OMERS ADMINISTRATION Corp purchased a new stake in shares of Rockwell Automation, Inc. (NYSE:ROK - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 12,949 shares of the industrial products company's stock, valued at approximately $6,411,000.
Several other hedge funds have also added to or reduced their stakes in ROK. Virtus Advisers LLC bought a new stake in Rockwell Automation during the 2nd quarter worth about $25,000. MV Capital Management Inc. acquired a new position in Rockwell Automation during the 4th quarter valued at about $28,000. Manchester Capital Management LLC boosted its stake in shares of Rockwell Automation by 97.5% in the 4th quarter. Manchester Capital Management LLC now owns 79 shares of the industrial products company's stock valued at $31,000 after purchasing an additional 39 shares during the last quarter. Cassaday & Co Wealth Management LLC bought a new position in shares of Rockwell Automation in the 1st quarter valued at about $31,000. Finally, BOK Financial Private Wealth Inc. acquired a new stake in shares of Rockwell Automation during the 4th quarter worth approximately $33,000. Institutional investors own 75.75% of the company's stock.
Insider Buying and Selling at Rockwell Automation
In related news, SVP Matthew W. Fordenwalt sold 377 shares of the firm's stock in a transaction on Thursday, June 4th. The stock was sold at an average price of $460.51, for a total transaction of $173,612.27. Following the sale, the senior vice president owned 4,437 shares of the company's stock, valued at approximately $2,043,282.87. This trade represents a 7.83% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Christian E. Rothe sold 590 shares of Rockwell Automation stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $434.30, for a total value of $256,237.00. Following the transaction, the chief financial officer owned 10,429 shares in the company, valued at approximately $4,529,314.70. This represents a 5.35% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 1,185 shares of company stock valued at $529,331 in the last three months. 0.76% of the stock is owned by company insiders.
Rockwell Automation Stock Performance
Shares of NYSE:ROK opened at $429.60 on Tuesday. The firm's 50 day simple moving average is $461.30 and its 200 day simple moving average is $426.98. Rockwell Automation, Inc. has a fifty-two week low of $332.71 and a fifty-two week high of $497.36. The company has a market capitalization of $47.71 billion, a price-to-earnings ratio of 40.26, a P/E/G ratio of 2.55 and a beta of 1.54. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.08 and a quick ratio of 0.74.
Rockwell Automation (NYSE:ROK - Get Free Report) last issued its quarterly earnings data on Tuesday, August 4th. The industrial products company reported $3.49 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.38 by $0.11. Rockwell Automation had a net margin of 13.39% and a return on equity of 39.83%. The firm 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 company earned $2.82 earnings per share. The business'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, sell-side analysts forecast that Rockwell Automation, Inc. will post 13.21 earnings per share for the current year.
Rockwell Automation declared that its board has authorized a stock buyback plan on Tuesday, June 9th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the industrial products company to reacquire up to 2% of its stock through open market purchases. Stock buyback plans are often a sign that the company's board of directors believes its stock is undervalued.
Rockwell Automation Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Monday, August 17th will be given a dividend of $1.38 per share. This represents a $5.52 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend is Monday, August 17th. Rockwell Automation's dividend payout ratio (DPR) is currently 51.73%.
Wall Street Analyst Weigh In
A number of equities research analysts recently weighed in on ROK shares. Wells Fargo & Company boosted their price target on shares of Rockwell Automation from $360.00 to $440.00 and gave the stock an "equal weight" rating in a research note on Wednesday, May 6th. Zacks Research cut shares of Rockwell Automation from a "strong-buy" rating to a "hold" rating in a research note on Thursday, July 30th. HSBC lifted their target price on shares of Rockwell Automation from $445.00 to $490.00 in a report on Wednesday, May 6th. The Goldman Sachs Group increased their price target on Rockwell Automation from $448.00 to $487.00 in a research note on Wednesday, May 6th. Finally, Weiss Ratings restated a "buy (b-)" rating on shares of Rockwell Automation in a research report on Thursday, June 18th. Nine analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Rockwell Automation currently has a consensus rating of "Hold" and an average target price of $468.19.
Read Our Latest Stock Analysis on ROK
About Rockwell Automation
(
Free Report)
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.
Read More
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.
Continue following MarketBeat
Add MarketBeat as your preferred source on Google to see our latest stories in your feed.
Before you consider Rockwell Automation, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Rockwell Automation wasn't on the list.
While Rockwell Automation currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Learn the basics of options trading and how to use them to boost returns and manage risk with this free report from MarketBeat. Click the link below to get your free copy.
Get This Free Report
