Rockwell Automation, Inc. $ROK Shares Bought by State Street Corp

Key Points

• State Street increased its Rockwell Automation stake by 5.3% in the second quarter, adding 265,978 shares and bringing its holdings to 5.32 million shares worth approximately $2.64 billion. Institutional investors own 75.75% of the company.
• Analyst sentiment remains mixed, with nine Buy ratings and twelve Holds producing an overall “Hold” consensus and an average price target of $469.14.
• Rockwell exceeded quarterly expectations, reporting $3.49 in adjusted EPS and $2.31 billion in revenue, while also authorizing a $1 billion share-repurchase program covering up to 2% of its outstanding stock.

State Street Corp raised its holdings in Rockwell Automation, Inc. (NYSE:ROK - Free Report) by 5.3% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,323,990 shares of the industrial products company's stock after buying an additional 265,978 shares during the period. State Street Corp owned approximately 4.79% of Rockwell Automation worth $2,635,801,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the stock. Flputnam Investment Management Co. purchased a new stake in shares of Rockwell Automation in the 2nd quarter valued at approximately $1,001,000. Mandatum Life Insurance Co Ltd lifted its position in shares of Rockwell Automation by 26.9% during the 1st quarter. Mandatum Life Insurance Co Ltd now owns 22,200 shares of the industrial products company's stock worth $7,967,000 after purchasing an additional 4,700 shares during the last quarter. Lombard Odier Asset Management Europe Ltd grew its stake in shares of Rockwell Automation by 54.2% during the first quarter. Lombard Odier Asset Management Europe Ltd now owns 36,211 shares of the industrial products company's stock worth $12,995,000 after purchasing an additional 12,727 shares in the last quarter. Hsbc Holdings PLC increased its holdings in Rockwell Automation by 19.6% in the fourth quarter. Hsbc Holdings PLC now owns 274,512 shares of the industrial products company's stock valued at $106,965,000 after buying an additional 44,944 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd increased its holdings in Rockwell Automation by 145.8% in the fourth quarter. Y Intercept Hong Kong Ltd now owns 26,123 shares of the industrial products company's stock valued at $10,164,000 after buying an additional 15,496 shares during the last quarter. Hedge funds and other institutional investors own 75.75% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on ROK shares. Robert W. Baird set a $514.00 price target on Rockwell Automation in a report on Wednesday, August 5th. Morgan Stanley raised their target price on Rockwell Automation from $525.00 to $545.00 and gave the stock an "overweight" rating in a research report on Wednesday, September 2nd. Citigroup decreased their target price on Rockwell Automation from $555.00 to $536.00 and set a "buy" rating for the company in a research note on Wednesday, August 5th. Sanford C. Bernstein increased their price target 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. Finally, Weiss Ratings reissued a "buy (b-)" rating on shares of Rockwell Automation in a report on Monday, September 14th. Nine equities research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $469.14.

Insider Buying and Selling

In related news, Director Patricia A. Watson sold 1,100 shares of Rockwell Automation stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of $431.43, for a total transaction of $474,573.00. Following the completion of the sale, the director owned 6,385 shares in the company, valued at approximately $2,754,680.55. This trade represents a 14.70% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Isaac Woods sold 154 shares of the company's stock in a transaction dated Tuesday, September 8th. The shares were sold at an average price of $432.62, for a total transaction of $66,623.48. Following the completion of the transaction, the vice president owned 1,858 shares in the company, valued at approximately $803,807.96. This trade represents a 7.65% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 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 ninety days, insiders sold 2,711 shares of company stock valued at $1,164,880. 0.76% of the stock is owned by insiders.

Rockwell Automation Stock Up 0.7%

Rockwell Automation stock opened at $427.70 on Wednesday. Rockwell Automation, Inc. has a twelve month low of $332.71 and a twelve month high of $497.36. The stock has a 50 day moving average of $441.50 and a two-hundred day moving average of $430.43. The company has a current ratio of 1.08, a quick ratio of 0.74 and a debt-to-equity ratio of 0.74. The stock has a market capitalization of $47.50 billion, a price-to-earnings ratio of 40.08, a PEG ratio of 2.48 and a beta of 1.52.

Rockwell Automation (NYSE:ROK - Get Free Report) last released its earnings results on Tuesday, August 4th. The industrial products company reported $3.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.38 by $0.11. Rockwell Automation had a return on equity of 39.83% and a net margin of 13.39%.The company had revenue of $2.31 billion for the quarter, compared to analysts' expectations of $2.24 billion. During the same quarter in the previous year, the firm posted $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. As a group, research analysts expect that Rockwell Automation, Inc. will post 13.24 earnings per share for the current year.

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

Rockwell Automation Company Profile

Rockwell Automation, Inc NYSE: ROK is a global provider of industrial automation and digital transformation technologies. The company helps manufacturers and other industrial organizations improve productivity, safety, quality and operational efficiency by connecting control systems, equipment, software and data across production environments.

Its portfolio includes programmable logic controllers, industrial computers, sensors, motor control and drives, motion-control systems, safety equipment, human-machine interfaces and industrial networking technologies.

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