1,635 Shares in Rockwell Automation, Inc. $ROK Bought by Globeflex Capital L P

Globeflex Capital L P bought a new position in Rockwell Automation, Inc. (NYSE:ROK) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 1,635 shares of the industrial products company’s stock, valued at approximately $809,000.

Several other large investors have also recently bought and sold shares of ROK. Virtus Advisers LLC acquired a new stake in shares of Rockwell Automation during the second quarter valued at about $25,000. MV Capital Management Inc. bought a new stake in shares of Rockwell Automation during the fourth quarter worth about $28,000. Manchester Capital Management LLC increased 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 buying an additional 39 shares during the period. Cassaday & Co Wealth Management LLC bought a new position in Rockwell Automation in the 1st quarter valued at approximately $31,000. Finally, BOK Financial Private Wealth Inc. bought a new position in Rockwell Automation in the 4th quarter valued at approximately $33,000. 75.75% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

ROK has been the topic of a number of research reports. Barclays boosted their target price on shares of Rockwell Automation from $400.00 to $480.00 and gave the stock an “overweight” rating in a report on Wednesday, May 6th. Rothschild & Co Redburn raised their price target on shares of Rockwell Automation from $365.00 to $378.00 in a research note on Wednesday, May 6th. KeyCorp lifted their price target on shares of Rockwell Automation from $470.00 to $510.00 and gave the stock an “overweight” rating in a report on Wednesday, May 6th. Zacks Research cut shares of Rockwell Automation from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 30th. Finally, Citigroup decreased their price objective on Rockwell Automation from $555.00 to $536.00 and set a “buy” rating for the company in a report on Wednesday, August 5th. Nine investment analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $468.19.

Rockwell Automation Price Performance

Rockwell Automation stock opened at $429.60 on Tuesday. The stock’s 50 day moving average is $461.30 and its 200 day moving average is $426.98. Rockwell Automation, Inc. has a one year low of $332.71 and a one year high of $497.36. The firm has a market cap of $47.71 billion, a P/E ratio of 40.26, a P/E/G ratio of 2.55 and a beta of 1.54. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.08 and a quick ratio of 0.74.

Rockwell Automation (NYSE:ROK) last released its earnings results on Tuesday, August 4th. The industrial products company reported $3.49 earnings per share for the quarter, beating analysts’ consensus estimates of $3.38 by $0.11. Rockwell Automation had a net margin of 13.39% and a return on equity of 39.83%. The business had revenue of $2.31 billion during the quarter, compared to the consensus estimate of $2.24 billion. During the same quarter in the prior year, the firm posted $2.82 EPS. The company’s revenue for the quarter was up 7.9% compared to the same quarter last year. Rockwell Automation has set its FY 2026 guidance at 13.000-13.300 EPS. As a group, research analysts expect that Rockwell Automation, Inc. will post 13.21 EPS for the current year.

Rockwell Automation Announces Dividend

The company also recently disclosed 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 1.3%. Rockwell Automation’s dividend payout ratio is 51.73%.

Rockwell Automation announced that its board has approved a stock repurchase 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 reacquire up to 2% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s board of directors believes its stock is undervalued.

Insiders Place Their Bets

In related news, CFO Christian E. Rothe sold 590 shares of Rockwell Automation stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $434.30, for a total transaction of $256,237.00. Following the completion of the transaction, the chief financial officer owned 10,429 shares of the company’s stock, valued at $4,529,314.70. This trade represents a 5.35% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, SVP Matthew W. Fordenwalt sold 377 shares of the business’s stock in a transaction on Thursday, June 4th. The shares were sold at an average price of $460.51, for a total transaction of $173,612.27. Following the completion of the transaction, the senior vice president owned 4,437 shares in the company, valued at approximately $2,043,282.87. The trade was a 7.83% decrease in their position. 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 1,185 shares of company stock valued at $529,331 in the last three months. 0.76% of the stock is owned by insiders.

About Rockwell Automation

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.