1,582,224 Shares in Rockwell Automation, Inc. $ROK Acquired by Norges Bank

Norges Bank purchased a new position in Rockwell Automation, Inc. (NYSE:ROK) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,582,224 shares of the industrial products company’s stock, valued at approximately $615,596,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. HBK Sorce Advisory LLC grew its stake in shares of Rockwell Automation by 0.7% in the 4th quarter. HBK Sorce Advisory LLC now owns 3,719 shares of the industrial products company’s stock worth $1,544,000 after buying an additional 27 shares during the last quarter. Nations Financial Group Inc. IA ADV grew its stake in shares of Rockwell Automation by 2.0% in the 4th quarter. Nations Financial Group Inc. IA ADV now owns 1,446 shares of the industrial products company’s stock worth $563,000 after buying an additional 28 shares during the last quarter. Robertson Stephens Wealth Management LLC grew its stake in shares of Rockwell Automation by 2.4% in the 4th quarter. Robertson Stephens Wealth Management LLC now owns 1,202 shares of the industrial products company’s stock worth $468,000 after buying an additional 28 shares during the last quarter. Equitable Trust Co. grew its stake 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. Finally, Eukles Asset Management grew its stake in shares of Rockwell Automation by 0.3% in the 4th quarter. Eukles Asset Management now owns 9,596 shares of the industrial products company’s stock worth $3,734,000 after buying an additional 29 shares during the last quarter. Hedge funds and other institutional investors own 75.75% of the company’s stock.

Insider Activity

In other news, SVP Matthew W. Fordenwalt sold 1,200 shares of the stock in a transaction on Monday, April 13th. The stock was sold at an average price of $400.00, for a total transaction of $480,000.00. Following the transaction, the senior vice president directly owned 4,437 shares of the company’s stock, valued at $1,774,800. This represents a 21.29% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Matheus De A. G. Viera Bulho sold 1,250 shares of the stock in a transaction on Wednesday, April 8th. The shares were sold at an average price of $387.50, for a total value of $484,375.00. Following the transaction, the senior vice president directly owned 1,734 shares in the company, valued at $671,925. The trade was a 41.89% 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. Over the last three months, insiders sold 11,713 shares of company stock worth $5,066,717. Insiders own 0.76% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Weiss Ratings upgraded Rockwell Automation from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, March 25th. BNP Paribas Exane upped their price target on Rockwell Automation from $495.00 to $515.00 in a research note on Wednesday, May 6th. Jefferies Financial Group reiterated a “hold” rating and set a $380.00 target price (down from $490.00) on shares of Rockwell Automation in a research note on Tuesday, March 31st. Rothschild & Co Redburn increased their target price on Rockwell Automation from $365.00 to $378.00 in a research note on Wednesday, May 6th. Finally, Robert W. Baird cut their target price on Rockwell Automation from $435.00 to $410.00 and set an “outperform” rating on the stock in a research note on Monday, March 30th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $449.16.

Rockwell Automation Price Performance

NYSE ROK opened at $451.65 on Monday. The business’s fifty day moving average price is $408.81 and its 200-day moving average price is $401.60. The stock has a market capitalization of $50.25 billion, a price-to-earnings ratio of 46.95, a PEG ratio of 2.89 and a beta of 1.57. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.09 and a quick ratio of 0.76. Rockwell Automation, Inc. has a 1-year low of $305.44 and a 1-year high of $463.48.

Rockwell Automation (NYSE:ROK) last released its quarterly earnings results on Tuesday, May 5th. The industrial products company reported $3.30 earnings per share for the quarter, beating the consensus estimate of $2.88 by $0.42. The firm had revenue of $2.24 billion for the quarter, compared to analysts’ expectations of $2.16 billion. Rockwell Automation had a return on equity of 37.54% and a net margin of 12.36%.The company’s revenue was up 11.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.45 EPS. Rockwell Automation has set its FY 2026 guidance at 12.500-13.100 EPS. On average, equities analysts predict that Rockwell Automation, Inc. will post 13.01 earnings per share for the current year.

Rockwell Automation Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Monday, May 18th will be issued a dividend of $1.38 per share. This represents a $5.52 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend is Monday, May 18th. Rockwell Automation’s dividend payout ratio is presently 57.38%.

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.