AE Wealth Management LLC Sells 374 Shares of Rockwell Automation, Inc. $ROK

AE Wealth Management LLC trimmed its position in Rockwell Automation, Inc. (NYSE:ROK) by 21.6% in the second quarter, according to its most recent filing with the SEC. The fund owned 1,354 shares of the industrial products company’s stock after selling 374 shares during the period. AE Wealth Management LLC’s holdings in Rockwell Automation were worth $450,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Robeco Institutional Asset Management B.V. grew its holdings in shares of Rockwell Automation by 720.8% during the second quarter. Robeco Institutional Asset Management B.V. now owns 399,309 shares of the industrial products company’s stock worth $132,638,000 after purchasing an additional 350,662 shares during the last quarter. Great Lakes Advisors LLC bought a new position in Rockwell Automation in the 1st quarter valued at approximately $73,908,000. Nuveen LLC acquired a new stake in Rockwell Automation during the 1st quarter worth approximately $63,632,000. Raymond James Financial Inc. grew its holdings in Rockwell Automation by 213.7% during the 1st quarter. Raymond James Financial Inc. now owns 357,080 shares of the industrial products company’s stock worth $92,263,000 after acquiring an additional 243,249 shares during the last quarter. Finally, Assenagon Asset Management S.A. increased its position in Rockwell Automation by 1,950.4% in the 2nd quarter. Assenagon Asset Management S.A. now owns 202,788 shares of the industrial products company’s stock valued at $67,360,000 after acquiring an additional 192,898 shares during the period. Institutional investors own 75.75% of the company’s stock.

Rockwell Automation Stock Performance

ROK stock opened at $376.59 on Friday. The firm has a market cap of $42.34 billion, a PE ratio of 44.20, a price-to-earnings-growth ratio of 3.30 and a beta of 1.45. The company has a current ratio of 1.06, a quick ratio of 0.72 and a debt-to-equity ratio of 0.72. The stock has a 50-day moving average price of $354.36 and a 200-day moving average price of $336.35. Rockwell Automation, Inc. has a 1-year low of $215.00 and a 1-year high of $398.20.

Rockwell Automation (NYSE:ROK) last released its earnings results on Thursday, November 6th. The industrial products company reported $3.34 EPS for the quarter, topping the consensus estimate of $2.94 by $0.40. The business had revenue of $2.32 billion during the quarter, compared to analysts’ expectations of $2.19 billion. Rockwell Automation had a return on equity of 30.14% and a net margin of 12.03%.The firm’s revenue was up 13.8% on a year-over-year basis. During the same quarter last year, the firm posted $2.47 earnings per share. Rockwell Automation has set its FY 2026 guidance at 11.200-12.200 EPS. As a group, equities research analysts expect that Rockwell Automation, Inc. will post 9.35 earnings per share for the current year.

Rockwell Automation Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Monday, November 17th will be paid a $1.38 dividend. The ex-dividend date is Monday, November 17th. This represents a $5.52 annualized dividend and a dividend yield of 1.5%. This is an increase from Rockwell Automation’s previous quarterly dividend of $1.31. Rockwell Automation’s dividend payout ratio (DPR) is presently 72.06%.

Insider Activity at Rockwell Automation

In related news, Director James P. Keane sold 3,000 shares of the stock in a transaction on Tuesday, August 26th. The shares were sold at an average price of $356.06, for a total transaction of $1,068,180.00. Following the transaction, the director directly owned 9,192 shares of the company’s stock, valued at $3,272,903.52. This represents a 24.61% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Blake D. Moret sold 61,700 shares of the company’s stock in a transaction dated Thursday, November 6th. The shares were sold at an average price of $391.56, for a total transaction of $24,159,252.00. Following the transaction, the chief executive officer owned 83,873 shares in the company, valued at $32,841,311.88. This represents a 42.38% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 92,075 shares of company stock worth $34,820,361 over the last ninety days. 0.68% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on ROK. Citigroup reiterated a “buy” rating on shares of Rockwell Automation in a report on Thursday, October 9th. Wall Street Zen raised Rockwell Automation from a “hold” rating to a “buy” rating in a research report on Sunday, September 21st. Weiss Ratings downgraded Rockwell Automation from a “buy (b-)” rating to a “hold (c)” rating in a report on Thursday. JPMorgan Chase & Co. increased their price target on Rockwell Automation from $357.00 to $400.00 and gave the company a “neutral” rating in a research note on Tuesday. Finally, KeyCorp raised their price objective on Rockwell Automation from $370.00 to $380.00 and gave the stock an “overweight” rating in a research report on Thursday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $364.75.

About Rockwell Automation

Rockwell Automation, Inc provides industrial automation and digital transformation solutions in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. The company operates through three segments, Intelligent Devices, Software & Control, and Lifecycle Services. Its solutions include hardware and software products and services.