M&T Bank Corp Trims Stake in Rockwell Automation, Inc. $ROK

M&T Bank Corp cut its holdings in shares of Rockwell Automation, Inc. (NYSE:ROK) by 19.3% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 15,062 shares of the industrial products company’s stock after selling 3,593 shares during the quarter. M&T Bank Corp’s holdings in Rockwell Automation were worth $5,003,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of ROK. Vanguard Group Inc. increased its position in shares of Rockwell Automation by 1.5% during the second 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 last quarter. Geode Capital Management LLC boosted its position in shares of Rockwell Automation by 1.7% during the 2nd quarter. Geode Capital Management LLC now owns 2,874,428 shares of the industrial products company’s stock worth $950,744,000 after purchasing an additional 48,105 shares during the period. Goldman Sachs Group Inc. increased its holdings in Rockwell Automation by 11.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,819,379 shares of the industrial products company’s stock valued at $470,091,000 after purchasing an additional 191,370 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in Rockwell Automation by 0.6% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,579,956 shares of the industrial products company’s stock valued at $408,229,000 after purchasing an additional 9,920 shares during the period. Finally, Invesco Ltd. lifted its stake in Rockwell Automation by 2.2% during the first quarter. Invesco Ltd. now owns 1,448,160 shares of the industrial products company’s stock worth $374,176,000 after purchasing an additional 30,837 shares in the last quarter. 75.75% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, VP Isaac Woods sold 250 shares of the firm’s stock in a transaction that occurred on Thursday, September 11th. The stock was sold at an average price of $350.00, for a total transaction of $87,500.00. Following the transaction, the vice president owned 1,662 shares in the company, valued at $581,700. This trade represents a 13.08% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Blake D. Moret sold 61,700 shares of Rockwell Automation stock in a transaction on Thursday, November 6th. The shares were sold at an average price of $391.56, for a total transaction of $24,159,252.00. Following the completion of the transaction, the chief executive officer directly owned 83,873 shares in the company, valued at $32,841,311.88. The trade was a 42.38% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 87,275 shares of company stock valued at $33,125,505. 0.68% of the stock is currently owned by insiders.

Analyst Ratings Changes

ROK has been the subject of a number of research reports. Wells Fargo & Company lifted their price objective on Rockwell Automation from $355.00 to $380.00 and gave the company an “equal weight” rating in a research note on Friday, November 7th. Morgan Stanley raised their target price on Rockwell Automation from $385.00 to $435.00 and gave the company an “overweight” rating in a report on Monday, November 10th. Robert W. Baird lifted their target price on Rockwell Automation from $392.00 to $402.00 and gave the company an “outperform” rating in a research report on Friday, November 21st. Bank of America boosted their price target on shares of Rockwell Automation from $410.00 to $430.00 and gave the stock a “buy” rating in a research note on Thursday, November 20th. Finally, Oppenheimer reissued an “outperform” rating and issued a $391.00 price objective on shares of Rockwell Automation in a research note on Friday, November 7th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $372.56.

Rockwell Automation Price Performance

Shares of ROK opened at $403.31 on Friday. The firm has a market capitalization of $45.28 billion, a price-to-earnings ratio of 52.65, a PEG ratio of 2.68 and a beta of 1.50. The firm’s fifty day simple moving average is $365.86 and its 200-day simple moving average is $346.71. Rockwell Automation, Inc. has a twelve month low of $215.00 and a twelve month high of $406.44. The company has a current ratio of 1.14, a quick ratio of 0.77 and a debt-to-equity ratio of 0.70.

Rockwell Automation (NYSE:ROK) last released its quarterly earnings data on Thursday, November 6th. The industrial products company reported $3.34 EPS for the quarter, beating analysts’ consensus estimates of $2.94 by $0.40. The business had revenue of $4.63 billion for the quarter, compared to the consensus estimate of $2.19 billion. Rockwell Automation had a return on equity of 32.69% and a net margin of 10.42%.The business’s revenue for the quarter was up 13.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.47 EPS. Rockwell Automation has set its FY 2026 guidance at 11.200-12.200 EPS. Equities analysts forecast that Rockwell Automation, Inc. will post 9.35 EPS for the current fiscal year.

Rockwell Automation Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders of record on Monday, November 17th will be paid a $1.38 dividend. This is a boost from Rockwell Automation’s previous quarterly dividend of $1.31. This represents a $5.52 annualized dividend and a yield of 1.4%. The ex-dividend date is Monday, November 17th. Rockwell Automation’s payout ratio is currently 72.06%.

Rockwell Automation Company Profile

Rockwell Automation, Inc provides industrial automation and digital transformation solutions in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. The company operates through three segments, Intelligent Devices, Software & Control, and Lifecycle Services. Its solutions include hardware and software products and services.