HBK Sorce Advisory LLC Grows Stake in Rockwell Automation, Inc. $ROK

HBK Sorce Advisory LLC lifted its stake in Rockwell Automation, Inc. (NYSE:ROK) by 88.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,692 shares of the industrial products company’s stock after buying an additional 1,737 shares during the period. HBK Sorce Advisory LLC’s holdings in Rockwell Automation were worth $1,300,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of ROK. Vanguard Group Inc. boosted its holdings in Rockwell Automation by 1.5% in 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 acquiring an additional 207,448 shares during the period. Geode Capital Management LLC boosted its stake in shares of 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. grew its holdings 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 valued at $470,091,000 after purchasing an additional 191,370 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in Rockwell Automation by 1.0% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,170,010 shares of the industrial products company’s stock worth $302,307,000 after buying an additional 11,849 shares during the period. Finally, Norges Bank acquired a new position in Rockwell Automation in the 2nd quarter worth $368,575,000. 75.75% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Rockwell Automation

In other news, CEO Blake D. Moret sold 61,700 shares of the firm’s stock in a transaction dated Thursday, November 6th. The shares were sold at an average price of $391.56, for a total transaction of $24,159,252.00. Following the completion of the transaction, the chief executive officer owned 83,873 shares in the company, valued at approximately $32,841,311.88. This trade represents a 42.38% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Rebecca W. House sold 1,698 shares of the business’s stock in a transaction that occurred on Wednesday, December 10th. The stock was sold at an average price of $402.06, for a total transaction of $682,697.88. Following the completion of the sale, the senior vice president owned 12,200 shares in the company, valued at $4,905,132. The trade was a 12.22% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 87,253 shares of company stock valued at $34,405,319. Corporate insiders own 0.76% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on ROK. Morgan Stanley raised their target price on Rockwell Automation from $385.00 to $435.00 and gave the company an “overweight” rating in a research note on Monday, November 10th. TD Cowen lifted their price objective on Rockwell Automation from $275.00 to $330.00 and gave the stock a “hold” rating in a report on Tuesday, December 2nd. Weiss Ratings reiterated a “hold (c)” rating on shares of Rockwell Automation in a research note on Monday, December 22nd. Bank of America lifted their price target on shares of Rockwell Automation from $410.00 to $430.00 and gave the stock a “buy” rating in a research note on Thursday, November 20th. Finally, Wall Street Zen upgraded shares of Rockwell Automation from a “hold” rating to a “buy” rating in a research note on Sunday, September 21st. Two investment analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $403.31.

Rockwell Automation Stock Down 0.8%

ROK stock opened at $396.47 on Tuesday. The firm’s 50-day moving average is $384.25 and its two-hundred day moving average is $357.34. The company has a market capitalization of $44.51 billion, a price-to-earnings ratio of 51.76, a price-to-earnings-growth ratio of 2.68 and a beta of 1.50. Rockwell Automation, Inc. has a 52 week low of $215.00 and a 52 week high of $415.89. 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 posted its quarterly earnings data 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. The business had revenue of $4.63 billion for the quarter, compared to analyst estimates of $2.19 billion. Rockwell Automation had a net margin of 10.42% and a return on equity of 32.69%. The business’s revenue for the quarter was up 13.8% on a year-over-year basis. During the same quarter last year, the business earned $2.47 earnings per share. Rockwell Automation has set its FY 2026 guidance at 11.200-12.200 EPS. On average, 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 disclosed a quarterly dividend, which was paid on Wednesday, December 10th. Stockholders of record on Monday, November 17th were issued a $1.38 dividend. This represents a $5.52 annualized dividend and a dividend yield of 1.4%. This is a positive change from Rockwell Automation’s previous quarterly dividend of $1.31. The ex-dividend date was Monday, November 17th. Rockwell Automation’s payout ratio is currently 72.06%.

Rockwell Automation Profile

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.