Huntington National Bank Acquires 3,328 Shares of Rockwell Automation, Inc. $ROK

Huntington National Bank raised its holdings in Rockwell Automation, Inc. (NYSE:ROK) by 1.3% during the fourth quarter, HoldingsChannel.com reports. The fund owned 249,858 shares of the industrial products company’s stock after purchasing an additional 3,328 shares during the period. Huntington National Bank’s holdings in Rockwell Automation were worth $97,212,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of ROK. Brighton Jones LLC bought a new position in Rockwell Automation in the fourth quarter valued at about $281,000. AQR Capital Management LLC grew its position in Rockwell Automation by 75.9% in the first quarter. AQR Capital Management LLC now owns 8,139 shares of the industrial products company’s stock valued at $2,059,000 after acquiring an additional 3,513 shares during the last quarter. Empowered Funds LLC grew its position in Rockwell Automation by 142.7% in the first quarter. Empowered Funds LLC now owns 7,305 shares of the industrial products company’s stock valued at $1,887,000 after acquiring an additional 4,295 shares during the last quarter. Acadian Asset Management LLC grew its position in Rockwell Automation by 233.6% in the first 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, Jump Financial LLC bought a new position in Rockwell Automation in the second quarter valued at about $868,000. Institutional investors own 75.75% of the company’s stock.

Insider Buying and Selling

In other Rockwell Automation news, SVP Christopher Nardecchia sold 2,538 shares of the business’s stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $446.43, for a total value of $1,133,039.34. Following the transaction, the senior vice president directly owned 14,232 shares of the company’s stock, valued at approximately $6,353,591.76. The trade was a 15.13% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Matheus De A. G. Viera Bulho sold 1,250 shares of the business’s stock in a transaction that occurred on Wednesday, April 8th. The shares were sold at an average price of $387.50, for a total value of $484,375.00. Following the completion of the transaction, the senior vice president directly owned 1,734 shares in the company, valued at approximately $671,925. This trade represents a 41.89% decrease in their ownership of the stock. 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. Insiders sold 11,713 shares of company stock valued at $5,066,717 over the last 90 days. 0.76% of the stock is currently owned by corporate insiders.

Rockwell Automation Price Performance

Rockwell Automation stock opened at $456.34 on Thursday. The stock’s 50 day moving average is $404.94 and its 200 day moving average is $400.61. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.09 and a quick ratio of 0.76. The firm has a market cap of $50.78 billion, a P/E ratio of 47.44, a P/E/G ratio of 2.92 and a beta of 1.56. Rockwell Automation, Inc. has a one year low of $305.44 and a one year high of $463.48.

Rockwell Automation (NYSE:ROK) last posted its quarterly earnings data on Tuesday, May 5th. The industrial products company reported $3.30 EPS for the quarter, topping analysts’ consensus estimates of $2.88 by $0.42. The company had revenue of $2.24 billion for the quarter, compared to analyst estimates of $2.16 billion. Rockwell Automation had a return on equity of 37.54% and a net margin of 12.36%.The firm’s quarterly revenue was up 11.9% on a year-over-year basis. During the same period in the previous year, the firm earned $2.45 earnings per share. Rockwell Automation has set its FY 2026 guidance at 12.500-13.100 EPS. As a group, research analysts expect that Rockwell Automation, Inc. will post 13.01 EPS for the current year.

Rockwell Automation Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Monday, May 18th will be paid a $1.38 dividend. This represents a $5.52 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Monday, May 18th. Rockwell Automation’s payout ratio is currently 57.38%.

Analyst Ratings Changes

ROK has been the topic of a number of recent analyst reports. HSBC lifted their target price on Rockwell Automation from $445.00 to $490.00 in a research report on Wednesday, May 6th. Morgan Stanley reiterated an “overweight” rating and issued a $525.00 target price on shares of Rockwell Automation in a research report on Wednesday, May 6th. Weiss Ratings upgraded Rockwell Automation from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, March 25th. Evercore boosted their price target on Rockwell Automation from $440.00 to $480.00 in a report on Wednesday, May 6th. Finally, Wall Street Zen cut Rockwell Automation from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat.com, Rockwell Automation has a consensus rating of “Moderate Buy” and an average target price of $449.16.

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.