Lansforsakringar Fondforvaltning AB publ Sells 22,664 Shares of Rockwell Automation, Inc. $ROK

Lansforsakringar Fondforvaltning AB publ reduced its stake in shares of Rockwell Automation, Inc. (NYSE:ROK) by 38.7% in the 1st quarter, Holdings Channel.com reports. The firm owned 35,949 shares of the industrial products company’s stock after selling 22,664 shares during the quarter. Lansforsakringar Fondforvaltning AB publ’s holdings in Rockwell Automation were worth $12,901,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently bought and sold shares of the company. MV Capital Management Inc. acquired a new stake in Rockwell Automation in the 4th quarter worth $28,000. Manchester Capital Management LLC increased its holdings in shares of Rockwell Automation by 97.5% during the 4th quarter. Manchester Capital Management LLC now owns 79 shares of the industrial products company’s stock worth $31,000 after purchasing an additional 39 shares during the period. First Horizon Corp acquired a new position in shares of Rockwell Automation during the fourth quarter valued at about $32,000. BOK Financial Private Wealth Inc. acquired a new position in shares of Rockwell Automation during the fourth quarter valued at about $33,000. Finally, TD Capital Management LLC bought a new stake in shares of Rockwell Automation in the fourth quarter valued at about $33,000. 75.75% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

ROK has been the topic of several research reports. JPMorgan Chase & Co. boosted their price target on Rockwell Automation from $404.00 to $417.00 and gave the company a “neutral” rating in a research note on Wednesday, May 6th. HSBC raised their price objective on Rockwell Automation from $445.00 to $490.00 in a research report on Wednesday, May 6th. Weiss Ratings reissued a “buy (b-)” rating on shares of Rockwell Automation in a report on Thursday, June 18th. Jefferies Financial Group restated a “hold” rating and set a $380.00 price objective (down from $490.00) on shares of Rockwell Automation in a research report on Tuesday, March 31st. Finally, The Goldman Sachs Group upped their target price on Rockwell Automation from $448.00 to $487.00 in a research note on Wednesday, May 6th. Ten analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $462.82.

Insider Transactions at Rockwell Automation

In other Rockwell Automation news, VP Terry L. Riesterer sold 4,024 shares of Rockwell Automation stock in a transaction on Thursday, May 7th. The stock was sold at an average price of $451.97, for a total transaction of $1,818,727.28. Following the completion of the transaction, the vice president directly owned 134 shares of the company’s stock, valued at approximately $60,563.98. This trade represents a 96.78% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Scott Genereux sold 550 shares of the business’s stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $447.73, for a total transaction of $246,251.50. Following the completion of the sale, the vice president owned 2,764 shares in the company, valued at $1,237,525.72. This represents a 16.60% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 12,009 shares of company stock valued at $5,232,471. 0.76% of the stock is owned by insiders.

Rockwell Automation Stock Performance

NYSE ROK opened at $483.66 on Thursday. The stock has a market cap of $53.82 billion, a P/E ratio of 50.28, a PEG ratio of 3.16 and a beta of 1.54. The company has a quick ratio of 0.76, a current ratio of 1.09 and a debt-to-equity ratio of 0.72. Rockwell Automation, Inc. has a twelve month low of $305.44 and a twelve month high of $497.36. The company’s 50-day simple moving average is $449.70 and its 200 day simple moving average is $413.85.

Rockwell Automation (NYSE:ROK) last released its quarterly earnings data on Tuesday, May 5th. The industrial products company reported $3.30 earnings per share for the quarter, beating analysts’ consensus estimates of $2.88 by $0.42. Rockwell Automation had a return on equity of 37.54% and a net margin of 12.36%.The company had revenue of $2.24 billion for the quarter, compared to the consensus estimate of $2.16 billion. During the same period in the previous year, the business earned $2.45 earnings per share. The company’s quarterly revenue was up 11.9% on a year-over-year basis. Rockwell Automation has set its FY 2026 guidance at 12.500-13.100 EPS. As a group, research analysts forecast that Rockwell Automation, Inc. will post 13.05 earnings per share for the current fiscal year.

Rockwell Automation Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Monday, August 17th will be paid a $1.38 dividend. The ex-dividend date of this dividend is Monday, August 17th. This represents a $5.52 annualized dividend and a yield of 1.1%. Rockwell Automation’s payout ratio is currently 57.38%.

Rockwell Automation declared that its board has approved a share buyback plan on Tuesday, June 9th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the industrial products company to purchase up to 2% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

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.