FineMark National Bank & Trust Buys 156 Shares of Rockwell Automation, Inc. $ROK

FineMark National Bank & Trust grew its stake in shares of Rockwell Automation, Inc. (NYSE:ROK) by 16.8% in the second quarter, Holdings Channel reports. The institutional investor owned 1,086 shares of the industrial products company’s stock after purchasing an additional 156 shares during the period. FineMark National Bank & Trust’s holdings in Rockwell Automation were worth $361,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in the company. Primecap Management Co. CA raised its holdings in Rockwell Automation by 51.1% in the 2nd quarter. Primecap Management Co. CA now owns 386,032 shares of the industrial products company’s stock valued at $128,228,000 after acquiring an additional 130,582 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of Rockwell Automation by 1.5% during the 2nd quarter. Vanguard Group Inc. now owns 14,058,406 shares of the industrial products company’s stock worth $4,669,781,000 after purchasing an additional 207,448 shares in the last quarter. Dorsey & Whitney Trust CO LLC increased its position in shares of Rockwell Automation by 1.0% during the second quarter. Dorsey & Whitney Trust CO LLC now owns 25,101 shares of the industrial products company’s stock valued at $8,338,000 after purchasing an additional 248 shares during the period. Nomura Asset Management Co. Ltd. raised its stake in shares of Rockwell Automation by 5.0% in the second quarter. Nomura Asset Management Co. Ltd. now owns 36,425 shares of the industrial products company’s stock valued at $12,099,000 after purchasing an additional 1,724 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH lifted its position in Rockwell Automation by 8.1% in the second quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 134,302 shares of the industrial products company’s stock worth $44,611,000 after purchasing an additional 10,039 shares during the period. 75.75% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Rockwell Automation

In other news, SVP Cyril Perducat sold 1,435 shares of the firm’s stock in a transaction on Friday, August 29th. The stock was sold at an average price of $348.08, for a total value of $499,494.80. Following the completion of the sale, the senior vice president directly owned 3,787 shares in the company, valued at approximately $1,318,178.96. This trade represents a 27.48% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director James P. Keane sold 3,000 shares of Rockwell Automation stock in a transaction dated Tuesday, August 26th. The shares were sold at an average price of $356.06, for a total value of $1,068,180.00. Following the completion of the transaction, the director directly owned 9,192 shares of the company’s stock, valued at $3,272,903.52. This represents a 24.61% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 92,075 shares of company stock valued at $34,820,361. 0.68% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on ROK shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Rockwell Automation in a research note on Wednesday. Bank of America lifted their target price on shares of Rockwell Automation from $410.00 to $430.00 and gave the company a “buy” rating in a research report on Thursday. KeyCorp upped their target price on shares of Rockwell Automation from $370.00 to $380.00 and gave the company an “overweight” rating in a research note on Thursday, August 7th. Oppenheimer restated an “outperform” rating and set a $391.00 price target on shares of Rockwell Automation in a research note on Friday, November 7th. Finally, Wall Street Zen raised Rockwell Automation from a “hold” rating to a “buy” rating in a 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 issued a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $366.00.

Rockwell Automation Price Performance

Shares of Rockwell Automation stock opened at $369.29 on Friday. The stock has a market capitalization of $41.46 billion, a price-to-earnings ratio of 43.34, a P/E/G ratio of 3.30 and a beta of 1.45. The firm’s 50-day moving average price is $356.36 and its two-hundred day moving average price is $339.68. 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 1-year low of $215.00 and a 1-year 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, beating analysts’ consensus estimates of $2.94 by $0.40. The company had revenue of $2.32 billion during the quarter, compared to analysts’ expectations of $2.19 billion. Rockwell Automation had a net margin of 12.03% and a return on equity of 30.14%. Rockwell Automation’s quarterly revenue was up 13.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.47 earnings per share. Rockwell Automation has set its FY 2026 guidance at 11.200-12.200 EPS. On average, equities analysts predict that Rockwell Automation, Inc. will post 9.35 earnings per share for the current fiscal year.

Rockwell Automation Increases Dividend

The firm also recently disclosed 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 an increase from Rockwell Automation’s previous quarterly dividend of $1.31. 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. Rockwell Automation’s payout ratio is presently 72.06%.

Rockwell Automation Profile

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.