Rockwell Automation, Inc. $ROK Shares Sold by Jain Global LLC

Jain Global LLC lowered its stake in shares of Rockwell Automation, Inc. (NYSE:ROK) by 52.2% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 40,540 shares of the industrial products company’s stock after selling 44,273 shares during the quarter. Jain Global LLC’s holdings in Rockwell Automation were worth $14,170,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of ROK. Thurston Springer Miller Herd & Titak Inc. boosted its holdings in shares of Rockwell Automation by 468.8% in the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 91 shares of the industrial products company’s stock valued at $32,000 after buying an additional 75 shares in the last quarter. Rexford Capital Inc. acquired a new stake in Rockwell Automation during the 2nd quarter worth $33,000. Ameriflex Group Inc. lifted its position in Rockwell Automation by 100.0% in the third quarter. Ameriflex Group Inc. now owns 100 shares of the industrial products company’s stock valued at $35,000 after acquiring an additional 50 shares during the last quarter. SBI Securities Co. Ltd. lifted its position in Rockwell Automation by 48.7% in the second quarter. SBI Securities Co. Ltd. now owns 116 shares of the industrial products company’s stock valued at $39,000 after acquiring an additional 38 shares during the last quarter. Finally, Financial Gravity Companies Inc. acquired a new position in Rockwell Automation in the second quarter valued at $40,000. Hedge funds and other institutional investors own 75.75% of the company’s stock.

Insider Buying and Selling

In related news, SVP Rebecca W. House sold 12,100 shares of the stock in a transaction on Wednesday, February 25th. The stock was sold at an average price of $404.27, for a total transaction of $4,891,667.00. Following the completion of the sale, the senior vice president directly owned 12,200 shares of the company’s stock, valued at $4,932,094. This trade represents a 49.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Isaac Woods sold 1,271 shares of Rockwell Automation stock in a transaction on Wednesday, February 25th. The shares were sold at an average price of $405.69, for a total transaction of $515,631.99. Following the completion of the transaction, the vice president owned 1,687 shares in the company, valued at approximately $684,399.03. This trade represents a 42.97% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 49,228 shares of company stock worth $19,992,391. 0.76% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities analysts have issued reports on ROK shares. Jefferies Financial Group raised their price objective on Rockwell Automation from $450.00 to $470.00 and gave the stock a “buy” rating in a report on Wednesday, December 10th. Mizuho boosted their target price on Rockwell Automation from $380.00 to $400.00 and gave the company a “neutral” rating in a report on Friday, February 6th. Stephens upped their target price on Rockwell Automation from $425.00 to $475.00 and gave the company an “overweight” rating in a research report on Friday, January 23rd. Citigroup raised their price target on Rockwell Automation from $439.00 to $466.00 and gave the stock a “buy” rating in a research note on Monday, December 8th. Finally, Morgan Stanley reiterated an “overweight” rating and issued a $460.00 price objective on shares of Rockwell Automation in a research note on Sunday, February 8th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and eleven have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $418.33.

Rockwell Automation Trading Up 0.8%

NYSE ROK opened at $361.02 on Monday. The firm’s fifty day moving average is $403.96 and its two-hundred day moving average is $380.85. Rockwell Automation, Inc. has a one year low of $215.00 and a one year high of $438.72. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.80 and a current ratio of 1.16. The firm has a market cap of $40.56 billion, a PE ratio of 41.31, a P/E/G ratio of 2.58 and a beta of 1.53.

Rockwell Automation (NYSE:ROK) last announced its earnings results on Thursday, February 5th. The industrial products company reported $2.75 earnings per share for the quarter, topping the consensus estimate of $2.46 by $0.29. Rockwell Automation had a net margin of 11.56% and a return on equity of 34.92%. The business had revenue of $2.11 billion during the quarter, compared to the consensus estimate of $2.08 billion. During the same quarter in the prior year, the firm earned $1.83 earnings per share. The business’s quarterly revenue was up 11.9% compared to the same quarter last year. Rockwell Automation has set its FY 2026 guidance at 11.400-12.200 EPS. Analysts expect that Rockwell Automation, Inc. will post 9.35 earnings per share for the current year.

Rockwell Automation Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 10th. Shareholders of record on Monday, February 23rd were given a dividend of $1.38 per share. This represents a $5.52 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend was Monday, February 23rd. Rockwell Automation’s dividend payout ratio (DPR) is presently 63.16%.

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.