North Dakota State Investment Board Takes Position in Rockwell Automation, Inc. $ROK

North Dakota State Investment Board acquired a new stake in shares of Rockwell Automation, Inc. (NYSE:ROK) during the fourth quarter, Holdings Channel.com reports. The fund acquired 4,476 shares of the industrial products company’s stock, valued at approximately $1,741,000.

Other hedge funds also recently made changes to their positions in the company. First Horizon Corp purchased a new stake in shares of Rockwell Automation during the fourth quarter valued at approximately $32,000. Fortitude Family Office LLC raised its stake in shares of Rockwell Automation by 109.5% during the fourth quarter. Fortitude Family Office LLC now owns 88 shares of the industrial products company’s stock valued at $34,000 after purchasing an additional 46 shares during the period. Ameriflex Group Inc. raised its stake in shares of Rockwell Automation by 100.0% during the third quarter. Ameriflex Group Inc. now owns 100 shares of the industrial products company’s stock valued at $35,000 after purchasing an additional 50 shares during the period. Dynamic Wealth Strategies LLC raised its stake in shares of Rockwell Automation by 80.7% during the fourth quarter. Dynamic Wealth Strategies LLC now owns 103 shares of the industrial products company’s stock valued at $40,000 after purchasing an additional 46 shares during the period. Finally, Laurel Wealth Advisors LLC purchased a new stake in shares of Rockwell Automation during the fourth quarter valued at approximately $55,000. Hedge funds and other institutional investors own 75.75% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on ROK. Stephens lifted their price objective on shares of Rockwell Automation from $425.00 to $475.00 and gave the company an “overweight” rating in a research note on Friday, January 23rd. HSBC lifted their price objective on shares of Rockwell Automation from $445.00 to $490.00 in a research note on Wednesday, May 6th. TD Cowen lifted their price target on shares of Rockwell Automation from $350.00 to $400.00 and gave the stock a “hold” rating in a research note on Wednesday, May 13th. BNP Paribas Exane lifted their price target on shares of Rockwell Automation from $495.00 to $515.00 in a research note on Wednesday, May 6th. Finally, Robert W. Baird dropped their price target on shares of Rockwell Automation from $435.00 to $410.00 and set an “outperform” rating for the company in a research note on Monday, March 30th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and ten have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $449.16.

Rockwell Automation Stock Down 3.1%

Shares of NYSE:ROK opened at $422.79 on Wednesday. The company has a current ratio of 1.09, a quick ratio of 0.76 and a debt-to-equity ratio of 0.72. The company has a fifty day simple moving average of $395.15 and a 200 day simple moving average of $397.09. The firm has a market cap of $47.04 billion, a PE ratio of 43.95, a price-to-earnings-growth ratio of 2.79 and a beta of 1.56. Rockwell Automation, Inc. has a 12-month low of $298.70 and a 12-month high of $463.48.

Rockwell Automation (NYSE:ROK) last issued its quarterly earnings results on Tuesday, May 5th. The industrial products company reported $3.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.88 by $0.42. The business had revenue of $2.24 billion during the quarter, compared to analyst estimates of $2.16 billion. Rockwell Automation had a net margin of 12.36% and a return on equity of 37.54%. The business’s revenue was up 11.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.45 earnings per share. Rockwell Automation has set its FY 2026 guidance at 12.500-13.100 EPS. On average, equities research analysts anticipate that Rockwell Automation, Inc. will post 13.01 EPS for the current fiscal year.

Rockwell Automation Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Monday, May 18th will be issued a $1.38 dividend. This represents a $5.52 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend is Monday, May 18th. Rockwell Automation’s payout ratio is currently 57.38%.

Insider Transactions at Rockwell Automation

In other Rockwell Automation news, SVP Rebecca W. House sold 12,100 shares of Rockwell Automation stock in a transaction on Wednesday, February 25th. The shares were sold at an average price of $404.27, for a total value of $4,891,667.00. Following the completion of the transaction, the senior vice president owned 12,200 shares of the company’s stock, valued at $4,932,094. The trade was a 49.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, VP Terry L. Riesterer sold 4,024 shares of Rockwell Automation stock in a transaction on Thursday, May 7th. The stock was sold at an average price of $451.97, for a total transaction of $1,818,727.28. Following the completion of the transaction, the vice president directly owned 134 shares of the company’s stock, valued at approximately $60,563.98. This represents a 96.78% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 59,087 shares of company stock valued at $24,296,483 over the last quarter. 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.