Intech Investment Management LLC Sells 2,868 Shares of Rockwell Automation, Inc. $ROK

Intech Investment Management LLC reduced its stake in Rockwell Automation, Inc. (NYSE:ROK) by 34.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,398 shares of the industrial products company’s stock after selling 2,868 shares during the quarter. Intech Investment Management LLC’s holdings in Rockwell Automation were worth $2,100,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Lansforsakringar Fondforvaltning AB publ increased its stake in Rockwell Automation by 7.1% in the 3rd quarter. Lansforsakringar Fondforvaltning AB publ now owns 61,834 shares of the industrial products company’s stock valued at $21,613,000 after buying an additional 4,086 shares during the last quarter. Oak Thistle LLC acquired a new stake in Rockwell Automation in the 4th quarter valued at $1,556,000. Bessemer Group Inc. increased its stake in Rockwell Automation by 180.5% in the 3rd quarter. Bessemer Group Inc. now owns 5,842 shares of the industrial products company’s stock valued at $2,042,000 after buying an additional 3,759 shares during the last quarter. Nordea Investment Management AB increased its stake in Rockwell Automation by 20.7% in the 4th quarter. Nordea Investment Management AB now owns 744,814 shares of the industrial products company’s stock valued at $291,073,000 after buying an additional 127,733 shares during the last quarter. Finally, SG Americas Securities LLC increased its stake in Rockwell Automation by 911.0% in the 4th quarter. SG Americas Securities LLC now owns 91,808 shares of the industrial products company’s stock valued at $35,720,000 after buying an additional 82,727 shares during the last quarter. 75.75% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, VP John M. Miller sold 1,054 shares of the company’s stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $426.02, for a total value of $449,025.08. Following the transaction, the vice president owned 5,615 shares in the company, valued at approximately $2,392,102.30. This represents a 15.80% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Terry L. Riesterer sold 4,024 shares of the company’s stock in a transaction dated Thursday, May 7th. The shares were sold at an average price of $451.97, for a total transaction of $1,818,727.28. Following the completion of the transaction, the vice president owned 134 shares in the company, valued at approximately $60,563.98. This trade represents a 96.78% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 11,931 shares of company stock worth $5,166,199 in the last 90 days. Corporate insiders own 0.76% of the company’s stock.

Analysts Set New Price Targets

ROK has been the topic of several recent research reports. Wall Street Zen lowered shares of Rockwell Automation from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. Evercore lifted their price target on shares of Rockwell Automation from $440.00 to $480.00 in a research note on Wednesday, May 6th. Weiss Ratings upgraded shares of Rockwell Automation from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, March 25th. Morgan Stanley reiterated an “overweight” rating and issued a $525.00 price target on shares of Rockwell Automation in a research note on Wednesday, May 6th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Rockwell Automation from $404.00 to $417.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 6th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and ten have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $449.16.

Rockwell Automation Stock Down 0.4%

Shares of ROK stock opened at $461.76 on Thursday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.76 and a current ratio of 1.09. The firm’s 50-day moving average is $415.09 and its 200-day moving average is $403.13. The stock has a market cap of $51.38 billion, a price-to-earnings ratio of 48.00, a PEG ratio of 2.97 and a beta of 1.57. Rockwell Automation, Inc. has a 52-week low of $305.44 and a 52-week high of $468.11.

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

Rockwell Automation Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Monday, May 18th will be issued 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 dividend payout ratio is presently 57.38%.

About Rockwell Automation

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.