Cetera Investment Advisers Buys 1,882 Shares of Rockwell Automation, Inc. $ROK

Cetera Investment Advisers lifted its stake in Rockwell Automation, Inc. (NYSE:ROK) by 4.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 40,208 shares of the industrial products company’s stock after purchasing an additional 1,882 shares during the period. Cetera Investment Advisers’ holdings in Rockwell Automation were worth $14,430,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of ROK. Brighton Jones LLC bought a new stake in Rockwell Automation during the 4th quarter valued at approximately $281,000. AQR Capital Management LLC grew its holdings in shares of Rockwell Automation by 75.9% during the 1st quarter. AQR Capital Management LLC now owns 8,139 shares of the industrial products company’s stock worth $2,059,000 after acquiring an additional 3,513 shares during the period. Empowered Funds LLC raised its position in shares of Rockwell Automation by 142.7% in the 1st quarter. Empowered Funds LLC now owns 7,305 shares of the industrial products company’s stock worth $1,887,000 after acquiring an additional 4,295 shares in the last quarter. Acadian Asset Management LLC lifted its stake in shares of Rockwell Automation by 233.6% in the 1st quarter. Acadian Asset Management LLC now owns 1,878 shares of the industrial products company’s stock valued at $484,000 after purchasing an additional 1,315 shares during the period. Finally, Jump Financial LLC purchased a new position in shares of Rockwell Automation in the 2nd quarter valued at approximately $868,000. Institutional investors own 75.75% of the company’s stock.

Wall Street Analyst Weigh In

ROK has been the topic of several recent research reports. Jefferies Financial Group reaffirmed a “hold” rating and issued a $380.00 price target (down from $490.00) on shares of Rockwell Automation in a research note on Tuesday, March 31st. Evercore raised their price objective on Rockwell Automation from $440.00 to $480.00 in a research report on Wednesday, May 6th. Citigroup boosted their target price on shares of Rockwell Automation from $500.00 to $555.00 and gave the company a “buy” rating in a report on Monday, July 13th. Wells Fargo & Company upped their target price on shares of Rockwell Automation from $360.00 to $440.00 and gave the stock an “equal weight” rating in a research report on Wednesday, May 6th. Finally, 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. One research 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 company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $469.33.

Insider Buying and Selling

In other Rockwell Automation news, SVP Matthew W. Fordenwalt sold 600 shares of Rockwell Automation stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $449.58, for a total value of $269,748.00. Following the completion of the transaction, the senior vice president directly owned 4,437 shares of the company’s stock, valued at approximately $1,994,786.46. The trade was a 11.91% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, 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 company’s stock in a transaction that occurred 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 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 disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 9,361 shares of company stock worth $4,189,886 over the last quarter. 0.76% of the stock is owned by insiders.

Rockwell Automation Stock Performance

Rockwell Automation stock opened at $471.57 on Wednesday. Rockwell Automation, Inc. has a twelve month low of $305.44 and a twelve 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. The company has a market capitalization of $52.47 billion, a P/E ratio of 49.02, a PEG ratio of 2.97 and a beta of 1.54. The stock’s 50 day moving average is $463.54 and its 200 day moving average is $422.98.

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. Rockwell Automation had a return on equity of 37.54% and a net margin of 12.36%.The business had revenue of $2.24 billion during the quarter, compared to analysts’ expectations of $2.16 billion. During the same quarter in the previous year, the business earned $2.45 earnings per share. The firm’s quarterly revenue was up 11.9% compared to the same quarter last year. Rockwell Automation has set its FY 2026 guidance at 12.500-13.100 EPS. On average, equities research analysts predict that Rockwell Automation, Inc. will post 13.06 earnings per share for the current fiscal year.

Rockwell Automation Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Monday, August 17th will be paid a $1.38 dividend. The ex-dividend date is Monday, August 17th. This represents a $5.52 dividend on an annualized basis and a yield of 1.2%. Rockwell Automation’s payout ratio is presently 57.38%.

Rockwell Automation declared that its Board of Directors has authorized a share repurchase program on Tuesday, June 9th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the industrial products company to repurchase up to 2% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s leadership believes its shares are undervalued.

Rockwell Automation Company 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.