ProShare Advisors LLC Grows Stock Position in Rockwell Automation, Inc. $ROK

ProShare Advisors LLC raised its holdings in Rockwell Automation, Inc. (NYSE:ROK) by 12.4% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 19,547 shares of the industrial products company’s stock after acquiring an additional 2,161 shares during the period. ProShare Advisors LLC’s holdings in Rockwell Automation were worth $6,493,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Howe & Rusling Inc. boosted its position in shares of Rockwell Automation by 4.9% in the first quarter. Howe & Rusling Inc. now owns 794 shares of the industrial products company’s stock worth $205,000 after acquiring an additional 37 shares during the last quarter. IFP Advisors Inc raised its stake in Rockwell Automation by 2.7% during the second quarter. IFP Advisors Inc now owns 1,427 shares of the industrial products company’s stock worth $476,000 after purchasing an additional 37 shares during the period. Bank of Jackson Hole Trust boosted its holdings in shares of Rockwell Automation by 34.2% in the 2nd quarter. Bank of Jackson Hole Trust now owns 161 shares of the industrial products company’s stock valued at $53,000 after purchasing an additional 41 shares during the last quarter. Wealthfront Advisers LLC grew its stake in shares of Rockwell Automation by 0.6% during the 1st quarter. Wealthfront Advisers LLC now owns 7,708 shares of the industrial products company’s stock valued at $1,992,000 after buying an additional 43 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. grew its position in Rockwell Automation by 7.9% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 631 shares of the industrial products company’s stock valued at $163,000 after acquiring an additional 46 shares during the period. Institutional investors and hedge funds own 75.75% of the company’s stock.

Insider Activity

In other news, CEO Blake D. Moret sold 61,700 shares of the business’s stock in a transaction that occurred on Thursday, November 6th. The stock was sold at an average price of $391.56, for a total value of $24,159,252.00. Following the transaction, the chief executive officer owned 83,873 shares in the company, valued at $32,841,311.88. The trade was a 42.38% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Isaac Woods sold 365 shares of the stock in a transaction that occurred on Friday, August 29th. The shares were sold at an average price of $348.44, for a total value of $127,180.60. Following the sale, the vice president directly owned 1,691 shares of the company’s stock, valued at $589,212.04. The trade was a 17.75% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 92,075 shares of company stock worth $34,820,361. Corporate insiders own 0.68% of the company’s stock.

Rockwell Automation Trading Down 3.9%

NYSE:ROK opened at $379.15 on Friday. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.06 and a quick ratio of 0.72. Rockwell Automation, Inc. has a one year low of $215.00 and a one year high of $398.20. The company has a market cap of $42.63 billion, a PE ratio of 44.50, a PEG ratio of 3.30 and a beta of 1.45. The firm has a 50-day moving average of $353.61 and a 200-day 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 (EPS) for the quarter, beating analysts’ consensus estimates of $2.94 by $0.40. Rockwell Automation had a return on equity of 30.14% and a net margin of 12.03%.The business had revenue of $2.32 billion during the quarter, compared to the consensus estimate of $2.19 billion. During the same quarter in the previous year, the business earned $2.47 EPS. The company’s quarterly revenue was up 13.8% on a year-over-year basis. Rockwell Automation has set its FY 2026 guidance at 11.200-12.200 EPS. As a group, equities research analysts expect that Rockwell Automation, Inc. will post 9.35 EPS for the current fiscal year.

Rockwell Automation Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders of record on Monday, November 17th will be paid a $1.38 dividend. This is a positive change 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 yield of 1.5%. Rockwell Automation’s dividend payout ratio (DPR) is 72.06%.

Wall Street Analysts Forecast Growth

ROK has been the subject of several recent research reports. Oppenheimer reissued an “outperform” rating and issued a $391.00 price objective on shares of Rockwell Automation in a research report on Friday, November 7th. Morgan Stanley raised their price objective on shares of Rockwell Automation from $385.00 to $435.00 and gave the stock an “overweight” rating in a report on Monday. KeyCorp boosted their target price on shares of Rockwell Automation from $370.00 to $380.00 and gave the company an “overweight” rating in a research note on Thursday, August 7th. Barclays raised their price target on Rockwell Automation from $370.00 to $417.00 and gave the stock an “overweight” rating in a report on Friday, November 7th. Finally, Citigroup reiterated a “buy” rating on shares of Rockwell Automation in a research report on Thursday, October 9th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $364.75.

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.