24,661 Shares in Rockwell Automation, Inc. $ROK Acquired by Strategic Global Advisors LLC

Strategic Global Advisors LLC purchased a new stake in Rockwell Automation, Inc. (NYSE:ROK) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 24,661 shares of the industrial products company’s stock, valued at approximately $12,209,000. Rockwell Automation makes up approximately 1.7% of Strategic Global Advisors LLC’s holdings, making the stock its 15th largest position.

A number of other institutional investors and hedge funds also recently modified their holdings of ROK. BlackRock Inc. bought a new stake in shares of Rockwell Automation during the 2nd quarter worth $6,129,376,000. Norges Bank acquired a new stake in shares of Rockwell Automation during the fourth quarter worth $615,596,000. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Rockwell Automation by 5,925.6% during the fourth 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 last quarter. Legal & General Group Plc purchased a new position in Rockwell Automation in the 2nd quarter worth about $394,905,000. Finally, Bank of New York Mellon Corp purchased a new position in Rockwell Automation in the 2nd quarter worth about $300,589,000. Institutional investors and hedge funds own 75.75% of the company’s stock.

Analysts Set New Price Targets

ROK has been the subject of a number of analyst reports. Robert W. Baird set a $514.00 price objective on shares of Rockwell Automation in a research note on Wednesday, August 5th. Argus upped their price target on shares of Rockwell Automation from $465.00 to $530.00 and gave the company a “buy” rating in a research report on Wednesday, June 24th. Wall Street Zen cut shares of Rockwell Automation from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. Mizuho set a $445.00 target price on shares of Rockwell Automation in a research note on Wednesday, May 6th. Finally, BNP Paribas Exane increased their target price on Rockwell Automation from $495.00 to $515.00 in a report on Wednesday, May 6th. Nine research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $468.19.

Insider Transactions at Rockwell Automation

In related news, SVP Matthew W. Fordenwalt sold 377 shares of the firm’s stock in a transaction that occurred on Thursday, June 4th. The shares were sold at an average price of $460.51, for a total transaction of $173,612.27. Following the transaction, the senior vice president owned 4,437 shares of the company’s stock, valued at approximately $2,043,282.87. This trade represents a 7.83% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Christian E. Rothe sold 590 shares of Rockwell Automation stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $434.30, for a total transaction of $256,237.00. Following the completion of the sale, the chief financial officer owned 10,429 shares of the company’s stock, valued at $4,529,314.70. This trade represents a 5.35% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 1,185 shares of company stock valued at $529,331 over the last ninety days. Company insiders own 0.76% of the company’s stock.

Rockwell Automation Stock Up 0.7%

Rockwell Automation stock opened at $432.44 on Thursday. Rockwell Automation, Inc. has a twelve month low of $332.71 and a twelve month high of $497.36. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.74 and a current ratio of 1.08. The firm has a market cap of $48.02 billion, a PE ratio of 40.53, a P/E/G ratio of 2.51 and a beta of 1.54. The firm’s 50 day moving average price is $460.04 and its two-hundred day moving average price is $427.16.

Rockwell Automation (NYSE:ROK) last posted its quarterly earnings results on Tuesday, August 4th. The industrial products company reported $3.49 EPS for the quarter, beating the consensus estimate of $3.38 by $0.11. Rockwell Automation had a net margin of 13.39% and a return on equity of 39.83%. The business had revenue of $2.31 billion for the quarter, compared to analysts’ expectations of $2.24 billion. During the same period in the previous year, the company posted $2.82 EPS. Rockwell Automation’s revenue 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, research analysts predict that Rockwell Automation, Inc. will post 13.21 EPS for the current fiscal year.

Rockwell Automation Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Monday, August 17th will be given a $1.38 dividend. This represents a $5.52 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend is Monday, August 17th. Rockwell Automation’s dividend payout ratio is presently 51.73%.

Rockwell Automation announced that its board has initiated a stock repurchase plan on Tuesday, June 9th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the industrial products company to reacquire up to 2% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s management believes its shares are undervalued.

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.