King Luther Capital Management Corp Sells 3,372 Shares of Rockwell Automation, Inc. $ROK

King Luther Capital Management Corp decreased its holdings in shares of Rockwell Automation, Inc. (NYSE:ROK) by 1.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 324,349 shares of the industrial products company’s stock after selling 3,372 shares during the quarter. King Luther Capital Management Corp owned about 0.29% of Rockwell Automation worth $113,370,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the business. Thurston Springer Miller Herd & Titak Inc. lifted its stake in shares of Rockwell Automation by 468.8% in the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 91 shares of the industrial products company’s stock valued at $32,000 after purchasing an additional 75 shares during the period. Rexford Capital Inc. acquired a new position in Rockwell Automation in the second quarter valued at about $33,000. SBI Securities Co. Ltd. boosted its holdings in Rockwell Automation by 48.7% during the second 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 last quarter. Financial Gravity Companies Inc. acquired a new position in shares of Rockwell Automation during the 2nd quarter worth about $40,000. Finally, Sachetta LLC raised its position in shares of Rockwell Automation by 900.0% in the 3rd quarter. Sachetta LLC now owns 120 shares of the industrial products company’s stock valued at $42,000 after acquiring an additional 108 shares during the period. 75.75% of the stock is currently owned by institutional investors and hedge funds.

Rockwell Automation Stock Up 2.1%

Shares of Rockwell Automation stock opened at $396.67 on Thursday. The firm has a market cap of $44.57 billion, a PE ratio of 45.39, a P/E/G ratio of 2.78 and a beta of 1.52. The business’s 50 day simple moving average is $407.30 and its 200 day simple moving average is $375.26. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.80 and a current ratio of 1.16. Rockwell Automation, Inc. has a 52-week low of $215.00 and a 52-week high of $438.72.

Rockwell Automation (NYSE:ROK) last issued its quarterly earnings results on Thursday, February 5th. The industrial products company reported $2.75 earnings per share for the quarter, topping the consensus estimate 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 analysts’ expectations of $2.08 billion. During the same period last year, the business earned $1.83 EPS. The business’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. On average, analysts predict that Rockwell Automation, Inc. will post 9.35 earnings per share for the current fiscal year.

Rockwell Automation Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 10th. Shareholders of record on Monday, February 23rd will be paid a $1.38 dividend. This represents a $5.52 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date is Monday, February 23rd. Rockwell Automation’s dividend payout ratio (DPR) is currently 63.16%.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Rockwell Automation in a research note on Monday, December 29th. JPMorgan Chase & Co. upped their price objective on shares of Rockwell Automation from $400.00 to $404.00 and gave the company a “neutral” rating in a research report on Friday, January 16th. Zacks Research lowered Rockwell Automation from a “strong-buy” rating to a “hold” rating in a report on Monday, January 12th. Citigroup increased their price target on Rockwell Automation from $439.00 to $466.00 and gave the stock a “buy” rating in a report on Monday, December 8th. Finally, Jefferies Financial Group boosted their price objective on Rockwell Automation from $450.00 to $470.00 and gave the company a “buy” rating in a research report on Wednesday, December 10th. Two research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and eleven have given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $417.22.

Insider Activity

In other news, CEO Blake D. Moret sold 5,564 shares of the stock in a transaction that occurred on Wednesday, December 10th. The stock was sold at an average price of $402.02, for a total value of $2,236,839.28. Following the completion of the sale, the chief executive officer owned 94,585 shares of the company’s stock, valued at approximately $38,025,061.70. This represents a 5.56% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Tessa M. Myers sold 1,020 shares of the business’s stock in a transaction 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 transaction, the senior vice president owned 6,021 shares in the company, valued at approximately $2,420,863.47. The trade was a 14.49% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 25,531 shares of company stock worth $10,259,637. Corporate insiders own 0.76% of the company’s stock.

Rockwell Automation Company 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.