Osmosis Investment Management UK Ltd bought 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 13F filing with the SEC. The fund bought 23,301 shares of the industrial products company's stock, valued at approximately $11,536,000.
Other institutional investors have also recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new position in Rockwell Automation in the second quarter valued at about $6,129,376,000. Norges Bank acquired a new stake in shares of Rockwell Automation in the fourth quarter valued at about $615,596,000. Northwestern Mutual Wealth Management Co. grew its stake in shares of Rockwell Automation by 5,925.6% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 906,192 shares of the industrial products company's stock valued at $352,572,000 after buying an additional 891,153 shares in the last quarter. Bank of New York Mellon Corp purchased a new stake in shares of Rockwell Automation during the 2nd quarter valued at about $300,589,000. Finally, Deutsche Bank AG purchased a new stake in shares of Rockwell Automation during the 2nd quarter valued at about $210,342,000. 75.75% of the stock is owned by hedge funds and other institutional investors.
Rockwell Automation Stock Up 0.1%
Shares of NYSE ROK opened at $437.50 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 1 year low of $332.71 and a 1 year high of $497.36. The stock's 50-day simple moving average is $461.98 and its 200-day simple moving average is $426.98. The firm has a market cap of $48.58 billion, a price-to-earnings ratio of 41.00, a PEG ratio of 2.55 and a beta of 1.54.
Rockwell Automation (NYSE:ROK - Get Free Report) last issued its quarterly earnings results on Tuesday, August 4th. The industrial products company reported $3.49 EPS for the quarter, beating 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 firm had revenue of $2.31 billion during the quarter, compared to the consensus estimate of $2.24 billion. During the same quarter in the prior year, the business posted $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 13.21 earnings per share for the current fiscal year.
Rockwell Automation declared that its Board of Directors has approved a stock repurchase program on Tuesday, June 9th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the industrial products company to reacquire up to 2% of its shares through open market purchases. Shares buyback programs are usually a sign that the company's board believes its stock is undervalued.
Rockwell Automation Announces Dividend
The business 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. The ex-dividend date of this dividend is Monday, August 17th. This represents a $5.52 dividend on an annualized basis and a dividend yield of 1.3%. Rockwell Automation's dividend payout ratio (DPR) is presently 51.73%.
Insiders Place Their Bets
In related news, SVP Matthew W. Fordenwalt sold 377 shares of Rockwell Automation stock in a transaction on Thursday, June 4th. The shares were sold at an average price of $460.51, for a total value of $173,612.27. Following the completion of the sale, the senior vice president owned 4,437 shares in the company, valued at approximately $2,043,282.87. The trade was a 7.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible 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 the company's stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $434.30, for a total transaction of $256,237.00. Following the completion of the sale, the chief financial officer directly owned 10,429 shares in the company, valued at $4,529,314.70. This represents a 5.35% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 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. In the last 90 days, insiders sold 1,185 shares of company stock valued at $529,331. Insiders own 0.76% of the company's stock.
Wall Street Analysts Forecast Growth
Several equities analysts recently commented on the company. Wall Street Zen lowered Rockwell Automation from a "buy" rating to a "hold" rating in a research report on Saturday, May 2nd. Rothschild & Co Redburn increased their price objective on shares of Rockwell Automation from $365.00 to $378.00 in a research report on Wednesday, May 6th. Zacks Research lowered shares of Rockwell Automation from a "strong-buy" rating to a "hold" rating in a research note on Thursday, July 30th. Wells Fargo & Company boosted their target price on shares of Rockwell Automation from $360.00 to $440.00 and gave the stock an "equal weight" rating in a research report on Wednesday, May 6th. Finally, Sanford C. Bernstein upped their target price on shares of Rockwell Automation from $501.00 to $514.00 and gave the company a "market perform" rating in a research note on Friday, August 14th. Nine investment analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $468.19.
Read Our Latest Research Report on ROK
Rockwell Automation Profile
(
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.
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