Rockwell Automation, Inc. $ROK Stock Sold by Stewardship Concepts Financial Services LLC

Stewardship Concepts Financial Services LLC lowered its position in Rockwell Automation, Inc. (NYSE:ROK) by 59.6% during the third quarter, Holdings Channel.com reports. The fund owned 822 shares of the industrial products company’s stock after selling 1,212 shares during the quarter. Stewardship Concepts Financial Services LLC’s holdings in Rockwell Automation were worth $358,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Castle Rock Wealth Management LLC raised its holdings in shares of Rockwell Automation by 2.2% in the 2nd quarter. Castle Rock Wealth Management LLC now owns 1,038 shares of the industrial products company’s stock worth $501,000 after purchasing an additional 22 shares during the period. Richards Merrill & Peterson Inc. grew its holdings in shares of Rockwell Automation by 1.9% during the 1st quarter. Richards Merrill & Peterson Inc. now owns 1,358 shares of the industrial products company’s stock worth $487,000 after purchasing an additional 25 shares during the period. Cidel Asset Management Inc. increased its position in Rockwell Automation by 4.6% during the 1st quarter. Cidel Asset Management Inc. now owns 574 shares of the industrial products company’s stock worth $206,000 after purchasing an additional 25 shares in the last quarter. Apella Capital LLC raised its holdings in Rockwell Automation by 0.9% in the second quarter. Apella Capital LLC now owns 3,261 shares of the industrial products company’s stock valued at $1,529,000 after buying an additional 28 shares during the period. Finally, Finivi Inc. lifted its position in Rockwell Automation by 1.0% during the second quarter. Finivi Inc. now owns 2,935 shares of the industrial products company’s stock valued at $1,453,000 after buying an additional 30 shares in the last quarter. Hedge funds and other institutional investors own 75.75% of the company’s stock.

Insider Activity

In other news, VP Isaac Woods sold 154 shares of Rockwell Automation stock in a transaction dated Tuesday, September 8th. The stock was sold at an average price of $432.62, for a total transaction of $66,623.48. Following the sale, the vice president directly owned 1,858 shares of the company’s stock, valued at approximately $803,807.96. The trade was a 7.65% 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 hyperlink. 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, Director Patricia A. Watson sold 1,100 shares of the business’s stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of $431.43, for a total value of $474,573.00. Following the completion of the transaction, the director owned 6,385 shares in the company, valued at approximately $2,754,680.55. This trade represents a 14.70% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 2,711 shares of company stock worth $1,164,880. 0.76% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on ROK shares. Weiss Ratings reiterated a “buy (b-)” rating on shares of Rockwell Automation in a research note on Monday, September 14th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Rockwell Automation from $469.00 to $500.00 and gave the company a “hold” rating in a report on Wednesday, September 30th. Robert W. Baird set a $514.00 price target on Rockwell Automation in a report on Wednesday, August 5th. Morgan Stanley raised their price objective on Rockwell Automation from $525.00 to $545.00 and gave the company an “overweight” rating in a research report on Wednesday, September 2nd. Finally, DA Davidson reduced their price objective on Rockwell Automation from $500.00 to $490.00 and set a “neutral” rating on the stock in a research note on Friday, August 21st. Nine analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Rockwell Automation currently has an average rating of “Hold” and a consensus price target of $469.82.

Rockwell Automation Stock Down 1.1%

Shares of ROK traded down $4.89 during mid-day trading on Tuesday, reaching $450.29. 574,562 shares of the stock traded hands, compared to its average volume of 849,405. The firm has a market cap of $50.00 billion, a price-to-earnings ratio of 42.20, a P/E/G ratio of 2.15 and a beta of 1.51. The stock has a fifty day simple moving average of $437.23 and a 200 day simple moving average of $434.94. Rockwell Automation, Inc. has a 12-month low of $332.71 and a 12-month 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 earnings results on Tuesday, August 4th. The industrial products company reported $3.49 earnings per share for the quarter, beating the consensus estimate of $3.38 by $0.11. The business had revenue of $2.31 billion during the quarter, compared to the consensus estimate of $2.24 billion. Rockwell Automation had a net margin of 13.39% and a return on equity of 39.83%. The business’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.82 earnings per share. Rockwell Automation has set its FY 2026 guidance at 13.000-13.300 EPS. Sell-side analysts expect that Rockwell Automation, Inc. will post 13.25 EPS for the current fiscal year.

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

About Rockwell Automation

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

Its offerings include programmable logic controllers, industrial computers, motor control and drives, sensors, safety systems, human-machine interfaces, and other control and electrical products.