Convergence Investment Partners LLC Sells 3,593 Shares of Rockwell Automation, Inc. $ROK

Convergence Investment Partners LLC trimmed its position in shares of Rockwell Automation, Inc. (NYSE:ROK) by 52.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,258 shares of the industrial products company’s stock after selling 3,593 shares during the quarter. Convergence Investment Partners LLC’s holdings in Rockwell Automation were worth $1,169,000 as of its most recent SEC filing.

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

Insider Buying and Selling

In related news, SVP Christopher Nardecchia sold 2,538 shares of the company’s stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $446.43, for a total value of $1,133,039.34. Following the transaction, the senior vice president owned 14,232 shares in the company, valued at approximately $6,353,591.76. This represents a 15.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP John M. Miller sold 1,054 shares of the stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $426.02, for a total value of $449,025.08. Following the transaction, the vice president directly owned 5,615 shares of the company’s stock, valued at approximately $2,392,102.30. This trade represents a 15.80% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 9,361 shares of company stock worth $4,189,886 in the last three months. Insiders own 0.76% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently commented on ROK. Wells Fargo & Company upped their target price on Rockwell Automation from $360.00 to $440.00 and gave the company an “equal weight” rating in a report on Wednesday, May 6th. Rothschild & Co Redburn upped their price objective on shares of Rockwell Automation from $365.00 to $378.00 in a research note on Wednesday, May 6th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Rockwell Automation in a research report on Thursday, June 18th. JPMorgan Chase & Co. lifted their target price on shares of Rockwell Automation from $404.00 to $417.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 6th. Finally, Argus boosted their target price on shares of Rockwell Automation from $465.00 to $530.00 and gave the company a “buy” rating in a report on Wednesday, June 24th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and eleven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $469.33.

Rockwell Automation Price Performance

ROK opened at $464.40 on Wednesday. The firm has a market cap of $51.68 billion, a P/E ratio of 48.27, a PEG ratio of 2.92 and a beta of 1.54. The firm has a 50-day moving average of $461.51 and a 200 day moving average of $420.83. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.76 and a current ratio of 1.09. Rockwell Automation, Inc. has a fifty-two week low of $305.44 and a fifty-two week high of $497.36.

Rockwell Automation (NYSE:ROK) last announced its quarterly earnings data on Tuesday, May 5th. The industrial products company reported $3.30 EPS for the quarter, topping the consensus estimate of $2.88 by $0.42. The business had revenue of $2.24 billion for the quarter, compared to analyst estimates 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 for the quarter was up 11.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.45 earnings per share. Rockwell Automation has set its FY 2026 guidance at 12.500-13.100 EPS. On average, research analysts expect that Rockwell Automation, Inc. will post 13.06 EPS for the current year.

Rockwell Automation announced that its Board of Directors has authorized a stock repurchase program on Tuesday, June 9th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the industrial products company to reacquire up to 2% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s board believes its stock is undervalued.

Rockwell Automation Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Monday, August 17th will be paid a dividend of $1.38 per share. The ex-dividend date is Monday, August 17th. This represents a $5.52 annualized dividend and a dividend yield of 1.2%. 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.