US Bancorp DE Reduces Stock Holdings in Rockwell Automation, Inc. $ROK

US Bancorp DE lowered its position in Rockwell Automation, Inc. (NYSE:ROK) by 2.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 72,649 shares of the industrial products company’s stock after selling 2,022 shares during the quarter. US Bancorp DE owned about 0.06% of Rockwell Automation worth $28,266,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. First Horizon Corp purchased a new position in Rockwell Automation during the fourth quarter worth about $32,000. Fortitude Family Office LLC boosted its stake in Rockwell Automation by 109.5% during the fourth quarter. Fortitude Family Office LLC now owns 88 shares of the industrial products company’s stock worth $34,000 after buying an additional 46 shares during the period. Ameriflex Group Inc. boosted its stake in Rockwell Automation by 100.0% during the third quarter. Ameriflex Group Inc. now owns 100 shares of the industrial products company’s stock worth $35,000 after buying an additional 50 shares during the period. Sachetta LLC boosted its stake in Rockwell Automation by 900.0% during the third quarter. Sachetta LLC now owns 120 shares of the industrial products company’s stock worth $42,000 after buying an additional 108 shares during the period. Finally, Steigerwald Gordon & Koch Inc. purchased a new position in Rockwell Automation during the third quarter worth about $47,000. Hedge funds and other institutional investors own 75.75% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. The Goldman Sachs Group lowered their target price on shares of Rockwell Automation from $458.00 to $448.00 and set a “neutral” rating for the company in a research note on Tuesday, April 7th. TD Cowen increased their target price on shares of Rockwell Automation from $330.00 to $350.00 and gave the stock a “hold” rating in a research note on Friday, February 20th. Wall Street Zen lowered shares of Rockwell Automation from a “buy” rating to a “hold” rating in a research note on Saturday. Stephens increased their target price on shares of Rockwell Automation from $425.00 to $475.00 and gave the stock an “overweight” rating in a research note on Friday, January 23rd. Finally, Jefferies Financial Group reaffirmed a “hold” rating and set a $380.00 target price (down from $490.00) on shares of Rockwell Automation in a research note on Tuesday, March 31st. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and eleven have given a Hold rating to the company. According to data from MarketBeat, Rockwell Automation has an average rating of “Moderate Buy” and an average target price of $406.67.

Insider Buying and Selling at Rockwell Automation

In other news, SVP Christopher Nardecchia sold 14,465 shares of the stock in a transaction dated Thursday, February 26th. The shares were sold at an average price of $410.01, for a total transaction of $5,930,794.65. Following the sale, the senior vice president owned 14,232 shares of the company’s stock, valued at approximately $5,835,262.32. This represents a 50.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Matthew W. Fordenwalt sold 1,200 shares of the stock in a transaction dated Monday, April 13th. The stock was sold at an average price of $400.00, for a total transaction of $480,000.00. Following the sale, the senior vice president directly owned 4,437 shares in the company, valued at $1,774,800. This represents a 21.29% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 51,375 shares of company stock valued at $20,828,717. Corporate insiders own 0.76% of the company’s stock.

Rockwell Automation Stock Down 0.1%

Shares of ROK opened at $408.35 on Friday. The stock has a market capitalization of $45.88 billion, a PE ratio of 46.72, a P/E/G ratio of 2.92 and a beta of 1.56. Rockwell Automation, Inc. has a 1 year low of $250.32 and a 1 year high of $438.72. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.80 and a current ratio of 1.16. The company’s 50-day simple moving average is $383.62 and its 200-day simple moving average is $389.23.

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 the consensus estimate of $2.46 by $0.29. The business had revenue of $2.11 billion for the quarter, compared to analysts’ expectations of $2.08 billion. Rockwell Automation had a net margin of 11.56% and a return on equity of 34.92%. The business’s quarterly revenue was up 11.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.83 earnings per share. Rockwell Automation has set its FY 2026 guidance at 11.400-12.200 EPS. Analysts forecast that Rockwell Automation, Inc. will post 12.14 earnings per share for the current fiscal year.

Rockwell Automation Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Monday, May 18th will be given a dividend of $1.38 per share. This represents a $5.52 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend is Monday, May 18th. Rockwell Automation’s dividend payout ratio 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.