research analysts expect that Rockwell Automation, Inc. will post 13.21 earnings per share for the current fiscal year.

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

Rockwell Automation Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Monday, August 17th will be issued a dividend of $1.38 per share. The ex-dividend date of this dividend is Monday, August 17th. This represents a $5.52 annualized dividend and a dividend yield of 1.3%. Rockwell Automation's dividend payout ratio (DPR) is presently 51.73%.

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.

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