Simplicity Wealth LLC Invests $667,000 in Rockwell Automation, Inc. $ROK

Simplicity Wealth LLC bought a new stake in shares of Rockwell Automation, Inc. (NYSE:ROK) during the 2nd quarter, according to its most recent filing with the SEC. The firm bought 1,347 shares of the industrial products company’s stock, valued at approximately $667,000.

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

Rockwell Automation Stock Performance

Shares of ROK stock opened at $445.69 on Tuesday. The company has a market cap of $49.49 billion, a P/E ratio of 41.77, a PEG ratio of 2.62 and a beta of 1.54. The business has a 50 day moving average of $463.60 and a two-hundred day moving average of $426.67. Rockwell Automation, Inc. has a 52 week low of $332.71 and a 52 week high of $497.36. The company has a quick ratio of 0.74, a current ratio of 1.08 and a debt-to-equity ratio of 0.74.

Rockwell Automation (NYSE:ROK) last announced its quarterly earnings results on Tuesday, August 4th. The industrial products company reported $3.49 earnings per share for the quarter, topping analysts’ consensus estimates of $3.38 by $0.11. Rockwell Automation had a return on equity of 39.83% and a net margin of 13.39%.The business had revenue of $2.31 billion for the quarter, compared to analysts’ expectations of $2.24 billion. During the same period in the prior year, the firm earned $2.82 EPS. The business’s quarterly revenue was up 7.9% on a year-over-year basis. Rockwell Automation has set its FY 2026 guidance at 13.000-13.300 EPS. As a group, analysts anticipate that Rockwell Automation, Inc. will post 13.22 EPS for the current year.

Rockwell Automation Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Monday, August 17th will be given 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 is currently 51.73%.

Rockwell Automation declared that its Board of Directors has initiated a stock buyback program on Tuesday, June 9th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the industrial products company to repurchase up to 2% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s management believes its stock is undervalued.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Evercore set a $485.00 price target on shares of Rockwell Automation in a research note on Wednesday, August 5th. Rothschild & Co Redburn upped their price objective on shares of Rockwell Automation from $365.00 to $378.00 in a research report on Wednesday, May 6th. Barclays raised their target price on Rockwell Automation from $400.00 to $480.00 and gave the company an “overweight” rating in a research note on Wednesday, May 6th. Mizuho set a $445.00 price target on Rockwell Automation in a research note on Wednesday, May 6th. Finally, KeyCorp increased their price target on Rockwell Automation from $470.00 to $510.00 and gave the company an “overweight” rating in a report on Wednesday, May 6th. Nine investment analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company’s stock. According to data from MarketBeat, Rockwell Automation currently has a consensus rating of “Hold” and an average target price of $468.67.

Insider Activity

In related news, SVP Matthew W. Fordenwalt sold 377 shares of the stock in a transaction dated Thursday, June 4th. The shares were sold at an average price of $460.51, for a total value of $173,612.27. Following the sale, the senior vice president owned 4,437 shares of the company’s stock, valued at $2,043,282.87. This trade represents a 7.83% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP John M. Miller sold 1,054 shares of Rockwell Automation stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $426.02, for a total transaction of $449,025.08. Following the completion of the sale, the vice president owned 5,615 shares in the company, valued at approximately $2,392,102.30. This represents a 15.80% decrease in their ownership of the stock. 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. Insiders have sold 1,649 shares of company stock valued at $722,119 in the last 90 days. Insiders own 0.76% of the company’s stock.

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.