Franklin Resources Inc. Lowers Holdings in Rockwell Automation, Inc. $ROK

Franklin Resources Inc. reduced its position in Rockwell Automation, Inc. (NYSE:ROK) by 14.1% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 404,224 shares of the industrial products company’s stock after selling 66,102 shares during the quarter. Franklin Resources Inc. owned about 0.36% of Rockwell Automation worth $134,271,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Legend Financial Advisors Inc. acquired a new position in shares of Rockwell Automation during the second quarter worth about $39,000. SBI Securities Co. Ltd. boosted its holdings in Rockwell Automation by 48.7% in the 2nd quarter. SBI Securities Co. Ltd. now owns 116 shares of the industrial products company’s stock valued at $39,000 after purchasing an additional 38 shares in the last quarter. Financial Gravity Companies Inc. acquired a new position in Rockwell Automation during the 2nd quarter worth approximately $40,000. Cary Street Partners Investment Advisory LLC increased its position in Rockwell Automation by 59.6% during the 1st quarter. Cary Street Partners Investment Advisory LLC now owns 166 shares of the industrial products company’s stock worth $43,000 after purchasing an additional 62 shares during the period. Finally, AdvisorShares Investments LLC purchased a new position in shares of Rockwell Automation during the 2nd quarter worth approximately $50,000. Institutional investors and hedge funds own 75.75% of the company’s stock.

Insider Activity

In other Rockwell Automation news, VP Isaac Woods sold 250 shares of the stock in a transaction on Thursday, September 11th. The stock was sold at an average price of $350.00, for a total transaction of $87,500.00. Following the sale, the vice president owned 1,662 shares in the company, valued at approximately $581,700. This represents a 13.08% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Cyril Perducat sold 1,435 shares of the company’s stock in a transaction on Friday, August 29th. The shares were sold at an average price of $348.08, for a total value of $499,494.80. Following the completion of the sale, the senior vice president owned 3,787 shares in the company, valued at $1,318,178.96. This represents a 27.48% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 92,075 shares of company stock worth $34,820,361 in the last quarter. 0.68% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on ROK shares. Morgan Stanley upped their price objective on Rockwell Automation from $385.00 to $435.00 and gave the stock an “overweight” rating in a report on Monday, November 10th. Barclays boosted their target price on shares of Rockwell Automation from $370.00 to $417.00 and gave the stock an “overweight” rating in a research report on Friday, November 7th. Wall Street Zen upgraded shares of Rockwell Automation from a “hold” rating to a “buy” rating in a report on Sunday, September 21st. JPMorgan Chase & Co. boosted their price objective on shares of Rockwell Automation from $357.00 to $400.00 and gave the stock a “neutral” rating in a report on Tuesday, November 11th. Finally, Wells Fargo & Company upped their target price on shares of Rockwell Automation from $355.00 to $380.00 and gave the stock an “equal weight” rating in a research report on Friday, November 7th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $371.44.

Rockwell Automation Price Performance

Rockwell Automation stock opened at $378.77 on Monday. The firm has a market capitalization of $42.53 billion, a PE ratio of 44.46, a P/E/G ratio of 3.30 and a beta of 1.45. Rockwell Automation, Inc. has a 52 week low of $215.00 and a 52 week high of $398.20. The firm’s 50-day simple moving average is $357.03 and its 200 day simple moving average is $341.57. The company has a quick ratio of 0.72, a current ratio of 1.06 and a debt-to-equity ratio of 0.72.

Rockwell Automation (NYSE:ROK) last posted its earnings results on Thursday, November 6th. The industrial products company reported $3.34 earnings per share for the quarter, beating the consensus estimate of $2.94 by $0.40. Rockwell Automation had a net margin of 12.03% and a return on equity of 30.14%. The firm had revenue of $2.32 billion during the quarter, compared to the consensus estimate of $2.19 billion. During the same period last year, the firm posted $2.47 EPS. The firm’s revenue for the quarter was up 13.8% on a year-over-year basis. Rockwell Automation has set its FY 2026 guidance at 11.200-12.200 EPS. On average, equities research analysts predict that Rockwell Automation, Inc. will post 9.35 EPS for the current fiscal year.

Rockwell Automation Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Monday, November 17th will be paid a $1.38 dividend. This represents a $5.52 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend is Monday, November 17th. This is an increase from Rockwell Automation’s previous quarterly dividend of $1.31. Rockwell Automation’s dividend payout ratio is currently 72.06%.

Rockwell Automation Company Profile

Rockwell Automation, Inc provides industrial automation and digital transformation solutions in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. The company operates through three segments, Intelligent Devices, Software & Control, and Lifecycle Services. Its solutions include hardware and software products and services.