Rockwell Automation, Inc. $ROK Stock: Smith Group Asset Management LLC Lowers Holdings

Key Points

• Smith Group Asset Management cut its Rockwell Automation stake by 82.6% in the third quarter, leaving it with 1,075 shares valued at approximately $468,000. Institutional investors and hedge funds collectively own 75.75% of the company.
• Rockwell reported quarterly earnings of $3.49 per share, exceeding estimates of $3.38, while revenue rose 7.9% year over year to $2.31 billion. The company provided fiscal 2026 EPS guidance of $13.00–$13.30.
• Analyst sentiment remains cautious, with a consensus rating of Hold and an average price target of $468, compared with the stock’s reported price of $451.99. Insiders have sold 2,711 shares worth about $1.16 million over the past 90 days.

Smith Group Asset Management LLC cut its stake in shares of Rockwell Automation, Inc. (NYSE:ROK - Free Report) by 82.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,075 shares of the industrial products company's stock after selling 5,096 shares during the quarter. Smith Group Asset Management LLC's holdings in Rockwell Automation were worth $468,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in ROK. BlackRock Inc. purchased a new stake in Rockwell Automation during the 2nd quarter valued at about $6,129,376,000. State Street Corp increased its holdings in shares of Rockwell Automation by 5.3% in the second quarter. State Street Corp now owns 5,323,990 shares of the industrial products company's stock valued at $2,635,801,000 after purchasing an additional 265,978 shares during the period. Amundi raised its stake in shares of Rockwell Automation by 13.5% in the first quarter. Amundi now owns 998,374 shares of the industrial products company's stock worth $358,296,000 after purchasing an additional 118,474 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. raised its stake in shares of Rockwell Automation by 0.4% in the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 981,885 shares of the industrial products company's stock worth $352,379,000 after purchasing an additional 3,886 shares during the last quarter. Finally, Legal & General Group Plc purchased a new position in shares of Rockwell Automation in the second quarter worth about $394,905,000. 75.75% of the stock is owned by institutional investors and hedge funds.

Rockwell Automation Stock Performance

NYSE ROK opened at $451.99 on Friday. The stock has a 50-day simple moving average of $430.83 and a two-hundred day simple moving average of $427.16. The firm has a market capitalization of $50.19 billion, a P/E ratio of 42.36, a PEG ratio of 2.10 and a beta of 1.51. Rockwell Automation, Inc. has a fifty-two week low of $347.53 and a fifty-two week high of $497.36. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.74 and a current ratio of 1.08.

Rockwell Automation (NYSE:ROK - Get Free Report) last issued 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. 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 the consensus estimate of $2.24 billion. During the same quarter in the prior year, the business earned $2.82 earnings per share. The company's revenue was up 7.9% compared to the same quarter last year. Rockwell Automation has set its FY 2026 guidance at 13.000-13.300 EPS. On average, equities analysts forecast that Rockwell Automation, Inc. will post 13.26 earnings per share for the current year.

Insider Buying and Selling

In other Rockwell Automation news, SVP Matheus Bulho sold 467 shares of the business's stock in a transaction that occurred on Monday, August 31st. The stock was sold at an average price of $426.96, for a total value of $199,390.32. Following the completion of the transaction, the senior vice president directly owned 1,267 shares of the company's stock, valued at approximately $540,958.32. The trade was a 26.93% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Christian Rothe sold 590 shares of the business's stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $434.30, for a total value of $256,237.00. Following the completion of the transaction, the chief financial officer directly owned 10,429 shares of the company's stock, valued at $4,529,314.70. The trade was a 5.35% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 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. Insiders have sold a total of 2,711 shares of company stock valued at $1,164,880 in the last ninety days. Insiders own 0.76% of the company's stock.

Analysts Set New Price Targets

ROK has been the subject of a number of research reports. Mizuho decreased their target price on Rockwell Automation from $445.00 to $430.00 and set a "neutral" rating for the company in a report on Thursday, October 15th. The Goldman Sachs Group reduced their price target on shares of Rockwell Automation from $510.00 to $485.00 and set a "neutral" rating for the company in a research report on Wednesday, September 30th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Rockwell Automation from $469.00 to $500.00 and gave the company a "hold" rating in a research note on Wednesday, September 30th. Evercore set a $485.00 price objective on shares of Rockwell Automation in a report on Wednesday, August 5th. Finally, DA Davidson cut their price objective on shares of Rockwell Automation from $500.00 to $490.00 and set a "neutral" rating on the stock in a research note on Friday, August 21st. Nine research analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $468.00.

Rockwell Automation Profile

Rockwell Automation, Inc NYSE: ROK is a global provider of industrial automation and digital transformation technologies. The company helps manufacturers and industrial organizations improve productivity, safety, quality and operational efficiency through connected hardware, software and services.

Its product portfolio includes industrial control systems, programmable logic controllers, motor control and sensing equipment, industrial computers, safety products, networking technologies and power-control solutions.

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