Pacer Advisors Inc. Sells 2,637 Shares of Rockwell Automation, Inc. $ROK

Pacer Advisors Inc. reduced its holdings in Rockwell Automation, Inc. (NYSE:ROK) by 22.2% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 9,249 shares of the industrial products company’s stock after selling 2,637 shares during the quarter. Pacer Advisors Inc.’s holdings in Rockwell Automation were worth $3,233,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in ROK. Thurston Springer Miller Herd & Titak Inc. raised its holdings in Rockwell Automation by 468.8% in the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 91 shares of the industrial products company’s stock valued at $32,000 after acquiring an additional 75 shares during the period. Rexford Capital Inc. bought a new position in Rockwell Automation during the second quarter worth about $33,000. Legend Financial Advisors Inc. acquired a new stake in Rockwell Automation in the 2nd quarter worth about $39,000. SBI Securities Co. Ltd. boosted its holdings in Rockwell Automation by 48.7% in the 2nd quarter. SBI Securities Co. Ltd. now owns 116 shares of the industrial products company’s stock valued at $39,000 after purchasing an additional 38 shares during the period. Finally, Financial Gravity Companies Inc. bought a new stake in shares of Rockwell Automation during the 2nd quarter valued at $40,000. Institutional investors and hedge funds own 75.75% of the company’s stock.

Insiders Place Their Bets

In other news, VP Isaac Woods sold 229 shares of Rockwell Automation stock in a transaction on Wednesday, December 10th. The shares were sold at an average price of $401.92, for a total value of $92,039.68. Following the completion of the sale, the vice president owned 2,058 shares in the company, valued at $827,151.36. The trade was a 10.01% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Terry L. Riesterer sold 225 shares of the business’s stock in a transaction on Wednesday, December 10th. The shares were sold at an average price of $402.13, for a total transaction of $90,479.25. Following the transaction, the vice president owned 2,034 shares in the company, valued at $817,932.42. The trade was a 9.96% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 87,253 shares of company stock valued at $34,405,319 in the last 90 days. Company insiders own 0.76% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on ROK shares. Weiss Ratings restated a “hold (c)” rating on shares of Rockwell Automation in a research report on Monday. Morgan Stanley boosted their price target on Rockwell Automation from $385.00 to $435.00 and gave the stock an “overweight” rating in a report on Monday, November 10th. Evercore ISI initiated coverage on shares of Rockwell Automation in a research report on Monday, December 15th. They set an “in-line” rating and a $440.00 price objective for the company. JPMorgan Chase & Co. raised their target price on shares of Rockwell Automation from $357.00 to $400.00 and gave the company a “neutral” rating in a research report on Tuesday, November 11th. Finally, Wells Fargo & Company boosted their target price on shares of Rockwell Automation from $355.00 to $380.00 and gave the stock an “equal weight” rating in a report on Friday, November 7th. Two investment analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $403.31.

Rockwell Automation Price Performance

Shares of NYSE ROK opened at $393.53 on Wednesday. The company has a market capitalization of $44.18 billion, a PE ratio of 51.37, a P/E/G ratio of 2.66 and a beta of 1.50. The company has a quick ratio of 0.77, a current ratio of 1.14 and a debt-to-equity ratio of 0.70. Rockwell Automation, Inc. has a twelve month low of $215.00 and a twelve month high of $415.89. The firm has a fifty day simple moving average of $385.04 and a 200 day simple moving average of $357.88.

Rockwell Automation (NYSE:ROK) last issued its quarterly earnings results on Thursday, November 6th. The industrial products company reported $3.34 EPS for the quarter, beating analysts’ consensus estimates of $2.94 by $0.40. Rockwell Automation had a net margin of 10.42% and a return on equity of 32.69%. The business had revenue of $4.63 billion for the quarter, compared to analysts’ expectations of $2.19 billion. During the same quarter in the prior year, the firm posted $2.47 earnings per share. The business’s quarterly revenue was up 13.8% compared to the same quarter last year. Rockwell Automation has set its FY 2026 guidance at 11.200-12.200 EPS. On average, sell-side analysts forecast that Rockwell Automation, Inc. will post 9.35 EPS for the current year.

Rockwell Automation Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 10th. Investors of record on Monday, November 17th were paid a dividend of $1.38 per share. This is an increase from Rockwell Automation’s previous quarterly dividend of $1.31. This represents a $5.52 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend was Monday, November 17th. Rockwell Automation’s payout ratio is 72.06%.

Rockwell Automation 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.