Sanctuary Advisors LLC bought a new position in Rockwell Automation, Inc. (NYSE:ROK - Free Report) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 17,720 shares of the industrial products company's stock, valued at approximately $8,773,000.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Flputnam Investment Management Co. purchased a new position in Rockwell Automation in the second quarter valued at about $1,001,000. Mandatum Life Insurance Co Ltd lifted its position in shares of Rockwell Automation by 26.9% during the first quarter. Mandatum Life Insurance Co Ltd now owns 22,200 shares of the industrial products company's stock valued at $7,967,000 after buying an additional 4,700 shares during the last quarter. Brighton Jones LLC bought a new stake in shares of Rockwell Automation in the 4th quarter valued at about $281,000. Handelsbanken Fonder AB boosted its holdings in shares of Rockwell Automation by 24.6% in the 4th quarter. Handelsbanken Fonder AB now owns 169,457 shares of the industrial products company's stock valued at $65,931,000 after buying an additional 33,413 shares in the last quarter. Finally, Crossmark Global Holdings Inc. grew its position in shares of Rockwell Automation by 197.9% in the 4th quarter. Crossmark Global Holdings Inc. now owns 13,905 shares of the industrial products company's stock worth $5,410,000 after buying an additional 9,238 shares during the last quarter. Institutional investors own 75.75% of the company's stock.
Analysts Set New Price Targets
ROK has been the subject of several analyst reports. Evercore set a $485.00 price objective on Rockwell Automation in a report on Wednesday, August 5th. Morgan Stanley reaffirmed an "overweight" rating and issued a $525.00 price objective on shares of Rockwell Automation in a report on Wednesday, May 6th. Rothschild & Co Redburn raised their target price on Rockwell Automation from $365.00 to $378.00 in a report on Wednesday, May 6th. Zacks Research lowered shares of Rockwell Automation from a "strong-buy" rating to a "hold" rating in a research report on Thursday, July 30th. Finally, Sanford C. Bernstein boosted their price objective on Rockwell Automation from $501.00 to $514.00 and gave the company a "market perform" rating in a research report on Friday, August 14th. Nine equities research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, Rockwell Automation currently has an average rating of "Hold" and a consensus target price of $468.19.
Check Out Our Latest Report on Rockwell Automation
Insider Activity at Rockwell Automation
In other Rockwell Automation news, CFO Christian E. Rothe sold 590 shares of the business's stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $434.30, for a total transaction of $256,237.00. Following the sale, the chief financial officer directly owned 10,429 shares in the company, valued at $4,529,314.70. This represents a 5.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 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. Also, SVP Matthew W. Fordenwalt sold 377 shares of the stock in a transaction dated Thursday, June 4th. The stock was sold at an average price of $460.51, for a total transaction of $173,612.27. Following the sale, the senior vice president directly owned 4,437 shares in the company, valued at $2,043,282.87. This represents a 7.83% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 1,185 shares of company stock worth $529,331. Company insiders own 0.76% of the company's stock.
Rockwell Automation Stock Performance
NYSE ROK opened at $429.60 on Tuesday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.74 and a current ratio of 1.08. The stock's fifty day moving average is $461.30 and its two-hundred day moving average is $426.98. The firm has a market capitalization of $47.71 billion, a P/E ratio of 40.26, a price-to-earnings-growth ratio of 2.55 and a beta of 1.54. Rockwell Automation, Inc. has a fifty-two week low of $332.71 and a fifty-two week high of $497.36.
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, topping analysts' consensus estimates of $3.38 by $0.11. The business had revenue of $2.31 billion during the quarter, compared to the consensus estimate of $2.24 billion. Rockwell Automation had a return on equity of 39.83% and a net margin of 13.39%.The company's revenue for the quarter was up 7.9% on a year-over-year basis. During the same period last year, the company earned $2.82 EPS. Rockwell Automation has set its FY 2026 guidance at 13.000-13.300 EPS. On average, research analysts anticipate that Rockwell Automation, Inc. will post 13.21 earnings per share for the current year.
Rockwell Automation Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Monday, August 17th will be given a $1.38 dividend. The ex-dividend date of this dividend is Monday, August 17th. This represents a $5.52 dividend on an annualized basis and a yield of 1.3%. Rockwell Automation's dividend payout ratio is presently 51.73%.
Rockwell Automation announced that its Board of Directors has authorized a stock repurchase program on Tuesday, June 9th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the industrial products company to purchase up to 2% of its shares through open market purchases. Shares buyback programs are generally an indication that the company's leadership believes its shares are undervalued.
About Rockwell Automation
(
Free Report)
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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