Global Retirement Partners LLC Acquires Shares of 2,583 Rockwell Automation, Inc. $ROK

Global Retirement Partners LLC acquired a new stake in Rockwell Automation, Inc. (NYSE:ROK) during the 2nd quarter, Holdings Channel.com reports. The fund acquired 2,583 shares of the industrial products company’s stock, valued at approximately $858,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Robeco Institutional Asset Management B.V. raised its holdings in Rockwell Automation by 720.8% in the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 399,309 shares of the industrial products company’s stock valued at $132,638,000 after acquiring an additional 350,662 shares during the period. Ontario Teachers Pension Plan Board boosted its holdings in shares of Rockwell Automation by 7,730.3% during the second quarter. Ontario Teachers Pension Plan Board now owns 354,792 shares of the industrial products company’s stock worth $117,851,000 after acquiring an additional 350,261 shares during the period. Great Lakes Advisors LLC acquired a new position in shares of Rockwell Automation in the first quarter valued at approximately $73,908,000. Nuveen LLC bought a new position in shares of Rockwell Automation during the first quarter worth approximately $63,632,000. Finally, Raymond James Financial Inc. boosted its stake in Rockwell Automation by 213.7% in the 1st quarter. Raymond James Financial Inc. now owns 357,080 shares of the industrial products company’s stock valued at $92,263,000 after purchasing an additional 243,249 shares during the period. Institutional investors own 75.75% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on ROK. Barclays increased their price objective on Rockwell Automation from $370.00 to $417.00 and gave the stock an “overweight” rating in a research report on Friday, November 7th. Wells Fargo & Company lifted their price objective on shares of Rockwell Automation from $355.00 to $380.00 and gave the stock an “equal weight” rating in a research note on Friday, November 7th. Oppenheimer restated an “outperform” rating and set a $391.00 target price on shares of Rockwell Automation in a research report on Friday, November 7th. Robert W. Baird lifted their price target on shares of Rockwell Automation from $392.00 to $402.00 and gave the company an “outperform” rating in a research report on Friday, November 21st. Finally, Bank of America increased their price target on Rockwell Automation from $410.00 to $430.00 and gave the stock a “buy” rating in a research report on Thursday, November 20th. One research 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 issued a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $371.44.

Rockwell Automation Stock Performance

NYSE ROK opened at $393.84 on Friday. The company has a current ratio of 1.06, a quick ratio of 0.72 and a debt-to-equity ratio of 0.72. The firm has a market capitalization of $44.22 billion, a price-to-earnings ratio of 46.23, a P/E/G ratio of 3.30 and a beta of 1.45. The firm’s 50 day simple moving average is $360.68 and its 200 day simple moving average is $343.62. Rockwell Automation, Inc. has a 1 year low of $215.00 and a 1 year high of $398.20.

Rockwell Automation (NYSE:ROK) last announced its quarterly earnings data on Thursday, November 6th. The industrial products company reported $3.34 EPS for the quarter, beating the consensus estimate of $2.94 by $0.40. Rockwell Automation had a net margin of 12.03% and a return on equity of 30.14%. The business had revenue of $4.63 billion during the quarter, compared to the consensus estimate of $2.19 billion. During the same period in the previous year, the business earned $2.47 earnings per share. The company’s revenue was up 13.8% on a year-over-year basis. Rockwell Automation has set its FY 2026 guidance at 11.200-12.200 EPS. As a group, research analysts expect that Rockwell Automation, Inc. will post 9.35 earnings per share for the current fiscal year.

Rockwell Automation Increases Dividend

The firm also recently disclosed 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 is Monday, November 17th. This represents a $5.52 annualized dividend and a dividend yield of 1.4%. This is an increase from Rockwell Automation’s previous quarterly dividend of $1.31. Rockwell Automation’s dividend payout ratio is currently 72.06%.

Insider Activity at Rockwell Automation

In other news, SVP Matheus De A. G. Viera Bulho sold 822 shares of the stock in a transaction dated Wednesday, October 29th. The shares were sold at an average price of $365.00, for a total value of $300,030.00. Following the completion of the transaction, the senior vice president owned 983 shares of the company’s stock, valued at approximately $358,795. This represents a 45.54% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Isaac Woods sold 250 shares of Rockwell Automation stock in a transaction that occurred on Thursday, September 11th. The shares were sold at an average price of $350.00, for a total transaction of $87,500.00. Following the sale, the vice president directly owned 1,662 shares in the company, valued at $581,700. This trade represents a 13.08% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 87,275 shares of company stock valued at $33,125,505 over the last ninety days. 0.68% of the stock is owned by corporate insiders.

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.