Carmel Capital Partners LLC Reduces Stock Holdings in Rockwell Automation, Inc. $ROK

Carmel Capital Partners LLC reduced its position in shares of Rockwell Automation, Inc. (NYSE:ROK) by 37.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,130 shares of the industrial products company’s stock after selling 2,450 shares during the period. Carmel Capital Partners LLC’s holdings in Rockwell Automation were worth $1,444,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. raised its position in shares of Rockwell Automation by 1.5% during the 2nd quarter. Vanguard Group Inc. now owns 14,058,406 shares of the industrial products company’s stock valued at $4,669,781,000 after buying an additional 207,448 shares during the period. Geode Capital Management LLC increased its stake in Rockwell Automation by 1.7% during the second quarter. Geode Capital Management LLC now owns 2,874,428 shares of the industrial products company’s stock worth $950,744,000 after acquiring an additional 48,105 shares during the last quarter. Norges Bank purchased a new stake in Rockwell Automation in the second quarter valued at $368,575,000. Sumitomo Mitsui Trust Group Inc. lifted its stake in shares of Rockwell Automation by 1.2% in the 2nd quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,006,575 shares of the industrial products company’s stock valued at $334,354,000 after purchasing an additional 12,262 shares during the last quarter. Finally, Holocene Advisors LP grew its holdings in shares of Rockwell Automation by 128.9% during the 2nd quarter. Holocene Advisors LP now owns 866,992 shares of the industrial products company’s stock worth $287,989,000 after purchasing an additional 488,262 shares during the period. 75.75% of the stock is currently owned by institutional investors and hedge funds.

Rockwell Automation Stock Up 1.2%

Rockwell Automation stock opened at $425.38 on Friday. The firm has a market capitalization of $47.76 billion, a P/E ratio of 55.53, a P/E/G ratio of 2.95 and a beta of 1.52. The company has a current ratio of 1.14, a quick ratio of 0.77 and a debt-to-equity ratio of 0.70. Rockwell Automation, Inc. has a twelve month low of $215.00 and a twelve month high of $429.58. The stock’s fifty day simple moving average is $398.80 and its 200-day simple moving average is $366.96.

Rockwell Automation (NYSE:ROK) last released its earnings results on Thursday, November 6th. The industrial products company reported $3.34 EPS for the quarter, topping the consensus estimate of $2.94 by $0.40. Rockwell Automation had a return on equity of 32.69% and a net margin of 10.42%.The firm had revenue of $4.63 billion during the quarter, compared to analysts’ expectations of $2.19 billion. During the same period in the previous year, the firm posted $2.47 EPS. Rockwell Automation’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. As a group, equities analysts expect that Rockwell Automation, Inc. will post 9.35 earnings per share for the current fiscal year.

Rockwell Automation Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 10th. Investors of record on Monday, November 17th were issued a $1.38 dividend. This represents a $5.52 annualized dividend and a yield of 1.3%. This is a positive change from Rockwell Automation’s previous quarterly dividend of $1.31. The ex-dividend date of this dividend was Monday, November 17th. Rockwell Automation’s dividend payout ratio is 72.06%.

Insider Buying and Selling

In other Rockwell Automation news, CEO Blake D. Moret sold 61,700 shares of the 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. This represents a 42.38% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Rebecca W. House sold 1,698 shares of Rockwell Automation stock in a transaction on Wednesday, December 10th. The stock was sold at an average price of $402.06, for a total transaction of $682,697.88. Following the sale, the senior vice president directly owned 12,200 shares of the company’s stock, valued at approximately $4,905,132. This trade represents a 12.22% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 88,053 shares of company stock valued at $34,718,919 over the last ninety days. 0.76% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several analysts recently issued reports on ROK shares. TD Cowen boosted their price objective on shares of Rockwell Automation from $275.00 to $330.00 and gave the company a “hold” rating in a report on Tuesday, December 2nd. Citigroup boosted their price target on shares of Rockwell Automation from $439.00 to $466.00 and gave the company a “buy” rating in a research note on Monday, December 8th. Evercore ISI began coverage on shares of Rockwell Automation in a report on Monday, December 15th. They issued an “in-line” rating and a $440.00 price objective on the stock. Jefferies Financial Group lifted their target price on shares of Rockwell Automation from $450.00 to $470.00 and gave the company a “buy” rating in a report on Wednesday, December 10th. Finally, Bank of America upped their price target on Rockwell Automation from $410.00 to $430.00 and gave the stock a “buy” rating in a research note on Thursday, November 20th. Two analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $406.69.

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.