Globeflex Capital L P Purchases New Position in Rockwell Automation, Inc. $ROK

Globeflex Capital L P acquired a new position in shares of Rockwell Automation, Inc. (NYSE:ROK) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 1,635 shares of the industrial products company’s stock, valued at approximately $809,000.

A number of other institutional investors also recently made changes to their positions in the company. Virtus Advisers LLC acquired a new stake in Rockwell Automation during the 2nd quarter worth approximately $25,000. MV Capital Management Inc. acquired a new position in Rockwell Automation in the 4th quarter valued at $28,000. Manchester Capital Management LLC lifted its holdings in shares of Rockwell Automation by 97.5% during the fourth quarter. Manchester Capital Management LLC now owns 79 shares of the industrial products company’s stock worth $31,000 after buying an additional 39 shares in the last quarter. Cassaday & Co Wealth Management LLC bought a new stake in shares of Rockwell Automation in the first quarter valued at about $31,000. Finally, BOK Financial Private Wealth Inc. bought a new stake in shares of Rockwell Automation in the fourth quarter valued at about $33,000. Institutional investors own 75.75% of the company’s stock.

Analysts Set New Price Targets

ROK has been the subject of several analyst reports. DA Davidson dropped their price objective on shares of Rockwell Automation from $500.00 to $490.00 and set a “neutral” rating for the company in a research note on Friday. Evercore set a $485.00 target price on shares of Rockwell Automation in a report on Wednesday, August 5th. Citigroup dropped their price target on shares of Rockwell Automation from $555.00 to $536.00 and set a “buy” rating for the company in a research report on Wednesday, August 5th. TD Cowen boosted their price target 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, Argus increased their price target on Rockwell Automation from $465.00 to $530.00 and gave the stock a “buy” rating in a research report on Wednesday, June 24th. Nine investment analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the stock. According to MarketBeat.com, Rockwell Automation presently has an average rating of “Hold” and a consensus target price of $468.19.

Rockwell Automation Trading Down 1.7%

ROK opened at $429.60 on Tuesday. The stock has a market capitalization of $47.71 billion, a price-to-earnings ratio of 40.26, a P/E/G ratio of 2.55 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. Rockwell Automation, Inc. has a twelve month low of $332.71 and a twelve month high of $497.36. The company has a 50-day simple moving average of $461.30 and a 200 day simple moving average of $426.98.

Rockwell Automation (NYSE:ROK) last released its earnings results on Tuesday, August 4th. The industrial products company reported $3.49 EPS for the quarter, beating the consensus estimate of $3.38 by $0.11. The firm had revenue of $2.31 billion for the quarter, compared to analyst estimates of $2.24 billion. Rockwell Automation had a net margin of 13.39% and a return on equity of 39.83%. The business’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same period last year, the firm earned $2.82 EPS. Rockwell Automation has set its FY 2026 guidance at 13.000-13.300 EPS. Analysts predict that Rockwell Automation, Inc. will post 13.21 EPS for the current fiscal year.

Rockwell Automation Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Monday, August 17th will be issued a $1.38 dividend. This represents a $5.52 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend is Monday, August 17th. Rockwell Automation’s dividend payout ratio (DPR) is currently 51.73%.

Rockwell Automation declared that its board has initiated a share buyback program on Tuesday, June 9th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the industrial products company to repurchase up to 2% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board of directors believes its shares are undervalued.

Insider Buying and Selling at Rockwell Automation

In other news, CFO Christian E. Rothe sold 590 shares of the business’s stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $434.30, for a total transaction of $256,237.00. Following the completion of the transaction, the chief financial officer owned 10,429 shares of the company’s stock, valued at approximately $4,529,314.70. The trade was a 5.35% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 the company’s stock in a transaction 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 sale, the senior vice president owned 4,437 shares of the company’s stock, valued at approximately $2,043,282.87. This represents a 7.83% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 1,185 shares of company stock worth $529,331. Corporate insiders own 0.76% of the company’s stock.

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.