Vise Technologies Inc. Takes $2.45 Million Position in Rockwell Automation, Inc. $ROK

Vise Technologies Inc. acquired a new stake in shares of Rockwell Automation, Inc. (NYSE:ROK) during the second quarter, HoldingsChannel reports. The fund acquired 4,940 shares of the industrial products company’s stock, valued at approximately $2,446,000.

A number of other hedge funds also recently bought and sold shares of the company. BlackRock Inc. purchased a new position in shares of Rockwell Automation during the second quarter worth approximately $6,129,376,000. Norges Bank purchased a new stake in shares of Rockwell Automation in the 4th quarter valued at $615,596,000. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Rockwell Automation by 5,925.6% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 906,192 shares of the industrial products company’s stock valued at $352,572,000 after purchasing an additional 891,153 shares in the last quarter. Bank of New York Mellon Corp bought a new position in shares of Rockwell Automation during the 2nd quarter valued at $300,589,000. Finally, Deutsche Bank AG purchased a new position in Rockwell Automation in the 2nd quarter worth $210,342,000. Institutional investors own 75.75% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on ROK shares. Weiss Ratings reissued a “buy (b-)” rating on shares of Rockwell Automation in a research note on Thursday, June 18th. HSBC raised their price objective on Rockwell Automation from $445.00 to $490.00 in a research note on Wednesday, May 6th. JPMorgan Chase & Co. lifted their price objective on Rockwell Automation from $404.00 to $417.00 and gave the stock a “neutral” rating in a report on Wednesday, May 6th. TD Cowen boosted their target price on Rockwell Automation from $350.00 to $400.00 and gave the company a “hold” rating in a research note on Wednesday, May 13th. Finally, Evercore set a $485.00 target price on Rockwell Automation in a report on Wednesday, August 5th. Nine equities research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $468.19.

Insider Activity

In other Rockwell Automation news, CFO Christian E. Rothe sold 590 shares of the stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of $434.30, for a total value of $256,237.00. Following the completion of the sale, the chief financial officer owned 10,429 shares in the company, valued at approximately $4,529,314.70. This trade represents a 5.35% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, SVP Matthew W. Fordenwalt sold 377 shares of Rockwell Automation stock in a transaction that occurred on Thursday, June 4th. The stock was sold at an average price of $460.51, for a total value of $173,612.27. Following the completion of the sale, the senior vice president owned 4,437 shares in the company, valued at approximately $2,043,282.87. This represents a 7.83% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 1,185 shares of company stock worth $529,331 over the last three months. 0.76% of the stock is owned by insiders.

Rockwell Automation Trading Up 1.4%

NYSE:ROK opened at $437.50 on Friday. The firm has a market capitalization of $48.58 billion, a P/E ratio of 41.00, a P/E/G ratio of 2.52 and a beta of 1.54. The company has a quick ratio of 0.74, a current ratio of 1.08 and a debt-to-equity ratio of 0.74. The company has a fifty day moving average of $461.98 and a 200 day moving average of $427.00. Rockwell Automation, Inc. has a 52 week low of $332.71 and a 52 week high of $497.36.

Rockwell Automation (NYSE:ROK) last announced its quarterly earnings results on Tuesday, August 4th. The industrial products company reported $3.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.38 by $0.11. Rockwell Automation had a net margin of 13.39% and a return on equity of 39.83%. The business had revenue of $2.31 billion for the quarter, compared to analyst estimates of $2.24 billion. During the same quarter last year, the firm earned $2.82 EPS. The company’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. On average, research analysts predict that Rockwell Automation, Inc. will post 13.22 earnings per share for the current year.

Rockwell Automation Dividend Announcement

The firm also recently announced 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. The ex-dividend date of this dividend is Monday, August 17th. This represents a $5.52 annualized dividend and a dividend yield of 1.3%. Rockwell Automation’s dividend payout ratio (DPR) is presently 51.73%.

Rockwell Automation announced that its board has authorized a stock repurchase plan on Tuesday, June 9th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the industrial products company to buy up to 2% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its stock is undervalued.

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.