Rockwell Automation, Inc. $ROK Holdings Raised by HBK Sorce Advisory LLC

HBK Sorce Advisory LLC increased its stake in Rockwell Automation, Inc. (NYSE:ROK) by 88.8% during the third quarter, HoldingsChannel reports. The firm owned 3,692 shares of the industrial products company’s stock after acquiring an additional 1,737 shares during the period. HBK Sorce Advisory LLC’s holdings in Rockwell Automation were worth $1,300,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of ROK. Vanguard Group Inc. increased its position in shares of Rockwell Automation by 1.5% in the second quarter. Vanguard Group Inc. now owns 14,058,406 shares of the industrial products company’s stock worth $4,669,781,000 after acquiring an additional 207,448 shares in the last quarter. Geode Capital Management LLC grew its position in 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 in the last quarter. Goldman Sachs Group Inc. raised its stake in Rockwell Automation by 11.8% during 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 period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of Rockwell Automation by 1.0% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,170,010 shares of the industrial products company’s stock valued at $302,307,000 after purchasing an additional 11,849 shares in the last quarter. Finally, Norges Bank acquired a new stake in shares of Rockwell Automation in the second quarter worth $368,575,000. 75.75% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, SVP Cyril Perducat sold 804 shares of Rockwell Automation stock in a transaction that occurred on Wednesday, December 10th. The shares were sold at an average price of $402.05, for a total value of $323,248.20. Following the transaction, the senior vice president owned 5,858 shares of the company’s stock, valued at $2,355,208.90. This trade represents a 12.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Terry L. Riesterer sold 225 shares of the company’s stock in a transaction on Wednesday, December 10th. The stock was sold at an average price of $402.13, for a total transaction of $90,479.25. Following the sale, the vice president directly owned 2,034 shares of the company’s stock, valued at approximately $817,932.42. This represents a 9.96% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 87,253 shares of company stock valued at $34,405,319. Insiders own 0.76% of the company’s stock.

Rockwell Automation Stock Down 0.8%

Rockwell Automation stock opened at $396.47 on Tuesday. 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, Inc. has a 1-year low of $215.00 and a 1-year high of $415.89. The firm’s fifty day simple moving average is $384.25 and its 200-day simple moving average is $357.34. The company has a market capitalization of $44.51 billion, a P/E ratio of 51.76, a P/E/G ratio of 2.68 and a beta of 1.50.

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

Rockwell Automation Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 10th. Investors of record on Monday, November 17th were issued a $1.38 dividend. This is an increase from Rockwell Automation’s previous quarterly dividend of $1.31. The ex-dividend date was Monday, November 17th. This represents a $5.52 annualized dividend and a yield of 1.4%. Rockwell Automation’s dividend payout ratio is presently 72.06%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. The Goldman Sachs Group raised Rockwell Automation from a “sell” rating to a “neutral” rating and upped their price target for the company from $329.00 to $448.00 in a research report on Tuesday, December 16th. Oppenheimer restated an “outperform” rating and set a $391.00 price target on shares of Rockwell Automation in a report on Friday, November 7th. Morgan Stanley upped their price objective on shares of Rockwell Automation from $385.00 to $435.00 and gave the company an “overweight” rating in a research note on Monday, November 10th. Evercore ISI 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 target price for the company. Finally, TD Cowen upped their price target on shares of Rockwell Automation from $275.00 to $330.00 and gave the stock a “hold” rating in a research note on Tuesday, December 2nd. Two analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat.com, Rockwell Automation has a consensus rating of “Moderate Buy” and a consensus target price of $403.31.

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.