Assenagon Asset Management S.A. Has $142.77 Million Stock Holdings in Rockwell Automation, Inc. $ROK

Assenagon Asset Management S.A. grew its position in shares of Rockwell Automation, Inc. (NYSE:ROK) by 56.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 366,963 shares of the industrial products company’s stock after buying an additional 131,656 shares during the period. Assenagon Asset Management S.A. owned approximately 0.33% of Rockwell Automation worth $142,774,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. raised its stake in 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. acquired a new position in shares of Rockwell Automation during the 2nd quarter worth approximately $33,000. Ameriflex Group Inc. grew its position in shares of Rockwell Automation by 100.0% during the 3rd quarter. Ameriflex Group Inc. now owns 100 shares of the industrial products company’s stock worth $35,000 after purchasing an additional 50 shares in the last quarter. Sachetta LLC increased its holdings in shares of Rockwell Automation by 900.0% during the third quarter. Sachetta LLC now owns 120 shares of the industrial products company’s stock worth $42,000 after purchasing an additional 108 shares during the period. Finally, Dynamic Wealth Strategies LLC acquired a new stake in shares of Rockwell Automation in the second quarter valued at approximately $46,000. Institutional investors and hedge funds own 75.75% of the company’s stock.

Insider Transactions at Rockwell Automation

In other news, VP Scott Genereux sold 17,407 shares of the company’s stock in a transaction on Wednesday, February 25th. The shares were sold at an average price of $404.61, for a total transaction of $7,043,046.27. Following the completion of the transaction, the vice president directly owned 3,314 shares in the company, valued at approximately $1,340,877.54. This represents a 84.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Christopher Nardecchia sold 14,465 shares of the stock in a transaction on Thursday, February 26th. The shares were sold at an average price of $410.01, for a total value of $5,930,794.65. Following the completion of the transaction, the senior vice president owned 14,232 shares of the company’s stock, valued at $5,835,262.32. The trade was a 50.41% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 49,228 shares of company stock valued at $19,992,391. Corporate insiders own 0.76% of the company’s stock.

Rockwell Automation Trading Up 0.8%

Shares of ROK opened at $357.82 on Tuesday. Rockwell Automation, Inc. has a 52-week low of $215.00 and a 52-week high of $438.72. The business’s fifty day moving average is $397.74 and its 200-day moving average is $381.48. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.80 and a current ratio of 1.16. The firm has a market cap of $40.20 billion, a price-to-earnings ratio of 40.94, a PEG ratio of 2.54 and a beta of 1.53.

Rockwell Automation (NYSE:ROK) last announced its quarterly earnings data on Thursday, February 5th. The industrial products company reported $2.75 earnings per share for the quarter, topping the consensus estimate of $2.46 by $0.29. Rockwell Automation had a return on equity of 34.92% and a net margin of 11.56%.The business had revenue of $2.11 billion during the quarter, compared to the consensus estimate of $2.08 billion. During the same period in the prior year, the company earned $1.83 EPS. Rockwell Automation’s revenue for the quarter was up 11.9% on a year-over-year basis. Rockwell Automation has set its FY 2026 guidance at 11.400-12.200 EPS. Equities analysts anticipate that Rockwell Automation, Inc. will post 9.35 EPS for the current fiscal year.

Rockwell Automation Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 10th. Investors of record on Monday, February 23rd were paid a $1.38 dividend. The ex-dividend date of this dividend was Monday, February 23rd. This represents a $5.52 annualized dividend and a yield of 1.5%. Rockwell Automation’s dividend payout ratio is presently 63.16%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on ROK. Oppenheimer downgraded Rockwell Automation from an “outperform” rating to a “market perform” rating in a research report on Tuesday, January 20th. Weiss Ratings cut Rockwell Automation from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, March 10th. Evercore initiated coverage on Rockwell Automation in a research report on Monday, December 15th. They set an “in-line” rating and a $440.00 target price for the company. Rothschild & Co Redburn raised their price target on Rockwell Automation from $335.00 to $365.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 21st. Finally, Wells Fargo & Company boosted their price target on Rockwell Automation from $380.00 to $410.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 7th. Two investment analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and eleven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $418.33.

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.