4,869 Rockwell Automation, Inc. $ROK Shares Sold by King Luther Capital Management Corp

King Luther Capital Management Corp cut its stake in shares of Rockwell Automation, Inc. (NYSE:ROK) by 1.6% during the third quarter, HoldingsChannel.com reports. The firm owned 295,752 shares of the industrial products company’s stock after selling 4,869 shares during the period. King Luther Capital Management Corp’s holdings in Rockwell Automation were worth $128,750,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in ROK. Maryland State Retirement & Pension System boosted its holdings in Rockwell Automation by 11.2% during the third quarter. Maryland State Retirement & Pension System now owns 6,775 shares of the industrial products company’s stock worth $2,949,000 after buying an additional 685 shares in the last quarter. Cabot Wealth Management Inc. boosted its position in Rockwell Automation by 1.7% during the third quarter. Cabot Wealth Management Inc. now owns 47,408 shares of the industrial products company’s stock worth $20,638,000 after purchasing an additional 797 shares in the last quarter. Ritholtz Wealth Management boosted its position in Rockwell Automation by 408.5% during the third quarter. Ritholtz Wealth Management now owns 5,955 shares of the industrial products company’s stock worth $2,592,000 after purchasing an additional 4,784 shares in the last quarter. Jefferies Financial Group Inc. grew its holdings in Rockwell Automation by 130.3% in the third quarter. Jefferies Financial Group Inc. now owns 17,010 shares of the industrial products company’s stock valued at $7,405,000 after purchasing an additional 9,625 shares during the last quarter. Finally, Silver Grove Financial Group Inc. increased its position in shares of Rockwell Automation by 24.1% in the third quarter. Silver Grove Financial Group Inc. now owns 196 shares of the industrial products company’s stock valued at $85,000 after buying an additional 38 shares in the last quarter. Hedge funds and other institutional investors own 75.75% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Morgan Stanley set a $520.00 price objective on shares of Rockwell Automation in a research report on Friday, October 16th. DA Davidson lowered their price objective 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. Weiss Ratings upgraded shares of Rockwell Automation from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, October 26th. Deutsche Bank lifted their target price on shares of Rockwell Automation from $469.00 to $500.00 and gave the stock a “hold” rating in a research report on Wednesday, September 30th. Finally, 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. Nine research analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $471.33.

Rockwell Automation Stock Up 2.5%

ROK opened at $406.98 on Thursday. Rockwell Automation, Inc. has a 12 month low of $347.53 and a 12 month high of $497.36. The business has a 50-day moving average of $427.79 and a two-hundred day moving average of $426.96. The stock has a market capitalization of $45.19 billion, a price-to-earnings ratio of 32.43, a price-to-earnings-growth ratio of 2.78 and a beta of 1.51. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.11 and a quick ratio of 1.35.

Rockwell Automation (NYSE:ROK) last released its quarterly earnings data on Thursday, November 5th. The industrial products company reported $3.88 EPS for the quarter, topping analysts’ consensus estimates of $3.69 by $0.19. The company had revenue of $2.33 billion for the quarter, compared to the consensus estimate of $2.41 billion. Rockwell Automation had a return on equity of 41.79% and a net margin of 15.68%. The company’s quarterly revenue was up .7% compared to the same quarter last year. During the same period last year, the business posted $3.34 EPS. Rockwell Automation has set its FY 2027 guidance at 14.500-15.500 EPS. On average, research analysts expect that Rockwell Automation, Inc. will post 14.94 earnings per share for the current year.

Rockwell Automation Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 10th. Stockholders of record on Monday, November 16th will be paid a dividend of $1.45 per share. This is a boost from Rockwell Automation’s previous quarterly dividend of $1.38. This represents a $5.80 annualized dividend and a dividend yield of 1.4%. The ex-dividend date is Monday, November 16th. Rockwell Automation’s payout ratio is 46.22%.

Insider Buying and Selling at Rockwell Automation

In other Rockwell Automation news, CEO Blake Moret purchased 4,000 shares of the business’s stock in a transaction that occurred on Monday, November 9th. The shares were acquired at an average price of $386.36 per share, for a total transaction of $1,545,440.00. Following the completion of the purchase, the chief executive officer owned 99,285 shares in the company, valued at $38,359,752.60. The trade was a 4.20% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Isaac Woods sold 154 shares of the company’s stock in a transaction that occurred on Tuesday, September 8th. The shares were sold at an average price of $432.62, for a total value of $66,623.48. Following the completion of the transaction, the vice president directly owned 1,858 shares in the company, valued at approximately $803,807.96. The trade was 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 sold 2,711 shares of company stock valued at $1,164,880. Company insiders own 0.76% of the company’s stock.

Rockwell Automation News Summary

Here’s some of the latest news about ROK:

• Positive Sentiment: Rockwell launched PanelView Pro, a rugged, modular human-machine interface designed to improve performance and simplify maintenance and migration for existing FactoryTalk View ME users. The product expands its automation offering, though no expected revenue contribution was disclosed. PanelView Pro announcement
• Neutral Sentiment: UBS maintained its Hold rating, reinforcing a cautious, wait-and-see analyst view. UBS rating update
• Negative Sentiment: Recent results continue to weigh on sentiment: quarterly revenue of $2.33 billion missed the $2.41 billion consensus, despite earnings per share beating estimates. Coverage attributes much of the revenue miss to a one-time refund, but investors may still focus on the weak top-line result. Article on the revenue miss and CEO purchase

Rockwell Automation Company Profile

Rockwell Automation, Inc. is an industrial automation and digital transformation company headquartered in Milwaukee, Wisconsin. Its roots date to 1903, when it was founded as the Compression Rheostat Company. The company provides hardware, software and services that help manufacturers automate and manage industrial operations. Its offerings include control systems, sensors, motor-control products, industrial software and services for optimizing production and maintaining equipment. Its Allen-Bradley and FactoryTalk brands are among its best-known product lines.