1,152 Shares in Rockwell Automation, Inc. $ROK Bought by Occidental Asset Management LLC

Occidental Asset Management LLC acquired a new stake in Rockwell Automation, Inc. (NYSE:ROK) in the second quarter, Holdings Channel reports. The institutional investor acquired 1,152 shares of the industrial products company’s stock, valued at approximately $570,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. MV Capital Management Inc. bought a new stake in shares of Rockwell Automation in the 4th quarter valued at about $28,000. Manchester Capital Management LLC boosted its stake in Rockwell Automation by 97.5% during the 4th quarter. Manchester Capital Management LLC now owns 79 shares of the industrial products company’s stock worth $31,000 after acquiring an additional 39 shares during the last quarter. First Horizon Corp acquired a new position in Rockwell Automation during the fourth quarter valued at approximately $32,000. BOK Financial Private Wealth Inc. acquired a new position in Rockwell Automation during the fourth quarter valued at approximately $33,000. Finally, TD Capital Management LLC bought a new stake in Rockwell Automation in the fourth quarter valued at approximately $33,000. Institutional investors own 75.75% of the company’s stock.

Rockwell Automation Price Performance

Shares of NYSE ROK opened at $445.69 on Tuesday. The company has a quick ratio of 0.74, a current ratio of 1.08 and a debt-to-equity ratio of 0.74. The business’s 50 day moving average price is $463.60 and its two-hundred day moving average price is $426.67. The company has a market cap of $49.49 billion, a PE ratio of 41.77, a price-to-earnings-growth ratio of 2.62 and a beta of 1.54. Rockwell Automation, Inc. has a twelve month low of $332.71 and a twelve month high of $497.36.

Rockwell Automation (NYSE:ROK) last posted its quarterly earnings results on Tuesday, August 4th. The industrial products company reported $3.49 earnings per share for the quarter, beating analysts’ consensus estimates of $3.38 by $0.11. Rockwell Automation had a return on equity of 39.83% and a net margin of 13.39%.The business had revenue of $2.31 billion for the quarter, compared to analysts’ expectations of $2.24 billion. During the same quarter in the prior year, the business earned $2.82 EPS. The firm’s revenue for the quarter was up 7.9% on a year-over-year basis. Rockwell Automation has set its FY 2026 guidance at 13.000-13.300 EPS. On average, analysts predict that Rockwell Automation, Inc. will post 13.22 EPS for the current year.

Rockwell Automation declared that its Board of Directors has approved a share repurchase plan on Tuesday, June 9th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the industrial products company to purchase up to 2% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.

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 dividend on an annualized basis and a yield of 1.2%. Rockwell Automation’s dividend payout ratio is 51.73%.

Insider Activity

In other news, VP John M. Miller sold 1,054 shares of the company’s stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $426.02, for a total value of $449,025.08. Following the transaction, the vice president owned 5,615 shares of the company’s stock, valued at approximately $2,392,102.30. This represents a 15.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Matthew W. Fordenwalt sold 377 shares of the stock in a transaction that occurred on Thursday, June 4th. The stock was sold at an average price of $460.51, for a total value of $173,612.27. Following the transaction, the senior vice president owned 4,437 shares in the company, valued at approximately $2,043,282.87. This trade represents a 7.83% decrease in their position. 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. Over the last three months, insiders sold 1,649 shares of company stock worth $722,119. Insiders own 0.76% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on ROK. TD Cowen increased their target price on shares of Rockwell Automation from $350.00 to $400.00 and gave the stock a “hold” rating in a report on Wednesday, May 13th. JPMorgan Chase & Co. upped their price objective on shares of Rockwell Automation from $404.00 to $417.00 and gave the company a “neutral” rating in a research report on Wednesday, May 6th. Morgan Stanley reaffirmed an “overweight” rating and set a $525.00 price objective on shares of Rockwell Automation in a research note on Wednesday, May 6th. KeyCorp increased their target price on Rockwell Automation from $470.00 to $510.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 6th. Finally, HSBC boosted their price target on Rockwell Automation from $445.00 to $490.00 in a report on Wednesday, May 6th. Nine investment analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $468.67.

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.