1,481 Shares in Rockwell Automation, Inc. $ROK Acquired by Meridian Wealth Management LLC

Meridian Wealth Management LLC bought a new position in shares of Rockwell Automation, Inc. (NYSE:ROK) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 1,481 shares of the industrial products company’s stock, valued at approximately $576,000.

A number of other institutional investors and hedge funds have also bought and sold shares of ROK. JPMorgan Chase & Co. raised its stake in Rockwell Automation by 122.3% in the third quarter. JPMorgan Chase & Co. now owns 819,708 shares of the industrial products company’s stock valued at $286,522,000 after purchasing an additional 451,038 shares in the last quarter. Balyasny Asset Management L.P. raised its stake in Rockwell Automation by 1,666.2% in the third quarter. Balyasny Asset Management L.P. now owns 321,722 shares of the industrial products company’s stock valued at $112,451,000 after purchasing an additional 303,506 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its stake in Rockwell Automation by 126.2% in the third quarter. Arrowstreet Capital Limited Partnership now owns 321,964 shares of the industrial products company’s stock valued at $112,536,000 after purchasing an additional 179,606 shares in the last quarter. Schroder Investment Management Group raised its stake in Rockwell Automation by 167.2% in the third quarter. Schroder Investment Management Group now owns 260,172 shares of the industrial products company’s stock valued at $89,637,000 after purchasing an additional 162,805 shares in the last quarter. Finally, Worldquant Millennium Advisors LLC raised its stake in Rockwell Automation by 81.3% in the second quarter. Worldquant Millennium Advisors LLC now owns 333,161 shares of the industrial products company’s stock valued at $110,666,000 after purchasing an additional 149,379 shares in the last quarter. 75.75% of the stock is owned by hedge funds and other institutional investors.

Rockwell Automation Stock Up 0.2%

Shares of NYSE ROK opened at $455.82 on Friday. The company has a quick ratio of 0.76, a current ratio of 1.09 and a debt-to-equity ratio of 0.72. Rockwell Automation, Inc. has a 52 week low of $298.70 and a 52 week high of $463.48. The firm’s fifty day moving average is $391.61 and its 200 day moving average is $395.57. The company has a market cap of $50.72 billion, a price-to-earnings ratio of 47.38, a PEG ratio of 2.93 and a beta of 1.56.

Rockwell Automation (NYSE:ROK) last issued its earnings results on Tuesday, May 5th. The industrial products company reported $3.30 EPS for the quarter, topping the consensus estimate of $2.88 by $0.42. The company had revenue of $2.24 billion for the quarter, compared to the consensus estimate of $2.16 billion. Rockwell Automation had a net margin of 12.36% and a return on equity of 37.54%. The firm’s revenue for the quarter was up 11.9% on a year-over-year basis. During the same period in the previous year, the firm earned $2.45 earnings per share. Rockwell Automation has set its FY 2026 guidance at 12.500-13.100 EPS. On average, equities research analysts expect that Rockwell Automation, Inc. will post 12.93 earnings per share for the current year.

Rockwell Automation Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Monday, May 18th will be paid a $1.38 dividend. The ex-dividend date of this dividend is Monday, May 18th. This represents a $5.52 annualized dividend and a dividend yield of 1.2%. Rockwell Automation’s dividend payout ratio (DPR) is presently 57.38%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on ROK shares. TD Cowen raised their target price on shares of Rockwell Automation from $350.00 to $400.00 and gave the company a “hold” rating in a research note on Wednesday. Mizuho set a $445.00 target price on shares of Rockwell Automation in a research note on Wednesday, May 6th. HSBC raised their target price on shares of Rockwell Automation from $445.00 to $490.00 in a research note on Wednesday, May 6th. KeyCorp raised their target price on shares of Rockwell Automation from $470.00 to $510.00 and gave the company an “overweight” rating in a research note on Wednesday, May 6th. Finally, JPMorgan Chase & Co. raised their target price on shares of Rockwell Automation from $404.00 to $417.00 and gave the company a “neutral” rating in a research note on Wednesday, May 6th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and ten have given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $449.16.

Insider Buying and Selling

In related news, VP Terry L. Riesterer sold 4,024 shares of the firm’s stock in a transaction dated Thursday, May 7th. The stock was sold at an average price of $451.97, for a total value of $1,818,727.28. Following the sale, the vice president directly owned 134 shares of the company’s stock, valued at $60,563.98. This trade represents a 96.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Matthew W. Fordenwalt sold 600 shares of the firm’s stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $449.58, for a total value of $269,748.00. Following the completion of the sale, the senior vice president directly owned 4,437 shares in the company, valued at $1,994,786.46. The trade was a 11.91% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 59,087 shares of company stock valued at $24,296,483 over the last ninety days. Corporate insiders own 0.76% of the company’s stock.

Rockwell Automation 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.