Rockwell Automation, Inc. $ROK Shares Sold by Carnegie Investment Counsel

Carnegie Investment Counsel trimmed its position in shares of Rockwell Automation, Inc. (NYSE:ROK) by 14.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 59,345 shares of the industrial products company’s stock after selling 10,421 shares during the quarter. Carnegie Investment Counsel owned approximately 0.05% of Rockwell Automation worth $20,743,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in ROK. Thurston Springer Miller Herd & Titak Inc. raised its position in shares of Rockwell Automation by 468.8% in the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 91 shares of the industrial products company’s stock worth $32,000 after acquiring an additional 75 shares during the period. Rexford Capital Inc. acquired a new position in Rockwell Automation in the 2nd quarter worth about $33,000. Legend Financial Advisors Inc. purchased a new position in Rockwell Automation during the second quarter worth approximately $39,000. SBI Securities Co. Ltd. grew its holdings in 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 purchasing an additional 38 shares during the period. Finally, Financial Gravity Companies Inc. purchased a new stake in shares of Rockwell Automation in the second quarter valued at approximately $40,000. 75.75% of the stock is owned by hedge funds and other institutional investors.

Rockwell Automation Price Performance

Rockwell Automation stock opened at $399.38 on Friday. The company has a current ratio of 1.14, a quick ratio of 0.77 and a debt-to-equity ratio of 0.70. The company has a 50-day moving average price of $383.38 and a 200 day moving average price of $356.40. Rockwell Automation, Inc. has a 12-month low of $215.00 and a 12-month high of $415.89. The stock has a market cap of $44.84 billion, a P/E ratio of 52.14, a PEG ratio of 2.67 and a beta of 1.50.

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

Rockwell Automation Increases Dividend

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

Wall Street Analysts Forecast Growth

ROK has been the subject of several recent analyst reports. Jefferies Financial Group boosted their price target on shares of Rockwell Automation from $450.00 to $470.00 and gave the stock a “buy” rating in a report on Wednesday, December 10th. JPMorgan Chase & Co. boosted their target price on shares of Rockwell Automation from $357.00 to $400.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 11th. TD Cowen raised their price target on shares of Rockwell Automation from $275.00 to $330.00 and gave the company a “hold” rating in a research note on Tuesday, December 2nd. Barclays lifted their price objective on Rockwell Automation from $417.00 to $435.00 and gave the stock an “overweight” rating in a report on Thursday, December 4th. Finally, Bank of America increased their target price on Rockwell Automation from $410.00 to $430.00 and gave the company a “buy” rating in a report on Thursday, November 20th. Two equities research 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’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $403.31.

Insiders Place Their Bets

In other news, CEO Blake D. Moret sold 61,700 shares of the business’s stock in a transaction that occurred on Thursday, November 6th. The shares were sold at an average price of $391.56, for a total value of $24,159,252.00. Following the sale, the chief executive officer directly owned 83,873 shares of the company’s stock, valued at approximately $32,841,311.88. The trade was a 42.38% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Scott Genereux sold 1,387 shares of Rockwell Automation stock in a transaction that occurred on Wednesday, December 10th. The shares were sold at an average price of $402.03, for a total transaction of $557,615.61. Following the completion of the sale, the vice president owned 4,514 shares of the company’s stock, valued at $1,814,763.42. This trade represents a 23.50% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 87,253 shares of company stock worth $34,405,319. Corporate insiders own 0.68% of the company’s stock.

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.