Handelsbanken Fonder AB Boosts Stock Position in Rockwell Automation, Inc. $ROK

Handelsbanken Fonder AB lifted its holdings in Rockwell Automation, Inc. (NYSE:ROK) by 24.6% in the fourth quarter, HoldingsChannel reports. The firm owned 169,457 shares of the industrial products company’s stock after purchasing an additional 33,413 shares during the quarter. Handelsbanken Fonder AB’s holdings in Rockwell Automation were worth $65,931,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. First Horizon Corp purchased a new position in shares of Rockwell Automation in the fourth quarter valued at $32,000. Fortitude Family Office LLC grew its holdings in shares of Rockwell Automation by 109.5% in the fourth quarter. Fortitude Family Office LLC now owns 88 shares of the industrial products company’s stock valued at $34,000 after purchasing an additional 46 shares in the last quarter. Ameriflex Group Inc. grew its holdings in shares of Rockwell Automation by 100.0% in the third quarter. Ameriflex Group Inc. now owns 100 shares of the industrial products company’s stock valued at $35,000 after purchasing an additional 50 shares in the last quarter. Dynamic Wealth Strategies LLC grew its holdings in shares of Rockwell Automation by 80.7% in the fourth quarter. Dynamic Wealth Strategies LLC now owns 103 shares of the industrial products company’s stock valued at $40,000 after purchasing an additional 46 shares in the last quarter. Finally, Laurel Wealth Advisors LLC purchased a new position in shares of Rockwell Automation in the fourth quarter valued at $55,000. 75.75% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on ROK. Citigroup raised their target price on shares of Rockwell Automation from $466.00 to $500.00 and gave the company a “buy” rating in a report on Wednesday, May 6th. Wall Street Zen lowered shares of Rockwell Automation from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. Robert W. Baird cut their target price on shares of Rockwell Automation from $435.00 to $410.00 and set an “outperform” rating for the company in a report on Monday, March 30th. JPMorgan Chase & Co. raised their target price on shares of Rockwell Automation from $404.00 to $417.00 and gave the company a “neutral” rating in a report on Wednesday, May 6th. Finally, BNP Paribas Exane raised their target price on shares of Rockwell Automation from $495.00 to $515.00 in a report on Wednesday, May 6th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $449.16.

Insider Transactions at Rockwell Automation

In related news, SVP Tessa M. Myers sold 1,985 shares of the business’s stock in a transaction that occurred on Wednesday, February 25th. The shares were sold at an average price of $409.37, for a total transaction of $812,599.45. Following the completion of the transaction, the senior vice president owned 4,036 shares of the company’s stock, valued at approximately $1,652,217.32. The trade was a 32.97% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Terry L. Riesterer sold 4,024 shares of the business’s stock in a transaction that occurred on Thursday, May 7th. The shares were sold at an average price of $451.97, for a total transaction of $1,818,727.28. Following the transaction, the vice president directly owned 134 shares of the company’s stock, valued at approximately $60,563.98. This represents a 96.78% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 59,087 shares of company stock valued at $24,296,483. 0.76% of the stock is currently owned by insiders.

Rockwell Automation Price Performance

ROK opened at $436.09 on Tuesday. The company has a market capitalization of $48.52 billion, a price-to-earnings ratio of 45.33, a PEG ratio of 2.87 and a beta of 1.56. The company has a quick ratio of 0.76, a current ratio of 1.09 and a debt-to-equity ratio of 0.72. The firm has a 50-day moving average price of $394.09 and a 200-day moving average price of $396.71. Rockwell Automation, Inc. has a twelve month low of $298.70 and a twelve month high of $463.48.

Rockwell Automation (NYSE:ROK) last posted its earnings results on Tuesday, May 5th. The industrial products company reported $3.30 earnings per share for the quarter, topping the consensus estimate of $2.88 by $0.42. The firm had revenue of $2.24 billion during the quarter, compared to the consensus estimate of $2.16 billion. Rockwell Automation had a net margin of 12.36% and a return on equity of 37.54%. The company’s revenue was up 11.9% on a year-over-year basis. During the same quarter last year, the company earned $2.45 earnings per share. Rockwell Automation has set its FY 2026 guidance at 12.500-13.100 EPS. Equities analysts expect that Rockwell Automation, Inc. will post 13.01 EPS for the current year.

Rockwell Automation Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Monday, May 18th will be paid a $1.38 dividend. The ex-dividend date is Monday, May 18th. This represents a $5.52 annualized dividend and a dividend yield of 1.3%. Rockwell Automation’s dividend payout ratio (DPR) is presently 57.38%.

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.