Rockwell Automation, Inc. $ROK Shares Bought by Verdence Capital Advisors LLC

Verdence Capital Advisors LLC lifted its stake in shares of Rockwell Automation, Inc. (NYSE:ROK) by 79.3% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,684 shares of the industrial products company’s stock after purchasing an additional 1,187 shares during the period. Verdence Capital Advisors LLC’s holdings in Rockwell Automation were worth $1,169,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Apollon Wealth Management LLC increased its stake in Rockwell Automation by 1.5% in the 3rd quarter. Apollon Wealth Management LLC now owns 41,610 shares of the industrial products company’s stock worth $18,114,000 after purchasing an additional 634 shares in the last quarter. Holos Integrated Wealth LLC raised its holdings in Rockwell Automation by 320.0% during the 3rd quarter. Holos Integrated Wealth LLC now owns 210 shares of the industrial products company’s stock worth $89,000 after buying an additional 160 shares during the period. Sigma Planning Corp lifted its stake in Rockwell Automation by 1.2% during the third quarter. Sigma Planning Corp now owns 3,535 shares of the industrial products company’s stock valued at $1,539,000 after buying an additional 41 shares in the last quarter. Paladin Wealth LLC lifted its stake in Rockwell Automation by 56.6% during the third quarter. Paladin Wealth LLC now owns 908 shares of the industrial products company’s stock valued at $395,000 after buying an additional 328 shares in the last quarter. Finally, Signaturefd LLC lifted its stake in Rockwell Automation by 3.0% during the third quarter. Signaturefd LLC now owns 2,425 shares of the industrial products company’s stock valued at $1,056,000 after buying an additional 71 shares in the last quarter. 75.75% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. DA Davidson dropped their target price on shares of Rockwell Automation from $500.00 to $490.00 and set a “neutral” rating on the stock in a research report on Friday, August 21st. The Goldman Sachs Group cut their price target on shares of Rockwell Automation from $510.00 to $485.00 and set a “neutral” rating on the stock in a report on Wednesday, September 30th. Wells Fargo & Company initiated coverage on shares of Rockwell Automation in a research report on Thursday, September 24th. They issued an “equal weight” rating and a $426.00 price target for the company. Sanford C. Bernstein raised their price objective on shares of Rockwell Automation from $501.00 to $514.00 and gave the stock a “market perform” rating in a research note on Friday, August 14th. Finally, Evercore set a $485.00 price objective on shares of Rockwell Automation in a research report on Wednesday, August 5th. Nine investment analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $468.00.

Rockwell Automation Price Performance

Shares of NYSE:ROK opened at $443.65 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. Rockwell Automation, Inc. has a 1 year low of $347.53 and a 1 year high of $497.36. The business has a fifty day simple moving average of $430.46 and a 200 day simple moving average of $426.95. The firm has a market cap of $49.27 billion, a price-to-earnings ratio of 41.58, a P/E/G ratio of 2.02 and a beta of 1.51.

Rockwell Automation (NYSE:ROK) last issued its earnings results on Tuesday, August 4th. The industrial products company reported $3.49 EPS for the quarter, beating 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 firm had revenue of $2.31 billion for the quarter, compared to the consensus estimate of $2.24 billion. During the same quarter in the previous year, the company posted $2.82 earnings per share. The business’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, sell-side analysts predict that Rockwell Automation, Inc. will post 13.26 earnings per share for the current fiscal year.

Insider Transactions at Rockwell Automation

In related news, SVP Matheus Bulho sold 467 shares of the firm’s stock in a transaction that occurred on Monday, August 31st. The shares were sold at an average price of $426.96, for a total transaction of $199,390.32. Following the transaction, the senior vice president owned 1,267 shares of the company’s stock, valued at approximately $540,958.32. This trade represents a 26.93% decrease in their ownership of the stock. The sale 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. Also, Director Patricia Watson sold 1,100 shares of Rockwell Automation stock in a transaction that occurred on Thursday, August 27th. The shares were sold at an average price of $431.43, for a total transaction of $474,573.00. Following the completion of the sale, the director owned 6,385 shares of the company’s stock, valued at $2,754,680.55. This trade represents a 14.70% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 2,711 shares of company stock worth $1,164,880. Corporate insiders own 0.76% of the company’s stock.

About Rockwell Automation

Rockwell Automation, Inc (NYSE: ROK) is a global provider of industrial automation and digital transformation technologies. The company helps manufacturers and industrial organizations improve productivity, safety, quality and operational efficiency through connected hardware, software and services.

Its product portfolio includes industrial control systems, programmable logic controllers, motor control and sensing equipment, industrial computers, safety products, networking technologies and power-control solutions.