Chevy Chase Trust Holdings LLC Has $20.27 Million Holdings in Rockwell Automation, Inc. $ROK

Chevy Chase Trust Holdings LLC trimmed its position in Rockwell Automation, Inc. (NYSE:ROK) by 3.5% in the third quarter, according to its most recent filing with the SEC. The fund owned 57,986 shares of the industrial products company’s stock after selling 2,109 shares during the period. Chevy Chase Trust Holdings LLC’s holdings in Rockwell Automation were worth $20,268,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Clark Capital Management Group Inc. grew its position in Rockwell Automation by 7.6% during the 3rd quarter. Clark Capital Management Group Inc. now owns 824 shares of the industrial products company’s stock worth $288,000 after acquiring an additional 58 shares during the last quarter. Banco Bilbao Vizcaya Argentaria S.A. raised its position in Rockwell Automation by 37.2% in the third quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 3,292 shares of the industrial products company’s stock valued at $1,151,000 after purchasing an additional 893 shares during the last quarter. California Public Employees Retirement System boosted its stake in shares of Rockwell Automation by 6.4% during the third quarter. California Public Employees Retirement System now owns 198,888 shares of the industrial products company’s stock valued at $69,517,000 after purchasing an additional 11,883 shares in the last quarter. Bank of Nova Scotia boosted its stake in shares of Rockwell Automation by 17.1% during the third quarter. Bank of Nova Scotia now owns 13,853 shares of the industrial products company’s stock valued at $4,842,000 after purchasing an additional 2,026 shares in the last quarter. Finally, Ameriprise Financial Inc. grew its holdings in shares of Rockwell Automation by 8.1% during the third quarter. Ameriprise Financial Inc. now owns 170,391 shares of the industrial products company’s stock worth $59,557,000 after purchasing an additional 12,714 shares during the last quarter. Institutional investors and hedge funds own 75.75% of the company’s stock.

Insider Buying and Selling at Rockwell Automation

In related news, VP Isaac Woods sold 1,271 shares of the business’s stock in a transaction on Wednesday, February 25th. The shares were sold at an average price of $405.69, for a total value of $515,631.99. Following the transaction, the vice president owned 1,687 shares in the company, valued at $684,399.03. The trade was a 42.97% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Scott Genereux sold 17,407 shares of the company’s stock in a transaction on Wednesday, February 25th. The shares were sold at an average price of $404.61, for a total transaction of $7,043,046.27. Following the sale, the vice president directly owned 3,314 shares in the company, valued at $1,340,877.54. This trade represents a 84.01% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 49,228 shares of company stock valued at $19,992,391 over the last three months. 0.76% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Citigroup upped their price objective on Rockwell Automation from $439.00 to $466.00 and gave the company a “buy” rating in a research note on Monday, December 8th. Barclays lifted their target price on shares of Rockwell Automation from $435.00 to $450.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 7th. TD Cowen boosted their target price on shares of Rockwell Automation from $330.00 to $350.00 and gave the stock a “hold” rating in a report on Friday, February 20th. Rothschild & Co Redburn upped their price target 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. Finally, Oppenheimer downgraded shares of Rockwell Automation from an “outperform” rating to a “market perform” rating in a research note on Tuesday, January 20th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and eleven have given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $418.33.

Rockwell Automation Price Performance

Rockwell Automation stock opened at $363.98 on Tuesday. The stock’s 50 day moving average is $403.14 and its 200 day moving average is $380.95. Rockwell Automation, Inc. has a one year low of $215.00 and a one year high of $438.72. The firm has a market cap of $40.90 billion, a P/E ratio of 41.65, a P/E/G ratio of 2.58 and a beta of 1.53. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.16 and a quick ratio of 0.80.

Rockwell Automation (NYSE:ROK) last released its earnings results on Thursday, February 5th. The industrial products company reported $2.75 earnings per share for the quarter, beating analysts’ consensus estimates of $2.46 by $0.29. The business had revenue of $2.11 billion during the quarter, compared to the consensus estimate of $2.08 billion. Rockwell Automation had a net margin of 11.56% and a return on equity of 34.92%. The company’s revenue for the quarter was up 11.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.83 EPS. Rockwell Automation has set its FY 2026 guidance at 11.400-12.200 EPS. As a group, research analysts expect that Rockwell Automation, Inc. will post 9.35 EPS for the current year.

Rockwell Automation Announces Dividend

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

About Rockwell Automation

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.