Korea Investment CORP Purchases New Position in Rockwell Automation, Inc. $ROK

Korea Investment CORP purchased a new position in Rockwell Automation, Inc. (NYSE:ROK) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 115,134 shares of the industrial products company’s stock, valued at approximately $57,001,000. Korea Investment CORP owned approximately 0.10% of Rockwell Automation at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. BlackRock Inc. purchased a new position in shares of Rockwell Automation during the 2nd quarter worth approximately $6,129,376,000. Norges Bank purchased a new position in shares of Rockwell Automation in the 4th quarter valued at approximately $615,596,000. Northwestern Mutual Wealth Management Co. boosted its position in shares of Rockwell Automation by 5,925.6% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 906,192 shares of the industrial products company’s stock valued at $352,572,000 after purchasing an additional 891,153 shares in the last quarter. Bank of New York Mellon Corp bought a new stake in Rockwell Automation during the second quarter worth about $300,589,000. Finally, Deutsche Bank AG bought a new stake in Rockwell Automation in the second quarter worth $210,342,000. 75.75% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have recently commented on ROK shares. KeyCorp lifted their price target on shares of Rockwell Automation from $470.00 to $510.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 6th. TD Cowen boosted their price target on Rockwell Automation from $350.00 to $400.00 and gave the company a “hold” rating in a report on Wednesday, May 13th. Evercore set a $485.00 price objective on Rockwell Automation in a research report on Wednesday, August 5th. Argus increased their target price on shares of Rockwell Automation from $465.00 to $530.00 and gave the stock a “buy” rating in a report on Wednesday, June 24th. Finally, HSBC lifted their price target on shares of Rockwell Automation from $445.00 to $490.00 in a report on Wednesday, May 6th. Nine research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $468.19.

Rockwell Automation Stock Performance

NYSE:ROK opened at $437.50 on Friday. The stock has a 50-day moving average price of $461.98 and a 200 day moving average price of $427.00. The stock has a market capitalization of $48.58 billion, a P/E ratio of 41.00, a P/E/G ratio of 2.52 and a beta of 1.54. Rockwell Automation, Inc. has a 12-month low of $332.71 and a 12-month high of $497.36. The company has a current ratio of 1.08, a quick ratio of 0.74 and a debt-to-equity ratio of 0.74.

Rockwell Automation (NYSE:ROK) last posted its quarterly earnings results on Tuesday, August 4th. The industrial products company reported $3.49 EPS for the quarter, topping analysts’ consensus estimates of $3.38 by $0.11. Rockwell Automation had a return on equity of 39.83% and a net margin of 13.39%.The company had revenue of $2.31 billion for the quarter, compared to analysts’ expectations of $2.24 billion. During the same period in the previous year, the firm earned $2.82 EPS. The firm’s revenue was up 7.9% compared to the same quarter last year. Rockwell Automation has set its FY 2026 guidance at 13.000-13.300 EPS. Equities research analysts forecast that Rockwell Automation, Inc. will post 13.22 EPS for the current fiscal year.

Rockwell Automation Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Monday, August 17th will be paid a $1.38 dividend. The ex-dividend date is Monday, August 17th. This represents a $5.52 annualized dividend and a yield of 1.3%. Rockwell Automation’s payout ratio is presently 51.73%.

Rockwell Automation announced that its Board of Directors has authorized a stock repurchase program on Tuesday, June 9th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the industrial products company to reacquire up to 2% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board believes its stock is undervalued.

Insider Buying and Selling at Rockwell Automation

In other Rockwell Automation news, CFO Christian E. Rothe sold 590 shares of the stock in a transaction dated Thursday, August 20th. The shares were 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 $4,529,314.70. This represents a 5.35% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 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 business’s stock in a transaction dated Thursday, June 4th. The stock was sold at an average price of $460.51, for a total value of $173,612.27. Following the completion of the sale, the senior vice president owned 4,437 shares in the company, valued at $2,043,282.87. This represents a 7.83% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 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.