Rockwell Automation, Inc. $ROK Shares Sold by DAVENPORT & Co LLC

DAVENPORT & Co LLC cut its stake in Rockwell Automation, Inc. (NYSE:ROK) by 1.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 418,828 shares of the industrial products company’s stock after selling 4,405 shares during the period. DAVENPORT & Co LLC owned about 0.37% of Rockwell Automation worth $145,866,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Brighton Jones LLC acquired a new position in shares of Rockwell Automation during the fourth quarter worth about $281,000. American Century Companies Inc. lifted its stake in Rockwell Automation by 9.9% in the first quarter. American Century Companies Inc. now owns 30,737 shares of the industrial products company’s stock worth $7,942,000 after acquiring an additional 2,775 shares during the last quarter. CW Advisors LLC grew its holdings in Rockwell Automation by 13.1% during the 1st quarter. CW Advisors LLC now owns 853 shares of the industrial products company’s stock worth $221,000 after acquiring an additional 99 shares in the last quarter. Compound Planning Inc. increased its position in shares of Rockwell Automation by 30.3% in the 1st quarter. Compound Planning Inc. now owns 1,788 shares of the industrial products company’s stock valued at $462,000 after purchasing an additional 416 shares during the last quarter. Finally, Kestra Advisory Services LLC raised its holdings in shares of Rockwell Automation by 13.3% in the 1st quarter. Kestra Advisory Services LLC now owns 19,802 shares of the industrial products company’s stock valued at $5,116,000 after purchasing an additional 2,331 shares in the last quarter. Hedge funds and other institutional investors own 75.75% of the company’s stock.

Insiders Place Their Bets

In related news, SVP Rebecca W. House sold 1,698 shares of the company’s stock in a transaction on Wednesday, December 10th. The shares were sold at an average price of $402.06, for a total value of $682,697.88. Following the completion of the sale, the senior vice president owned 12,200 shares in the company, valued at $4,905,132. This represents a 12.22% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Blake D. Moret sold 61,700 shares of Rockwell Automation stock in a transaction on 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 completion of the transaction, the chief executive officer owned 83,873 shares in the company, valued at approximately $32,841,311.88. This represents a 42.38% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 87,253 shares of company stock worth $34,405,319. Corporate insiders own 0.68% of the company’s stock.

Rockwell Automation Stock Down 0.0%

ROK opened at $398.54 on Wednesday. The business’s 50-day simple moving average is $380.39 and its 200-day simple moving average is $355.28. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.77 and a current ratio of 1.14. Rockwell Automation, Inc. has a one year low of $215.00 and a one year high of $415.89. The stock has a market capitalization of $44.74 billion, a P/E ratio of 52.03, a price-to-earnings-growth ratio of 2.67 and a beta of 1.50.

Rockwell Automation (NYSE:ROK) last announced its earnings results on Thursday, November 6th. The industrial products company reported $3.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.94 by $0.40. The firm had revenue of $4.63 billion during the quarter, compared to analysts’ expectations of $2.19 billion. Rockwell Automation had a return on equity of 32.69% and a net margin of 10.42%.The business’s revenue was up 13.8% on a year-over-year basis. During the same period in the prior year, the firm earned $2.47 EPS. Rockwell Automation has set its FY 2026 guidance at 11.200-12.200 EPS. Analysts anticipate that Rockwell Automation, Inc. will post 9.35 EPS for the current year.

Rockwell Automation Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 10th. Stockholders of record on Monday, November 17th were given 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 was Monday, November 17th. Rockwell Automation’s payout ratio is 72.06%.

Wall Street Analysts Forecast Growth

ROK has been the subject of several recent analyst reports. Morgan Stanley lifted their price objective on shares of Rockwell Automation from $385.00 to $435.00 and gave the stock an “overweight” rating in a research report on Monday, November 10th. Wells Fargo & Company raised their price target on Rockwell Automation from $355.00 to $380.00 and gave the company an “equal weight” rating in a research note on Friday, November 7th. Robert W. Baird upped their price objective on Rockwell Automation from $392.00 to $402.00 and gave the stock an “outperform” rating in a research report on Friday, November 21st. TD Cowen increased their price objective on Rockwell Automation from $275.00 to $330.00 and gave the company a “hold” rating in a report on Tuesday, December 2nd. Finally, JPMorgan Chase & Co. raised their target price on Rockwell Automation from $357.00 to $400.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 11th. Two investment analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $403.31.

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.