Cibc World Market Inc. Sells 8,079 Shares of Rockwell Automation, Inc. $ROK

Cibc World Market Inc. trimmed its holdings in shares of Rockwell Automation, Inc. (NYSE:ROK) by 39.0% during the 4th quarter, Holdings Channel reports. The fund owned 12,624 shares of the industrial products company’s stock after selling 8,079 shares during the period. Cibc World Market Inc.’s holdings in Rockwell Automation were worth $4,912,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Norges Bank bought a new stake in shares of Rockwell Automation in the 4th quarter valued at about $615,596,000. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Rockwell Automation by 5,925.6% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 906,192 shares of the industrial products company’s stock valued at $352,572,000 after buying an additional 891,153 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Rockwell Automation by 122.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 819,708 shares of the industrial products company’s stock valued at $286,522,000 after buying an additional 451,038 shares in the last quarter. Eurizon Capital SGR S.p.A. bought a new stake in shares of Rockwell Automation in the 4th quarter valued at about $156,017,000. Finally, Balyasny Asset Management L.P. boosted its holdings in shares of Rockwell Automation by 1,666.2% in the 3rd quarter. Balyasny Asset Management L.P. now owns 321,722 shares of the industrial products company’s stock valued at $112,451,000 after buying an additional 303,506 shares in the last quarter. 75.75% of the stock is currently owned by institutional investors.

Insider Transactions at Rockwell Automation

In related news, SVP Christopher Nardecchia sold 2,538 shares of the stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $446.43, for a total value of $1,133,039.34. Following the completion of the transaction, the senior vice president directly owned 14,232 shares of the company’s stock, valued at $6,353,591.76. This trade represents a 15.13% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Matthew W. Fordenwalt sold 1,200 shares of the stock in a transaction that occurred on Monday, April 13th. The shares were sold at an average price of $400.00, for a total transaction of $480,000.00. Following the completion of the transaction, the senior vice president directly owned 4,437 shares of the company’s stock, valued at $1,774,800. The trade was a 21.29% 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 a total of 12,308 shares of company stock worth $5,339,812 over the last ninety days. 0.76% of the stock is currently owned by insiders.

Rockwell Automation Stock Performance

Shares of Rockwell Automation stock opened at $446.48 on Monday. The firm has a market capitalization of $49.68 billion, a P/E ratio of 46.41, a PEG ratio of 2.86 and a beta of 1.57. The company has a quick ratio of 0.76, a current ratio of 1.09 and a debt-to-equity ratio of 0.72. The company has a 50 day moving average price of $418.83 and a 200 day moving average price of $404.28. Rockwell Automation, Inc. has a 52 week low of $305.44 and a 52 week high of $468.11.

Rockwell Automation (NYSE:ROK) last announced its quarterly earnings data on Tuesday, May 5th. The industrial products company reported $3.30 EPS for the quarter, beating the consensus estimate of $2.88 by $0.42. The firm had revenue of $2.24 billion during the quarter, compared to analyst estimates of $2.16 billion. Rockwell Automation had a net margin of 12.36% and a return on equity of 37.54%. Rockwell Automation’s revenue was up 11.9% on a year-over-year basis. During the same period last year, the firm posted $2.45 EPS. Rockwell Automation has set its FY 2026 guidance at 12.500-13.100 EPS. Sell-side 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 given a $1.38 dividend. This represents a $5.52 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend is Monday, May 18th. Rockwell Automation’s dividend payout ratio (DPR) is presently 57.38%.

Analyst Upgrades and Downgrades

ROK has been the topic of a number of recent analyst reports. The Goldman Sachs Group raised their price target on shares of Rockwell Automation from $448.00 to $487.00 in a report on Wednesday, May 6th. Robert W. Baird lowered their price target on shares of Rockwell Automation from $435.00 to $410.00 and set an “outperform” rating on the stock in a report on Monday, March 30th. Weiss Ratings upgraded shares of Rockwell Automation from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, March 25th. Morgan Stanley restated an “overweight” rating and issued a $525.00 price target on shares of Rockwell Automation in a report on Wednesday, May 6th. Finally, Citigroup raised their price target on shares of Rockwell Automation from $466.00 to $500.00 and gave the company a “buy” rating in a report on Wednesday, May 6th. 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 company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $449.16.

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.