Heron Bay Capital Management Cuts Position in Rockwell Automation, Inc. $ROK

Heron Bay Capital Management decreased its position in Rockwell Automation, Inc. (NYSE:ROK) by 7.3% during the third quarter, HoldingsChannel.com reports. The fund owned 39,633 shares of the industrial products company’s stock after selling 3,107 shares during the quarter. Rockwell Automation comprises 2.6% of Heron Bay Capital Management’s investment portfolio, making the stock its 14th biggest position. Heron Bay Capital Management’s holdings in Rockwell Automation were worth $13,853,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Annis Gardner Whiting Capital Advisors LLC raised its stake in Rockwell Automation by 7.1% during the third quarter. Annis Gardner Whiting Capital Advisors LLC now owns 440 shares of the industrial products company’s stock valued at $154,000 after purchasing an additional 29 shares in the last quarter. Equitable Trust Co. increased its holdings in shares of Rockwell Automation by 1.1% in the 3rd quarter. Equitable Trust Co. now owns 2,598 shares of the industrial products company’s stock worth $908,000 after buying an additional 29 shares during the last quarter. J. Safra Sarasin Holding AG raised its position in shares of Rockwell Automation by 2.2% during the 3rd quarter. J. Safra Sarasin Holding AG now owns 1,384 shares of the industrial products company’s stock valued at $484,000 after buying an additional 30 shares in the last quarter. Fragasso Financial Advisors Inc raised its position in shares of Rockwell Automation by 3.6% during the 3rd quarter. Fragasso Financial Advisors Inc now owns 902 shares of the industrial products company’s stock valued at $315,000 after buying an additional 31 shares in the last quarter. Finally, Dynamic Advisor Solutions LLC lifted its holdings in shares of Rockwell Automation by 3.3% in the 3rd quarter. Dynamic Advisor Solutions LLC now owns 1,015 shares of the industrial products company’s stock valued at $355,000 after acquiring an additional 32 shares during the last quarter. 75.75% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Wells Fargo & Company upped their price objective on Rockwell Automation from $380.00 to $410.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 7th. Barclays increased their price target on Rockwell Automation from $435.00 to $450.00 and gave the company an “overweight” rating in a report on Wednesday, January 7th. Rothschild & Co Redburn lifted their price objective on shares of Rockwell Automation from $335.00 to $365.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 21st. Morgan Stanley reissued an “overweight” rating and issued a $460.00 target price on shares of Rockwell Automation in a research note on Sunday, February 8th. Finally, Zacks Research downgraded shares of Rockwell Automation from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 12th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat.com, Rockwell Automation presently has a consensus rating of “Moderate Buy” and an average price target of $418.33.

Insider Buying and Selling at Rockwell Automation

In related news, VP Scott Genereux sold 17,407 shares of the business’s stock in a transaction that occurred on Wednesday, February 25th. The shares were sold at an average price of $404.61, for a total transaction of $7,043,046.27. Following the completion of the transaction, the vice president owned 3,314 shares in the company, valued at $1,340,877.54. The trade was a 84.01% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Isaac Woods sold 1,271 shares of the stock in a transaction on Wednesday, February 25th. The shares were sold at an average price of $405.69, for a total value of $515,631.99. Following the sale, the vice president owned 1,687 shares of the company’s stock, valued at approximately $684,399.03. This represents a 42.97% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 66,918 shares of company stock worth $27,101,084. 0.76% of the stock is currently owned by company insiders.

Rockwell Automation Price Performance

ROK opened at $378.13 on Friday. The company has a market capitalization of $42.49 billion, a price-to-earnings ratio of 43.26, a PEG ratio of 2.74 and a beta of 1.53. The company has a current ratio of 1.16, a quick ratio of 0.80 and a debt-to-equity ratio of 0.68. Rockwell Automation, Inc. has a 12-month low of $215.00 and a 12-month high of $438.72. The business’s fifty day simple moving average is $407.05 and its 200-day simple moving average is $379.45.

Rockwell Automation (NYSE:ROK) last released its quarterly earnings data on Thursday, February 5th. The industrial products company reported $2.75 earnings per share for the quarter, beating the consensus estimate of $2.46 by $0.29. Rockwell Automation had a return on equity of 34.92% and a net margin of 11.56%.The firm had revenue of $2.11 billion during the quarter, compared to the consensus estimate of $2.08 billion. During the same period in the previous year, the company posted $1.83 earnings per share. The firm’s quarterly revenue was up 11.9% on a year-over-year basis. Rockwell Automation has set its FY 2026 guidance at 11.400-12.200 EPS. On average, equities research analysts anticipate that Rockwell Automation, Inc. will post 9.35 earnings per share for the current fiscal year.

Rockwell Automation Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 10th. Shareholders of record on Monday, February 23rd will be issued a dividend of $1.38 per share. The ex-dividend date is Monday, February 23rd. This represents a $5.52 dividend on an annualized basis and a yield of 1.5%. Rockwell Automation’s dividend payout ratio is currently 63.16%.

Rockwell Automation Company Profile

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.