Russell Investments Group Ltd. Has $25.30 Million Position in Rockwell Automation, Inc. $ROK

Russell Investments Group Ltd. increased its position in shares of Rockwell Automation, Inc. (NYSE:ROK) by 86.8% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 72,560 shares of the industrial products company’s stock after buying an additional 33,715 shares during the quarter. Russell Investments Group Ltd.’s holdings in Rockwell Automation were worth $25,297,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. boosted its position in Rockwell Automation by 1.5% during the 2nd 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 during the last quarter. Geode Capital Management LLC grew its stake 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 acquiring an additional 48,105 shares in the last quarter. Norges Bank acquired a new stake in shares of Rockwell Automation in the second quarter valued at approximately $368,575,000. Holocene Advisors LP lifted its position in shares of Rockwell Automation by 128.9% in the second quarter. Holocene Advisors LP now owns 866,992 shares of the industrial products company’s stock worth $287,989,000 after purchasing an additional 488,262 shares in the last quarter. Finally, Fisher Asset Management LLC lifted its position in shares of Rockwell Automation by 3.8% in the third quarter. Fisher Asset Management LLC now owns 822,501 shares of the industrial products company’s stock worth $287,489,000 after purchasing an additional 29,998 shares in the last quarter. Institutional investors and hedge funds own 75.75% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Rothschild & Co Redburn raised their target price on shares of Rockwell Automation from $335.00 to $365.00 and gave the company a “neutral” rating in a research report on Wednesday, January 21st. 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 research report on Monday, December 8th. JPMorgan Chase & Co. increased their price objective on shares of Rockwell Automation from $400.00 to $404.00 and gave the stock a “neutral” rating in a research note on Friday, January 16th. Mizuho raised their price objective on Rockwell Automation from $380.00 to $400.00 and gave the company a “neutral” rating in a report on Friday, February 6th. Finally, KeyCorp reaffirmed an “overweight” rating and issued a $470.00 target price on shares of Rockwell Automation in a research report on Friday, February 6th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and eleven have issued a Hold rating to the stock. Based on data from MarketBeat, Rockwell Automation has an average rating of “Moderate Buy” and a consensus price target of $418.33.

Insider Buying and Selling at Rockwell Automation

In related news, SVP Matthew W. Fordenwalt sold 1,200 shares of the company’s stock in a transaction dated Wednesday, February 25th. The shares were sold at an average price of $404.21, for a total value of $485,052.00. Following the transaction, the senior vice president owned 4,437 shares in the company, valued at approximately $1,793,479.77. This represents a 21.29% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Rebecca W. House sold 12,100 shares of the stock in a transaction dated Wednesday, February 25th. The shares were sold at an average price of $404.27, for a total transaction of $4,891,667.00. Following the completion of the transaction, the senior vice president directly owned 12,200 shares in the company, valued at approximately $4,932,094. This represents a 49.79% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 49,228 shares of company stock worth $19,992,391 in the last ninety days. Insiders own 0.76% of the company’s stock.

Rockwell Automation Stock Down 4.1%

ROK stock opened at $358.06 on Friday. Rockwell Automation, Inc. has a 1-year low of $215.00 and a 1-year high of $438.72. The business’s 50 day simple moving average is $404.70 and its 200 day simple moving average is $380.39. 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 firm has a market capitalization of $40.23 billion, a PE ratio of 40.97, a PEG ratio of 2.67 and a beta of 1.53.

Rockwell Automation (NYSE:ROK) last announced its quarterly earnings results on Thursday, February 5th. The industrial products company reported $2.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.46 by $0.29. Rockwell Automation had a return on equity of 34.92% and a net margin of 11.56%.The business had revenue of $2.11 billion during the quarter, compared to the consensus estimate of $2.08 billion. During the same quarter last year, the firm posted $1.83 EPS. The company’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. As a group, research analysts anticipate that Rockwell Automation, Inc. will post 9.35 EPS for the current year.

Rockwell Automation Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 10th. Stockholders of record on Monday, February 23rd were paid a dividend of $1.38 per share. This represents a $5.52 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date was Monday, February 23rd. Rockwell Automation’s dividend payout ratio (DPR) is currently 63.16%.

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.