Impax Asset Management Group plc Raises Stock Holdings in Rockwell Automation, Inc. $ROK

Impax Asset Management Group plc boosted its position in Rockwell Automation, Inc. (NYSE:ROK) by 34.4% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,642 shares of the industrial products company’s stock after purchasing an additional 1,701 shares during the quarter. Impax Asset Management Group plc’s holdings in Rockwell Automation were worth $2,206,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Howe & Rusling Inc. grew its position in shares of Rockwell Automation by 4.9% in the 1st quarter. Howe & Rusling Inc. now owns 794 shares of the industrial products company’s stock worth $205,000 after buying an additional 37 shares during the period. IFP Advisors Inc lifted its position in Rockwell Automation by 2.7% during the 2nd quarter. IFP Advisors Inc now owns 1,427 shares of the industrial products company’s stock valued at $476,000 after acquiring an additional 37 shares during the period. SBI Securities Co. Ltd. grew its holdings in Rockwell Automation by 48.7% in the second quarter. SBI Securities Co. Ltd. now owns 116 shares of the industrial products company’s stock worth $39,000 after purchasing an additional 38 shares during the period. Bank of Jackson Hole Trust increased its stake in shares of Rockwell Automation by 34.2% during the second quarter. Bank of Jackson Hole Trust now owns 161 shares of the industrial products company’s stock valued at $53,000 after purchasing an additional 41 shares in the last quarter. Finally, Wealthfront Advisers LLC raised its position in shares of Rockwell Automation by 0.6% in the 1st quarter. Wealthfront Advisers LLC now owns 7,708 shares of the industrial products company’s stock worth $1,992,000 after purchasing an additional 43 shares during the last quarter. Hedge funds and other institutional investors own 75.75% of the company’s stock.

Analyst Ratings Changes

ROK has been the subject of several research analyst reports. KeyCorp lifted their price objective on Rockwell Automation from $370.00 to $380.00 and gave the stock an “overweight” rating in a report on Thursday, August 7th. Weiss Ratings restated a “buy (b-)” rating on shares of Rockwell Automation in a report on Wednesday, October 8th. Morgan Stanley lifted their target price on shares of Rockwell Automation from $385.00 to $435.00 and gave the stock an “overweight” rating in a research report on Monday. JPMorgan Chase & Co. increased their price target on Rockwell Automation from $357.00 to $400.00 and gave the company a “neutral” rating in a report on Tuesday. Finally, Wells Fargo & Company raised their price target on Rockwell Automation from $355.00 to $380.00 and gave the stock an “equal weight” rating in a research note on Friday, November 7th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $364.75.

Insider Activity

In related news, VP Isaac Woods sold 365 shares of the company’s stock in a transaction dated Friday, August 29th. The shares were sold at an average price of $348.44, for a total transaction of $127,180.60. Following the transaction, the vice president directly owned 1,691 shares in the company, valued at approximately $589,212.04. This represents a 17.75% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director James P. Keane sold 3,000 shares of the stock in a transaction dated Tuesday, August 26th. The stock was sold at an average price of $356.06, for a total transaction of $1,068,180.00. Following the completion of the sale, the director directly owned 9,192 shares in the company, valued at $3,272,903.52. This trade represents a 24.61% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 92,075 shares of company stock worth $34,820,361. Company insiders own 0.68% of the company’s stock.

Rockwell Automation Stock Performance

NYSE ROK opened at $379.15 on Friday. 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, Inc. has a twelve month low of $215.00 and a twelve month high of $398.20. The business has a 50-day moving average price of $353.61 and a 200-day moving average price of $335.45. The firm has a market cap of $42.63 billion, a price-to-earnings ratio of 44.50, a price-to-earnings-growth ratio of 3.30 and a beta of 1.45.

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. The company had revenue of $2.32 billion during the quarter, compared to analysts’ expectations of $2.19 billion. Rockwell Automation had a net margin of 12.03% and a return on equity of 30.14%. Rockwell Automation’s quarterly revenue was up 13.8% on a year-over-year basis. During the same period last year, the company posted $2.47 earnings per share. Rockwell Automation has set its FY 2026 guidance at 11.200-12.200 EPS. As a group, 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. Stockholders of record on Monday, November 17th will be issued a $1.38 dividend. This is a positive change from Rockwell Automation’s previous quarterly dividend of $1.31. The ex-dividend date is Monday, November 17th. This represents a $5.52 dividend on an annualized basis and a dividend yield of 1.5%. Rockwell Automation’s dividend payout ratio (DPR) is presently 72.06%.

Rockwell Automation 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.