Rockwell Automation, Inc. $ROK Stake Raised by Davis Rea LTD.

Key Points

• Davis Rea LTD. increased its Rockwell Automation stake by 89.2% in the third quarter, acquiring 5,000 additional shares for a total of 10,604 shares valued at approximately $4.6 million. Institutional investors collectively own 75.75% of the stock.
• Analyst sentiment remains mixed, with nine Buy ratings and thirteen Hold ratings. Rockwell has a consensus rating of Hold and an average price target of $469.82, compared with a recent share price of $432.01.
• Rockwell exceeded quarterly earnings and revenue expectations, reporting $3.49 in EPS and $2.31 billion in revenue, while revenue rose 7.9% year over year. Meanwhile, company insiders sold 2,711 shares worth about $1.16 million over the past three months.

Davis Rea LTD. grew its stake in shares of Rockwell Automation, Inc. (NYSE:ROK - Free Report) by 89.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,604 shares of the industrial products company's stock after buying an additional 5,000 shares during the period. Rockwell Automation accounts for approximately 1.3% of Davis Rea LTD.'s portfolio, making the stock its 23rd largest holding. Davis Rea LTD.'s holdings in Rockwell Automation were worth $4,616,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Courier Capital LLC grew its position in shares of Rockwell Automation by 88.7% during the 3rd quarter. Courier Capital LLC now owns 8,346 shares of the industrial products company's stock valued at $3,633,000 after purchasing an additional 3,924 shares in the last quarter. Ring Mountain Capital LLC increased its holdings in shares of Rockwell Automation by 21.7% in the third quarter. Ring Mountain Capital LLC now owns 499 shares of the industrial products company's stock worth $217,000 after purchasing an additional 89 shares during the period. Sax Wealth Advisors LLC increased its holdings in shares of Rockwell Automation by 12.5% in the third quarter. Sax Wealth Advisors LLC now owns 665 shares of the industrial products company's stock worth $289,000 after purchasing an additional 74 shares during the period. NorthCrest Asset Manangement LLC raised its position in shares of Rockwell Automation by 3.7% in the third quarter. NorthCrest Asset Manangement LLC now owns 27,012 shares of the industrial products company's stock worth $11,727,000 after buying an additional 968 shares in the last quarter. Finally, Wedmont Private Capital raised its position in shares of Rockwell Automation by 8.1% in the third quarter. Wedmont Private Capital now owns 3,352 shares of the industrial products company's stock worth $1,455,000 after buying an additional 251 shares in the last quarter. 75.75% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently commented on ROK. Wells Fargo & Company started coverage on Rockwell Automation in a research report on Thursday, September 24th. They set an "equal weight" rating and a $426.00 target price for the company. Deutsche Bank Aktiengesellschaft upped their target price on Rockwell Automation from $469.00 to $500.00 and gave the stock a "hold" rating in a research note on Wednesday, September 30th. Argus raised their price target on Rockwell Automation from $465.00 to $530.00 and gave the company a "buy" rating in a report on Wednesday, June 24th. Zacks Research downgraded Rockwell Automation from a "strong-buy" rating to a "hold" rating in a research report on Thursday, July 30th. Finally, The Goldman Sachs Group dropped their price target on Rockwell Automation from $510.00 to $485.00 and set a "neutral" rating for the company in a research report on Wednesday, September 30th. Nine investment analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $469.82.

Rockwell Automation Price Performance

Shares of NYSE ROK traded down $1.96 during mid-day trading on Tuesday, reaching $432.01. 919,883 shares of the company were exchanged, compared to its average volume of 849,920. Rockwell Automation, Inc. has a 52 week low of $335.17 and a 52 week 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 stock has a market capitalization of $47.97 billion, a PE ratio of 40.49, a PEG ratio of 2.05 and a beta of 1.51. The company's 50 day moving average price is $433.50 and its 200 day moving average price is $438.31.

Rockwell Automation (NYSE:ROK - Get Free Report) last announced 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. The company had revenue of $2.31 billion during the quarter, compared to analyst estimates of $2.24 billion. Rockwell Automation had a net margin of 13.39% and a return on equity of 39.83%. The firm's quarterly revenue was up 7.9% compared to the same quarter last year. During the same period in the previous year, the business earned $2.82 earnings per share. Rockwell Automation has set its FY 2026 guidance at 13.000-13.300 EPS. Sell-side analysts forecast that Rockwell Automation, Inc. will post 13.25 earnings per share for the current fiscal year.

Insider Transactions at Rockwell Automation

In other news, Director Patricia A. Watson sold 1,100 shares of the 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 transaction, the director directly owned 6,385 shares in the company, valued at approximately $2,754,680.55. This represents a 14.70% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Matheus De A. G. Viera Bulho sold 400 shares of the firm's stock in a transaction dated Wednesday, September 2nd. The shares were sold at an average price of $420.14, for a total value of $168,056.00. Following the transaction, the senior vice president directly owned 867 shares in the company, valued at approximately $364,261.38. This represents a 31.57% 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. In the last three months, insiders sold 2,711 shares of company stock worth $1,164,880. 0.76% of the stock is currently owned by company insiders.

About Rockwell Automation

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

Its offerings include programmable logic controllers, industrial computers, motor control and drives, sensors, safety systems, human-machine interfaces, and other control and electrical products.

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