B. Metzler seel. Sohn & Co. AG grew its holdings in Rockwell Automation, Inc. (NYSE:ROK – Free Report) by 44.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 28,306 shares of the industrial products company’s stock after acquiring an additional 8,773 shares during the period. B. Metzler seel. Sohn & Co. AG’s holdings in Rockwell Automation were worth $9,894,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Thurston Springer Miller Herd & Titak Inc. raised its holdings in shares of Rockwell Automation by 468.8% during the third 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 during the last quarter. Rexford Capital Inc. purchased a new stake in Rockwell Automation in the second quarter valued at $33,000. Ameriflex Group Inc. grew its position in 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 during the period. SBI Securities Co. Ltd. grew its position in Rockwell Automation by 48.7% during 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 during the period. Finally, Financial Gravity Companies Inc. purchased a new position in shares of Rockwell Automation during the 2nd quarter valued at about $40,000. Institutional investors and hedge funds own 75.75% of the company’s stock.
Wall Street Analyst Weigh In
ROK has been the subject of several analyst reports. Mizuho boosted their price objective on Rockwell Automation from $380.00 to $400.00 and gave the company a “neutral” rating in a report on Friday, February 6th. The Goldman Sachs Group upgraded Rockwell Automation from a “sell” rating to a “neutral” rating and lifted their price target for the company from $329.00 to $448.00 in a research report on Tuesday, December 16th. TD Cowen boosted their price target on Rockwell Automation from $330.00 to $350.00 and gave the company a “hold” rating in a report on Friday, February 20th. Barclays upped their price objective on Rockwell Automation from $435.00 to $450.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 7th. Finally, KeyCorp reaffirmed an “overweight” rating and set a $470.00 price objective on shares of Rockwell Automation in a research note on Friday, February 6th. Two investment analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $418.33.
Rockwell Automation Price Performance
NYSE:ROK opened at $369.88 on Monday. The company has a quick ratio of 0.80, a current ratio of 1.16 and a debt-to-equity ratio of 0.68. Rockwell Automation, Inc. has a 52 week low of $215.00 and a 52 week high of $438.72. The stock’s 50-day moving average price is $406.46 and its 200-day moving average price is $380.18. The stock has a market capitalization of $41.56 billion, a PE ratio of 42.32, a price-to-earnings-growth ratio of 2.64 and a beta of 1.53.
Rockwell Automation (NYSE:ROK – Get Free Report) last released its quarterly earnings results on Thursday, February 5th. The industrial products company reported $2.75 earnings per share for the quarter, topping analysts’ consensus estimates of $2.46 by $0.29. The company had revenue of $2.11 billion during the quarter, compared to analysts’ expectations of $2.08 billion. Rockwell Automation had a return on equity of 34.92% and a net margin of 11.56%.Rockwell Automation’s quarterly revenue was up 11.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.83 EPS. Rockwell Automation has set its FY 2026 guidance at 11.400-12.200 EPS. As a group, equities analysts expect that Rockwell Automation, Inc. will post 9.35 EPS for the current fiscal year.
Rockwell Automation Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 10th. Stockholders of record on Monday, February 23rd will be paid a dividend of $1.38 per share. This represents a $5.52 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend is Monday, February 23rd. Rockwell Automation’s dividend payout ratio is presently 63.16%.
Insider Activity
In related news, SVP Tessa M. Myers sold 1,985 shares of Rockwell Automation stock in a transaction on Wednesday, February 25th. The shares were sold at an average price of $409.37, for a total value of $812,599.45. Following the sale, the senior vice president owned 4,036 shares of the company’s stock, valued at approximately $1,652,217.32. This trade represents a 32.97% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Scott Genereux sold 17,407 shares of the business’s stock in a transaction on Wednesday, February 25th. The stock was sold at an average price of $404.61, for a total transaction of $7,043,046.27. Following the completion of the sale, the vice president directly owned 3,314 shares of the company’s stock, valued at approximately $1,340,877.54. The trade was a 84.01% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 62,840 shares of company stock worth $25,465,888. Insiders own 0.76% of the company’s stock.
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.
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