Texas Capital Bank Wealth Management Services Inc Purchases New Stake in Rockwell Automation, Inc. $ROK

Texas Capital Bank Wealth Management Services Inc purchased a new stake in shares of Rockwell Automation, Inc. (NYSE:ROK) in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 1,229 shares of the industrial products company’s stock, valued at approximately $608,000.

Other institutional investors have also recently bought and sold shares of the company. MV Capital Management Inc. bought a new position in shares of Rockwell Automation in the fourth quarter valued at $28,000. Manchester Capital Management LLC increased its position in shares of Rockwell Automation by 97.5% during the fourth 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 in the last quarter. Cassaday & Co Wealth Management LLC bought a new stake in shares of Rockwell Automation during the first quarter worth about $31,000. First Horizon Corp acquired a new stake in shares of Rockwell Automation in the 4th quarter worth about $32,000. Finally, BOK Financial Private Wealth Inc. acquired a new stake in shares of Rockwell Automation in the 4th quarter worth about $33,000. Institutional investors and hedge funds own 75.75% of the company’s stock.

Insider Buying and Selling at Rockwell Automation

In other Rockwell Automation news, SVP Matthew W. Fordenwalt sold 377 shares of the business’s stock in a transaction on Thursday, June 4th. The stock was sold at an average price of $460.51, for a total value of $173,612.27. Following the transaction, the senior vice president owned 4,437 shares of the company’s stock, valued at approximately $2,043,282.87. The trade was a 7.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed 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 on Wednesday, May 20th. The shares were sold at an average price of $426.02, for a total value of $449,025.08. Following the completion of the transaction, the vice president owned 5,615 shares of the company’s stock, valued at $2,392,102.30. This trade represents 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. In the last three months, insiders sold 1,649 shares of company stock worth $722,119. Insiders own 0.76% of the company’s stock.

Rockwell Automation Trading Down 0.8%

NYSE:ROK opened at $445.69 on Tuesday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.74 and a current ratio of 1.08. The firm has a market cap of $49.49 billion, a price-to-earnings ratio of 41.77, a price-to-earnings-growth ratio of 2.62 and a beta of 1.54. Rockwell Automation, Inc. has a 52 week low of $332.71 and a 52 week high of $497.36. The firm has a 50-day moving average price of $463.60 and a two-hundred day moving average price of $426.67.

Rockwell Automation (NYSE:ROK) last posted its 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 net margin of 13.39% and a return on equity of 39.83%. The firm had revenue of $2.31 billion for the quarter, compared to analysts’ expectations of $2.24 billion. During the same quarter last year, the firm earned $2.82 EPS. The company’s quarterly revenue was up 7.9% compared to the same quarter last year. Rockwell Automation has set its FY 2026 guidance at 13.000-13.300 EPS. On average, equities analysts expect that Rockwell Automation, Inc. will post 13.22 earnings per share for the current fiscal year.

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

Rockwell Automation Announces Dividend

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

Analyst Upgrades and Downgrades

ROK has been the subject of a number of analyst reports. Argus lifted their price target on Rockwell Automation from $465.00 to $530.00 and gave the company a “buy” rating in a research note on Wednesday, June 24th. Wells Fargo & Company increased their price objective on Rockwell Automation from $360.00 to $440.00 and gave the stock an “equal weight” rating in a research note on Wednesday, May 6th. Weiss Ratings restated a “buy (b-)” rating on shares of Rockwell Automation in a report on Thursday, June 18th. Rothschild & Co Redburn lifted their target price on Rockwell Automation from $365.00 to $378.00 in a research report on Wednesday, May 6th. Finally, BNP Paribas Exane upped their price target on Rockwell Automation from $495.00 to $515.00 in a report on Wednesday, May 6th. Nine analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the stock. According to data from MarketBeat.com, Rockwell Automation has a consensus rating of “Hold” and an average target price of $468.67.

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.