4,784 Rockwell Automation, Inc. $ROK Shares Bought by Ritholtz Wealth Management

Ritholtz Wealth Management boosted its position in shares of Rockwell Automation, Inc. (NYSE:ROK) by 408.5% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 5,955 shares of the industrial products company’s stock after buying an additional 4,784 shares during the quarter. Ritholtz Wealth Management’s holdings in Rockwell Automation were worth $2,592,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Flputnam Investment Management Co. purchased a new position in Rockwell Automation during the 2nd quarter valued at about $1,001,000. Lombard Odier Asset Management Europe Ltd raised its position in Rockwell Automation by 54.2% during the 1st quarter. Lombard Odier Asset Management Europe Ltd now owns 36,211 shares of the industrial products company’s stock valued at $12,995,000 after purchasing an additional 12,727 shares during the last quarter. Contravisory Investment Management Inc. raised its position in Rockwell Automation by 9,354.2% during the 2nd quarter. Contravisory Investment Management Inc. now owns 18,152 shares of the industrial products company’s stock valued at $8,987,000 after purchasing an additional 17,960 shares during the last quarter. Sequoia Financial Advisors LLC lifted its holdings in Rockwell Automation by 559.8% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 91,971 shares of the industrial products company’s stock worth $45,533,000 after buying an additional 78,032 shares during the period. Finally, Pure Financial Advisors LLC lifted its holdings in Rockwell Automation by 124.9% in the 2nd quarter. Pure Financial Advisors LLC now owns 4,294 shares of the industrial products company’s stock worth $2,126,000 after buying an additional 2,385 shares during the period. 75.75% of the stock is currently owned by institutional investors.

Rockwell Automation Trading Down 0.4%

ROK stock traded down $1.67 during trading on Friday, reaching $402.53. The company had a trading volume of 913,260 shares, compared to its average volume of 1,074,089. Rockwell Automation, Inc. has a 52 week low of $347.53 and a 52 week high of $497.36. The company has a market cap of $44.70 billion, a P/E ratio of 32.07, a PEG ratio of 2.83 and a beta of 1.51. The business has a 50 day moving average of $426.86 and a 200 day moving average of $426.80. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.11 and a quick ratio of 1.35.

Rockwell Automation (NYSE:ROK) last issued its quarterly earnings data on Thursday, November 5th. The industrial products company reported $3.88 EPS for the quarter, topping the consensus estimate of $3.69 by $0.19. The business had revenue of $2.33 billion during the quarter, compared to analyst estimates of $2.41 billion. Rockwell Automation had a net margin of 15.68% and a return on equity of 41.79%. Rockwell Automation’s quarterly revenue was up .7% compared to the same quarter last year. During the same period last year, the business posted $3.34 earnings per share. Rockwell Automation has set its FY 2027 guidance at 14.500-15.500 EPS. As a group, sell-side analysts forecast that Rockwell Automation, Inc. will post 14.95 earnings per share for the current fiscal year.

Rockwell Automation Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 10th. Stockholders of record on Monday, November 16th will be given a $1.45 dividend. The ex-dividend date of this dividend is Monday, November 16th. This represents a $5.80 annualized dividend and a dividend yield of 1.4%. This is an increase from Rockwell Automation’s previous quarterly dividend of $1.38. Rockwell Automation’s dividend payout ratio is currently 43.98%.

Trending Headlines about Rockwell Automation

Here are a few of the latest headlines about ROK:

• Neutral Sentiment: Vice President Isaac Woods sold 500 shares for about $201,000 under a pre-arranged Rule 10b5-1 plan. He retained 1,358 shares; the planned nature of the transaction makes it a limited signal about his current outlook. SEC Form 4 filing
• Negative Sentiment: ETFs were reported as net sellers of ROK shares on Nov. 11. This may add some flow-related pressure, although ETF activity alone does not indicate a change in the company’s fundamentals. Article: ETFs Are Net Sellers of Rockwell Automation
• Negative Sentiment: An analyst highlighted Rockwell’s global tax profile as a risk, with tax rates potentially fluctuating due to jurisdictional factors and government incentives. Such changes could add uncertainty to earnings. Article: Rockwell Automation’s Tax-Rate Risk

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Sanford C. Bernstein lifted their price objective on Rockwell Automation from $501.00 to $514.00 and gave the stock a “market perform” rating in a research report on Friday, August 14th. Morgan Stanley set a $520.00 target price on Rockwell Automation in a report on Friday, October 16th. The Goldman Sachs Group decreased their target price on Rockwell Automation from $510.00 to $485.00 and set a “neutral” rating for the company in a report on Wednesday, September 30th. Citigroup dropped their price target on Rockwell Automation from $536.00 to $504.00 and set a “buy” rating for the company in a research note on Friday, November 6th. Finally, Weiss Ratings upgraded shares of Rockwell Automation from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, October 26th. Nine analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $471.33.

Insider Buying and Selling

In other news, Director Patricia Watson sold 1,100 shares of the firm’s stock in a transaction that occurred on Thursday, August 27th. The stock was sold at an average price of $431.43, for a total value of $474,573.00. Following the completion of the transaction, the director owned 6,385 shares in the company, valued at $2,754,680.55. This trade represents a 14.70% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Matheus Bulho sold 467 shares of Rockwell Automation stock in a transaction that occurred on Monday, August 31st. The shares were sold at an average price of $426.96, for a total value of $199,390.32. Following the sale, the senior vice president owned 1,267 shares in the company, valued at $540,958.32. This represents a 26.93% 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 have sold a total of 3,211 shares of company stock worth $1,366,185 over the last quarter. Company insiders own 0.76% of the company’s stock.

Rockwell Automation Profile

Rockwell Automation, Inc. is an industrial automation and digital transformation company headquartered in Milwaukee, Wisconsin. Its roots date to 1903, when it was founded as the Compression Rheostat Company. The company provides hardware, software and services that help manufacturers automate and manage industrial operations. Its offerings include control systems, sensors, motor-control products, industrial software and services for optimizing production and maintaining equipment. Its Allen-Bradley and FactoryTalk brands are among its best-known product lines.