Ontario Teachers Pension Plan Board Buys Shares of 60,143 Rockwell Automation, Inc. $ROK

Ontario Teachers Pension Plan Board bought a new stake in Rockwell Automation, Inc. (NYSE:ROK) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 60,143 shares of the industrial products company’s stock, valued at approximately $29,776,000. Ontario Teachers Pension Plan Board owned 0.05% of Rockwell Automation at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in ROK. Navigoe LLC purchased a new position in Rockwell Automation during the second quarter valued at approximately $176,000. M. Kulyk & Associates LLC purchased a new stake in Rockwell Automation in the 2nd quarter worth approximately $378,000. Aljian Capital Management LLC purchased a new stake in Rockwell Automation in the 2nd quarter worth approximately $235,000. Alpine Woods Capital Investors LLC acquired a new stake in shares of Rockwell Automation during the 2nd quarter valued at $1,496,000. Finally, Meeder Advisory Services Inc. acquired a new stake in shares of Rockwell Automation during the 2nd quarter valued at $1,089,000. 75.75% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have recently weighed in on ROK. Rothschild & Co Redburn upped their price target on shares of Rockwell Automation from $365.00 to $378.00 in a research note on Wednesday, May 6th. Zacks Research cut Rockwell Automation from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 30th. JPMorgan Chase & Co. boosted their target price on Rockwell Automation from $404.00 to $417.00 and gave the company a “neutral” rating in a research note on Wednesday, May 6th. HSBC upped their target price on Rockwell Automation from $445.00 to $490.00 in a research report on Wednesday, May 6th. Finally, Sanford C. Bernstein raised their price target on Rockwell Automation from $501.00 to $514.00 and gave the stock a “market perform” rating in a research note on Friday. Nine equities research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Rockwell Automation has a consensus rating of “Hold” and a consensus price target of $468.67.

Rockwell Automation Stock Performance

Shares of ROK opened at $433.41 on Wednesday. The company’s fifty day moving average is $463.07 and its 200-day moving average is $426.80. Rockwell Automation, Inc. has a 12 month low of $332.71 and a 12 month high of $497.36. The firm has a market cap of $48.13 billion, a price-to-earnings ratio of 40.62, a price-to-earnings-growth ratio of 2.62 and a beta of 1.54. The company has a quick ratio of 0.74, a current ratio of 1.08 and a debt-to-equity ratio of 0.74.

Rockwell Automation (NYSE:ROK) last released its quarterly earnings data on Tuesday, August 4th. The industrial products company reported $3.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.38 by $0.11. The business had revenue of $2.31 billion during the quarter, compared to analyst estimates of $2.24 billion. Rockwell Automation had a net margin of 13.39% and a return on equity of 39.83%. Rockwell Automation’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.82 EPS. Rockwell Automation has set its FY 2026 guidance at 13.000-13.300 EPS. Equities analysts expect that Rockwell Automation, Inc. will post 13.22 EPS for the current fiscal year.

Rockwell Automation Announces Dividend

The business also recently declared 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. The ex-dividend date of this dividend is Monday, August 17th. This represents a $5.52 dividend on an annualized basis and a dividend yield of 1.3%. Rockwell Automation’s payout ratio is currently 51.73%.

Rockwell Automation announced that its board has authorized a stock buyback program on Tuesday, June 9th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the industrial products company to purchase up to 2% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board believes its shares are undervalued.

Insider Buying and Selling at Rockwell Automation

In other news, SVP Matthew W. Fordenwalt sold 377 shares of the company’s stock in a transaction dated Thursday, June 4th. The stock was sold at an average price of $460.51, for a total transaction of $173,612.27. Following the completion of the sale, the senior vice president owned 4,437 shares in the company, valued at approximately $2,043,282.87. This represents a 7.83% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.76% of the stock is owned by corporate insiders.

About Rockwell Automation

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.