Bank of New York Mellon Corp Has $253.04 Million Position in Rockwell Automation, Inc. $ROK

Bank of New York Mellon Corp cut its holdings in Rockwell Automation, Inc. (NYSE:ROK) by 0.2% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 723,937 shares of the industrial products company’s stock after selling 1,755 shares during the period. Bank of New York Mellon Corp owned approximately 0.64% of Rockwell Automation worth $253,038,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Thurston Springer Miller Herd & Titak Inc. lifted 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 period. Rexford Capital Inc. acquired a new position in shares of Rockwell Automation during the 2nd quarter valued at $33,000. SBI Securities Co. Ltd. boosted its stake in Rockwell Automation by 48.7% during 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. Financial Gravity Companies Inc. acquired a new stake in Rockwell Automation in the second quarter worth $40,000. Finally, Sachetta LLC increased its stake in Rockwell Automation by 900.0% in the third quarter. Sachetta LLC now owns 120 shares of the industrial products company’s stock valued at $42,000 after purchasing an additional 108 shares in the last quarter. Institutional investors own 75.75% of the company’s stock.

Insider Activity at Rockwell Automation

In other Rockwell Automation news, SVP Matheus De A. G. Viera Bulho sold 476 shares of the business’s stock in a transaction on Wednesday, December 10th. The stock was sold at an average price of $402.02, for a total value 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. The trade was a 16.55% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Isaac Woods sold 229 shares of the business’s stock in a transaction dated Wednesday, December 10th. The shares were sold at an average price of $401.92, for a total transaction of $92,039.68. Following the completion of the transaction, the vice president owned 2,058 shares in the company, valued at approximately $827,151.36. The trade was a 10.01% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 87,231 shares of company stock valued at $34,418,889 in the last ninety days. Insiders own 0.76% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently commented on ROK. Rothschild & Co Redburn raised their target price on Rockwell Automation from $335.00 to $365.00 and gave the company a “neutral” rating in a research note on Wednesday, January 21st. Stephens boosted their price objective on Rockwell Automation from $425.00 to $475.00 and gave the company an “overweight” rating in a report on Friday, January 23rd. JPMorgan Chase & Co. increased their target price on Rockwell Automation from $400.00 to $404.00 and gave the stock a “neutral” rating in a report on Friday, January 16th. Oppenheimer downgraded shares of Rockwell Automation from an “outperform” rating to a “market perform” rating in a research report on Tuesday, January 20th. Finally, Jefferies Financial Group upped their price objective 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. Two research 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 target price of $410.12.

Rockwell Automation Stock Up 2.8%

ROK opened at $426.63 on Friday. Rockwell Automation, Inc. has a fifty-two week low of $215.00 and a fifty-two week high of $429.58. The firm has a market capitalization of $47.90 billion, a P/E ratio of 55.70, a PEG ratio of 2.91 and a beta of 1.52. The company’s 50-day moving average is $403.70 and its 200 day moving average is $369.70. 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 quarterly earnings data on Thursday, November 6th. The industrial products company reported $3.34 EPS for the quarter, beating 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 firm had revenue of $4.63 billion during the quarter, compared to analyst estimates of $2.19 billion. During the same quarter last year, the business 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. Research analysts expect that Rockwell Automation, Inc. will post 9.35 earnings per share for the current fiscal year.

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.