Rockwell Automation, Inc. $ROK Shares Bought by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. grew its stake in Rockwell Automation, Inc. (NYSE:ROK - Free Report) by 190.7% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 65,250 shares of the industrial products company's stock after buying an additional 42,802 shares during the quarter. Assenagon Asset Management S.A. owned 0.06% of Rockwell Automation worth $32,304,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Richards Merrill & Peterson Inc. raised its holdings in Rockwell Automation by 1.9% in the first quarter. Richards Merrill & Peterson Inc. now owns 1,358 shares of the industrial products company's stock valued at $487,000 after acquiring an additional 25 shares in the last quarter. Cidel Asset Management Inc. lifted its stake in Rockwell Automation by 4.6% in the first quarter. Cidel Asset Management Inc. now owns 574 shares of the industrial products company's stock worth $206,000 after acquiring an additional 25 shares during the last quarter. HBK Sorce Advisory LLC grew its holdings in Rockwell Automation by 0.7% during the 4th quarter. HBK Sorce Advisory LLC now owns 3,719 shares of the industrial products company's stock worth $1,544,000 after acquiring an additional 27 shares in the last quarter. Johnson Investment Counsel Inc. grew its holdings in Rockwell Automation by 1.9% during the 4th quarter. Johnson Investment Counsel Inc. now owns 1,412 shares of the industrial products company's stock worth $549,000 after acquiring an additional 27 shares in the last quarter. Finally, Nations Financial Group Inc. IA ADV increased its position in shares of Rockwell Automation by 2.0% in the 4th quarter. Nations Financial Group Inc. IA ADV now owns 1,446 shares of the industrial products company's stock valued at $563,000 after purchasing an additional 28 shares during the last quarter. 75.75% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. Mizuho set a $445.00 price objective on shares of Rockwell Automation in a report on Wednesday, May 6th. Citigroup dropped their target price on Rockwell Automation from $555.00 to $536.00 and set a "buy" rating on the stock in a report on Wednesday. Morgan Stanley restated an "overweight" rating and issued a $525.00 price target on shares of Rockwell Automation in a research note on Wednesday, May 6th. Wall Street Zen downgraded Rockwell Automation from a "buy" rating to a "hold" rating in a report on Saturday, May 2nd. Finally, Rothschild & Co Redburn upped their price objective on Rockwell Automation from $365.00 to $378.00 in a research report on Wednesday, May 6th. Nine equities research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $468.05.

Insider Activity

In related news, SVP Matthew W. Fordenwalt sold 377 shares of the company's stock in a transaction dated Thursday, June 4th. The stock was 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 directly owned 4,437 shares of the company's stock, valued at $2,043,282.87. This represents a 7.83% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP John M. Miller sold 1,054 shares of the company's stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $426.02, for a total value of $449,025.08. Following the completion of the sale, the vice president directly owned 5,615 shares of the company's stock, valued at approximately $2,392,102.30. This trade represents a 15.80% 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. In the last ninety days, insiders have sold 1,649 shares of company stock worth $722,119. Corporate insiders own 0.76% of the company's stock.

Rockwell Automation Stock Down 0.2%

Shares of NYSE:ROK opened at $440.95 on Friday. The company has a market capitalization of $48.97 billion, a PE ratio of 41.33, a P/E/G ratio of 2.58 and a beta of 1.54. The company has a current ratio of 1.08, a quick ratio of 0.76 and a debt-to-equity ratio of 0.74. Rockwell Automation, Inc. has a twelve month low of $328.70 and a twelve month high of $497.36. The firm has a 50 day simple moving average of $464.99 and a 200-day simple moving average of $425.44.

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 (EPS) for the quarter, beating 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 during the quarter, compared to analysts' expectations of $2.24 billion. During the same quarter in the prior year, the business posted $2.82 EPS. The company'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. On average, equities analysts predict that Rockwell Automation, Inc. will post 13.19 EPS for the current fiscal year.

Rockwell Automation Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Monday, August 17th will be paid a $1.38 dividend. This represents a $5.52 annualized dividend and a yield of 1.3%. The ex-dividend date is Monday, August 17th. Rockwell Automation's dividend payout ratio is currently 51.73%.

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

Rockwell Automation Company 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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