Rockwell Automation, Inc. $ROK Shares Purchased by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. lifted its position in shares of Rockwell Automation, Inc. (NYSE:ROK) by 2.0% during the 4th quarter, HoldingsChannel reports. The fund owned 67,988 shares of the industrial products company’s stock after purchasing an additional 1,362 shares during the period. Rockefeller Capital Management L.P.’s holdings in Rockwell Automation were worth $26,452,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in ROK. HBK Sorce Advisory LLC lifted its holdings 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 purchasing an additional 27 shares in the last quarter. Johnson Investment Counsel Inc. boosted its holdings in shares of Rockwell Automation by 1.9% during the 4th quarter. Johnson Investment Counsel Inc. now owns 1,412 shares of the industrial products company’s stock worth $549,000 after purchasing an additional 27 shares during 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 worth $563,000 after buying an additional 28 shares during the last quarter. Robertson Stephens Wealth Management LLC boosted its position in shares of Rockwell Automation by 2.4% during the 4th quarter. Robertson Stephens Wealth Management LLC now owns 1,202 shares of the industrial products company’s stock valued at $468,000 after acquiring an additional 28 shares during the last quarter. Finally, Equitable Trust Co. boosted its holdings in Rockwell Automation by 1.1% in the 3rd quarter. Equitable Trust Co. now owns 2,598 shares of the industrial products company’s stock valued at $908,000 after purchasing an additional 29 shares during the last quarter. Hedge funds and other institutional investors own 75.75% of the company’s stock.

Rockwell Automation Stock Performance

NYSE ROK opened at $478.09 on Tuesday. The business’s 50-day moving average price is $439.82 and its 200 day moving average price is $410.34. Rockwell Automation, Inc. has a 52-week low of $305.44 and a 52-week high of $479.59. The firm has a market cap of $53.20 billion, a P/E ratio of 49.70, a P/E/G ratio of 3.03 and a beta of 1.57. 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 (NYSE:ROK) last released its earnings results on Tuesday, May 5th. The industrial products company reported $3.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.88 by $0.42. The business had revenue of $2.24 billion for 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%.The company’s revenue for the quarter was up 11.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.45 earnings per share. Rockwell Automation has set its FY 2026 guidance at 12.500-13.100 EPS. On average, equities research analysts expect that Rockwell Automation, Inc. will post 13 earnings per share for the current year.

Rockwell Automation declared that its Board of Directors has authorized a share buyback program on Tuesday, June 9th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the industrial products company to purchase up to 2% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s board of directors believes its stock is undervalued.

Rockwell Automation Dividend Announcement

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

Insider Activity

In other Rockwell Automation news, SVP Matheus De A. G. Viera Bulho sold 1,250 shares of the stock in a transaction on Wednesday, April 8th. The stock was sold at an average price of $387.50, for a total value of $484,375.00. Following the completion of the transaction, the senior vice president owned 1,734 shares in the company, valued at approximately $671,925. This represents a 41.89% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP John M. Miller sold 1,054 shares of the company’s stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $426.02, for a total transaction of $449,025.08. Following the transaction, the vice president directly owned 5,615 shares in the company, valued at approximately $2,392,102.30. This trade represents a 15.80% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 12,308 shares of company stock valued at $5,339,812 over the last three months. 0.76% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

ROK has been the topic of several recent analyst reports. Citigroup upped their price target on Rockwell Automation from $466.00 to $500.00 and gave the company a “buy” rating in a research note on Wednesday, May 6th. Barclays raised their price target on shares of Rockwell Automation from $400.00 to $480.00 and gave the company an “overweight” rating in a research report on Wednesday, May 6th. TD Cowen boosted their price objective on Rockwell Automation from $350.00 to $400.00 and gave the stock a “hold” rating in a research report on Wednesday, May 13th. Evercore boosted their target price on shares of Rockwell Automation from $440.00 to $480.00 in a research note on Wednesday, May 6th. Finally, DA Davidson started coverage on Rockwell Automation in a report on Tuesday, June 16th. They issued a “neutral” rating and a $500.00 price target for the company. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and twelve have given a Hold rating to the stock. According to data from MarketBeat, Rockwell Automation currently has an average rating of “Moderate Buy” and an average target price of $454.05.

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.