Rockwell Automation, Inc. $ROK Position Decreased by Tema Etfs LLC

Tema Etfs LLC trimmed its position in Rockwell Automation, Inc. (NYSE:ROK) by 34.9% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 27,434 shares of the industrial products company’s stock after selling 14,693 shares during the period. Rockwell Automation accounts for approximately 2.4% of Tema Etfs LLC’s investment portfolio, making the stock its 3rd biggest holding. Tema Etfs LLC’s holdings in Rockwell Automation were worth $9,113,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in shares of Rockwell Automation by 1.5% in the second quarter. Vanguard Group Inc. now owns 14,058,406 shares of the industrial products company’s stock valued at $4,669,781,000 after purchasing an additional 207,448 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Rockwell Automation by 1.7% during the second quarter. Geode Capital Management LLC now owns 2,874,428 shares of the industrial products company’s stock worth $950,744,000 after purchasing an additional 48,105 shares during the period. Goldman Sachs Group Inc. boosted its position in Rockwell Automation by 11.8% in the first quarter. Goldman Sachs Group Inc. now owns 1,819,379 shares of the industrial products company’s stock valued at $470,091,000 after buying an additional 191,370 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Rockwell Automation by 0.6% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,579,956 shares of the industrial products company’s stock worth $408,229,000 after buying an additional 9,920 shares during the period. Finally, Invesco Ltd. increased its holdings in Rockwell Automation by 2.2% in the 1st quarter. Invesco Ltd. now owns 1,448,160 shares of the industrial products company’s stock worth $374,176,000 after buying an additional 30,837 shares during the period. Institutional investors and hedge funds own 75.75% of the company’s stock.

Insider Activity

In related news, VP Isaac Woods sold 250 shares of the business’s stock in a transaction on Thursday, September 11th. The shares were sold at an average price of $350.00, for a total value of $87,500.00. Following the completion of the sale, the vice president owned 1,662 shares of the company’s stock, valued at approximately $581,700. The trade was a 13.08% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Blake D. Moret sold 61,700 shares of the company’s stock in a transaction on 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 transaction, the chief executive officer owned 83,873 shares of the company’s stock, valued at $32,841,311.88. This represents a 42.38% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 87,275 shares of company stock worth $33,125,505 over the last three months. 0.68% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Rockwell Automation in a report on Monday. Robert W. Baird boosted their target price on shares of Rockwell Automation from $392.00 to $402.00 and gave the company an “outperform” rating in a research report on Friday, November 21st. Barclays increased their price target on Rockwell Automation from $417.00 to $435.00 and gave the stock an “overweight” rating in a research report on Thursday. Wells Fargo & Company lifted their price objective on Rockwell Automation from $355.00 to $380.00 and gave the company an “equal weight” rating in a research note on Friday, November 7th. Finally, JPMorgan Chase & Co. upped their target price on Rockwell Automation from $357.00 to $400.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 11th. One 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 assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $372.56.

Rockwell Automation Stock Up 0.7%

ROK opened at $403.31 on Friday. The company has a fifty day moving average of $365.86 and a two-hundred day moving average of $346.71. The stock has a market capitalization of $45.28 billion, a price-to-earnings ratio of 52.65, a PEG ratio of 2.68 and a beta of 1.50. Rockwell Automation, Inc. has a fifty-two week low of $215.00 and a fifty-two week high of $406.44. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.77 and a current ratio of 1.14.

Rockwell Automation (NYSE:ROK) last posted its earnings results on Thursday, November 6th. The industrial products company reported $3.34 EPS for the quarter, beating analysts’ consensus estimates of $2.94 by $0.40. Rockwell Automation had a return on equity of 32.69% and a net margin of 10.42%.The firm had revenue of $4.63 billion for the quarter, compared to analysts’ expectations of $2.19 billion. During the same period last year, the firm 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. On average, research analysts expect that Rockwell Automation, Inc. will post 9.35 earnings per share for the current year.

Rockwell Automation Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Monday, November 17th will be given a $1.38 dividend. This represents a $5.52 dividend on an annualized basis and a dividend yield of 1.4%. This is a boost from Rockwell Automation’s previous quarterly dividend of $1.31. The ex-dividend date is Monday, November 17th. Rockwell Automation’s dividend payout ratio (DPR) is presently 72.06%.

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.