Arrowstreet Capital Limited Partnership Purchases 112,991 Shares of Rockwell Automation, Inc. $ROK

Arrowstreet Capital Limited Partnership grew its position in Rockwell Automation, Inc. (NYSE:ROK) by 384.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 142,358 shares of the industrial products company’s stock after acquiring an additional 112,991 shares during the period. Arrowstreet Capital Limited Partnership owned about 0.13% of Rockwell Automation worth $47,287,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Legend Financial Advisors Inc. bought a new position in Rockwell Automation during the second quarter worth about $39,000. SBI Securities Co. Ltd. lifted its position in shares of 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 buying an additional 38 shares during the last quarter. Financial Gravity Companies Inc. bought a new position in shares of Rockwell Automation during the 2nd quarter worth approximately $40,000. Cary Street Partners Investment Advisory LLC increased its holdings in shares of Rockwell Automation by 59.6% during the 1st quarter. Cary Street Partners Investment Advisory LLC now owns 166 shares of the industrial products company’s stock worth $43,000 after acquiring an additional 62 shares during the last quarter. Finally, AdvisorShares Investments LLC acquired a new position in shares of Rockwell Automation during the 2nd quarter worth approximately $50,000. 75.75% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, SVP Matheus De A. G. Viera Bulho sold 2,370 shares of the business’s stock in a transaction that occurred on Friday, December 5th. The shares were sold at an average price of $403.45, for a total value of $956,176.50. Following the transaction, the senior vice president owned 1,964 shares in the company, valued at approximately $792,375.80. The trade was a 54.68% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Matthew W. Fordenwalt sold 295 shares of the company’s stock in a transaction on Friday, December 5th. The shares were sold at an average price of $402.92, for a total transaction of $118,861.40. Following the sale, the senior vice president directly owned 4,529 shares in the company, valued at $1,824,824.68. This trade represents a 6.12% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 94,316 shares of company stock valued at $35,962,850 over the last quarter. 0.68% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Bank of America upped their price objective on shares of Rockwell Automation from $410.00 to $430.00 and gave the company a “buy” rating in a report on Thursday, November 20th. Citigroup reaffirmed a “buy” rating on shares of Rockwell Automation in a report on Thursday, October 9th. Weiss Ratings reissued a “hold (c)” rating on shares of Rockwell Automation in a report on Monday. Wells Fargo & Company boosted their price objective on Rockwell Automation from $355.00 to $380.00 and gave the stock an “equal weight” rating in a report on Friday, November 7th. Finally, Wall Street Zen raised Rockwell Automation from a “hold” rating to a “buy” rating in a research report on Sunday, September 21st. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $372.56.

Rockwell Automation Stock Performance

NYSE ROK opened at $403.87 on Friday. The firm’s 50 day simple moving average is $367.06 and its 200 day simple moving average is $347.38. The firm has a market capitalization of $45.34 billion, a price-to-earnings ratio of 52.73, a P/E/G ratio of 2.71 and a beta of 1.50. The company has a current ratio of 1.14, a quick ratio of 0.77 and a debt-to-equity ratio of 0.70. Rockwell Automation, Inc. has a 1 year low of $215.00 and a 1 year high of $406.44.

Rockwell Automation (NYSE:ROK) last issued 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 firm had revenue of $4.63 billion during the quarter, compared to the consensus estimate of $2.19 billion. Rockwell Automation had a return on equity of 32.69% and a net margin of 10.42%.The business’s quarterly revenue was up 13.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.47 earnings per share. Rockwell Automation has set its FY 2026 guidance at 11.200-12.200 EPS. As a group, research analysts expect that Rockwell Automation, Inc. will post 9.35 earnings per share for the current fiscal year.

Rockwell Automation Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Monday, November 17th will be issued a dividend of $1.38 per share. This represents a $5.52 dividend on an annualized basis and a dividend yield of 1.4%. This is a boost from Rockwell Automation’s previous quarterly dividend of $1.31. The ex-dividend date is Monday, November 17th. Rockwell Automation’s dividend payout ratio (DPR) is presently 72.06%.

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.