Rockwell Automation, Inc. $ROK Holdings Lowered by Diversified Management Inc.

Diversified Management Inc. decreased its holdings in shares of Rockwell Automation, Inc. (NYSE:ROK) by 1.4% during the 2nd quarter, Holdings Channel.com reports. The firm owned 118,345 shares of the industrial products company’s stock after selling 1,676 shares during the period. Rockwell Automation accounts for about 12.5% of Diversified Management Inc.’s investment portfolio, making the stock its largest holding. Diversified Management Inc.’s holdings in Rockwell Automation were worth $58,590,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. MV Capital Management Inc. acquired a new position in Rockwell Automation in the fourth quarter valued at $28,000. Manchester Capital Management LLC boosted its stake in Rockwell Automation by 97.5% in the 4th quarter. Manchester Capital Management LLC now owns 79 shares of the industrial products company’s stock worth $31,000 after buying an additional 39 shares during the last quarter. Cassaday & Co Wealth Management LLC purchased a new stake in Rockwell Automation in the 1st quarter valued at about $31,000. First Horizon Corp purchased a new stake in Rockwell Automation in the 4th quarter valued at about $32,000. Finally, BOK Financial Private Wealth Inc. acquired a new position in Rockwell Automation during the fourth quarter worth approximately $33,000. Hedge funds and other institutional investors own 75.75% of the company’s stock.

Rockwell Automation Stock Performance

Rockwell Automation stock opened at $446.82 on Wednesday. The firm has a market capitalization of $49.62 billion, a PE ratio of 41.88, a price-to-earnings-growth ratio of 2.55 and a beta of 1.54. The stock’s 50 day moving average price is $464.20 and its 200 day moving average price is $425.91. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.74 and a current ratio of 1.08. Rockwell Automation, Inc. has a one year low of $329.10 and a one year high of $497.36.

Rockwell Automation (NYSE:ROK) last released its quarterly earnings results on Tuesday, August 4th. The industrial products company reported $3.49 earnings per share for the quarter, beating analysts’ consensus estimates of $3.38 by $0.11. The business had revenue of $2.31 billion during the quarter, compared to analyst estimates of $2.24 billion. Rockwell Automation had a net margin of 13.39% and a return on equity of 39.83%. The business’s revenue was up 7.9% on a year-over-year basis. During the same period last year, the business earned $2.82 EPS. Rockwell Automation has set its FY 2026 guidance at 13.000-13.300 EPS. As a group, sell-side analysts expect that Rockwell Automation, Inc. will post 13.19 EPS for the current fiscal year.

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

Rockwell Automation Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Monday, August 17th will be given a $1.38 dividend. This represents a $5.52 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Monday, August 17th. Rockwell Automation’s dividend payout ratio is presently 51.73%.

Insider Buying and Selling

In other news, VP John M. Miller sold 1,054 shares of the stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $426.02, for a total transaction of $449,025.08. Following the completion of the transaction, the vice president directly owned 5,615 shares in the company, valued at approximately $2,392,102.30. This represents a 15.80% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Matthew W. Fordenwalt sold 377 shares of the firm’s stock in a transaction that occurred on Thursday, June 4th. The stock was sold at an average price of $460.51, for a total transaction of $173,612.27. Following the sale, the senior vice president directly owned 4,437 shares of the company’s stock, valued at $2,043,282.87. The trade was a 7.83% decrease in their position. 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. Over the last ninety days, insiders sold 1,649 shares of company stock worth $722,119. 0.76% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

ROK has been the topic of a number of recent analyst reports. Morgan Stanley reaffirmed an “overweight” rating and set a $525.00 price target on shares of Rockwell Automation in a research note on Wednesday, May 6th. Weiss Ratings reissued a “buy (b-)” rating on shares of Rockwell Automation in a research note on Thursday, June 18th. Robert W. Baird set a $514.00 price objective on Rockwell Automation in a report on Wednesday, August 5th. Wall Street Zen lowered Rockwell Automation from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. Finally, JPMorgan Chase & Co. lifted their target price on Rockwell Automation from $404.00 to $417.00 and gave the company a “neutral” rating in a report on Wednesday, May 6th. Nine research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company. According to MarketBeat.com, Rockwell Automation presently has an average rating of “Hold” and an average price target of $468.05.

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.