State Street Corp Raises Holdings in Rockwell Automation, Inc. $ROK

State Street Corp boosted its stake in shares of Rockwell Automation, Inc. (NYSE:ROK) by 0.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,750,616 shares of the industrial products company’s stock after acquiring an additional 5,689 shares during the quarter. State Street Corp’s holdings in Rockwell Automation were worth $1,578,012,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. SBI Securities Co. Ltd. grew its stake in shares of 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. Legend Financial Advisors Inc. purchased a new stake in Rockwell Automation during the second quarter worth $39,000. Financial Gravity Companies Inc. acquired a new stake in Rockwell Automation during the second quarter valued at $40,000. Dynamic Wealth Strategies LLC purchased a new position in Rockwell Automation in the second quarter valued at $46,000. Finally, AdvisorShares Investments LLC acquired a new position in shares of Rockwell Automation in the second quarter worth about $50,000. 75.75% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ROK has been the topic of a number of analyst reports. TD Cowen raised their target price on Rockwell Automation from $275.00 to $330.00 and gave the company a “hold” rating in a research report on Tuesday, December 2nd. Wells Fargo & Company raised their price objective on Rockwell Automation from $355.00 to $380.00 and gave the company an “equal weight” rating in a report on Friday, November 7th. Jefferies Financial Group upped their target price on Rockwell Automation from $450.00 to $470.00 and gave the stock a “buy” rating in a research note on Wednesday. Wall Street Zen upgraded Rockwell Automation from a “hold” rating to a “buy” rating in a research report on Sunday, September 21st. Finally, Citigroup boosted their price target on shares of Rockwell Automation from $439.00 to $466.00 and gave the stock a “buy” rating in a report on Monday. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $390.33.

Rockwell Automation Stock Performance

Shares of NYSE:ROK opened at $410.09 on Thursday. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.14 and a quick ratio of 0.77. Rockwell Automation, Inc. has a 1 year low of $215.00 and a 1 year high of $413.04. The firm has a market capitalization of $46.04 billion, a PE ratio of 53.54, a P/E/G ratio of 2.69 and a beta of 1.50. The business’s 50 day moving average price is $370.46 and its 200-day moving average price is $349.75.

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

Rockwell Automation Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 10th. Stockholders of record on Monday, November 17th were paid a $1.38 dividend. This is an increase from Rockwell Automation’s previous quarterly dividend of $1.31. This represents a $5.52 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend was Monday, November 17th. Rockwell Automation’s payout ratio is 72.06%.

Insider Activity

In related news, CEO Blake D. Moret sold 61,700 shares of the company’s stock in a transaction dated 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 sale, the chief executive officer owned 83,873 shares of the company’s stock, valued at approximately $32,841,311.88. This represents a 42.38% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Tessa M. Myers sold 1,020 shares of the firm’s stock in a transaction that occurred on Wednesday, December 10th. The stock was sold at an average price of $402.07, for a total transaction of $410,111.40. Following the completion of the transaction, the senior vice president directly owned 6,021 shares in the company, valued at $2,420,863.47. This trade represents a 14.49% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 87,253 shares of company stock valued at $34,405,319 in the last ninety days. 0.68% of the stock is currently owned by corporate insiders.

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.