Advisory Services Network LLC Raises Holdings in Rockwell Automation, Inc. $ROK

Advisory Services Network LLC lifted its position in Rockwell Automation, Inc. (NYSE:ROK) by 361.8% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 11,134 shares of the industrial products company’s stock after purchasing an additional 8,723 shares during the quarter. Advisory Services Network LLC’s holdings in Rockwell Automation were worth $3,916,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. grew its stake in shares of Rockwell Automation by 1.5% in the 2nd quarter. Vanguard Group Inc. now owns 14,058,406 shares of the industrial products company’s stock worth $4,669,781,000 after buying an additional 207,448 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Rockwell Automation by 1.7% in the 2nd quarter. Geode Capital Management LLC now owns 2,874,428 shares of the industrial products company’s stock valued at $950,744,000 after acquiring an additional 48,105 shares during the last quarter. Goldman Sachs Group Inc. grew its position in Rockwell Automation by 11.8% in the first quarter. Goldman Sachs Group Inc. now owns 1,819,379 shares of the industrial products company’s stock worth $470,091,000 after acquiring an additional 191,370 shares in the last quarter. Northern Trust Corp increased its stake in Rockwell Automation by 0.4% during the first quarter. Northern Trust Corp now owns 1,396,303 shares of the industrial products company’s stock worth $360,777,000 after acquiring an additional 4,972 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in Rockwell Automation by 1.0% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,170,010 shares of the industrial products company’s stock worth $302,307,000 after acquiring an additional 11,849 shares during the last quarter. 75.75% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CEO Blake D. Moret sold 5,564 shares of the stock in a transaction dated Wednesday, December 10th. The stock was sold at an average price of $402.02, for a total value of $2,236,839.28. Following the transaction, the chief executive officer directly owned 94,585 shares of the company’s stock, valued at approximately $38,025,061.70. This represents a 5.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP John M. Miller sold 92 shares of the business’s stock in a transaction on Wednesday, December 10th. The shares were sold at an average price of $401.92, for a total transaction of $36,976.64. Following the transaction, the vice president owned 5,969 shares of the company’s stock, valued at $2,399,060.48. This represents a 1.52% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 87,253 shares of company stock worth $34,405,319 over the last ninety days. Company insiders own 0.68% of the company’s stock.

Rockwell Automation Trading Down 0.2%

Shares of ROK opened at $400.96 on Wednesday. Rockwell Automation, Inc. has a 1-year low of $215.00 and a 1-year high of $415.89. The company has a 50-day moving average of $375.06 and a 200 day moving average of $352.63. The firm has a market capitalization of $45.02 billion, a price-to-earnings ratio of 52.34, a PEG ratio of 2.69 and a beta of 1.50. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.14 and a quick ratio of 0.77.

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 analysts’ consensus estimates of $2.94 by $0.40. The business had revenue of $4.63 billion for the quarter, compared to analyst estimates of $2.19 billion. Rockwell Automation had a net margin of 10.42% and a return on equity of 32.69%. The company’s quarterly revenue was up 13.8% compared to the same quarter last year. During the same period last year, the company posted $2.47 earnings per share. Rockwell Automation has set its FY 2026 guidance at 11.200-12.200 EPS. On average, research analysts expect that Rockwell Automation, Inc. will post 9.35 EPS for the current year.

Rockwell Automation Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 10th. Investors of record on Monday, November 17th were given a $1.38 dividend. This represents a $5.52 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend was Monday, November 17th. This is an increase from Rockwell Automation’s previous quarterly dividend of $1.31. Rockwell Automation’s payout ratio is 72.06%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on ROK shares. JPMorgan Chase & Co. raised their price objective on Rockwell Automation from $357.00 to $400.00 and gave the company a “neutral” rating in a research note on Tuesday, November 11th. Wall Street Zen upgraded Rockwell Automation from a “hold” rating to a “buy” rating in a research report on Sunday, September 21st. Wells Fargo & Company lifted their price objective on shares of Rockwell Automation from $355.00 to $380.00 and gave the stock an “equal weight” rating in a research note on Friday, November 7th. Bank of America increased their target price on shares of Rockwell Automation from $410.00 to $430.00 and gave the company a “buy” rating in a research note on Thursday, November 20th. Finally, Citigroup raised their target price on shares of Rockwell Automation from $439.00 to $466.00 and gave the stock a “buy” rating in a report on Monday, December 8th. Two analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and seven have given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $403.31.

Rockwell Automation Company Profile

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.