Rockwell Automation, Inc. $ROK Shares Bought by PensionDanmark Pensionsforsikringsaktieselskab

Key Points

• PensionDanmark increased its Rockwell Automation stake by 7.9% in the second quarter, adding 2,707 shares to hold 36,876 shares worth approximately $18.3 million. Institutional investors and hedge funds collectively own 75.75% of the company.
• Rockwell Automation exceeded quarterly expectations, reporting $3.49 EPS and $2.31 billion in revenue, with revenue up 7.9% year over year. The company also authorized a $1 billion share buyback, equivalent to up to 2% of outstanding shares.
• The company declared a quarterly dividend of $1.38 per share, or $5.52 annualized, yielding about 1.3%. Analysts maintain a consensus “Hold” rating with an average price target of $468.05.

PensionDanmark Pensionsforsikringsaktieselskab raised its stake in Rockwell Automation, Inc. (NYSE:ROK - Free Report) by 7.9% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 36,876 shares of the industrial products company's stock after buying an additional 2,707 shares during the period. PensionDanmark Pensionsforsikringsaktieselskab's holdings in Rockwell Automation were worth $18,257,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Brighton Jones LLC acquired a new position in Rockwell Automation during the fourth quarter worth $281,000. AQR Capital Management LLC grew its holdings in Rockwell Automation by 75.9% in the first quarter. AQR Capital Management LLC now owns 8,139 shares of the industrial products company's stock valued at $2,059,000 after purchasing an additional 3,513 shares during the last quarter. Empowered Funds LLC increased its position in shares of Rockwell Automation by 142.7% in the first quarter. Empowered Funds LLC now owns 7,305 shares of the industrial products company's stock valued at $1,887,000 after buying an additional 4,295 shares in the last quarter. Acadian Asset Management LLC increased its position in shares of Rockwell Automation by 233.6% in the first quarter. Acadian Asset Management LLC now owns 1,878 shares of the industrial products company's stock valued at $484,000 after buying an additional 1,315 shares in the last quarter. Finally, Jump Financial LLC acquired a new position in shares of Rockwell Automation during the 2nd quarter worth $868,000. 75.75% of the stock is currently owned by institutional investors and hedge funds.

Rockwell Automation Trading Down 0.2%

Shares of Rockwell Automation stock opened at $440.95 on Friday. Rockwell Automation, Inc. has a fifty-two week low of $328.70 and a fifty-two week high of $497.36. The firm has a market cap 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 business's fifty day moving average is $464.99 and its two-hundred day moving average is $425.44. The company has a quick ratio of 0.76, a current ratio of 1.08 and a debt-to-equity ratio of 0.74.

Rockwell Automation (NYSE:ROK - Get Free Report) last issued its quarterly earnings results on Tuesday, August 4th. The industrial products company reported $3.49 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to analyst estimates of $2.24 billion. During the same period last year, the company earned $2.82 EPS. The firm's quarterly revenue was up 7.9% on a year-over-year basis. Rockwell Automation has set its FY 2026 guidance at 13.000-13.300 EPS. Analysts anticipate that Rockwell Automation, Inc. will post 13.19 earnings per share for the current year.

Rockwell Automation announced that its Board of Directors has initiated a share buyback program on Tuesday, June 9th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the industrial products company to buy up to 2% of its stock through open market purchases. Stock buyback programs are generally a sign that the company's board believes its shares are undervalued.

Rockwell Automation Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Monday, August 17th will be paid 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 payout ratio is currently 51.73%.

Insider Buying and Selling at Rockwell Automation

In related news, VP John M. Miller sold 1,054 shares of Rockwell Automation stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $426.02, for a total value of $449,025.08. Following the transaction, the vice president owned 5,615 shares in the company, valued at approximately $2,392,102.30. This trade represents a 15.80% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 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 directly 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 disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 1,649 shares of company stock valued at $722,119 over the last three months. Corporate insiders own 0.76% of the company's stock.

Wall Street Analyst Weigh In

ROK has been the topic of several recent research reports. JPMorgan Chase & Co. boosted their price objective on shares of Rockwell Automation from $404.00 to $417.00 and gave the stock a "neutral" rating in a research report on Wednesday, May 6th. Morgan Stanley restated an "overweight" rating and set a $525.00 target price on shares of Rockwell Automation in a report on Wednesday, May 6th. Zacks Research cut shares of Rockwell Automation from a "strong-buy" rating to a "hold" rating in a research report on Thursday, July 30th. HSBC upped their price target on shares of Rockwell Automation from $445.00 to $490.00 in a report on Wednesday, May 6th. Finally, Evercore set a $485.00 price objective on Rockwell Automation in a research report on Wednesday. Nine equities research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the stock. According to MarketBeat, Rockwell Automation currently has a consensus rating of "Hold" and an average target price of $468.05.

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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