Rockwell Automation, Inc. $ROK Shares Bought by Tema ETFs LLC

Tema ETFs LLC raised its stake in shares of Rockwell Automation, Inc. (NYSE:ROK) by 19.9% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 24,673 shares of the industrial products company’s stock after acquiring an additional 4,093 shares during the period. Tema ETFs LLC’s holdings in Rockwell Automation were worth $12,215,000 as of its most recent filing with the SEC.

Other hedge funds have also recently modified their holdings of the company. Norges Bank purchased a new position in Rockwell Automation during the fourth quarter valued at approximately $615,596,000. Northwestern Mutual Wealth Management Co. boosted its position in 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 worth $352,572,000 after purchasing an additional 891,153 shares in the last quarter. Eurizon Capital SGR S.p.A. purchased a new stake in Rockwell Automation in the 4th quarter worth approximately $156,017,000. Invesco Ltd. grew its stake in shares of Rockwell Automation by 25.0% during the 4th quarter. Invesco Ltd. now owns 1,545,104 shares of the industrial products company’s stock worth $601,154,000 after purchasing an additional 309,316 shares during the period. Finally, Balyasny Asset Management L.P. grew its stake in shares of Rockwell Automation by 1,666.2% during the 3rd quarter. Balyasny Asset Management L.P. now owns 321,722 shares of the industrial products company’s stock worth $112,451,000 after purchasing an additional 303,506 shares during the period. Hedge funds and other institutional investors own 75.75% of the company’s stock.

Rockwell Automation Stock Performance

NYSE ROK opened at $446.82 on Wednesday. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.08 and a quick ratio of 0.74. The stock’s 50 day simple moving average is $464.20 and its 200-day simple moving average is $425.91. The company has a market cap of $49.62 billion, a PE ratio of 41.88, a price-to-earnings-growth ratio of 2.55 and a beta of 1.54. Rockwell Automation, Inc. has a 1-year low of $329.10 and a 1-year high of $497.36.

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. The firm had revenue of $2.31 billion during the quarter, compared to analysts’ expectations of $2.24 billion. Rockwell Automation had a return on equity of 39.83% and a net margin of 13.39%.The firm’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same period in the previous year, the business earned $2.82 earnings per share. Rockwell Automation has set its FY 2026 guidance at 13.000-13.300 EPS. As a group, equities research analysts anticipate that Rockwell Automation, Inc. will post 13.19 EPS for the current fiscal year.

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

Rockwell Automation Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Monday, August 17th will be given a $1.38 dividend. This represents a $5.52 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Monday, August 17th. Rockwell Automation’s dividend payout ratio is 51.73%.

Insider Transactions at Rockwell Automation

In other Rockwell Automation news, SVP Matthew W. Fordenwalt sold 377 shares of the stock in a transaction dated Thursday, June 4th. The shares were sold at an average price of $460.51, for a total value of $173,612.27. Following the completion of the sale, the senior vice president owned 4,437 shares in the company, valued at approximately $2,043,282.87. This represents a 7.83% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through 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 firm’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 directly owned 5,615 shares in the company, valued at $2,392,102.30. This trade represents a 15.80% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 1,649 shares of company stock valued at $722,119 over the last quarter. Company insiders own 0.76% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on ROK shares. DA Davidson assumed coverage on shares of Rockwell Automation in a research note on Tuesday, June 16th. They issued a “neutral” rating and a $500.00 target price for the company. Barclays raised their price target on shares of Rockwell Automation from $400.00 to $480.00 and gave the company an “overweight” rating in a research report on Wednesday, May 6th. Citigroup cut their price objective on shares of Rockwell Automation from $555.00 to $536.00 and set a “buy” rating for the company in a report on Wednesday, August 5th. The Goldman Sachs Group upped their price objective on shares of Rockwell Automation from $448.00 to $487.00 in a research report on Wednesday, May 6th. Finally, Zacks Research lowered shares of Rockwell Automation from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 30th. Nine investment analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company’s stock. According to MarketBeat, Rockwell Automation currently 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.