Lido Advisors LLC Acquires 1,715 Shares of Rockwell Automation, Inc. $ROK

Lido Advisors LLC grew its holdings in Rockwell Automation, Inc. (NYSE:ROK) by 27.3% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 7,992 shares of the industrial products company’s stock after buying an additional 1,715 shares during the quarter. Lido Advisors LLC’s holdings in Rockwell Automation were worth $2,868,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. Norges Bank purchased a new stake in Rockwell Automation in the fourth quarter worth $615,596,000. Northwestern Mutual Wealth Management Co. increased its position in Rockwell Automation by 5,925.6% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 906,192 shares of the industrial products company’s stock valued at $352,572,000 after purchasing an additional 891,153 shares during the period. Eurizon Capital SGR S.p.A. purchased a new position in Rockwell Automation during the 4th quarter valued at $156,017,000. Invesco Ltd. raised its holdings in Rockwell Automation by 25.0% in the 4th quarter. Invesco Ltd. now owns 1,545,104 shares of the industrial products company’s stock worth $601,154,000 after purchasing an additional 309,316 shares in the last quarter. Finally, Balyasny Asset Management L.P. raised its holdings in Rockwell Automation by 1,666.2% in the 3rd quarter. Balyasny Asset Management L.P. now owns 321,722 shares of the industrial products company’s stock worth $112,451,000 after purchasing an additional 303,506 shares in the last quarter. 75.75% of the stock is currently owned by institutional investors.

Rockwell Automation Trading Up 0.4%

Shares of NYSE ROK opened at $462.55 on Friday. Rockwell Automation, Inc. has a 1 year low of $305.44 and a 1 year high of $497.36. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.09 and a quick ratio of 0.76. The firm has a 50-day moving average of $461.94 and a 200 day moving average of $422.04. The stock has a market cap of $51.47 billion, a P/E ratio of 48.08, a price-to-earnings-growth ratio of 2.95 and a beta of 1.54.

Rockwell Automation (NYSE:ROK) last announced its quarterly earnings data on Tuesday, May 5th. The industrial products company reported $3.30 earnings per share for the quarter, topping analysts’ consensus estimates of $2.88 by $0.42. Rockwell Automation had a net margin of 12.36% and a return on equity of 37.54%. The business had revenue of $2.24 billion for the quarter, compared to analysts’ expectations of $2.16 billion. During the same quarter in the prior year, the company earned $2.45 earnings per share. The business’s revenue was up 11.9% compared to the same quarter last year. Rockwell Automation has set its FY 2026 guidance at 12.500-13.100 EPS. As a group, sell-side analysts expect that Rockwell Automation, Inc. will post 13.06 EPS for the current fiscal year.

Rockwell Automation Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Monday, August 17th will be paid a $1.38 dividend. The ex-dividend date is Monday, August 17th. This represents a $5.52 annualized dividend and a dividend yield of 1.2%. Rockwell Automation’s dividend payout ratio is presently 57.38%.

Rockwell Automation declared that its Board of Directors has initiated a stock repurchase program on Tuesday, June 9th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the industrial products company to purchase up to 2% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s board believes its shares are undervalued.

Wall Street Analyst Weigh In

ROK has been the topic of a number of research reports. BNP Paribas Exane lifted their target price on shares of Rockwell Automation from $495.00 to $515.00 in a research note on Wednesday, May 6th. Wall Street Zen downgraded shares of Rockwell Automation from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. Wells Fargo & Company raised their price objective on shares of Rockwell Automation from $360.00 to $440.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 6th. TD Cowen lifted their price objective on Rockwell Automation from $350.00 to $400.00 and gave the company a “hold” rating in a research report on Wednesday, May 13th. Finally, Morgan Stanley reiterated an “overweight” rating and set a $525.00 target price on shares of Rockwell Automation in a report on Wednesday, May 6th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and eleven have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $469.33.

Insider Activity at Rockwell Automation

In other Rockwell Automation news, VP Terry L. Riesterer sold 4,024 shares of Rockwell Automation stock in a transaction on Thursday, May 7th. The stock was sold at an average price of $451.97, for a total transaction of $1,818,727.28. Following the completion of the transaction, the vice president owned 134 shares in the company, valued at approximately $60,563.98. The trade was a 96.78% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Scott Genereux sold 550 shares of the business’s stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $447.73, for a total value of $246,251.50. Following the completion of the sale, the vice president directly owned 2,764 shares in the company, valued at $1,237,525.72. This trade represents a 16.60% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 9,361 shares of company stock worth $4,189,886 over the last quarter. 0.76% of the stock is currently owned by company insiders.

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.