Maridea Wealth Management LLC Buys 4,710 Shares of Rockwell Automation, Inc. $ROK

Maridea Wealth Management LLC boosted its stake in Rockwell Automation, Inc. (NYSE:ROK) by 580.0% during the 4th quarter, Holdings Channel reports. The firm owned 5,522 shares of the industrial products company’s stock after buying an additional 4,710 shares during the quarter. Maridea Wealth Management LLC’s holdings in Rockwell Automation were worth $2,148,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in ROK. Thurston Springer Miller Herd & Titak Inc. increased its holdings in shares of Rockwell Automation by 468.8% in the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 91 shares of the industrial products company’s stock worth $32,000 after purchasing an additional 75 shares during the last quarter. Rexford Capital Inc. bought a new position in Rockwell Automation during the second quarter valued at approximately $33,000. Ameriflex Group Inc. grew its holdings in Rockwell Automation by 100.0% during the 3rd quarter. Ameriflex Group Inc. now owns 100 shares of the industrial products company’s stock valued at $35,000 after buying an additional 50 shares in the last quarter. Sachetta LLC grew its holdings in Rockwell Automation by 900.0% during the 3rd quarter. Sachetta LLC now owns 120 shares of the industrial products company’s stock valued at $42,000 after buying an additional 108 shares in the last quarter. Finally, Dynamic Wealth Strategies LLC bought a new stake in Rockwell Automation in the 2nd quarter worth approximately $46,000. Institutional investors own 75.75% of the company’s stock.

Insider Activity

In other Rockwell Automation news, SVP Tessa M. Myers sold 1,985 shares of the firm’s stock in a transaction dated Wednesday, February 25th. The shares were sold at an average price of $409.37, for a total value of $812,599.45. Following the completion of the sale, the senior vice president owned 4,036 shares of the company’s stock, valued at $1,652,217.32. This trade represents a 32.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Scott Genereux sold 17,407 shares of the business’s stock in a transaction that occurred on Wednesday, February 25th. The shares were sold at an average price of $404.61, for a total value of $7,043,046.27. Following the transaction, the vice president owned 3,314 shares of the company’s stock, valued at $1,340,877.54. This trade represents a 84.01% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 49,228 shares of company stock worth $19,992,391 in the last 90 days. Company insiders own 0.76% of the company’s stock.

Rockwell Automation Stock Performance

NYSE ROK opened at $355.02 on Friday. The business’s 50 day moving average price is $398.87 and its 200-day moving average price is $381.07. Rockwell Automation, Inc. has a fifty-two week low of $215.00 and a fifty-two week high of $438.72. The company has a market cap of $39.89 billion, a P/E ratio of 40.62, a P/E/G ratio of 2.54 and a beta of 1.53. 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 (NYSE:ROK) last issued its quarterly earnings results on Thursday, February 5th. The industrial products company reported $2.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.46 by $0.29. The company had revenue of $2.11 billion during the quarter, compared to the consensus estimate of $2.08 billion. Rockwell Automation had a return on equity of 34.92% and a net margin of 11.56%.Rockwell Automation’s revenue was up 11.9% on a year-over-year basis. During the same period last year, the company earned $1.83 earnings per share. Rockwell Automation has set its FY 2026 guidance at 11.400-12.200 EPS. Sell-side analysts predict that Rockwell Automation, Inc. will post 9.35 earnings per share for the current year.

Rockwell Automation Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 10th. Stockholders of record on Monday, February 23rd were issued a $1.38 dividend. This represents a $5.52 annualized dividend and a dividend yield of 1.6%. The ex-dividend date was Monday, February 23rd. Rockwell Automation’s dividend payout ratio (DPR) is 63.16%.

Analysts Set New Price Targets

A number of research analysts have recently commented on ROK shares. KeyCorp reiterated an “overweight” rating and set a $470.00 target price on shares of Rockwell Automation in a research report on Friday, February 6th. Stephens boosted their price target on shares of Rockwell Automation from $425.00 to $475.00 and gave the stock an “overweight” rating in a research report on Friday, January 23rd. Weiss Ratings downgraded shares of Rockwell Automation from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, March 10th. Citigroup increased their price objective on shares of Rockwell Automation from $439.00 to $466.00 and gave the company a “buy” rating in a research report on Monday, December 8th. Finally, Morgan Stanley reissued an “overweight” rating and issued a $460.00 price objective on shares of Rockwell Automation in a research note on Sunday, February 8th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and eleven have given a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $418.33.

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.