The Manufacturers Life Insurance Company Cuts Stock Position in Rockwell Automation, Inc. $ROK

The Manufacturers Life Insurance Company lessened its position in shares of Rockwell Automation, Inc. (NYSE:ROK) by 13.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 78,774 shares of the industrial products company’s stock after selling 12,286 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Rockwell Automation were worth $38,997,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Flputnam Investment Management Co. acquired a new stake in shares of Rockwell Automation in the 2nd quarter worth $1,001,000. Mandatum Life Insurance Co Ltd increased its position in Rockwell Automation by 26.9% during the 1st quarter. Mandatum Life Insurance Co Ltd now owns 22,200 shares of the industrial products company’s stock valued at $7,967,000 after buying an additional 4,700 shares in the last quarter. Brighton Jones LLC purchased a new stake in Rockwell Automation in the fourth quarter valued at about $281,000. Handelsbanken Fonder AB raised its stake in Rockwell Automation by 24.6% in the fourth quarter. Handelsbanken Fonder AB now owns 169,457 shares of the industrial products company’s stock valued at $65,931,000 after buying an additional 33,413 shares during the last quarter. Finally, Lombard Odier Asset Management Europe Ltd boosted its holdings in Rockwell Automation by 54.2% in the first quarter. Lombard Odier Asset Management Europe Ltd now owns 36,211 shares of the industrial products company’s stock worth $12,995,000 after acquiring an additional 12,727 shares in the last quarter. Hedge funds and other institutional investors own 75.75% of the company’s stock.

Insider Buying and Selling at Rockwell Automation

In other Rockwell Automation news, SVP Matheus De A. G. Viera Bulho sold 467 shares of Rockwell Automation stock in a transaction that occurred on Monday, August 31st. The shares were sold at an average price of $426.96, for a total transaction of $199,390.32. Following the completion of the sale, the senior vice president directly owned 1,267 shares in the company, valued at approximately $540,958.32. The trade was a 26.93% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Patricia A. Watson sold 1,100 shares of the company’s stock in a transaction on Thursday, August 27th. The shares were sold at an average price of $431.43, for a total transaction of $474,573.00. Following the completion of the sale, the director directly owned 6,385 shares in the company, valued at $2,754,680.55. This trade represents a 14.70% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 2,711 shares of company stock worth $1,164,880 in the last 90 days. Corporate insiders own 0.76% of the company’s stock.

Rockwell Automation Stock Up 1.8%

Rockwell Automation stock opened at $428.77 on Friday. 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 business’s 50-day simple moving average is $448.65 and its two-hundred day simple moving average is $429.36. The company has a market cap of $47.61 billion, a PE ratio of 40.18, a PEG ratio of 2.46 and a beta of 1.52. Rockwell Automation, Inc. has a fifty-two week low of $332.71 and a fifty-two week high of $497.36.

Rockwell Automation (NYSE:ROK) last announced its quarterly earnings data on Tuesday, August 4th. The industrial products company reported $3.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.38 by $0.11. Rockwell Automation had a return on equity of 39.83% and a net margin of 13.39%.The firm had revenue of $2.31 billion during the quarter, compared to analysts’ expectations of $2.24 billion. During the same period last year, the business posted $2.82 earnings per share. The company’s revenue for the quarter was up 7.9% compared to the same quarter last year. Rockwell Automation has set its FY 2026 guidance at 13.000-13.300 EPS. Equities analysts anticipate that Rockwell Automation, Inc. will post 13.23 EPS for the current year.

Rockwell Automation declared that its board has initiated a share repurchase plan on Tuesday, June 9th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the industrial products company to repurchase up to 2% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board of directors believes its stock is undervalued.

Wall Street Analyst Weigh In

ROK has been the topic of a number of research analyst reports. Zacks Research lowered Rockwell Automation from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 30th. Morgan Stanley increased their price objective on shares of Rockwell Automation from $525.00 to $545.00 and gave the company an “overweight” rating in a research report on Wednesday, September 2nd. Evercore set a $485.00 target price on shares of Rockwell Automation in a research note on Wednesday, August 5th. Sanford C. Bernstein boosted their target price on shares of Rockwell Automation from $501.00 to $514.00 and gave the stock a “market perform” rating in a research report on Friday, August 14th. Finally, Robert W. Baird set a $514.00 price target on shares of Rockwell Automation in a research note on Wednesday, August 5th. Nine equities 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.com, Rockwell Automation currently has a consensus rating of “Hold” and a consensus target price of $469.14.

Rockwell Automation Company Profile

Rockwell Automation, Inc (NYSE: ROK) is a global provider of industrial automation and digital transformation technologies. The company helps manufacturers and other industrial organizations improve productivity, safety, quality and operational efficiency by connecting control systems, equipment, software and data across production environments.

Its portfolio includes programmable logic controllers, industrial computers, sensors, motor control and drives, motion-control systems, safety equipment, human-machine interfaces and industrial networking technologies.