Mitsubishi UFJ Asset Management Co. Ltd. Takes $192.20 Million Position in Rockwell Automation, Inc. $ROK

Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in Rockwell Automation, Inc. (NYSE:ROK) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 388,222 shares of the industrial products company’s stock, valued at approximately $192,201,000. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.35% of Rockwell Automation as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. OneDigital Investment Advisors LLC bought a new position in Rockwell Automation during the second quarter worth about $2,074,000. Plato Investment Management Ltd acquired a new stake in Rockwell Automation during the second quarter valued at approximately $1,750,000. Bell Investment Advisors Inc bought a new stake in shares of Rockwell Automation in the 2nd quarter valued at approximately $139,000. Simplicity Wealth LLC bought a new stake in shares of Rockwell Automation in the 2nd quarter valued at approximately $667,000. Finally, Uniting Wealth Partners LLC acquired a new position in shares of Rockwell Automation in the 2nd quarter worth approximately $821,000. Institutional investors and hedge funds own 75.75% of the company’s stock.

Rockwell Automation Stock Down 0.8%

Shares of ROK opened at $445.69 on Tuesday. The company has a market capitalization of $49.49 billion, a P/E ratio of 41.77, a PEG ratio of 2.62 and a beta of 1.54. Rockwell Automation, Inc. has a one year low of $332.71 and a one year high of $497.36. The business’s 50 day simple moving average is $463.60 and its 200-day simple moving average is $426.67. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.08 and a quick ratio of 0.74.

Rockwell Automation (NYSE:ROK) last released its quarterly earnings results on Tuesday, August 4th. The industrial products company reported $3.49 earnings per share for the quarter, beating analysts’ consensus estimates of $3.38 by $0.11. Rockwell Automation had a return on equity of 39.83% and a net margin of 13.39%.The firm had revenue of $2.31 billion during the quarter, compared to analysts’ expectations of $2.24 billion. During the same period last year, the firm posted $2.82 EPS. The business’s revenue was up 7.9% on a year-over-year basis. Rockwell Automation has set its FY 2026 guidance at 13.000-13.300 EPS. As a group, sell-side analysts predict that Rockwell Automation, Inc. will post 13.22 EPS for the current fiscal year.

Rockwell Automation Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Monday, August 17th will be paid a $1.38 dividend. The ex-dividend date is Monday, August 17th. This represents a $5.52 dividend on an annualized basis and a dividend yield of 1.2%. Rockwell Automation’s dividend payout ratio (DPR) is 51.73%.

Rockwell Automation announced that its board has approved a stock buyback plan on Tuesday, June 9th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the industrial products company to repurchase up to 2% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s board of directors believes its shares are undervalued.

Analyst Ratings Changes

ROK has been the topic of several recent analyst reports. Sanford C. Bernstein boosted their price target on Rockwell Automation from $501.00 to $514.00 and gave the company a “market perform” rating in a research note on Friday. TD Cowen increased their price objective on Rockwell Automation from $350.00 to $400.00 and gave the stock a “hold” rating in a research note on Wednesday, May 13th. KeyCorp lifted their price objective on Rockwell Automation from $470.00 to $510.00 and gave the company an “overweight” rating in a report on Wednesday, May 6th. The Goldman Sachs Group boosted their target price on shares of Rockwell Automation from $448.00 to $487.00 in a research note on Wednesday, May 6th. Finally, Rothschild & Co Redburn upped their target price on shares of Rockwell Automation from $365.00 to $378.00 in a report on Wednesday, May 6th. Nine investment analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $468.67.

Insiders Place Their Bets

In other Rockwell Automation news, VP John M. Miller sold 1,054 shares of the stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $426.02, for a total transaction of $449,025.08. Following the sale, the vice president owned 5,615 shares of the company’s stock, valued at $2,392,102.30. This represents a 15.80% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Matthew W. Fordenwalt sold 377 shares of the firm’s stock in a transaction dated Thursday, June 4th. The shares were sold at an average price of $460.51, for a total transaction of $173,612.27. Following the completion of the sale, the senior vice president owned 4,437 shares of the company’s stock, valued at $2,043,282.87. The trade was a 7.83% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 1,649 shares of company stock valued at $722,119. 0.76% of the stock is currently owned by corporate insiders.

About Rockwell Automation

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.