Rockwell Automation, Inc. $ROK Shares Sold by Trillium Asset Management LLC

Trillium Asset Management LLC lowered its stake in shares of Rockwell Automation, Inc. (NYSE:ROK) by 5.0% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 43,835 shares of the industrial products company’s stock after selling 2,312 shares during the quarter. Trillium Asset Management LLC’s holdings in Rockwell Automation were worth $19,084,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Castle Rock Wealth Management LLC increased its position in shares of Rockwell Automation by 2.2% during the 2nd quarter. Castle Rock Wealth Management LLC now owns 1,038 shares of the industrial products company’s stock valued at $501,000 after purchasing an additional 22 shares during the last quarter. Verus Capital Partners LLC raised its stake in shares of Rockwell Automation by 1.3% during the third quarter. Verus Capital Partners LLC now owns 1,980 shares of the industrial products company’s stock valued at $862,000 after acquiring an additional 25 shares during the last quarter. Apella Capital LLC raised its position in Rockwell Automation by 0.9% during the 2nd quarter. Apella Capital LLC now owns 3,261 shares of the industrial products company’s stock valued at $1,529,000 after purchasing an additional 28 shares during the last quarter. Finivi Inc. increased its stake in shares of Rockwell Automation by 1.0% during the second quarter. Finivi Inc. now owns 2,935 shares of the industrial products company’s stock valued at $1,453,000 after buying an additional 30 shares during the period. Finally, Uncommon Cents Investing Inc raised its holdings in shares of Rockwell Automation by 1.0% during the third quarter. Uncommon Cents Investing Inc now owns 3,130 shares of the industrial products company’s stock valued at $1,363,000 after acquiring an additional 30 shares in the last quarter. 75.75% of the stock is owned by institutional investors.

Rockwell Automation Stock Down 0.4%

Shares of ROK traded down $1.67 on Friday, hitting $402.53. 913,260 shares of the stock traded hands, compared to its average volume of 1,074,089. The company has a market capitalization of $44.70 billion, a PE ratio of 32.07, a P/E/G ratio of 2.83 and a beta of 1.51. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.35 and a current ratio of 2.11. The business has a 50 day simple moving average of $426.86 and a 200 day simple moving average of $426.80. Rockwell Automation, Inc. has a one year low of $347.53 and a one year high of $497.36.

Rockwell Automation (NYSE:ROK) last announced its quarterly earnings data on Thursday, November 5th. The industrial products company reported $3.88 earnings per share for the quarter, topping analysts’ consensus estimates of $3.69 by $0.19. The company had revenue of $2.33 billion during the quarter, compared to analyst estimates of $2.41 billion. Rockwell Automation had a net margin of 15.68% and a return on equity of 41.79%. The firm’s revenue for the quarter was up .7% on a year-over-year basis. During the same period in the previous year, the business earned $3.34 EPS. Rockwell Automation has set its FY 2027 guidance at 14.500-15.500 EPS. As a group, equities analysts forecast that Rockwell Automation, Inc. will post 14.95 earnings per share for the current fiscal year.

Rockwell Automation Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 10th. Shareholders of record on Monday, November 16th will be issued a $1.45 dividend. This represents a $5.80 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend is Monday, November 16th. This is a positive change from Rockwell Automation’s previous quarterly dividend of $1.38. Rockwell Automation’s dividend payout ratio is 43.98%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on ROK shares. Stephens dropped their price target on Rockwell Automation from $550.00 to $500.00 and set an “overweight” rating for the company in a research note on Friday, November 6th. Deutsche Bank upped their target price on shares of Rockwell Automation from $469.00 to $500.00 and gave the stock a “hold” rating in a research report on Wednesday, September 30th. Zacks Research downgraded Rockwell Automation from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 30th. Mizuho dropped their price target on shares of Rockwell Automation from $445.00 to $430.00 and set a “neutral” rating on the stock in a research note on Thursday, October 15th. Finally, Robert W. Baird set a $514.00 price target on shares of Rockwell Automation in a research note on Wednesday, August 5th. Nine analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the company. According to MarketBeat.com, Rockwell Automation has an average rating of “Hold” and a consensus target price of $471.33.

Key Headlines Impacting Rockwell Automation

Here are a few of the latest headlines about ROK:

• Positive Sentiment: Rockwell introduced LogixEdge, an industrial PC-based controller combining Logix control, edge computing and containerized applications. The platform is designed to simplify factory systems and support software-defined automation, creating a new product opportunity, though financial impact is not yet known. Article: Rockwell Automation Introduces LogixEdge Controllers
• Neutral Sentiment: Vice President Isaac Woods sold 500 shares for about $201,000 under a pre-arranged Rule 10b5-1 plan. He retained 1,358 shares; the planned nature of the transaction makes it a limited signal about his current outlook. SEC Form 4 filing
• Negative Sentiment: ETFs were reported as net sellers of ROK shares on Nov. 11. This may add some flow-related pressure, although ETF activity alone does not indicate a change in the company’s fundamentals. Article: ETFs Are Net Sellers of Rockwell Automation

Insiders Place Their Bets

In other news, SVP Matheus Bulho sold 400 shares of the business’s stock in a transaction on Wednesday, September 2nd. The stock was sold at an average price of $420.14, for a total value of $168,056.00. Following the completion of the transaction, the senior vice president owned 867 shares in the company, valued at $364,261.38. The trade was a 31.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed 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, CFO Christian Rothe sold 590 shares of the company’s stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $434.30, for a total value of $256,237.00. Following the transaction, the chief financial officer directly owned 10,429 shares in the company, valued at approximately $4,529,314.70. The trade was a 5.35% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last quarter, insiders have sold 3,211 shares of company stock worth $1,366,185. 0.76% of the stock is owned by corporate insiders.

Rockwell Automation Profile

Rockwell Automation, Inc. is an industrial automation and digital transformation company headquartered in Milwaukee, Wisconsin. Its roots date to 1903, when it was founded as the Compression Rheostat Company. The company provides hardware, software and services that help manufacturers automate and manage industrial operations. Its offerings include control systems, sensors, motor-control products, industrial software and services for optimizing production and maintaining equipment. Its Allen-Bradley and FactoryTalk brands are among its best-known product lines.