Rockwell Automation, Inc. $ROK Shares Sold by Rhumbline Advisers

Rhumbline Advisers lessened its stake in Rockwell Automation, Inc. (NYSE:ROK) by 2.7% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 214,652 shares of the industrial products company’s stock after selling 5,883 shares during the quarter. Rhumbline Advisers’ holdings in Rockwell Automation were worth $71,301,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. Capital Investment Advisors LLC raised its holdings in shares of Rockwell Automation by 5.7% in the 2nd quarter. Capital Investment Advisors LLC now owns 2,192 shares of the industrial products company’s stock valued at $728,000 after purchasing an additional 119 shares in the last quarter. Patton Fund Management Inc. purchased a new position in Rockwell Automation in the second quarter valued at $294,000. Brighton Jones LLC purchased a new position in Rockwell Automation in the fourth quarter valued at $281,000. Integrity Alliance LLC. acquired a new stake in Rockwell Automation in the first quarter valued at $293,000. Finally, Focus Partners Wealth lifted its holdings in Rockwell Automation by 20.4% during the 1st quarter. Focus Partners Wealth now owns 13,348 shares of the industrial products company’s stock worth $3,449,000 after buying an additional 2,264 shares during the last quarter. 75.75% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Rockwell Automation news, SVP Cyril Perducat sold 1,435 shares of the business’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 transaction, the senior vice president directly owned 3,787 shares of the company’s stock, valued at approximately $1,318,178.96. The trade was a 27.48% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Isaac Woods sold 365 shares of the firm’s stock in a transaction on Friday, August 29th. The stock was sold at an average price of $348.44, for a total transaction of $127,180.60. Following the completion of the sale, the vice president owned 1,691 shares of the company’s stock, valued at $589,212.04. This trade represents a 17.75% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 92,075 shares of company stock worth $34,820,361. 0.68% of the stock is currently owned by insiders.

Rockwell Automation Trading Up 2.7%

Shares of Rockwell Automation stock opened at $378.77 on Monday. Rockwell Automation, Inc. has a 1 year low of $215.00 and a 1 year high of $398.20. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.72 and a current ratio of 1.06. The company has a market capitalization of $42.53 billion, a P/E ratio of 44.46, a PEG ratio of 3.30 and a beta of 1.45. The company’s fifty day moving average is $357.03 and its two-hundred day moving average is $341.57.

Rockwell Automation (NYSE:ROK) last announced its earnings results on Thursday, November 6th. The industrial products company reported $3.34 EPS for the quarter, beating analysts’ consensus estimates of $2.94 by $0.40. Rockwell Automation had a net margin of 12.03% and a return on equity of 30.14%. The business had revenue of $2.32 billion during the quarter, compared to analysts’ expectations of $2.19 billion. During the same period in the prior year, the company earned $2.47 earnings per share. The business’s 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. Analysts forecast that Rockwell Automation, Inc. will post 9.35 earnings per share for the current year.

Rockwell Automation Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders of record on Monday, November 17th will be given a dividend of $1.38 per share. 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 a positive change from Rockwell Automation’s previous quarterly dividend of $1.31. Rockwell Automation’s payout ratio is 72.06%.

Analysts Set New Price Targets

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

About Rockwell Automation

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.