Montag A & Associates Inc. Sells 256 Shares of Rockwell Automation, Inc. $ROK

Montag A & Associates Inc. lessened its holdings in shares of Rockwell Automation, Inc. (NYSE:ROK) by 13.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,609 shares of the industrial products company’s stock after selling 256 shares during the period. Montag A & Associates Inc.’s holdings in Rockwell Automation were worth $534,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in ROK. Howe & Rusling Inc. increased its position in shares of Rockwell Automation by 4.9% during the first quarter. Howe & Rusling Inc. now owns 794 shares of the industrial products company’s stock worth $205,000 after acquiring an additional 37 shares during the period. IFP Advisors Inc raised its holdings in Rockwell Automation by 2.7% in the second quarter. IFP Advisors Inc now owns 1,427 shares of the industrial products company’s stock worth $476,000 after purchasing an additional 37 shares in the last quarter. Bank of Jackson Hole Trust lifted its position in shares of Rockwell Automation by 34.2% during the second quarter. Bank of Jackson Hole Trust now owns 161 shares of the industrial products company’s stock valued at $53,000 after buying an additional 41 shares during the last quarter. Wealthfront Advisers LLC boosted its holdings in shares of Rockwell Automation by 0.6% in the 1st quarter. Wealthfront Advisers LLC now owns 7,708 shares of the industrial products company’s stock valued at $1,992,000 after buying an additional 43 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. grew its position in shares of Rockwell Automation by 7.9% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 631 shares of the industrial products company’s stock worth $163,000 after buying an additional 46 shares during the last quarter. Hedge funds and other institutional investors own 75.75% of the company’s stock.

Rockwell Automation Stock Performance

Shares of NYSE ROK opened at $393.79 on Thursday. The company has a 50 day simple moving average of $352.87 and a two-hundred day simple moving average of $335.14. The stock has a market cap of $44.28 billion, a price-to-earnings ratio of 46.22, a PEG ratio of 3.30 and a beta of 1.45. The company has a current ratio of 1.06, a quick ratio of 0.72 and a debt-to-equity ratio of 0.72. Rockwell Automation, Inc. has a 12 month low of $215.00 and a 12 month high of $398.20.

Rockwell Automation (NYSE:ROK) last posted its earnings results on Thursday, November 6th. The industrial products company reported $3.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.94 by $0.40. The business 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 company’s revenue for the quarter was up 13.8% on a year-over-year basis. During the same period in the prior year, the company posted $2.47 EPS. Rockwell Automation has set its FY 2026 guidance at 11.200-12.200 EPS. As a group, analysts predict that Rockwell Automation, Inc. will post 9.35 earnings per share for the current year.

Rockwell Automation Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders of record on Monday, November 17th will be paid a $1.38 dividend. This is a positive change from Rockwell Automation’s previous quarterly dividend of $1.31. The ex-dividend date of this dividend is Monday, November 17th. This represents a $5.52 dividend on an annualized basis and a yield of 1.4%. Rockwell Automation’s dividend payout ratio is 72.06%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on ROK shares. Citigroup reissued a “buy” rating on shares of Rockwell Automation in a research report on Thursday, October 9th. Wall Street Zen upgraded Rockwell Automation from a “hold” rating to a “buy” rating in a research note on Sunday, September 21st. Bank of America upgraded Rockwell Automation from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $360.00 to $410.00 in a research note on Wednesday, July 16th. Oppenheimer restated an “outperform” rating and set a $391.00 price objective on shares of Rockwell Automation in a report on Friday, November 7th. Finally, Barclays lifted their target price 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 analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $364.75.

Insider Buying and Selling at Rockwell Automation

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 stock was sold at an average price of $348.08, for a total transaction of $499,494.80. Following the transaction, the senior vice president 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Matheus De A. G. Viera Bulho sold 822 shares of the company’s stock in a transaction on Wednesday, October 29th. The shares were sold at an average price of $365.00, for a total value of $300,030.00. Following the completion of the sale, the senior vice president owned 983 shares of the company’s stock, valued at approximately $358,795. The trade was a 45.54% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 92,075 shares of company stock worth $34,820,361. 0.68% of the stock is owned by company insiders.

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.