Rockwell Automation, Inc. $ROK Shares Bought by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC increased its holdings in Rockwell Automation, Inc. (NYSE:ROK) by 559.8% in the second quarter, Holdings Channel.com reports. The firm owned 91,971 shares of the industrial products company’s stock after purchasing an additional 78,032 shares during the period. Sequoia Financial Advisors LLC’s holdings in Rockwell Automation were worth $45,533,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Virtus Advisers LLC acquired a new stake in shares of Rockwell Automation in the second quarter worth approximately $25,000. MV Capital Management Inc. acquired a new position in Rockwell Automation during the fourth quarter worth approximately $28,000. Manchester Capital Management LLC raised its stake in Rockwell Automation by 97.5% during the fourth 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. Cassaday & Co Wealth Management LLC purchased a new position in Rockwell Automation during the first quarter worth approximately $31,000. Finally, BOK Financial Private Wealth Inc. acquired a new position in shares of Rockwell Automation in the 4th quarter valued at $33,000. 75.75% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have recently issued reports on ROK shares. Morgan Stanley boosted their price objective on shares of Rockwell Automation from $525.00 to $545.00 and gave the company an “overweight” rating in a research note on Wednesday, September 2nd. DA Davidson reduced their target price on Rockwell Automation from $500.00 to $490.00 and set a “neutral” rating on the stock in a report on Friday, August 21st. Citigroup dropped their price target on Rockwell Automation from $555.00 to $536.00 and set a “buy” rating for the company in a research note on Wednesday, August 5th. Robert W. Baird set a $514.00 price objective on Rockwell Automation in a report on Wednesday, August 5th. Finally, Zacks Research lowered Rockwell Automation from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 30th. Nine investment analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $469.14.

Insider Buying and Selling

In other Rockwell Automation news, VP Isaac Woods sold 154 shares of the company’s stock in a transaction that occurred on Tuesday, September 8th. The stock was sold at an average price of $432.62, for a total value of $66,623.48. Following the completion of the transaction, the vice president owned 1,858 shares in the company, valued at $803,807.96. This represents a 7.65% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through 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 Matheus De A. G. Viera Bulho sold 400 shares of the stock in a transaction that occurred on Wednesday, September 2nd. The shares were sold at an average price of $420.14, for a total transaction of $168,056.00. Following the completion of the sale, the senior vice president directly owned 867 shares of the company’s stock, valued at $364,261.38. This trade represents a 31.57% 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. Insiders have sold a total of 2,711 shares of company stock worth $1,164,880 in the last ninety days. 0.76% of the stock is owned by corporate insiders.

Rockwell Automation Stock Performance

NYSE:ROK opened at $426.73 on Thursday. The company has a current ratio of 1.08, a quick ratio of 0.74 and a debt-to-equity ratio of 0.74. The firm has a market capitalization of $47.39 billion, a price-to-earnings ratio of 39.99, a PEG ratio of 2.50 and a beta of 1.52. The firm’s fifty day simple moving average is $450.53 and its 200 day simple moving average is $429.20. Rockwell Automation, Inc. has a twelve month low of $332.71 and a twelve month high of $497.36.

Rockwell Automation (NYSE:ROK) last announced its quarterly earnings results on Tuesday, August 4th. The industrial products company reported $3.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.38 by $0.11. Rockwell Automation had a return on equity of 39.83% and a net margin of 13.39%.The firm had revenue of $2.31 billion during the quarter, compared to the consensus estimate of $2.24 billion. During the same period in the prior year, the firm earned $2.82 EPS. The firm’s quarterly revenue 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, equities research analysts expect that Rockwell Automation, Inc. will post 13.23 earnings per share for the current fiscal year.

Rockwell Automation declared that its Board of Directors has authorized a stock repurchase plan on Tuesday, June 9th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the industrial products company to repurchase up to 2% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its shares are undervalued.

Rockwell Automation Profile

Rockwell Automation, Inc (NYSE: ROK) is a global provider of industrial automation and digital transformation technologies. The company helps manufacturers and other industrial organizations improve productivity, safety, quality and operational efficiency by connecting control systems, equipment, software and data across production environments.

Its portfolio includes programmable logic controllers, industrial computers, sensors, motor control and drives, motion-control systems, safety equipment, human-machine interfaces and industrial networking technologies.