Creative Planning Sells 1,957 Shares of Rockwell Automation, Inc. $ROK

Creative Planning trimmed its position in Rockwell Automation, Inc. (NYSE:ROK) by 5.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 32,438 shares of the industrial products company’s stock after selling 1,957 shares during the quarter. Creative Planning’s holdings in Rockwell Automation were worth $10,775,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Geode Capital Management LLC increased its stake in shares of Rockwell Automation by 1.7% in the 2nd quarter. Geode Capital Management LLC now owns 2,874,428 shares of the industrial products company’s stock valued at $950,744,000 after purchasing an additional 48,105 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in Rockwell Automation by 11.8% in the first quarter. Goldman Sachs Group Inc. now owns 1,819,379 shares of the industrial products company’s stock valued at $470,091,000 after buying an additional 191,370 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in Rockwell Automation by 0.6% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,579,956 shares of the industrial products company’s stock valued at $408,229,000 after acquiring an additional 9,920 shares during the last quarter. Invesco Ltd. grew its position in Rockwell Automation by 2.2% in the first quarter. Invesco Ltd. now owns 1,448,160 shares of the industrial products company’s stock valued at $374,176,000 after acquiring an additional 30,837 shares during the last quarter. Finally, Northern Trust Corp raised its stake in Rockwell Automation by 0.4% during the first quarter. Northern Trust Corp now owns 1,396,303 shares of the industrial products company’s stock worth $360,777,000 after acquiring an additional 4,972 shares in the last quarter. 75.75% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. Morgan Stanley raised their price target on shares of Rockwell Automation from $385.00 to $435.00 and gave the company an “overweight” rating in a research note on Monday, November 10th. KeyCorp increased their price objective on shares of Rockwell Automation from $370.00 to $380.00 and gave the company an “overweight” rating in a research note on Thursday, August 7th. Barclays boosted their target price on shares of Rockwell Automation from $370.00 to $417.00 and gave the stock an “overweight” rating in a research note on Friday, November 7th. JPMorgan Chase & Co. upped their price target on shares of Rockwell Automation from $357.00 to $400.00 and gave the stock a “neutral” rating in a report on Tuesday, November 11th. Finally, Wells Fargo & Company raised their price objective on Rockwell Automation from $355.00 to $380.00 and gave the company an “equal weight” rating in a report on Friday, November 7th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $364.75.

Insider Activity

In other Rockwell Automation news, CEO Blake D. Moret sold 61,700 shares of the company’s stock in a transaction dated Thursday, November 6th. The stock was sold at an average price of $391.56, for a total value of $24,159,252.00. Following the sale, the chief executive officer owned 83,873 shares in the company, valued at approximately $32,841,311.88. The trade was a 42.38% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Cyril Perducat sold 1,435 shares of the stock in a transaction dated Friday, August 29th. The shares were sold at an average price of $348.08, for a total value of $499,494.80. Following the completion of the sale, the senior vice president directly owned 3,787 shares of the company’s stock, valued at approximately $1,318,178.96. The trade was a 27.48% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 92,075 shares of company stock worth $34,820,361. 0.68% of the stock is owned by corporate insiders.

Rockwell Automation Stock Down 1.1%

Shares of NYSE ROK opened at $365.96 on Wednesday. The company has a 50 day simple moving average of $355.33 and a 200 day simple moving average of $339.25. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.06 and a quick ratio of 0.72. Rockwell Automation, Inc. has a 1 year low of $215.00 and a 1 year high of $398.20. The firm has a market cap of $41.09 billion, a PE ratio of 42.95, a price-to-earnings-growth ratio of 3.30 and a beta of 1.45.

Rockwell Automation (NYSE:ROK) last posted its earnings results on Thursday, November 6th. The industrial products company reported $3.34 earnings per share for the quarter, topping analysts’ consensus estimates of $2.94 by $0.40. The firm had revenue of $2.32 billion for the quarter, compared to analyst estimates of $2.19 billion. Rockwell Automation had a net margin of 12.03% and a return on equity of 30.14%. The company’s revenue for the quarter was up 13.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.47 EPS. Rockwell Automation has set its FY 2026 guidance at 11.200-12.200 EPS. On average, research analysts forecast that Rockwell Automation, Inc. will post 9.35 EPS for the current year.

Rockwell Automation Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Monday, November 17th will be given a dividend of $1.38 per share. The ex-dividend date of this dividend is Monday, November 17th. This represents a $5.52 annualized dividend and a yield of 1.5%. This is an increase from Rockwell Automation’s previous quarterly dividend of $1.31. Rockwell Automation’s dividend payout ratio is 72.06%.

Rockwell Automation Profile

Rockwell Automation, Inc provides industrial automation and digital transformation solutions in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. The company operates through three segments, Intelligent Devices, Software & Control, and Lifecycle Services. Its solutions include hardware and software products and services.