Johnson Financial Group Inc. bought a new position in Rockwell Automation, Inc. (NYSE:ROK – Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 245 shares of the industrial products company’s stock, valued at approximately $81,000.
Several other hedge funds and other institutional investors have also recently modified their holdings of ROK. Legend Financial Advisors Inc. bought a new position in shares of Rockwell Automation in the second quarter valued at approximately $39,000. SBI Securities Co. Ltd. lifted its stake 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 worth $39,000 after purchasing an additional 38 shares in the last quarter. Financial Gravity Companies Inc. bought a new position in Rockwell Automation in the 2nd quarter valued at $40,000. Cary Street Partners Investment Advisory LLC grew its position in shares of Rockwell Automation by 59.6% during the 1st quarter. Cary Street Partners Investment Advisory LLC now owns 166 shares of the industrial products company’s stock valued at $43,000 after purchasing an additional 62 shares in the last quarter. Finally, AdvisorShares Investments LLC bought a new position in shares of Rockwell Automation in the second quarter worth $50,000. 75.75% of the stock is currently owned by institutional investors.
Insider Activity
In related news, CEO Blake D. Moret sold 61,700 shares of the stock in a transaction dated Thursday, November 6th. The stock was 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 directly owned 83,873 shares in the company, valued at $32,841,311.88. This represents a 42.38% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Matheus De A. G. Viera Bulho sold 822 shares of the firm’s stock in a transaction that occurred on Wednesday, October 29th. The stock was sold at an average price of $365.00, for a total value of $300,030.00. Following the transaction, the senior vice president owned 983 shares in the company, valued at approximately $358,795. The trade was a 45.54% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 87,275 shares of company stock valued at $33,125,505. Insiders own 0.68% of the company’s stock.
Rockwell Automation Trading Down 0.4%
Rockwell Automation (NYSE:ROK – Get Free Report) last announced its quarterly earnings data 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. The company had revenue of $4.63 billion during the quarter, compared to analysts’ expectations of $2.19 billion. Rockwell Automation had a net margin of 12.03% and a return on equity of 30.14%. The firm’s revenue was up 13.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.47 EPS. Rockwell Automation has set its FY 2026 guidance at 11.200-12.200 EPS. As a group, analysts predict that Rockwell Automation, Inc. will post 9.35 earnings per share for the current fiscal year.
Rockwell Automation Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Monday, November 17th will be issued a $1.38 dividend. This is an increase from Rockwell Automation’s previous quarterly dividend of $1.31. This represents a $5.52 annualized dividend and a dividend yield of 1.4%. The ex-dividend date is Monday, November 17th. Rockwell Automation’s dividend payout ratio (DPR) is presently 72.06%.
Wall Street Analyst Weigh In
ROK has been the subject of several recent analyst reports. Oppenheimer restated an “outperform” rating and set a $391.00 target price on shares of Rockwell Automation in a research report on Friday, November 7th. JPMorgan Chase & Co. boosted their price objective on Rockwell Automation from $357.00 to $400.00 and gave the stock a “neutral” rating in a report on Tuesday, November 11th. Robert W. Baird raised their target price on shares of Rockwell Automation from $392.00 to $402.00 and gave the company an “outperform” rating in a research note on Friday, November 21st. Barclays lifted their target price on shares of Rockwell Automation from $370.00 to $417.00 and gave the company an “overweight” rating in a research report on Friday, November 7th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Rockwell Automation in a research report on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Rockwell Automation has a consensus rating of “Moderate Buy” and a consensus target price of $371.44.
Get Our Latest Report on Rockwell Automation
About Rockwell Automation
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.
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