Truist Financial Corp Has $44.60 Million Holdings in Rockwell Automation, Inc. $ROK

Truist Financial Corp decreased its position in shares of Rockwell Automation, Inc. (NYSE:ROK) by 4.6% in the third quarter, Holdings Channel.com reports. The firm owned 127,601 shares of the industrial products company’s stock after selling 6,201 shares during the period. Truist Financial Corp’s holdings in Rockwell Automation were worth $44,600,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of ROK. Brighton Jones LLC bought a new position in shares of Rockwell Automation during the 4th quarter worth about $281,000. AQR Capital Management LLC lifted its position in Rockwell Automation by 75.9% during the 1st quarter. AQR Capital Management LLC now owns 8,139 shares of the industrial products company’s stock worth $2,059,000 after buying an additional 3,513 shares in the last quarter. Empowered Funds LLC lifted its position in shares of Rockwell Automation by 142.7% during the first quarter. Empowered Funds LLC now owns 7,305 shares of the industrial products company’s stock worth $1,887,000 after purchasing an additional 4,295 shares in the last quarter. Acadian Asset Management LLC raised its position in shares of Rockwell Automation by 233.6% during the first quarter. Acadian Asset Management LLC now owns 1,878 shares of the industrial products company’s stock worth $484,000 after acquiring an additional 1,315 shares during the last quarter. Finally, GC Wealth Management RIA LLC acquired a new stake in Rockwell Automation during the 2nd quarter worth $336,000. Institutional investors and hedge funds own 75.75% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on ROK. Morgan Stanley upped their price objective on Rockwell Automation from $435.00 to $440.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 13th. Jefferies Financial Group raised their target price on shares of Rockwell Automation from $450.00 to $470.00 and gave the stock a “buy” rating in a report on Wednesday, December 10th. Zacks Research cut shares of Rockwell Automation from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 12th. Wells Fargo & Company increased their price objective on shares of Rockwell Automation from $380.00 to $410.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 7th. Finally, The Goldman Sachs Group upgraded shares of Rockwell Automation from a “sell” rating to a “neutral” rating and boosted their price objective for the company from $329.00 to $448.00 in a research report on Tuesday, December 16th. Two analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $410.12.

Rockwell Automation Trading Up 2.8%

Shares of ROK opened at $426.63 on Friday. The business has a 50-day moving average of $403.70 and a 200 day moving average of $369.70. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.77 and a current ratio of 1.14. Rockwell Automation, Inc. has a fifty-two week low of $215.00 and a fifty-two week high of $429.58. The firm has a market cap of $47.90 billion, a P/E ratio of 55.70, a price-to-earnings-growth ratio of 2.91 and a beta of 1.52.

Rockwell Automation (NYSE:ROK) last released its earnings results on Thursday, November 6th. The industrial products company reported $3.34 EPS for the quarter, beating analysts’ consensus estimates of $2.94 by $0.40. Rockwell Automation had a return on equity of 32.69% and a net margin of 10.42%.The business had revenue of $4.63 billion for the quarter, compared to analysts’ expectations of $2.19 billion. During the same quarter in the prior year, the firm earned $2.47 earnings per share. The firm’s revenue was up 13.8% on a year-over-year basis. Rockwell Automation has set its FY 2026 guidance at 11.200-12.200 EPS. As a group, research analysts forecast that Rockwell Automation, Inc. will post 9.35 EPS for the current year.

Insider Activity

In related news, SVP Matthew W. Fordenwalt sold 146 shares of the stock in a transaction that occurred on Wednesday, December 10th. The stock was sold at an average price of $402.48, for a total transaction of $58,762.08. Following the completion of the transaction, the senior vice president directly owned 4,437 shares of the company’s stock, valued at approximately $1,785,803.76. This represents a 3.19% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Cyril Perducat sold 804 shares of Rockwell Automation stock in a transaction on Wednesday, December 10th. The stock was sold at an average price of $402.05, for a total transaction of $323,248.20. Following the transaction, the senior vice president directly owned 5,858 shares of the company’s stock, valued at $2,355,208.90. The trade was a 12.07% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 87,231 shares of company stock valued at $34,418,889. Company insiders own 0.76% of the company’s stock.

About Rockwell Automation

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.