Primecap Management Co. CA bought a new position in Rockwell Automation, Inc. (NYSE:ROK - Free Report) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor bought 254,360 shares of the industrial products company's stock, valued at approximately $125,929,000. Primecap Management Co. CA owned 0.23% of Rockwell Automation at the end of the most recent reporting period.
Several other institutional investors also recently modified their holdings of the business. Virtus Advisers LLC bought a new stake in Rockwell Automation during the second quarter worth about $25,000. MV Capital Management Inc. purchased a new stake in Rockwell Automation in the fourth quarter worth about $28,000. Manchester Capital Management LLC increased its stake in shares of Rockwell Automation by 97.5% during the fourth 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 in the last quarter. Cassaday & Co Wealth Management LLC bought a new position in shares of Rockwell Automation during the first quarter valued at approximately $31,000. Finally, BOK Financial Private Wealth Inc. purchased a new position in shares of Rockwell Automation during the fourth quarter valued at approximately $33,000. 75.75% of the stock is currently owned by institutional investors.
Rockwell Automation Stock Up 0.1%
Shares of Rockwell Automation stock opened at $430.01 on Wednesday. Rockwell Automation, Inc. has a twelve month low of $332.71 and a twelve month high of $497.36. The company has a quick ratio of 0.74, a current ratio of 1.08 and a debt-to-equity ratio of 0.74. The company's 50 day moving average is $460.57 and its 200 day moving average is $426.97. The company has a market cap of $47.75 billion, a price-to-earnings ratio of 40.30, a price-to-earnings-growth ratio of 2.51 and a beta of 1.54.
Rockwell Automation (NYSE:ROK - Get Free Report) last posted its earnings results on Tuesday, August 4th. The industrial products company reported $3.49 EPS for the quarter, topping analysts' consensus estimates of $3.38 by $0.11. The business had revenue of $2.31 billion during the quarter, compared to the consensus estimate of $2.24 billion. Rockwell Automation had a net margin of 13.39% and a return on equity of 39.83%. The firm's revenue was up 7.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.82 EPS. Rockwell Automation has set its FY 2026 guidance at 13.000-13.300 EPS. Research analysts anticipate that Rockwell Automation, Inc. will post 13.21 EPS for the current year.
Rockwell Automation Dividend Announcement
The company also recently disclosed 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. 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 payout ratio is presently 51.73%.
Rockwell Automation declared that its board has initiated a share repurchase program 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 buy up to 2% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company's management believes its stock is undervalued.
Wall Street Analysts Forecast Growth
A number of research analysts recently weighed in on ROK shares. DA Davidson reduced their price objective on Rockwell Automation from $500.00 to $490.00 and set a "neutral" rating for the company in a research report on Friday. JPMorgan Chase & Co. increased their target price on Rockwell Automation from $404.00 to $417.00 and gave the stock a "neutral" rating in a research note on Wednesday, May 6th. Wall Street Zen cut Rockwell Automation from a "buy" rating to a "hold" rating in a research note on Saturday, May 2nd. Barclays raised their price target on Rockwell Automation from $400.00 to $480.00 and gave the company an "overweight" rating in a report on Wednesday, May 6th. Finally, Weiss Ratings reiterated a "buy (b-)" rating on shares of Rockwell Automation in a research note on Thursday, June 18th. Nine analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company. Based on data from MarketBeat.com, Rockwell Automation has a consensus rating of "Hold" and a consensus target price of $468.19.
Get Our Latest Research Report on Rockwell Automation
Insider Buying and Selling at Rockwell Automation
In other Rockwell Automation news, CFO Christian E. Rothe sold 590 shares of the firm's 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 directly owned 10,429 shares of the company's stock, valued at approximately $4,529,314.70. This trade represents a 5.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 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. Also, SVP Matthew W. Fordenwalt sold 377 shares of the business's stock in a transaction dated Thursday, June 4th. The shares were sold at an average price of $460.51, for a total value 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 represents a 7.83% 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. Insiders sold 1,185 shares of company stock valued at $529,331 in the last ninety days. 0.76% of the stock is currently owned by corporate insiders.
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.
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