Alecta Tjanstepension Omsesidigt Sells 114,000 Shares of Rockwell Automation, Inc. $ROK

Alecta Tjanstepension Omsesidigt trimmed its stake in Rockwell Automation, Inc. (NYSE:ROK) by 12.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 776,875 shares of the industrial products company’s stock after selling 114,000 shares during the quarter. Rockwell Automation comprises about 1.2% of Alecta Tjanstepension Omsesidigt’s holdings, making the stock its 26th biggest position. Alecta Tjanstepension Omsesidigt owned 0.69% of Rockwell Automation worth $271,448,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ROK. Thurston Springer Miller Herd & Titak Inc. boosted its position in shares of Rockwell Automation by 468.8% during 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 stake in shares of Rockwell Automation in the 2nd quarter valued at about $33,000. Ameriflex Group Inc. increased its position in Rockwell Automation by 100.0% in the 3rd quarter. Ameriflex Group Inc. now owns 100 shares of the industrial products company’s stock valued at $35,000 after buying an additional 50 shares in the last quarter. SBI Securities Co. Ltd. raised its stake 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 buying an additional 38 shares during the period. Finally, Sachetta LLC raised its stake in Rockwell Automation by 900.0% during the 3rd quarter. Sachetta LLC now owns 120 shares of the industrial products company’s stock worth $42,000 after buying an additional 108 shares during the period. 75.75% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have commented on ROK. Morgan Stanley reissued an “overweight” rating and issued a $460.00 price objective on shares of Rockwell Automation in a research note on Sunday, February 8th. TD Cowen upped their target price on Rockwell Automation from $330.00 to $350.00 and gave the stock a “hold” rating in a research report on Friday, February 20th. The Goldman Sachs Group upgraded Rockwell Automation from a “sell” rating to a “neutral” rating and increased their target price for the stock from $329.00 to $448.00 in a report on Tuesday, December 16th. Argus raised shares of Rockwell Automation to a “strong-buy” rating in a research report on Friday, January 16th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Rockwell Automation from $400.00 to $404.00 and gave the company a “neutral” rating in a research note on Friday, January 16th. Two analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and eleven have issued a Hold rating to the stock. According to MarketBeat.com, Rockwell Automation presently has an average rating of “Moderate Buy” and an average price target of $418.33.

Insider Transactions at Rockwell Automation

In other Rockwell Automation news, SVP Christopher Nardecchia sold 14,465 shares of the stock in a transaction dated 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 sale, the senior vice president owned 14,232 shares in the company, valued at approximately $5,835,262.32. This trade represents a 50.41% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Rebecca W. House sold 12,100 shares of Rockwell Automation stock in a transaction that occurred on Wednesday, February 25th. The stock was sold at an average price of $404.27, for a total transaction of $4,891,667.00. Following the transaction, the senior vice president directly owned 12,200 shares in the company, valued at approximately $4,932,094. This represents a 49.79% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 49,228 shares of company stock worth $19,992,391. 0.76% of the stock is owned by insiders.

Rockwell Automation Stock Performance

Shares of Rockwell Automation stock opened at $355.10 on Thursday. Rockwell Automation, Inc. has a 52 week low of $215.00 and a 52 week high of $438.72. The company has a quick ratio of 0.80, a current ratio of 1.16 and a debt-to-equity ratio of 0.68. The business has a 50 day moving average price of $400.95 and a 200-day moving average price of $380.87. The company has a market cap of $39.90 billion, a PE ratio of 40.63, a price-to-earnings-growth ratio of 2.55 and a beta of 1.53.

Rockwell Automation (NYSE:ROK) last announced its earnings results on Thursday, February 5th. The industrial products company reported $2.75 earnings per share (EPS) for the quarter, beating 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 company had revenue of $2.11 billion for the quarter, compared to analysts’ expectations of $2.08 billion. During the same quarter in the previous year, the firm earned $1.83 earnings per share. Rockwell Automation’s quarterly revenue 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 earnings per share for the current fiscal year.

Rockwell Automation Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 10th. Stockholders of record on Monday, February 23rd were paid a $1.38 dividend. The ex-dividend date was Monday, February 23rd. This represents a $5.52 annualized dividend and a dividend yield of 1.6%. Rockwell Automation’s dividend payout ratio is presently 63.16%.

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.