JPMorgan Chase & Co. Has $122.47 Million Stock Holdings in Rockwell Automation, Inc. $ROK

JPMorgan Chase & Co. reduced its stake in Rockwell Automation, Inc. (NYSE:ROK) by 6.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 368,670 shares of the industrial products company’s stock after selling 26,025 shares during the period. JPMorgan Chase & Co. owned 0.33% of Rockwell Automation worth $122,470,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Legend Financial Advisors Inc. acquired a new position in Rockwell Automation in the 2nd quarter valued at about $39,000. SBI Securities Co. Ltd. lifted its position in Rockwell Automation by 48.7% during the second quarter. SBI Securities Co. Ltd. now owns 116 shares of the industrial products company’s stock worth $39,000 after acquiring an additional 38 shares during the last quarter. Financial Gravity Companies Inc. bought a new stake in shares of Rockwell Automation during the second quarter worth approximately $40,000. Cary Street Partners Investment Advisory LLC grew its position in shares of Rockwell Automation by 59.6% in the first 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 during the last quarter. Finally, AdvisorShares Investments LLC bought a new position in shares of Rockwell Automation during the second quarter worth approximately $50,000. 75.75% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Citigroup restated a “buy” rating on shares of Rockwell Automation in a research note on Thursday, October 9th. Wells Fargo & Company boosted their target price on shares of Rockwell Automation from $355.00 to $380.00 and gave the company an “equal weight” rating in a research report on Friday, November 7th. JPMorgan Chase & Co. raised their price target on shares of Rockwell Automation from $357.00 to $400.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 11th. Robert W. Baird lifted their price objective on shares of Rockwell Automation from $392.00 to $402.00 and gave the stock an “outperform” rating in a research note on Friday, November 21st. Finally, Morgan Stanley increased their target price on shares of Rockwell Automation from $385.00 to $435.00 and gave the stock an “overweight” rating in a research report on Monday, November 10th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $371.44.

Rockwell Automation Trading Up 0.6%

Shares of Rockwell Automation stock opened at $393.84 on Thursday. The company has a market capitalization of $44.22 billion, a price-to-earnings ratio of 46.23, a PEG ratio of 3.30 and a beta of 1.45. The company has a quick ratio of 0.72, a current ratio of 1.06 and a debt-to-equity ratio of 0.72. Rockwell Automation, Inc. has a 12-month low of $215.00 and a 12-month high of $398.20. The firm’s 50-day moving average price is $359.77 and its two-hundred day moving average price is $343.27.

Rockwell Automation (NYSE:ROK) last issued its earnings results 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. The company had revenue of $2.32 billion during the quarter, compared to analysts’ expectations of $2.19 billion. Rockwell Automation had a net margin of 12.03% and a return on equity of 30.14%. The business’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 company earned $2.47 EPS. Rockwell Automation has set its FY 2026 guidance at 11.200-12.200 EPS. On average, analysts forecast 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. Shareholders of record on Monday, November 17th will be issued a $1.38 dividend. The ex-dividend date of this dividend is Monday, November 17th. This represents a $5.52 dividend on an annualized basis and a dividend yield of 1.4%. This is a boost from Rockwell Automation’s previous quarterly dividend of $1.31. Rockwell Automation’s dividend payout ratio (DPR) is 72.06%.

Insiders Place Their Bets

In other news, CEO Blake D. Moret sold 61,700 shares of the business’s stock in a transaction on Thursday, November 6th. The stock was sold at an average price of $391.56, for a total transaction 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Isaac Woods sold 365 shares of the company’s stock in a transaction on Friday, August 29th. The stock was sold at an average price of $348.44, for a total value of $127,180.60. Following the sale, the vice president owned 1,691 shares of the company’s stock, valued at approximately $589,212.04. This represents a 17.75% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 89,075 shares of company stock worth $33,752,181. 0.68% of the stock is currently owned by company insiders.

About Rockwell Automation

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.