Rockwell Automation, Inc. $ROK Shares Sold by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. reduced its holdings in shares of Rockwell Automation, Inc. (NYSE:ROK) by 13.4% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 127,091 shares of the industrial products company’s stock after selling 19,616 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Rockwell Automation were worth $44,422,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Thurston Springer Miller Herd & Titak Inc. grew its position in shares of Rockwell Automation by 468.8% in the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 91 shares of the industrial products company’s stock worth $32,000 after acquiring an additional 75 shares in the last quarter. Rexford Capital Inc. bought a new stake in Rockwell Automation during the second quarter valued at $33,000. SBI Securities Co. Ltd. increased its stake in Rockwell Automation by 48.7% during the second 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 during the last quarter. Financial Gravity Companies Inc. acquired a new stake in shares of Rockwell Automation during the second quarter worth $40,000. Finally, Sachetta LLC grew its position in shares of Rockwell Automation by 900.0% during the 3rd quarter. Sachetta LLC now owns 120 shares of the industrial products company’s stock valued at $42,000 after buying an additional 108 shares during the last quarter. Institutional investors own 75.75% of the company’s stock.

Rockwell Automation Price Performance

Shares of ROK stock opened at $414.85 on Thursday. Rockwell Automation, Inc. has a 12 month low of $215.00 and a 12 month high of $429.58. The company has a market capitalization of $46.58 billion, a P/E ratio of 54.16, a P/E/G ratio of 2.94 and a beta of 1.52. The stock has a 50 day moving average of $402.56 and a two-hundred day moving average of $369.30. The company has a current ratio of 1.14, a quick ratio of 0.77 and a debt-to-equity ratio of 0.70.

Rockwell Automation (NYSE:ROK) last issued its earnings results on Thursday, November 6th. The industrial products company reported $3.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.94 by $0.40. Rockwell Automation had a return on equity of 32.69% and a net margin of 10.42%.The business had revenue of $4.63 billion during the quarter, compared to analysts’ expectations of $2.19 billion. During the same period in the prior year, the firm posted $2.47 EPS. Rockwell Automation’s quarterly revenue was up 13.8% compared to the same quarter last year. Rockwell Automation has set its FY 2026 guidance at 11.200-12.200 EPS. As a group, equities analysts expect that Rockwell Automation, Inc. will post 9.35 EPS for the current year.

Insiders Place Their Bets

In other Rockwell Automation news, SVP Rebecca W. House sold 1,698 shares of the firm’s stock in a transaction that occurred on Wednesday, December 10th. The shares were sold at an average price of $402.06, for a total value of $682,697.88. Following the transaction, the senior vice president directly owned 12,200 shares of the company’s stock, valued at approximately $4,905,132. This trade represents a 12.22% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Tessa M. Myers sold 1,020 shares of Rockwell Automation stock in a transaction on Wednesday, December 10th. The stock was sold at an average price of $402.07, for a total value of $410,111.40. Following the sale, the senior vice president directly owned 6,021 shares of the company’s stock, valued at approximately $2,420,863.47. This trade represents a 14.49% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 87,231 shares of company stock valued at $34,418,889 over the last 90 days. Corporate insiders own 0.76% of the company’s stock.

Analyst Ratings Changes

Several brokerages have weighed in on ROK. Jefferies Financial Group increased their target price on Rockwell Automation from $450.00 to $470.00 and gave the stock a “buy” rating in a research report on Wednesday, December 10th. Stephens lifted their target price on Rockwell Automation from $425.00 to $475.00 and gave the company an “overweight” rating in a research note on Friday, January 23rd. JPMorgan Chase & Co. increased their price target on Rockwell Automation from $400.00 to $404.00 and gave the stock a “neutral” rating in a research note on Friday, January 16th. Oppenheimer cut shares of Rockwell Automation from an “outperform” rating to a “market perform” rating in a research note on Tuesday, January 20th. Finally, Robert W. Baird raised their target price on shares of Rockwell Automation from $392.00 to $402.00 and gave the company an “outperform” rating in a research note on Friday, November 21st. Two equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and ten have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Rockwell Automation presently has a consensus rating of “Moderate Buy” and an average price target of $410.12.

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.