28,551 Rockwell Automation, Inc. $ROK Shares Sold by Sterling Capital Management LLC

Sterling Capital Management LLC cut its stake in Rockwell Automation, Inc. (NYSE:ROK) by 33.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 57,166 shares of the industrial products company’s stock after selling 28,551 shares during the period. Sterling Capital Management LLC’s holdings in Rockwell Automation were worth $24,886,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of ROK. Virtus Advisers LLC bought a new stake in shares of Rockwell Automation in the second quarter worth $25,000. Cassaday & Co Wealth Management LLC bought a new position in shares of Rockwell Automation in the 1st quarter valued at about $31,000. Lodestone Wealth Management LLC acquired a new stake in shares of Rockwell Automation in the third quarter valued at about $40,000. Polaris Financial Partners acquired a new stake in shares of Rockwell Automation in the third quarter valued at about $42,000. Finally, Ascentis Independent Advisors bought a new stake in Rockwell Automation during the first quarter worth about $43,000. Institutional investors and hedge funds own 75.75% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently commented on ROK. Mizuho reduced their price target on Rockwell Automation from $445.00 to $430.00 and set a “neutral” rating for the company in a research report on Thursday, October 15th. Evercore set a $485.00 price objective on shares of Rockwell Automation in a research report on Wednesday, August 5th. Weiss Ratings restated a “buy (b-)” rating on shares of Rockwell Automation in a research report on Monday, September 14th. The Goldman Sachs Group reduced their price target on shares of Rockwell Automation from $510.00 to $485.00 and set a “neutral” rating on the stock in a research note on Wednesday, September 30th. Finally, Deutsche Bank Aktiengesellschaft increased their target price on Rockwell Automation from $469.00 to $500.00 and gave the company a “hold” rating in a research report on Wednesday, September 30th. Nine analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the stock. According to data from MarketBeat, Rockwell Automation currently has an average rating of “Hold” and an average target price of $468.00.

Rockwell Automation Trading Up 0.5%

Shares of Rockwell Automation stock traded up $1.91 during midday trading on Friday, reaching $425.78. The company had a trading volume of 1,158,401 shares, compared to its average volume of 825,456. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.08 and a quick ratio of 0.74. Rockwell Automation, Inc. has a fifty-two week low of $347.53 and a fifty-two week high of $497.36. The stock has a fifty day moving average price of $430.47 and a 200 day moving average price of $441.53. The firm has a market cap of $47.28 billion, a PE ratio of 39.90, a P/E/G ratio of 2.01 and a beta of 1.51.

Rockwell Automation (NYSE:ROK) 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 net margin of 13.39% and a return on equity of 39.83%. 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 previous year, the company earned $2.82 EPS. The company’s revenue for the quarter was up 7.9% on a year-over-year basis. Rockwell Automation has set its FY 2026 guidance at 13.000-13.300 EPS. On average, equities analysts anticipate that Rockwell Automation, Inc. will post 13.26 earnings per share for the current year.

Insider Activity

In related news, Director Patricia Watson sold 1,100 shares of the business’s stock in a transaction on Thursday, August 27th. The shares were sold at an average price of $431.43, for a total value of $474,573.00. Following the transaction, the director owned 6,385 shares in the company, valued at $2,754,680.55. The trade was a 14.70% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Isaac Woods sold 154 shares of the company’s stock in a transaction on Tuesday, September 8th. The shares were sold at an average price of $432.62, for a total transaction of $66,623.48. Following the sale, the vice president directly owned 1,858 shares in the company, valued at $803,807.96. This trade represents a 7.65% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 2,711 shares of company stock worth $1,164,880 over the last ninety days. Corporate insiders own 0.76% of the company’s stock.

About Rockwell Automation

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.