Saturna Capital Corp Acquires 207 Shares of Rockwell Automation, Inc. $ROK

Saturna Capital Corp boosted its holdings in shares of Rockwell Automation, Inc. (NYSE:ROK) by 0.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 301,507 shares of the industrial products company’s stock after acquiring an additional 207 shares during the quarter. Rockwell Automation accounts for about 1.4% of Saturna Capital Corp’s portfolio, making the stock its 26th largest position. Saturna Capital Corp’s holdings in Rockwell Automation were worth $100,152,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its stake in shares of Rockwell Automation by 1.5% during the second quarter. Vanguard Group Inc. now owns 14,058,406 shares of the industrial products company’s stock valued at $4,669,781,000 after acquiring an additional 207,448 shares during the last quarter. Geode Capital Management LLC increased its holdings in Rockwell Automation by 1.7% in the second quarter. Geode Capital Management LLC now owns 2,874,428 shares of the industrial products company’s stock valued at $950,744,000 after purchasing an additional 48,105 shares during the period. Goldman Sachs Group Inc. raised its position in Rockwell Automation by 11.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,819,379 shares of the industrial products company’s stock worth $470,091,000 after purchasing an additional 191,370 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Rockwell Automation by 0.6% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,579,956 shares of the industrial products company’s stock worth $408,229,000 after buying an additional 9,920 shares during the period. Finally, Invesco Ltd. grew its position in shares of Rockwell Automation by 2.2% in the 1st quarter. Invesco Ltd. now owns 1,448,160 shares of the industrial products company’s stock valued at $374,176,000 after buying an additional 30,837 shares during the last quarter. 75.75% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, SVP Matheus De A. G. Viera Bulho sold 822 shares of the stock in a transaction on Wednesday, October 29th. The stock was sold at an average price of $365.00, for a total value of $300,030.00. Following the transaction, the senior vice president directly owned 983 shares in the company, valued at $358,795. This trade represents a 45.54% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Cyril Perducat sold 1,435 shares of Rockwell Automation stock in a transaction on Friday, August 29th. The shares were sold at an average price of $348.08, for a total transaction of $499,494.80. Following the completion of the sale, 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 SEC filing for this sale provides additional information. In the last quarter, insiders have sold 92,075 shares of company stock valued at $34,820,361. 0.68% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several brokerages have recently weighed in on ROK. Weiss Ratings cut Rockwell Automation from a “buy (b-)” rating to a “hold (c)” rating in a research note on Thursday, November 13th. Oppenheimer reissued an “outperform” rating and set a $391.00 target price on shares of Rockwell Automation in a research note on Friday, November 7th. Barclays boosted their target price on shares of Rockwell Automation from $370.00 to $417.00 and gave the company an “overweight” rating in a report on Friday, November 7th. Wells Fargo & Company increased their price target on Rockwell Automation from $355.00 to $380.00 and gave the stock an “equal weight” rating in a report on Friday, November 7th. Finally, Wall Street Zen raised Rockwell Automation from a “hold” rating to a “buy” rating in a research report on Sunday, September 21st. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Rockwell Automation presently has an average rating of “Moderate Buy” and an average price target of $364.75.

Rockwell Automation Stock Down 1.1%

Shares of NYSE ROK opened at $365.96 on Wednesday. The company has a quick ratio of 0.72, a current ratio of 1.06 and a debt-to-equity ratio of 0.72. The firm has a market cap of $41.09 billion, a PE ratio of 42.95, a P/E/G ratio of 3.30 and a beta of 1.45. The company’s fifty day simple moving average is $355.33 and its 200 day simple moving average is $339.25. Rockwell Automation, Inc. has a 12-month low of $215.00 and a 12-month high of $398.20.

Rockwell Automation (NYSE:ROK) last announced its quarterly earnings data 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 firm had revenue of $2.32 billion for the quarter, compared to analyst estimates of $2.19 billion. Rockwell Automation had a net margin of 12.03% and a return on equity of 30.14%. The business’s quarterly revenue was up 13.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.47 earnings per share. Rockwell Automation has set its FY 2026 guidance at 11.200-12.200 EPS. As a group, sell-side analysts forecast that Rockwell Automation, Inc. will post 9.35 earnings per share for the current fiscal year.

Rockwell Automation Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders of record on Monday, November 17th will be issued a $1.38 dividend. The ex-dividend date is Monday, November 17th. This is an increase from Rockwell Automation’s previous quarterly dividend of $1.31. This represents a $5.52 annualized dividend and a yield of 1.5%. Rockwell Automation’s dividend payout ratio is currently 72.06%.

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.