Rockwell Automation, Inc. $ROK Stock Position Lifted by Balyasny Asset Management L.P.

Balyasny Asset Management L.P. boosted its position in shares of Rockwell Automation, Inc. (NYSE:ROK) by 74.3% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 560,715 shares of the industrial products company’s stock after buying an additional 238,993 shares during the period. Balyasny Asset Management L.P.’s holdings in Rockwell Automation were worth $218,157,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. HBK Sorce Advisory LLC boosted its stake in Rockwell Automation by 0.7% during the fourth quarter. HBK Sorce Advisory LLC now owns 3,719 shares of the industrial products company’s stock valued at $1,544,000 after buying an additional 27 shares in the last quarter. Johnson Investment Counsel Inc. boosted its stake in Rockwell Automation by 1.9% during the fourth quarter. Johnson Investment Counsel Inc. now owns 1,412 shares of the industrial products company’s stock valued at $549,000 after buying an additional 27 shares in the last quarter. Nations Financial Group Inc. IA ADV boosted its stake in Rockwell Automation by 2.0% during the fourth quarter. Nations Financial Group Inc. IA ADV now owns 1,446 shares of the industrial products company’s stock valued at $563,000 after buying an additional 28 shares in the last quarter. Robertson Stephens Wealth Management LLC boosted its stake in Rockwell Automation by 2.4% during the fourth quarter. Robertson Stephens Wealth Management LLC now owns 1,202 shares of the industrial products company’s stock valued at $468,000 after buying an additional 28 shares in the last quarter. Finally, Equitable Trust Co. boosted its stake in Rockwell Automation by 1.1% during the third quarter. Equitable Trust Co. now owns 2,598 shares of the industrial products company’s stock valued at $908,000 after buying an additional 29 shares in the last quarter. Institutional investors own 75.75% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on ROK. DA Davidson began coverage on Rockwell Automation in a research note on Tuesday. They set a “neutral” rating and a $500.00 target price for the company. Wells Fargo & Company raised their target price on Rockwell Automation from $360.00 to $440.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 6th. BNP Paribas Exane increased their price target on Rockwell Automation from $495.00 to $515.00 in a research report on Wednesday, May 6th. KeyCorp increased their price target on Rockwell Automation from $470.00 to $510.00 and gave the company an “overweight” rating in a research report on Wednesday, May 6th. Finally, Mizuho set a $445.00 price target on Rockwell Automation in a research report on Wednesday, May 6th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and twelve have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $454.05.

Rockwell Automation Trading Down 1.5%

NYSE:ROK opened at $459.20 on Thursday. The company has a quick ratio of 0.76, a current ratio of 1.09 and a debt-to-equity ratio of 0.72. Rockwell Automation, Inc. has a 1-year low of $305.44 and a 1-year high of $474.99. The firm has a market capitalization of $51.09 billion, a price-to-earnings ratio of 47.73, a price-to-earnings-growth ratio of 2.98 and a beta of 1.57. The stock has a fifty day simple moving average of $434.40 and a 200 day simple moving average of $408.56.

Rockwell Automation (NYSE:ROK) last released its quarterly earnings results on Tuesday, May 5th. The industrial products company reported $3.30 earnings per share for the quarter, beating analysts’ consensus estimates of $2.88 by $0.42. The business had revenue of $2.24 billion during the quarter, compared to analyst estimates of $2.16 billion. Rockwell Automation had a return on equity of 37.54% and a net margin of 12.36%.Rockwell Automation’s revenue for the quarter was up 11.9% on a year-over-year basis. During the same quarter last year, the company posted $2.45 EPS. Rockwell Automation has set its FY 2026 guidance at 12.500-13.100 EPS. Sell-side analysts forecast that Rockwell Automation, Inc. will post 13.02 earnings per share for the current year.

Rockwell Automation Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Monday, August 17th will be paid a $1.38 dividend. This represents a $5.52 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Monday, August 17th. Rockwell Automation’s dividend payout ratio is currently 57.38%.

Rockwell Automation announced that its Board of Directors has initiated a stock repurchase program on Tuesday, June 9th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the industrial products company to purchase up to 2% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s management believes its shares are undervalued.

Insider Transactions at Rockwell Automation

In related news, VP Terry L. Riesterer sold 4,024 shares of the stock in a transaction dated Thursday, May 7th. The stock was sold at an average price of $451.97, for a total value of $1,818,727.28. Following the completion of the sale, the vice president directly owned 134 shares of the company’s stock, valued at approximately $60,563.98. This represents a 96.78% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Christopher Nardecchia sold 2,538 shares of the stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $446.43, for a total value of $1,133,039.34. Following the completion of the sale, the senior vice president directly owned 14,232 shares of the company’s stock, valued at approximately $6,353,591.76. This represents a 15.13% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 12,308 shares of company stock worth $5,339,812. 0.76% of the stock is currently owned by company insiders.

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.