Grandfield & Dodd LLC Increases Holdings in Rockwell Automation, Inc. $ROK

Grandfield & Dodd LLC increased its position in Rockwell Automation, Inc. (NYSE:ROK) by 0.7% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 45,714 shares of the industrial products company’s stock after acquiring an additional 301 shares during the period. Grandfield & Dodd LLC’s holdings in Rockwell Automation were worth $15,185,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the company. IMA Advisory Services Inc. purchased a new stake in shares of Rockwell Automation in the first quarter valued at about $32,000. Legend Financial Advisors Inc. acquired a new stake in Rockwell Automation during the 2nd quarter valued at $39,000. SBI Securities Co. Ltd. lifted its position in shares of Rockwell Automation by 48.7% in the second quarter. SBI Securities Co. Ltd. now owns 116 shares of the industrial products company’s stock valued at $39,000 after acquiring an additional 38 shares in the last quarter. Cary Street Partners Investment Advisory LLC lifted its holdings in Rockwell Automation by 59.6% in the 1st quarter. Cary Street Partners Investment Advisory LLC now owns 166 shares of the industrial products company’s stock valued at $43,000 after purchasing an additional 62 shares in the last quarter. Finally, AdvisorShares Investments LLC purchased a new position in shares of Rockwell Automation during the second quarter valued at approximately $50,000. Hedge funds and other institutional investors own 75.75% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on ROK shares. Wells Fargo & Company raised their target price on shares of Rockwell Automation from $355.00 to $380.00 and gave the stock an “equal weight” rating in a research report on Friday, November 7th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Rockwell Automation in a report on Wednesday, October 8th. KeyCorp upped their price objective on Rockwell Automation from $370.00 to $380.00 and gave the stock an “overweight” rating in a report on Thursday, August 7th. Citigroup reaffirmed a “buy” rating on shares of Rockwell Automation in a research report on Thursday, October 9th. Finally, Wall Street Zen raised Rockwell Automation from a “hold” rating to a “buy” rating in a research report on Sunday, September 21st. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Rockwell Automation presently has a consensus rating of “Moderate Buy” and a consensus target price of $364.75.

Rockwell Automation Price Performance

ROK stock opened at $379.15 on Friday. The firm has a market cap of $42.63 billion, a P/E ratio of 44.50, a price-to-earnings-growth ratio of 3.30 and a beta of 1.45. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.72 and a current ratio of 1.06. Rockwell Automation, Inc. has a 1 year low of $215.00 and a 1 year high of $398.20. The stock has a 50-day simple moving average of $353.61 and a 200-day simple moving average of $335.45.

Rockwell Automation (NYSE:ROK) last released its quarterly 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 during the quarter, compared to analysts’ expectations of $2.19 billion. Rockwell Automation had a return on equity of 30.14% and a net margin of 12.03%.Rockwell Automation’s quarterly revenue was up 13.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.47 EPS. Rockwell Automation has set its FY 2026 guidance at 11.200-12.200 EPS. On average, equities analysts predict that Rockwell Automation, Inc. will post 9.35 earnings per share for the current fiscal year.

Rockwell Automation Increases Dividend

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

Insider Activity

In related 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 transaction of $300,030.00. Following the sale, the senior vice president owned 983 shares in the company, valued at $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 is available through this hyperlink. Also, CEO Blake D. Moret sold 61,700 shares of Rockwell Automation stock in a transaction that occurred on Thursday, November 6th. The shares were sold at an average price of $391.56, for a total value of $24,159,252.00. Following the completion of the transaction, the chief executive officer owned 83,873 shares of the company’s stock, valued at approximately $32,841,311.88. The trade was a 42.38% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 92,075 shares of company stock worth $34,820,361 over the last ninety days. Insiders own 0.68% of the company’s stock.

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.