California Public Employees Retirement System Boosts Stock Position in Rockwell Automation, Inc. $ROK

California Public Employees Retirement System raised its position in Rockwell Automation, Inc. (NYSE:ROK) by 7.6% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 187,005 shares of the industrial products company’s stock after purchasing an additional 13,165 shares during the period. California Public Employees Retirement System owned about 0.17% of Rockwell Automation worth $62,117,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of ROK. Legend Financial Advisors Inc. purchased a new position in shares of Rockwell Automation during the second quarter valued at approximately $39,000. SBI Securities Co. Ltd. grew 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 acquiring an additional 38 shares during the period. Financial Gravity Companies Inc. acquired a new position in Rockwell Automation in the 2nd quarter valued at $40,000. Dynamic Wealth Strategies LLC purchased a new position in shares of Rockwell Automation during the 2nd quarter worth $46,000. Finally, AdvisorShares Investments LLC acquired a new stake in shares of Rockwell Automation during the second quarter worth $50,000. 75.75% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently commented on ROK. Robert W. Baird upped 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. Bank of America upped their price objective on shares of Rockwell Automation from $410.00 to $430.00 and gave the company a “buy” rating in a research note on Thursday, November 20th. Wells Fargo & Company raised their target price on shares of Rockwell Automation from $355.00 to $380.00 and gave the stock an “equal weight” rating in a research report on Friday, November 7th. Citigroup upped their price target on shares of Rockwell Automation from $439.00 to $466.00 and gave the stock a “buy” rating in a research report on Monday. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Rockwell Automation in a report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $380.63.

Insider Buying and Selling

In other Rockwell Automation news, VP Scott Genereux sold 282 shares of the company’s stock in a transaction that occurred on Friday, December 5th. The stock was sold at an average price of $402.86, for a total value of $113,606.52. Following the completion of the transaction, the vice president owned 3,150 shares in the company, valued at $1,269,009. This represents a 8.22% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Blake D. Moret sold 1,762 shares of Rockwell Automation stock in a transaction that occurred on Friday, December 5th. The shares were sold at an average price of $402.90, for a total transaction of $709,909.80. Following the sale, the chief executive officer owned 89,749 shares in the company, valued at $36,159,872.10. This represents a 1.93% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 94,213 shares of company stock valued at $35,927,298. 0.68% of the stock is owned by insiders.

Rockwell Automation Trading Down 0.4%

Shares of ROK stock opened at $400.58 on Wednesday. The company has a quick ratio of 0.77, a current ratio of 1.14 and a debt-to-equity ratio of 0.70. Rockwell Automation, Inc. has a fifty-two week low of $215.00 and a fifty-two week high of $406.48. The firm’s 50 day moving average price is $369.24 and its two-hundred day moving average price is $349.32. The stock has a market cap of $44.97 billion, a price-to-earnings ratio of 52.29, a price-to-earnings-growth ratio of 2.70 and a beta of 1.50.

Rockwell Automation (NYSE:ROK) last issued 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 net margin of 10.42% and a return on equity of 32.69%. The business had revenue of $4.63 billion for the quarter, compared to the consensus estimate of $2.19 billion. During the same quarter last year, the firm posted $2.47 EPS. The business’s revenue for the quarter was up 13.8% compared to the same quarter last year. Rockwell Automation has set its FY 2026 guidance at 11.200-12.200 EPS. On average, analysts anticipate that Rockwell Automation, Inc. will post 9.35 EPS for the current year.

Rockwell Automation Increases Dividend

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

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.