Alliancebernstein L.P. Sells 143,988 Shares of Rockwell Automation, Inc. $ROK

Alliancebernstein L.P. cut its holdings in shares of Rockwell Automation, Inc. (NYSE:ROK) by 12.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,016,275 shares of the industrial products company’s stock after selling 143,988 shares during the quarter. Alliancebernstein L.P. owned approximately 0.91% of Rockwell Automation worth $355,219,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in 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 acquiring an additional 207,448 shares during the period. Invesco Ltd. boosted its holdings in shares of Rockwell Automation by 12.0% in the third quarter. Invesco Ltd. now owns 1,235,788 shares of the industrial products company’s stock worth $431,945,000 after acquiring an additional 132,637 shares during the period. Norges Bank purchased a new position in shares of Rockwell Automation in the second quarter valued at $368,575,000. Holocene Advisors LP grew its position in shares of Rockwell Automation by 128.9% in the second quarter. Holocene Advisors LP now owns 866,992 shares of the industrial products company’s stock valued at $287,989,000 after purchasing an additional 488,262 shares in the last quarter. Finally, Fisher Asset Management LLC raised its stake in shares of Rockwell Automation by 3.8% during the 3rd quarter. Fisher Asset Management LLC now owns 822,501 shares of the industrial products company’s stock valued at $287,489,000 after purchasing an additional 29,998 shares during the period. Institutional investors own 75.75% of the company’s stock.

Rockwell Automation Price Performance

ROK opened at $361.02 on Monday. The company has a current ratio of 1.16, a quick ratio of 0.80 and a debt-to-equity ratio of 0.68. The stock has a market capitalization of $40.56 billion, a P/E ratio of 41.31, a PEG ratio of 2.58 and a beta of 1.53. The stock has a 50-day moving average price of $403.96 and a 200-day moving average price of $380.85. Rockwell Automation, Inc. has a 12-month low of $215.00 and a 12-month high of $438.72.

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, beating analysts’ consensus estimates of $2.46 by $0.29. The company had revenue of $2.11 billion for 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 revenue for the quarter was up 11.9% compared to the same quarter last year. During the same period last year, the firm posted $1.83 EPS. Rockwell Automation has set its FY 2026 guidance at 11.400-12.200 EPS. Equities analysts predict that Rockwell Automation, Inc. will post 9.35 earnings per share for the current fiscal year.

Rockwell Automation Dividend Announcement

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

Analyst Upgrades and Downgrades

ROK has been the subject of several analyst reports. Robert W. Baird set a $430.00 target price on Rockwell Automation in a research note on Friday, February 6th. TD Cowen upped their price target on Rockwell Automation from $330.00 to $350.00 and gave the company a “hold” rating in a research report on Friday, February 20th. Mizuho increased their price target on shares of Rockwell Automation from $380.00 to $400.00 and gave the stock a “neutral” rating in a report on Friday, February 6th. Evercore assumed coverage on shares of Rockwell Automation in a research note on Monday, December 15th. They set an “in-line” rating and a $440.00 price objective for the company. Finally, Zacks Research lowered shares of Rockwell Automation from a “strong-buy” rating to a “hold” rating in a report on Monday, January 12th. Two 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. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $418.33.

Insider Transactions at Rockwell Automation

In other news, SVP Rebecca W. House sold 12,100 shares of the company’s stock in a transaction on Wednesday, February 25th. The shares were sold at an average price of $404.27, for a total value of $4,891,667.00. Following the completion of the sale, the senior vice president owned 12,200 shares of the company’s stock, valued at approximately $4,932,094. This represents a 49.79% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Matthew W. Fordenwalt sold 1,200 shares of the company’s stock in a transaction dated Wednesday, February 25th. The shares were sold at an average price of $404.21, for a total transaction of $485,052.00. Following the sale, the senior vice president owned 4,437 shares of the company’s stock, valued at approximately $1,793,479.77. The trade was a 21.29% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 49,228 shares of company stock worth $19,992,391. Corporate 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.