Journey Advisory Group LLC Sells 1,350 Shares of Rockwell Automation, Inc. $ROK

Journey Advisory Group LLC trimmed its stake in Rockwell Automation, Inc. (NYSE:ROK) by 24.7% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,105 shares of the industrial products company’s stock after selling 1,350 shares during the period. Journey Advisory Group LLC’s holdings in Rockwell Automation were worth $1,473,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the stock. Vanguard Group Inc. grew its holdings in Rockwell Automation by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 14,206,311 shares of the industrial products company’s stock valued at $5,527,249,000 after purchasing an additional 114,469 shares during the period. State Street Corp increased its position in Rockwell Automation by 4.2% in the fourth quarter. State Street Corp now owns 4,996,130 shares of the industrial products company’s stock worth $1,943,844,000 after buying an additional 202,705 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Rockwell Automation by 0.6% in the fourth quarter. Geode Capital Management LLC now owns 2,924,501 shares of the industrial products company’s stock worth $1,133,397,000 after buying an additional 17,855 shares during the period. Morgan Stanley raised its stake in shares of Rockwell Automation by 10.4% in the fourth quarter. Morgan Stanley now owns 2,921,840 shares of the industrial products company’s stock worth $1,136,801,000 after buying an additional 276,021 shares during the period. Finally, Goldman Sachs Group Inc. lifted its position in shares of Rockwell Automation by 1.2% during the 4th quarter. Goldman Sachs Group Inc. now owns 2,104,985 shares of the industrial products company’s stock valued at $818,986,000 after buying an additional 24,719 shares in the last quarter. 75.75% of the stock is owned by institutional investors.

Analyst Ratings Changes

ROK has been the subject of a number of recent research reports. Robert W. Baird boosted their price objective on Rockwell Automation from $470.00 to $527.00 and gave the company an “outperform” rating in a research note on Wednesday, July 1st. Zacks Research raised shares of Rockwell Automation from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 1st. DA Davidson initiated coverage on shares of Rockwell Automation in a research report on Tuesday, June 16th. They issued a “neutral” rating and a $500.00 price target for the company. Mizuho set a $445.00 price objective on shares of Rockwell Automation in a research note on Wednesday, May 6th. Finally, Rothschild & Co Redburn raised their price objective on shares of Rockwell Automation from $365.00 to $378.00 in a research report on Wednesday, May 6th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and eleven have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $469.33.

Rockwell Automation Stock Down 1.8%

Shares of ROK opened at $461.47 on Thursday. The business’s 50 day moving average is $460.71 and its 200 day moving average is $418.89. The company has a current ratio of 1.09, a quick ratio of 0.76 and a debt-to-equity ratio of 0.72. Rockwell Automation, Inc. has a 12-month low of $305.44 and a 12-month high of $497.36. The company has a market capitalization of $51.35 billion, a PE ratio of 47.97, a price-to-earnings-growth ratio of 2.99 and a beta of 1.54.

Rockwell Automation (NYSE:ROK) last announced its quarterly earnings data 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 business 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%. The company’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. Research analysts expect that Rockwell Automation, Inc. will post 13.06 earnings per share for the current fiscal year.

Rockwell Automation Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Monday, August 17th will be paid a dividend of $1.38 per share. This represents a $5.52 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Monday, August 17th. Rockwell Automation’s dividend payout ratio (DPR) is presently 57.38%.

Rockwell Automation declared that its Board of Directors has approved a share repurchase plan on Tuesday, June 9th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the industrial products company to repurchase up to 2% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s management believes its shares are undervalued.

Insider Activity at Rockwell Automation

In other Rockwell Automation news, VP Scott Genereux sold 550 shares of Rockwell Automation stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $447.73, for a total value of $246,251.50. Following the sale, the vice president directly owned 2,764 shares in the company, valued at approximately $1,237,525.72. The trade was a 16.60% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP John M. Miller sold 1,054 shares of the business’s stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $426.02, for a total transaction of $449,025.08. Following the completion of the sale, the vice president owned 5,615 shares in the company, valued at approximately $2,392,102.30. The trade was a 15.80% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 9,361 shares of company stock valued at $4,189,886 in the last ninety days. Corporate insiders own 0.76% of the company’s stock.

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.