NewEdge Advisors LLC Grows Stake in Rockwell Automation, Inc. $ROK

NewEdge Advisors LLC raised its position in shares of Rockwell Automation, Inc. (NYSE:ROK) by 38.9% in the second quarter, HoldingsChannel reports. The firm owned 47,895 shares of the industrial products company’s stock after acquiring an additional 13,425 shares during the period. NewEdge Advisors LLC’s holdings in Rockwell Automation were worth $23,712,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in ROK. Virtus Advisers LLC purchased a new position in shares of Rockwell Automation during the second quarter valued at $25,000. MV Capital Management Inc. purchased a new stake in Rockwell Automation in the fourth quarter valued at about $28,000. Manchester Capital Management LLC lifted its stake 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 buying an additional 39 shares during the period. BOK Financial Private Wealth Inc. acquired a new stake in shares of Rockwell Automation during the fourth quarter worth about $33,000. Finally, TD Capital Management LLC purchased a new stake in Rockwell Automation in the fourth quarter valued at $33,000. 75.75% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on ROK. Evercore set a $485.00 target price on Rockwell Automation in a research report on Wednesday, August 5th. Sanford C. Bernstein upped their target price on shares of Rockwell Automation from $501.00 to $514.00 and gave the stock a “market perform” rating in a report on Friday, August 14th. DA Davidson decreased their price target on shares of Rockwell Automation from $500.00 to $490.00 and set a “neutral” rating on the stock in a research note on Friday, August 21st. Robert W. Baird set a $514.00 price target on shares of Rockwell Automation in a research report on Wednesday, August 5th. Finally, Morgan Stanley upped their price objective on shares of Rockwell Automation from $525.00 to $545.00 and gave the company an “overweight” rating in a research note on Wednesday, September 2nd. Nine equities research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $469.14.

Rockwell Automation Stock Down 1.1%

Shares of ROK opened at $421.49 on Friday. Rockwell Automation, Inc. has a 52-week low of $332.71 and a 52-week high of $497.36. The company has a quick ratio of 0.74, a current ratio of 1.08 and a debt-to-equity ratio of 0.74. The stock has a fifty day simple moving average of $449.52 and a two-hundred day simple moving average of $429.36. The company has a market capitalization of $46.81 billion, a PE ratio of 39.50, a price-to-earnings-growth ratio of 2.48 and a beta of 1.52.

Rockwell Automation (NYSE:ROK) last announced its quarterly earnings results on Tuesday, August 4th. The industrial products company reported $3.49 earnings per share for the quarter, beating 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 in the previous year, the company posted $2.82 EPS. The company’s 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. As a group, equities analysts forecast that Rockwell Automation, Inc. will post 13.23 EPS for the current year.

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

Insider Activity

In other news, VP Isaac Woods sold 154 shares of Rockwell Automation stock in a transaction that occurred on Tuesday, September 8th. The shares were sold at an average price of $432.62, for a total transaction of $66,623.48. Following the sale, the vice president owned 1,858 shares of the company’s stock, valued at approximately $803,807.96. The trade was a 7.65% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Christian E. Rothe sold 590 shares of the stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of $434.30, for a total value of $256,237.00. Following the completion of the transaction, the chief financial officer owned 10,429 shares of the company’s stock, valued at $4,529,314.70. The trade was a 5.35% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last quarter, insiders have sold 2,711 shares of company stock valued at $1,164,880. Company insiders own 0.76% of the company’s stock.

About Rockwell Automation

Rockwell Automation, Inc (NYSE: ROK) is a global provider of industrial automation and digital transformation technologies. The company helps manufacturers and other industrial organizations improve productivity, safety, quality and operational efficiency by connecting control systems, equipment, software and data across production environments.

Its portfolio includes programmable logic controllers, industrial computers, sensors, motor control and drives, motion-control systems, safety equipment, human-machine interfaces and industrial networking technologies.