First Pacific Financial grew its holdings in shares of Rockwell Automation, Inc. (NYSE:ROK – Free Report) by 29.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 12,046 shares of the industrial products company’s stock after purchasing an additional 2,708 shares during the period. First Pacific Financial’s holdings in Rockwell Automation were worth $4,210,000 at the end of the most recent quarter.
A number of other institutional investors have also recently made changes to their positions in ROK. Thurston Springer Miller Herd & Titak Inc. raised its stake in 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 valued at $32,000 after buying an additional 75 shares during the last quarter. Rexford Capital Inc. purchased a new position in shares of Rockwell Automation in the 2nd quarter valued at approximately $33,000. Legend Financial Advisors Inc. purchased a new position in shares of Rockwell Automation in the 2nd quarter valued at approximately $39,000. SBI Securities Co. Ltd. boosted its stake in Rockwell Automation by 48.7% in the 2nd quarter. SBI Securities Co. Ltd. now owns 116 shares of the industrial products company’s stock worth $39,000 after purchasing an additional 38 shares in the last quarter. Finally, Financial Gravity Companies Inc. purchased a new stake in Rockwell Automation during the 2nd quarter worth approximately $40,000. Institutional investors and hedge funds own 75.75% of the company’s stock.
Rockwell Automation Stock Down 1.2%
Rockwell Automation stock opened at $389.03 on Friday. The business’s 50-day moving average price is $386.46 and its 200 day moving average price is $358.31. The company has a quick ratio of 0.77, a current ratio of 1.14 and a debt-to-equity ratio of 0.70. The firm has a market cap of $43.68 billion, a price-to-earnings ratio of 50.79, a price-to-earnings-growth ratio of 2.61 and a beta of 1.52. Rockwell Automation, Inc. has a 52 week low of $215.00 and a 52 week high of $415.89.
Rockwell Automation Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Wednesday, December 10th. Investors of record on Monday, November 17th were given a dividend of $1.38 per share. This is a boost from Rockwell Automation’s previous quarterly dividend of $1.31. This represents a $5.52 annualized dividend and a yield of 1.4%. The ex-dividend date was Monday, November 17th. Rockwell Automation’s dividend payout ratio (DPR) is 72.06%.
Analyst Ratings Changes
A number of equities research analysts have recently weighed in on the stock. Bank of America boosted 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. Robert W. Baird boosted their price target on Rockwell Automation from $392.00 to $402.00 and gave the company an “outperform” rating in a research note on Friday, November 21st. Morgan Stanley increased their price objective on Rockwell Automation from $385.00 to $435.00 and gave the company an “overweight” rating in a report on Monday, November 10th. Wall Street Zen raised Rockwell Automation from a “hold” rating to a “buy” rating in a report on Sunday, September 21st. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Rockwell Automation in a research report on Monday. Two investment 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 stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $403.31.
Read Our Latest Research Report on Rockwell Automation
Insider Activity at Rockwell Automation
In other Rockwell Automation news, SVP Cyril Perducat sold 804 shares of Rockwell Automation stock in a transaction 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 completion of the transaction, the senior vice president owned 5,858 shares of the company’s stock, valued at approximately $2,355,208.90. The trade was a 12.07% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Matthew W. Fordenwalt sold 146 shares of the stock in a transaction dated Wednesday, December 10th. The stock was sold at an average price of $402.48, for a total transaction of $58,762.08. Following the sale, the senior vice president directly owned 4,437 shares in the company, valued at approximately $1,785,803.76. The trade was a 3.19% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 87,253 shares of company stock valued at $34,405,319 in the last quarter. 0.76% of the stock is currently owned by insiders.
Rockwell Automation Company 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.
See Also
- Five stocks we like better than Rockwell Automation
- GOLD ALERT
- If You Keep Cash In A U.S. Bank Account… Read This NOW
- Do not delete, read immediately
- Ray Dalio Says Buy Gold. I Say Get Paid Every Month From It
- Buy this $2 Gold Stock Before January 1, 2026
Want to see what other hedge funds are holding ROK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Rockwell Automation, Inc. (NYSE:ROK – Free Report).
Receive News & Ratings for Rockwell Automation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rockwell Automation and related companies with MarketBeat.com's FREE daily email newsletter.
