Investment Partners LTD. Buys 1,417 Shares of Rockwell Automation, Inc. $ROK

Investment Partners LTD. raised its position in shares of Rockwell Automation, Inc. (NYSE:ROK) by 235.8% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,018 shares of the industrial products company’s stock after purchasing an additional 1,417 shares during the quarter. Investment Partners LTD.’s holdings in Rockwell Automation were worth $878,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Virtus Advisers LLC bought a new stake in shares of Rockwell Automation in the 2nd quarter worth approximately $25,000. Cassaday & Co Wealth Management LLC bought a new stake in Rockwell Automation during the 1st quarter worth about $31,000. Elevation Wealth Partners LLC lifted its stake in Rockwell Automation by 700.0% in the second quarter. Elevation Wealth Partners LLC now owns 88 shares of the industrial products company’s stock valued at $44,000 after acquiring an additional 77 shares during the last quarter. Lodestone Wealth Management LLC acquired a new position in shares of Rockwell Automation in the third quarter valued at $40,000. Finally, Polaris Financial Partners acquired a new stake in shares of Rockwell Automation during the third quarter worth $42,000. 75.75% of the stock is owned by hedge funds and other institutional investors.

Rockwell Automation Price Performance

ROK stock opened at $435.64 on Friday. Rockwell Automation, Inc. has a 1 year low of $347.53 and a 1 year high of $497.36. The firm has a market capitalization of $48.38 billion, a P/E ratio of 40.83, a P/E/G ratio of 2.07 and a beta of 1.51. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.08 and a quick ratio of 0.74. The business’s 50-day moving average is $430.91 and its two-hundred day moving average is $427.26.

Rockwell Automation (NYSE:ROK) last posted its quarterly earnings results on Tuesday, August 4th. The industrial products company reported $3.49 earnings per share for the quarter, topping analysts’ consensus estimates of $3.38 by $0.11. The business had revenue of $2.31 billion for the quarter, compared to analysts’ expectations of $2.24 billion. Rockwell Automation had a net margin of 13.39% and a return on equity of 39.83%. The business’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same period in the prior year, the company posted $2.82 EPS. Rockwell Automation has set its FY 2026 guidance at 13.000-13.300 EPS. Analysts anticipate that Rockwell Automation, Inc. will post 13.26 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on ROK. Robert W. Baird set a $514.00 target price on Rockwell Automation in a report on Wednesday, August 5th. Weiss Ratings upgraded shares of Rockwell Automation from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, October 26th. Wells Fargo & Company initiated coverage on Rockwell Automation in a research report on Thursday, September 24th. They issued an “equal weight” rating and a $426.00 price objective on the stock. Citigroup cut their price objective on shares of Rockwell Automation from $555.00 to $536.00 and set a “buy” rating for the company in a report on Wednesday, August 5th. Finally, The Goldman Sachs Group lowered their target price on shares of Rockwell Automation from $510.00 to $485.00 and set a “neutral” rating for the company in a research note on Wednesday, September 30th. Nine research analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $468.00.

Insider Buying and Selling

In other Rockwell Automation news, SVP Matheus Bulho sold 400 shares of Rockwell Automation stock in a transaction on Wednesday, September 2nd. The stock was sold at an average price of $420.14, for a total transaction of $168,056.00. Following the sale, the senior vice president owned 867 shares of the company’s stock, valued at $364,261.38. The trade was a 31.57% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Patricia Watson sold 1,100 shares of the company’s stock in a transaction dated Thursday, August 27th. The shares were sold at an average price of $431.43, for a total transaction of $474,573.00. Following the sale, the director directly owned 6,385 shares of the company’s stock, valued at $2,754,680.55. This represents a 14.70% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 2,711 shares of company stock valued at $1,164,880 over the last quarter. Company insiders own 0.76% of the company’s stock.

About Rockwell Automation

Rockwell Automation, Inc (NYSE: ROK) is a global provider of industrial automation and digital transformation technologies. The company helps manufacturers and industrial organizations improve productivity, safety, quality and operational efficiency through connected hardware, software and services.

Its product portfolio includes industrial control systems, programmable logic controllers, motor control and sensing equipment, industrial computers, safety products, networking technologies and power-control solutions.