Strs Ohio Sells 1,499 Shares of Rockwell Automation, Inc. $ROK

Strs Ohio cut its holdings in Rockwell Automation, Inc. (NYSE:ROK) by 1.5% during the third quarter, Holdings Channel.com reports. The fund owned 95,706 shares of the industrial products company’s stock after selling 1,499 shares during the period. Strs Ohio’s holdings in Rockwell Automation were worth $33,452,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Brighton Jones LLC acquired a new stake in shares of Rockwell Automation during the fourth quarter worth $281,000. AQR Capital Management LLC boosted its holdings in Rockwell Automation by 75.9% during the first quarter. AQR Capital Management LLC now owns 8,139 shares of the industrial products company’s stock worth $2,059,000 after buying an additional 3,513 shares during the last quarter. Empowered Funds LLC grew its position in shares of Rockwell Automation by 142.7% during the 1st quarter. Empowered Funds LLC now owns 7,305 shares of the industrial products company’s stock worth $1,887,000 after buying an additional 4,295 shares during the period. Acadian Asset Management LLC increased its stake in shares of Rockwell Automation by 233.6% in the 1st quarter. Acadian Asset Management LLC now owns 1,878 shares of the industrial products company’s stock valued at $484,000 after acquiring an additional 1,315 shares during the last quarter. Finally, Farther Finance Advisors LLC increased its stake in shares of Rockwell Automation by 2.6% in the 2nd quarter. Farther Finance Advisors LLC now owns 2,351 shares of the industrial products company’s stock valued at $781,000 after acquiring an additional 60 shares during the last quarter. Institutional investors own 75.75% of the company’s stock.

Rockwell Automation Trading Down 1.8%

ROK opened at $417.75 on Friday. The stock has a market capitalization of $46.90 billion, a P/E ratio of 54.54, a P/E/G ratio of 2.98 and a beta of 1.52. The company has a current ratio of 1.14, a quick ratio of 0.77 and a debt-to-equity ratio of 0.70. Rockwell Automation, Inc. has a 12 month low of $215.00 and a 12 month high of $429.58. The firm’s fifty day simple moving average is $399.62 and its 200 day simple moving average is $367.51.

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 the consensus estimate of $2.94 by $0.40. The firm had revenue of $4.63 billion for the quarter, compared to the consensus estimate of $2.19 billion. Rockwell Automation had a return on equity of 32.69% and a net margin of 10.42%.The company’s revenue for the quarter was up 13.8% on a year-over-year basis. During the same quarter last year, the business posted $2.47 EPS. Rockwell Automation has set its FY 2026 guidance at 11.200-12.200 EPS. As a group, research analysts anticipate that Rockwell Automation, Inc. will post 9.35 EPS for the current fiscal year.

Rockwell Automation Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 10th. Shareholders of record on Monday, November 17th were paid a $1.38 dividend. This represents a $5.52 annualized dividend and a yield of 1.3%. The ex-dividend date was Monday, November 17th. This is a positive change from Rockwell Automation’s previous quarterly dividend of $1.31. Rockwell Automation’s dividend payout ratio (DPR) is presently 72.06%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on ROK. Barclays boosted their price objective on shares of Rockwell Automation from $435.00 to $450.00 and gave the company an “overweight” rating in a report on Wednesday, January 7th. The Goldman Sachs Group raised shares of Rockwell Automation from a “sell” rating to a “neutral” rating and boosted their price target for the company from $329.00 to $448.00 in a report on Tuesday, December 16th. Morgan Stanley upped their price objective on shares of Rockwell Automation from $435.00 to $440.00 and gave the company an “overweight” rating in a research report on Tuesday, January 13th. Zacks Research lowered Rockwell Automation from a “strong-buy” rating to a “hold” rating in a report on Monday, January 12th. Finally, Robert W. Baird boosted their target price on Rockwell Automation from $392.00 to $402.00 and gave the company an “outperform” rating in a research note on Friday, November 21st. Two equities research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $406.69.

Insider Activity

In related news, SVP Tessa M. Myers sold 1,020 shares of the firm’s stock in a transaction on Wednesday, December 10th. The shares were sold at an average price of $402.07, for a total value of $410,111.40. Following the completion of the transaction, the senior vice president owned 6,021 shares of the company’s stock, valued at approximately $2,420,863.47. This trade represents a 14.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Blake D. Moret sold 61,700 shares of Rockwell Automation stock in a transaction on Thursday, November 6th. The shares were sold at an average price of $391.56, for a total transaction of $24,159,252.00. Following the completion of the sale, 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 88,053 shares of company stock worth $34,718,919. 0.76% of the stock is currently owned by insiders.

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.