Rockwell Automation, Inc. $ROK Position Boosted by CI Investments Inc.

CI Investments Inc. lifted its holdings in Rockwell Automation, Inc. (NYSE:ROK) by 137.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,449 shares of the industrial products company’s stock after purchasing an additional 1,417 shares during the period. CI Investments Inc.’s holdings in Rockwell Automation were worth $879,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. MV Capital Management Inc. acquired a new stake in shares of Rockwell Automation during the 4th quarter valued at $28,000. Manchester Capital Management LLC grew its holdings in shares of Rockwell Automation by 97.5% in the 4th quarter. Manchester Capital Management LLC now owns 79 shares of the industrial products company’s stock worth $31,000 after acquiring an additional 39 shares during the last quarter. First Horizon Corp acquired a new stake in shares of Rockwell Automation during the fourth quarter worth $32,000. BOK Financial Private Wealth Inc. purchased a new position in Rockwell Automation in the 4th quarter worth about $33,000. Finally, TD Capital Management LLC acquired a new stake in Rockwell Automation during the 4th quarter worth about $33,000. 75.75% of the stock is currently owned by institutional investors.

Rockwell Automation Stock Up 0.4%

ROK stock opened at $462.55 on Friday. The company has a 50 day moving average of $461.94 and a two-hundred day moving average of $422.04. The company has a market cap of $51.47 billion, a price-to-earnings ratio of 48.08, a PEG ratio of 2.94 and a beta of 1.54. Rockwell Automation, Inc. has a 12-month low of $305.44 and a 12-month high of $497.36. The company has a quick ratio of 0.76, a current ratio of 1.09 and a debt-to-equity ratio of 0.72.

Rockwell Automation (NYSE:ROK) last posted its quarterly earnings results 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. Rockwell Automation had a net margin of 12.36% and a return on equity of 37.54%. The business had revenue of $2.24 billion for the quarter, compared to analysts’ expectations of $2.16 billion. During the same period in the previous year, the company posted $2.45 EPS. Rockwell Automation’s revenue was up 11.9% on a year-over-year basis. Rockwell Automation has set its FY 2026 guidance at 12.500-13.100 EPS. On average, equities analysts anticipate that Rockwell Automation, Inc. will post 13.06 earnings per share for the current fiscal year.

Rockwell Automation Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Monday, August 17th will be given a $1.38 dividend. 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 is presently 57.38%.

Rockwell Automation announced that its Board of Directors has initiated a share buyback program on Tuesday, June 9th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the industrial products company to repurchase up to 2% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s management believes its stock is undervalued.

Wall Street Analysts Forecast Growth

ROK has been the topic of a number of recent analyst reports. Morgan Stanley restated an “overweight” rating and set a $525.00 price target on shares of Rockwell Automation in a report on Wednesday, May 6th. TD Cowen lifted their price objective on shares of Rockwell Automation from $350.00 to $400.00 and gave the stock a “hold” rating in a research report on Wednesday, May 13th. Zacks Research raised shares of Rockwell Automation from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 1st. KeyCorp increased their target price on Rockwell Automation from $470.00 to $510.00 and gave the company an “overweight” rating in a report on Wednesday, May 6th. Finally, Mizuho set a $445.00 target price on Rockwell Automation 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 assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $469.33.

Insider Activity at Rockwell Automation

In other Rockwell Automation news, SVP Christopher Nardecchia sold 2,538 shares of Rockwell Automation 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 sale, the senior vice president directly owned 14,232 shares in the company, valued at $6,353,591.76. The trade was a 15.13% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Scott Genereux sold 550 shares of the business’s stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $447.73, for a total transaction of $246,251.50. Following the completion of the sale, the vice president directly owned 2,764 shares of the company’s stock, valued at $1,237,525.72. This represents a 16.60% 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. Over the last three months, insiders sold 9,361 shares of company stock worth $4,189,886. 0.76% of the stock is currently owned by corporate insiders.

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.