Rockwell Automation, Inc. $ROK Shares Purchased by Gotham Asset Management LLC

Gotham Asset Management LLC raised its holdings in Rockwell Automation, Inc. (NYSE:ROK) by 34.6% during the fourth quarter, Holdings Channel.com reports. The firm owned 115,163 shares of the industrial products company’s stock after purchasing an additional 29,584 shares during the quarter. Gotham Asset Management LLC’s holdings in Rockwell Automation were worth $44,806,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of the business. Cinctive Capital Management LP acquired a new stake in shares of Rockwell Automation in the 4th quarter valued at approximately $2,087,000. Concentric Capital Strategies LP grew its holdings in Rockwell Automation by 321.7% during the fourth quarter. Concentric Capital Strategies LP now owns 27,653 shares of the industrial products company’s stock worth $10,759,000 after acquiring an additional 21,096 shares during the period. Balyasny Asset Management L.P. raised its position in Rockwell Automation by 74.3% in the fourth quarter. Balyasny Asset Management L.P. now owns 560,715 shares of the industrial products company’s stock worth $218,157,000 after acquiring an additional 238,993 shares in the last quarter. Banco Bilbao Vizcaya Argentaria S.A. raised its position in Rockwell Automation by 938.0% in the fourth quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 34,170 shares of the industrial products company’s stock worth $13,295,000 after acquiring an additional 30,878 shares in the last quarter. Finally, Boothbay Fund Management LLC acquired a new stake in Rockwell Automation in the fourth quarter valued at $6,773,000. 75.75% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Rockwell Automation

In related news, SVP Matheus De A. G. Viera Bulho sold 1,250 shares of Rockwell Automation stock in a transaction dated Wednesday, April 8th. The stock was sold at an average price of $387.50, for a total transaction of $484,375.00. Following the completion of the sale, the senior vice president owned 1,734 shares in the company, valued at approximately $671,925. This trade represents a 41.89% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Christopher Nardecchia sold 2,538 shares of the business’s stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $446.43, for a total transaction of $1,133,039.34. Following the completion of the transaction, the senior vice president directly owned 14,232 shares of the company’s stock, valued at $6,353,591.76. The trade was a 15.13% decrease in their position. 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. Insiders have sold a total of 12,308 shares of company stock valued at $5,339,812 in the last ninety days. 0.76% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Sanford C. Bernstein initiated coverage on shares of Rockwell Automation in a research report on Tuesday, June 9th. They set a “market perform” rating and a $501.00 target price on the stock. Rothschild & Co Redburn raised their price objective on shares of Rockwell Automation from $365.00 to $378.00 in a research note on Wednesday, May 6th. BNP Paribas Exane boosted their price objective on shares of Rockwell Automation from $495.00 to $515.00 in a report on Wednesday, May 6th. Jefferies Financial Group restated a “hold” rating and set a $380.00 target price (down from $490.00) on shares of Rockwell Automation in a research report on Tuesday, March 31st. Finally, DA Davidson assumed coverage on shares of Rockwell Automation in a report on Tuesday. They issued a “neutral” rating and a $500.00 target price for the company. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and twelve have assigned a Hold rating to the stock. According to data from MarketBeat.com, Rockwell Automation presently has a consensus rating of “Moderate Buy” and a consensus price target of $454.05.

Rockwell Automation Stock Performance

Shares of ROK opened at $459.20 on Thursday. Rockwell Automation, Inc. has a 12-month low of $305.44 and a 12-month high of $474.99. The stock has a market cap of $51.09 billion, a P/E ratio of 47.73, a PEG ratio of 2.98 and a beta of 1.57. The company has a current ratio of 1.09, a quick ratio of 0.76 and a debt-to-equity ratio of 0.72. The company has a 50-day moving average of $434.40 and a two-hundred day moving average of $408.56.

Rockwell Automation (NYSE:ROK) last released its quarterly earnings results on Tuesday, May 5th. The industrial products company reported $3.30 EPS for the quarter, beating the consensus estimate of $2.88 by $0.42. Rockwell Automation had a net margin of 12.36% and a return on equity of 37.54%. The business had revenue of $2.24 billion for the quarter, compared to analyst estimates of $2.16 billion. During the same period in the prior year, the business earned $2.45 earnings per share. The company’s quarterly revenue was up 11.9% on a year-over-year basis. Rockwell Automation has set its FY 2026 guidance at 12.500-13.100 EPS. As a group, research analysts predict that Rockwell Automation, Inc. will post 13.02 EPS for the current fiscal year.

Rockwell Automation declared that its board has authorized a share repurchase plan on Tuesday, June 9th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the industrial products company to reacquire up to 2% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s board of directors believes its stock is undervalued.

Rockwell Automation Dividend Announcement

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 dividend of $1.38 per share. The ex-dividend date of this dividend is Monday, August 17th. This represents a $5.52 annualized dividend and a yield of 1.2%. Rockwell Automation’s dividend payout ratio (DPR) is presently 57.38%.

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.