Professional Advisory Services Inc. Buys 1,500 Shares of Rockwell Automation, Inc. $ROK

Professional Advisory Services Inc. raised its position in shares of Rockwell Automation, Inc. (NYSE:ROK) by 176.5% in the second quarter, HoldingsChannel reports. The fund owned 2,350 shares of the industrial products company’s stock after acquiring an additional 1,500 shares during the period. Professional Advisory Services Inc.’s holdings in Rockwell Automation were worth $1,163,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in Rockwell Automation by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 14,206,311 shares of the industrial products company’s stock valued at $5,527,249,000 after buying an additional 114,469 shares in the last quarter. State Street Corp lifted its holdings in shares of Rockwell Automation by 4.2% during the fourth quarter. State Street Corp now owns 4,996,130 shares of the industrial products company’s stock worth $1,943,844,000 after buying an additional 202,705 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Rockwell Automation by 0.6% during the fourth quarter. Geode Capital Management LLC now owns 2,924,501 shares of the industrial products company’s stock worth $1,133,397,000 after buying an additional 17,855 shares in the last quarter. Morgan Stanley boosted its position in shares of Rockwell Automation by 10.4% in the fourth quarter. Morgan Stanley now owns 2,921,840 shares of the industrial products company’s stock valued at $1,136,801,000 after acquiring an additional 276,021 shares during the period. Finally, Goldman Sachs Group Inc. grew its stake in shares of Rockwell Automation by 1.2% in the fourth quarter. Goldman Sachs Group Inc. now owns 2,104,985 shares of the industrial products company’s stock valued at $818,986,000 after acquiring an additional 24,719 shares in the last quarter. Institutional investors own 75.75% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the stock. The Goldman Sachs Group boosted their price objective on shares of Rockwell Automation from $448.00 to $487.00 in a report on Wednesday, May 6th. Rothschild & Co Redburn lifted their price target on shares of Rockwell Automation from $365.00 to $378.00 in a research report on Wednesday, May 6th. HSBC boosted their price target on Rockwell Automation from $445.00 to $490.00 in a research note on Wednesday, May 6th. KeyCorp lifted their price objective on Rockwell Automation from $470.00 to $510.00 and gave the company an “overweight” rating in a report on Wednesday, May 6th. Finally, Mizuho set a $445.00 target price on Rockwell Automation in a report on Wednesday, May 6th. Nine equities research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $468.05.

Rockwell Automation Trading Down 0.2%

Shares of ROK opened at $440.95 on Friday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.76 and a current ratio of 1.08. Rockwell Automation, Inc. has a 52-week low of $328.70 and a 52-week high of $497.36. The firm has a market cap of $48.97 billion, a price-to-earnings ratio of 41.33, a PEG ratio of 2.58 and a beta of 1.54. The business’s fifty day moving average is $464.99 and its 200-day moving average is $425.44.

Rockwell Automation (NYSE:ROK) last released its quarterly earnings data 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 return on equity of 39.83% and a net margin of 13.39%.The business had revenue of $2.31 billion for the quarter, compared to analyst estimates of $2.24 billion. During the same period last year, the firm posted $2.82 earnings per share. Rockwell Automation’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. Equities analysts anticipate that Rockwell Automation, Inc. will post 13.19 EPS for the current fiscal year.

Rockwell Automation Dividend Announcement

The business 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. The ex-dividend date of this dividend is Monday, August 17th. This represents a $5.52 annualized dividend and a dividend yield of 1.3%. Rockwell Automation’s payout ratio is 51.73%.

Rockwell Automation announced that its Board of Directors has approved a share buyback plan on Tuesday, June 9th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the industrial products company to repurchase up to 2% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its stock is undervalued.

Insider Activity 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 shares were sold at an average price of $460.51, for a total transaction of $173,612.27. Following the sale, 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 filing with the SEC, which can be accessed through the SEC website. 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 stock was sold at an average price of $426.02, for a total transaction of $449,025.08. Following 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 ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 1,649 shares of company stock worth $722,119 over the last ninety days. 0.76% of the stock is currently owned by insiders.

About Rockwell Automation

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.