Rockwell Automation, Inc. $ROK Holdings Cut by Rockland Trust Co.

Rockland Trust Co. lowered its stake in shares of Rockwell Automation, Inc. (NYSE:ROK) by 19.5% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 17,926 shares of the industrial products company’s stock after selling 4,342 shares during the period. Rockland Trust Co.’s holdings in Rockwell Automation were worth $8,875,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. MV Capital Management Inc. acquired a new stake in Rockwell Automation during the fourth quarter valued at $28,000. Manchester Capital Management LLC increased its position in 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 purchasing an additional 39 shares during the last quarter. Cassaday & Co Wealth Management LLC acquired a new position in Rockwell Automation in the 1st quarter worth about $31,000. First Horizon Corp purchased a new stake in shares of Rockwell Automation during the 4th quarter worth about $32,000. Finally, BOK Financial Private Wealth Inc. purchased a new stake in shares of Rockwell Automation during the 4th quarter worth about $33,000. 75.75% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Rockwell Automation news, SVP Matthew W. Fordenwalt sold 377 shares of the firm’s stock in a transaction on Thursday, June 4th. The shares were sold at an average price of $460.51, for a total value of $173,612.27. Following the sale, the senior vice president directly owned 4,437 shares in the company, valued at $2,043,282.87. This trade represents a 7.83% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 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 dated Wednesday, May 20th. The stock was sold at an average price of $426.02, for a total transaction of $449,025.08. Following the transaction, 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 have sold 1,649 shares of company stock worth $722,119 in the last ninety days. 0.76% of the stock is currently owned by insiders.

Rockwell Automation Price Performance

Shares of NYSE:ROK opened at $440.95 on Friday. The business has a 50 day moving average price of $464.99 and a 200 day moving average price of $425.44. Rockwell Automation, Inc. has a twelve month low of $328.70 and a twelve month high of $497.36. The company has a market cap of $48.97 billion, a price-to-earnings ratio of 41.33, a PEG ratio of 2.58 and a beta of 1.54. The company has a quick ratio of 0.76, a current ratio of 1.08 and a debt-to-equity ratio of 0.74.

Rockwell Automation (NYSE:ROK) last issued its quarterly earnings results on Tuesday, August 4th. The industrial products company reported $3.49 EPS for the quarter, topping the consensus estimate of $3.38 by $0.11. Rockwell Automation had a return on equity of 39.83% and a net margin of 13.39%.The company had revenue of $2.31 billion for the quarter, compared to the consensus estimate of $2.24 billion. During the same period in the previous year, the business posted $2.82 EPS. The company’s revenue for the quarter was up 7.9% on a year-over-year basis. Rockwell Automation has set its FY 2026 guidance at 13.000-13.300 EPS. Research analysts predict that Rockwell Automation, Inc. will post 13.19 earnings per share for the current year.

Rockwell Automation announced that its board has authorized a share repurchase program on Tuesday, June 9th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the industrial products company to repurchase up to 2% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s leadership believes its shares are undervalued.

Rockwell Automation Announces Dividend

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 given a dividend of $1.38 per share. The ex-dividend date of this dividend is Monday, August 17th. This represents a $5.52 dividend on an annualized basis and a yield of 1.3%. Rockwell Automation’s payout ratio is 51.73%.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. DA Davidson started coverage on Rockwell Automation in a research note on Tuesday, June 16th. They issued a “neutral” rating and a $500.00 price target for the company. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Rockwell Automation in a research report on Thursday, June 18th. JPMorgan Chase & Co. lifted their target price on shares of Rockwell Automation from $404.00 to $417.00 and gave the company a “neutral” rating in a research note on Wednesday, May 6th. TD Cowen boosted their target price 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. Finally, Robert W. Baird set a $514.00 price target on shares of Rockwell Automation in a research note on Wednesday. Nine equities research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $468.05.

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.