State of New Jersey Common Pension Fund D Sells 1,479 Shares of Rockwell Automation, Inc. $ROK

State of New Jersey Common Pension Fund D lessened its position in Rockwell Automation, Inc. (NYSE:ROK) by 3.7% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 37,993 shares of the industrial products company’s stock after selling 1,479 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Rockwell Automation were worth $14,782,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Fagan Associates Inc. acquired a new stake in Rockwell Automation in the fourth quarter valued at approximately $218,000. Simplicity Wealth LLC grew its stake in Rockwell Automation by 8.4% in the fourth quarter. Simplicity Wealth LLC now owns 1,125 shares of the industrial products company’s stock valued at $438,000 after acquiring an additional 87 shares during the period. Kohmann Bosshard Financial Services LLC acquired a new stake in Rockwell Automation in the fourth quarter valued at approximately $145,000. Strategic Blueprint LLC grew its stake in Rockwell Automation by 54.5% in the fourth quarter. Strategic Blueprint LLC now owns 1,647 shares of the industrial products company’s stock valued at $641,000 after acquiring an additional 581 shares during the period. Finally, KTF Investments LLC acquired a new stake in Rockwell Automation in the fourth quarter valued at approximately $389,000. Institutional investors and hedge funds own 75.75% of the company’s stock.

Insiders Place Their Bets

In other Rockwell Automation news, SVP Rebecca W. House sold 12,100 shares of the business’s stock in a transaction on Wednesday, February 25th. The stock was sold at an average price of $404.27, for a total value of $4,891,667.00. Following the transaction, the senior vice president owned 12,200 shares of the company’s stock, valued at approximately $4,932,094. The trade was a 49.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Tessa M. Myers sold 1,985 shares of the business’s stock in a transaction on Wednesday, February 25th. The stock was sold at an average price of $409.37, for a total value of $812,599.45. Following the completion of the transaction, the senior vice president directly owned 4,036 shares in the company, valued at approximately $1,652,217.32. This represents a 32.97% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 51,375 shares of company stock valued at $20,828,717. 0.76% of the stock is currently owned by insiders.

Rockwell Automation Stock Down 0.1%

ROK stock opened at $408.35 on Friday. The stock’s fifty day simple moving average is $383.62 and its two-hundred day simple moving average is $389.23. The company has a current ratio of 1.16, a quick ratio of 0.80 and a debt-to-equity ratio of 0.68. Rockwell Automation, Inc. has a 1-year low of $250.32 and a 1-year high of $438.72. The stock has a market cap of $45.88 billion, a P/E ratio of 46.72, a P/E/G ratio of 2.92 and a beta of 1.56.

Rockwell Automation (NYSE:ROK) last posted its quarterly earnings data on Thursday, February 5th. The industrial products company reported $2.75 earnings per share for the quarter, topping the consensus estimate of $2.46 by $0.29. Rockwell Automation had a return on equity of 34.92% and a net margin of 11.56%.The business had revenue of $2.11 billion for the quarter, compared to analysts’ expectations of $2.08 billion. During the same quarter in the previous year, the firm earned $1.83 earnings per share. The business’s revenue was up 11.9% on a year-over-year basis. Rockwell Automation has set its FY 2026 guidance at 11.400-12.200 EPS. Analysts expect that Rockwell Automation, Inc. will post 12.14 EPS for the current year.

Rockwell Automation Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Monday, May 18th will be given a $1.38 dividend. The ex-dividend date of this dividend is Monday, May 18th. This represents a $5.52 annualized dividend and a yield of 1.4%. Rockwell Automation’s payout ratio is currently 63.16%.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Mizuho raised their price objective on Rockwell Automation from $380.00 to $400.00 and gave the company a “neutral” rating in a research note on Friday, February 6th. Argus raised Rockwell Automation to a “strong-buy” rating in a research note on Friday, January 16th. Wells Fargo & Company reduced their price objective on Rockwell Automation from $410.00 to $360.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 1st. Oppenheimer cut Rockwell Automation from an “outperform” rating to a “market perform” rating in a research note on Tuesday, January 20th. Finally, Zacks Research cut Rockwell Automation from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 12th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $406.67.

Rockwell Automation Company 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.