Abacus FCF Advisors LLC Takes $7.98 Million Position in Rockwell Automation, Inc. $ROK

Abacus FCF Advisors LLC purchased a new position in Rockwell Automation, Inc. (NYSE:ROK) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 22,834 shares of the industrial products company’s stock, valued at approximately $7,981,000.

Other hedge funds have also bought and sold shares of the company. Thurston Springer Miller Herd & Titak Inc. boosted its position in shares of Rockwell Automation by 468.8% in the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 91 shares of the industrial products company’s stock worth $32,000 after purchasing an additional 75 shares in the last quarter. Rexford Capital Inc. purchased a new stake in Rockwell Automation in the second quarter valued at about $33,000. Legend Financial Advisors Inc. acquired a new stake in Rockwell Automation in the second quarter worth about $39,000. SBI Securities Co. Ltd. boosted 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 worth $39,000 after acquiring an additional 38 shares in the last quarter. Finally, Financial Gravity Companies Inc. purchased a new stake in shares of Rockwell Automation during the second quarter worth about $40,000. Institutional investors own 75.75% of the company’s stock.

Analyst Ratings Changes

ROK has been the subject of several research analyst reports. Bank of America increased their price objective on shares of Rockwell Automation from $410.00 to $430.00 and gave the company a “buy” rating in a research report on Thursday, November 20th. Jefferies Financial Group upped their price target on shares of Rockwell Automation from $450.00 to $470.00 and gave the company a “buy” rating in a research note on Wednesday, December 10th. Wells Fargo & Company raised their price target on shares of Rockwell Automation from $355.00 to $380.00 and gave the stock an “equal weight” rating in a report on Friday, November 7th. Citigroup upped their target price on Rockwell Automation from $439.00 to $466.00 and gave the company a “buy” rating in a research report on Monday, December 8th. 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 note on Tuesday, November 11th. Two analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, Rockwell Automation currently has a consensus rating of “Moderate Buy” and a consensus target price of $403.31.

Insiders Place Their Bets

In other news, VP Terry L. Riesterer sold 225 shares of the company’s stock in a transaction that occurred on Wednesday, December 10th. The stock was sold at an average price of $402.13, for a total transaction of $90,479.25. Following the completion of the transaction, the vice president directly owned 2,034 shares of the company’s stock, valued at $817,932.42. This represents a 9.96% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, SVP Cyril Perducat sold 804 shares of the stock in a transaction that occurred on Wednesday, December 10th. The shares were sold at an average price of $402.05, for a total value of $323,248.20. Following the transaction, the senior vice president owned 5,858 shares in the company, valued at $2,355,208.90. This trade represents a 12.07% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 87,253 shares of company stock valued at $34,405,319. 0.76% of the stock is owned by insiders.

Rockwell Automation Stock Performance

ROK opened at $396.47 on Tuesday. The firm has a fifty day moving average price of $384.25 and a 200 day moving average price of $357.34. Rockwell Automation, Inc. has a 1 year low of $215.00 and a 1 year high of $415.89. The stock has a market cap of $44.51 billion, a P/E ratio of 51.76, a P/E/G ratio of 2.68 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 posted its earnings results on Thursday, November 6th. The industrial products company reported $3.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.94 by $0.40. Rockwell Automation had a net margin of 10.42% and a return on equity of 32.69%. The business had revenue of $4.63 billion for the quarter, compared to analyst estimates of $2.19 billion. During the same period in the prior year, the company posted $2.47 EPS. The company’s revenue for the quarter was up 13.8% on a year-over-year basis. Rockwell Automation has set its FY 2026 guidance at 11.200-12.200 EPS. Equities research 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 disclosed a quarterly dividend, which was paid on Wednesday, December 10th. Shareholders of record on Monday, November 17th were issued a $1.38 dividend. 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. This represents a $5.52 annualized dividend and a yield of 1.4%. Rockwell Automation’s dividend payout ratio is 72.06%.

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.