Rockwell Automation, Inc. $ROK Stock: Robeco Institutional Asset Management B.V. Boosts Position

Robeco Institutional Asset Management B.V. raised its position in Rockwell Automation, Inc. (NYSE:ROK) by 6.4% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 738,277 shares of the industrial products company’s stock after purchasing an additional 44,216 shares during the period. Robeco Institutional Asset Management B.V. owned about 0.66% of Rockwell Automation worth $321,394,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. BlackRock Inc. acquired a new position in shares of Rockwell Automation during the 2nd quarter worth $6,129,376,000. Legal & General Group Plc purchased a new stake in shares of Rockwell Automation in the 2nd quarter worth about $394,905,000. Bank of New York Mellon Corp purchased a new stake in shares of Rockwell Automation in the 2nd quarter worth about $300,589,000. Hsbc Holdings PLC acquired a new stake in Rockwell Automation in the 2nd quarter valued at about $233,964,000. Finally, Deutsche Bank AG acquired a new stake in Rockwell Automation in the 2nd quarter valued at about $210,342,000. Hedge funds and other institutional investors own 75.75% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on the stock. DA Davidson dropped their target price on shares of Rockwell Automation from $500.00 to $490.00 and set a “neutral” rating for the company in a report on Friday, August 21st. Morgan Stanley set a $520.00 target price on shares of Rockwell Automation in a research report on Friday. The Goldman Sachs Group reduced their price target on shares of Rockwell Automation from $510.00 to $485.00 and set a “neutral” rating on the stock in a report on Wednesday, September 30th. Zacks Research lowered shares of Rockwell Automation from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 30th. Finally, Evercore set a $485.00 price target on shares of Rockwell Automation in a research report on Wednesday, August 5th. Nine research analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $468.00.

Insider Buying and Selling

In related news, Director Patricia Watson sold 1,100 shares of the business’s stock in a transaction dated Thursday, August 27th. The shares were sold at an average price of $431.43, for a total value of $474,573.00. Following the completion of the transaction, the director owned 6,385 shares of the company’s stock, valued at approximately $2,754,680.55. The trade was a 14.70% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Isaac Woods sold 154 shares of the company’s stock in a transaction dated Tuesday, September 8th. The shares were sold at an average price of $432.62, for a total transaction of $66,623.48. Following the completion of the transaction, the vice president owned 1,858 shares in the company, valued at approximately $803,807.96. This trade represents a 7.65% 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. In the last 90 days, insiders have sold 2,711 shares of company stock worth $1,164,880. 0.76% of the stock is owned by company insiders.

Rockwell Automation Stock Performance

NYSE ROK opened at $427.29 on Wednesday. Rockwell Automation, Inc. has a fifty-two week low of $347.53 and a fifty-two week high of $497.36. The stock has a market cap of $47.45 billion, a price-to-earnings ratio of 40.05, a price-to-earnings-growth ratio of 2.01 and a beta of 1.51. The business has a fifty day moving average of $431.65 and a 200-day moving average of $440.71. The company has a quick ratio of 0.74, a current ratio of 1.08 and a debt-to-equity ratio of 0.74.

Rockwell Automation (NYSE:ROK) last issued its quarterly earnings data on Tuesday, August 4th. The industrial products company reported $3.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.38 by $0.11. The business had revenue of $2.31 billion for the quarter, compared to the consensus estimate of $2.24 billion. Rockwell Automation had a return on equity of 39.83% and a net margin of 13.39%. The business’s revenue was up 7.9% on a year-over-year basis. During the same period in the prior 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, analysts predict that Rockwell Automation, Inc. will post 13.26 earnings per share for the current fiscal year.

About Rockwell Automation

Rockwell Automation, Inc (NYSE: ROK) is a global provider of industrial automation and digital transformation technologies. The company helps manufacturers and industrial organizations improve productivity, safety, quality and operational efficiency through connected hardware, software and services.

Its product portfolio includes industrial control systems, programmable logic controllers, motor control and sensing equipment, industrial computers, safety products, networking technologies and power-control solutions.