Simplicity Wealth LLC Sells 1,377 Shares of Rockwell Automation, Inc. $ROK

Simplicity Wealth LLC lessened its stake in shares of Rockwell Automation, Inc. (NYSE:ROK) by 57.0% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 1,038 shares of the industrial products company’s stock after selling 1,377 shares during the period. Simplicity Wealth LLC’s holdings in Rockwell Automation were worth $363,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Capital Investment Advisors LLC boosted its position in shares of Rockwell Automation by 5.7% in the second quarter. Capital Investment Advisors LLC now owns 2,192 shares of the industrial products company’s stock worth $728,000 after purchasing an additional 119 shares during the period. Brighton Jones LLC purchased a new position in shares of Rockwell Automation during the 4th quarter valued at $281,000. Ferguson Wellman Capital Management Inc. bought a new position in Rockwell Automation in the 3rd quarter worth $777,000. Schroder Investment Management Group increased its stake in Rockwell Automation by 796.0% in the 2nd quarter. Schroder Investment Management Group now owns 97,367 shares of the industrial products company’s stock worth $32,342,000 after buying an additional 86,500 shares in the last quarter. Finally, Citizens Financial Group Inc. RI purchased a new stake in Rockwell Automation in the 2nd quarter worth $234,000. Hedge funds and other institutional investors own 75.75% of the company’s stock.

Insider Buying and Selling

In other news, SVP Matheus De A. G. Viera Bulho sold 476 shares of the company’s stock in a transaction that occurred on Wednesday, December 10th. The stock was sold at an average price of $402.02, for a total transaction of $191,361.52. Following the transaction, the senior vice president owned 2,401 shares of the company’s stock, valued at approximately $965,250.02. This represents a 16.55% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Cyril Perducat sold 804 shares of the stock in a transaction that occurred on Wednesday, December 10th. The stock was sold at an average price of $402.05, for a total value of $323,248.20. Following the completion of the sale, the senior vice president owned 5,858 shares in the company, valued at approximately $2,355,208.90. The trade was a 12.07% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 88,053 shares of company stock worth $34,718,919 over the last three months. 0.76% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on ROK. JPMorgan Chase & Co. upped their price objective on Rockwell Automation from $400.00 to $404.00 and gave the stock a “neutral” rating in a research note on Friday, January 16th. Stephens increased their price objective on shares of Rockwell Automation from $425.00 to $475.00 and gave the company an “overweight” rating in a report on Friday. Bank of America lifted 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. Citigroup upped their target price on shares of Rockwell Automation from $439.00 to $466.00 and gave the stock a “buy” rating in a research report on Monday, December 8th. Finally, Morgan Stanley lifted their price target on shares of Rockwell Automation from $435.00 to $440.00 and gave the company an “overweight” rating in a report on Tuesday, January 13th. Two investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $410.12.

Rockwell Automation Stock Performance

NYSE ROK opened at $417.75 on Monday. The business’s 50 day moving average price is $399.62 and its 200-day moving average price is $367.91. Rockwell Automation, Inc. has a fifty-two week low of $215.00 and a fifty-two week high of $429.58. The company has a market cap of $46.90 billion, a P/E ratio of 54.54, a P/E/G ratio of 2.93 and a beta of 1.52. 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 (NYSE:ROK) last issued its quarterly earnings results on Thursday, November 6th. The industrial products company reported $3.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.94 by $0.40. Rockwell Automation had a return on equity of 32.69% and a net margin of 10.42%.The company had revenue of $4.63 billion during the quarter, compared to the consensus estimate of $2.19 billion. During the same period last year, the company earned $2.47 earnings per share. Rockwell Automation’s revenue was up 13.8% on a year-over-year basis. Rockwell Automation has set its FY 2026 guidance at 11.200-12.200 EPS. Sell-side analysts predict that Rockwell Automation, Inc. will post 9.35 earnings per share for the current year.

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 issued a dividend of $1.38 per share. This represents a $5.52 annualized dividend and a yield of 1.3%. The ex-dividend date was Monday, November 17th. This is a positive change from Rockwell Automation’s previous quarterly dividend of $1.31. Rockwell Automation’s payout ratio is currently 72.06%.

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.