CWA Asset Management Group LLC purchased a new stake in Rockwell Automation, Inc. (NYSE:ROK – Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 7,359 shares of the industrial products company’s stock, valued at approximately $2,863,000.
Other hedge funds have also recently bought and sold shares of the company. Thurston Springer Miller Herd & Titak Inc. lifted 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 valued at $32,000 after acquiring an additional 75 shares during the period. Rexford Capital Inc. bought a new stake in shares of Rockwell Automation in the 2nd quarter worth about $33,000. Ameriflex Group Inc. increased 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 lifted its holdings in Rockwell Automation by 900.0% during the 3rd quarter. Sachetta LLC now owns 120 shares of the industrial products company’s stock valued at $42,000 after purchasing an additional 108 shares during the last quarter. Finally, Dynamic Wealth Strategies LLC bought a new position in Rockwell Automation during the 2nd quarter valued at about $46,000. 75.75% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several analysts have weighed in on the stock. Morgan Stanley reaffirmed an “overweight” rating and set a $460.00 price objective on shares of Rockwell Automation in a research note on Sunday, February 8th. The Goldman Sachs Group upgraded shares of Rockwell Automation from a “sell” rating to a “neutral” rating and lifted their target price for the company from $329.00 to $448.00 in a research note on Tuesday, December 16th. Rothschild & Co Redburn boosted their target price on Rockwell Automation from $335.00 to $365.00 and gave the stock a “neutral” rating in a report on Wednesday, January 21st. JPMorgan Chase & Co. increased their price target on Rockwell Automation from $400.00 to $404.00 and gave the stock a “neutral” rating in a research report on Friday, January 16th. Finally, Zacks Research cut Rockwell Automation from a “strong-buy” rating to a “hold” rating in a report on Monday, January 12th. Two research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and eleven have given a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $418.33.
Insider Activity
In other news, SVP Tessa M. Myers sold 1,985 shares of the business’s stock in a transaction on Wednesday, February 25th. The stock was sold at an average price of $409.37, for a total transaction of $812,599.45. Following the completion of the sale, the senior vice president owned 4,036 shares in the company, valued at $1,652,217.32. The trade was a 32.97% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, 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 transaction, the senior vice president directly owned 12,200 shares in the company, valued at $4,932,094. This trade represents a 49.79% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In 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 company insiders.
Rockwell Automation Trading Down 0.2%
ROK opened at $355.02 on Friday. 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 $39.89 billion, a PE ratio of 40.62, a PEG ratio of 2.54 and a beta of 1.53. Rockwell Automation, Inc. has a 1-year low of $215.00 and a 1-year high of $438.72. The firm has a 50-day moving average price of $398.87 and a two-hundred day moving average price of $381.07.
Rockwell Automation (NYSE:ROK – Get Free Report) last announced its 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. Rockwell Automation had a net margin of 11.56% and a return on equity of 34.92%. The company had revenue of $2.11 billion during the quarter, compared to the consensus estimate of $2.08 billion. During the same period in the previous year, the firm posted $1.83 earnings per share. The company’s 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. As a group, equities analysts anticipate that Rockwell Automation, Inc. will post 9.35 earnings per share for the current fiscal year.
Rockwell Automation Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 10th. Investors of record on Monday, February 23rd were given a $1.38 dividend. This represents a $5.52 annualized dividend and a yield of 1.6%. The ex-dividend date was Monday, February 23rd. Rockwell Automation’s payout ratio is 63.16%.
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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