Rockwell Automation, Inc. $ROK Shares Sold by Stewardship Concepts Financial Services LLC

Stewardship Concepts Financial Services LLC reduced its stake in shares of Rockwell Automation, Inc. (NYSE:ROK) by 59.6% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 822 shares of the industrial products company’s stock after selling 1,212 shares during the period. Stewardship Concepts Financial Services LLC’s holdings in Rockwell Automation were worth $358,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. BlackRock Inc. acquired a new position in Rockwell Automation during the second quarter worth about $6,129,376,000. State Street Corp lifted its position in shares of Rockwell Automation by 5.3% during the 2nd quarter. State Street Corp now owns 5,323,990 shares of the industrial products company’s stock valued at $2,635,801,000 after acquiring an additional 265,978 shares during the period. Amundi boosted its stake in shares of Rockwell Automation by 13.5% during the 1st quarter. Amundi now owns 998,374 shares of the industrial products company’s stock worth $358,296,000 after acquiring an additional 118,474 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its stake in shares of Rockwell Automation by 0.4% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 981,885 shares of the industrial products company’s stock worth $352,379,000 after acquiring an additional 3,886 shares in the last quarter. Finally, Victory Capital Management Inc. grew its holdings in shares of Rockwell Automation by 12.7% in the 4th quarter. Victory Capital Management Inc. now owns 964,878 shares of the industrial products company’s stock worth $375,427,000 after acquiring an additional 108,403 shares during the period. 75.75% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Rockwell Automation news, Director Patricia A. Watson sold 1,100 shares of Rockwell Automation stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of $431.43, for a total value of $474,573.00. Following the completion of the sale, the director owned 6,385 shares in the company, valued at $2,754,680.55. The trade was a 14.70% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Isaac Woods sold 154 shares of the company’s stock in a transaction dated Tuesday, September 8th. The shares were sold at an average price of $432.62, for a total transaction of $66,623.48. Following the transaction, the vice president directly owned 1,858 shares of the company’s stock, valued at approximately $803,807.96. This represents a 7.65% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 2,711 shares of company stock worth $1,164,880 in the last three months. 0.76% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on ROK shares. Wells Fargo & Company initiated coverage on Rockwell Automation in a report on Thursday, September 24th. They set an “equal weight” rating and a $426.00 price objective for the company. Argus upped their target price on Rockwell Automation from $465.00 to $530.00 and gave the company a “buy” rating in a report on Wednesday, June 24th. Weiss Ratings restated a “buy (b-)” rating on shares of Rockwell Automation in a research report on Monday, September 14th. Evercore set a $485.00 price target on Rockwell Automation in a research note on Wednesday, August 5th. Finally, The Goldman Sachs Group decreased their price objective on shares of Rockwell Automation from $510.00 to $485.00 and set a “neutral” rating on the stock in a research report on Wednesday, September 30th. Nine investment analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the stock. According to MarketBeat.com, Rockwell Automation has a consensus rating of “Hold” and an average target price of $469.82.

Rockwell Automation Price Performance

ROK stock traded down $4.89 on Tuesday, reaching $450.29. The company had a trading volume of 574,562 shares, compared to its average volume of 849,405. The company’s fifty day moving average is $437.23 and its 200 day moving average is $434.94. The company has a market cap of $50.00 billion, a P/E ratio of 42.20, a PEG ratio of 2.15 and a beta of 1.51. 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 1 year low of $332.71 and a 1 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, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $2.24 billion. During the same quarter last year, the business posted $2.82 earnings per share. Rockwell Automation’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. On average, research analysts forecast that Rockwell Automation, Inc. will post 13.25 earnings per share for the current year.

Rockwell Automation announced that its board has initiated a share repurchase plan on Tuesday, June 9th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the industrial products company to repurchase up to 2% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board believes its shares are undervalued.

About Rockwell Automation

Rockwell Automation, Inc is a global provider of industrial automation and digital transformation technologies. The company helps manufacturers and other industrial organizations improve productivity, quality, safety, and operational efficiency by connecting industrial equipment, control systems, software, and data.

Its offerings include programmable logic controllers, industrial computers, motor control and drives, sensors, safety systems, human-machine interfaces, and other control and electrical products.