63,435 Rockwell Automation, Inc. $ROK Shares Acquired by Fisher Asset Management LLC

Fisher Asset Management LLC raised its holdings in shares of Rockwell Automation, Inc. (NYSE:ROK) by 6.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,022,866 shares of the industrial products company’s stock after buying an additional 63,435 shares during the period. Fisher Asset Management LLC’s holdings in Rockwell Automation were worth $445,284,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. BlackRock Inc. purchased a new position in shares of Rockwell Automation in the second quarter worth about $6,129,376,000. State Street Corp boosted its holdings in Rockwell Automation by 5.3% during the 2nd quarter. State Street Corp now owns 5,323,990 shares of the industrial products company’s stock valued at $2,635,801,000 after acquiring an additional 265,978 shares during the period. Legal & General Group Plc purchased a new stake in Rockwell Automation during the 2nd quarter valued at about $394,905,000. Amundi boosted its holdings in Rockwell Automation by 13.5% during the 1st quarter. Amundi now owns 998,374 shares of the industrial products company’s stock valued at $358,296,000 after acquiring an additional 118,474 shares during the period. Finally, Robeco Institutional Asset Management B.V. grew its position in Rockwell Automation by 6.4% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 738,277 shares of the industrial products company’s stock worth $321,394,000 after acquiring an additional 44,216 shares during the last quarter. 75.75% of the stock is owned by institutional investors.

Insider Activity at Rockwell Automation

In other Rockwell Automation news, VP Isaac Woods sold 154 shares of the business’s stock in a transaction on Tuesday, September 8th. The shares were sold at an average price of $432.62, for a total transaction of $66,623.48. Following the transaction, 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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 467 shares of the company’s stock in a transaction on Monday, August 31st. The stock was sold at an average price of $426.96, for a total transaction of $199,390.32. Following the completion of the transaction, the senior vice president owned 1,267 shares of the company’s stock, valued at $540,958.32. This trade represents a 26.93% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 2,711 shares of company stock valued at $1,164,880 over the last 90 days. Company insiders own 0.76% of the company’s stock.

Rockwell Automation Stock Down 0.3%

NYSE ROK opened at $404.80 on Friday. Rockwell Automation, Inc. has a 1 year low of $347.53 and a 1 year high of $497.36. The stock has a market capitalization of $44.95 billion, a PE ratio of 32.25, a PEG ratio of 2.85 and a beta of 1.51. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.11 and a quick ratio of 1.35. The business’s 50-day moving average is $427.38 and its 200 day moving average is $426.88.

Rockwell Automation (NYSE:ROK) last released its quarterly earnings results on Thursday, November 5th. The industrial products company reported $3.88 EPS for the quarter, beating analysts’ consensus estimates of $3.69 by $0.19. Rockwell Automation had a return on equity of 41.79% and a net margin of 15.68%. The business had revenue of $2.33 billion during the quarter, compared to analyst estimates of $2.41 billion. During the same quarter in the prior year, the company posted $3.34 EPS. Rockwell Automation’s quarterly revenue was up .7% compared to the same quarter last year. Rockwell Automation has set its FY 2027 guidance at 14.500-15.500 EPS. Sell-side analysts forecast that Rockwell Automation, Inc. will post 14.95 earnings per share for the current year.

Rockwell Automation Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 10th. Investors of record on Monday, November 16th will be issued a dividend of $1.45 per share. This is a boost from Rockwell Automation’s previous quarterly dividend of $1.38. This represents a $5.80 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date is Monday, November 16th. Rockwell Automation’s dividend payout ratio is currently 43.98%.

Top Rockwell Automation Stories

Investors following ROK have been watching these stories:

• Positive Sentiment: Rockwell introduced its LogixEdge industrial PC-based controller, combining Logix control, edge computing and support for containerized applications. The platform is aimed at simplifying factory systems and advancing software-defined automation, potentially supporting future demand for Rockwell’s solutions. Rockwell Automation Introduces LogixEdge Controllers for Software-Defined Automation
• Neutral Sentiment: A separate report says Rockwell introduced a PanelView Pro interface for industrial manufacturing, but the available headline provides no details on capabilities, timing or expected sales impact. Rockwell Automation introduces PanelView Pro interface
• Neutral Sentiment: A Zacks article describes ROK as a long-term growth stock using its Style Scores framework; this is investment commentary rather than a new company development or disclosed change to earnings expectations. Why Rockwell Automation is a Top Growth Stock for the Long-Term

Wall Street Analyst Weigh In

A number of brokerages have commented on ROK. Citigroup decreased their price target on Rockwell Automation from $536.00 to $504.00 and set a “buy” rating on the stock in a research note on Friday, November 6th. Zacks Research cut shares of Rockwell Automation from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 30th. Stephens cut their target price on shares of Rockwell Automation from $550.00 to $500.00 and set an “overweight” rating on the stock in a report on Friday, November 6th. Morgan Stanley set a $520.00 target price on shares of Rockwell Automation in a research note on Friday, October 16th. Finally, Robert W. Baird set a $514.00 price target on shares of Rockwell Automation in a report on Wednesday, August 5th. Nine research analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $471.33.

Rockwell Automation Profile

Rockwell Automation, Inc. is an industrial automation and digital transformation company headquartered in Milwaukee, Wisconsin. Its roots date to 1903, when it was founded as the Compression Rheostat Company. The company provides hardware, software and services that help manufacturers automate and manage industrial operations. Its offerings include control systems, sensors, motor-control products, industrial software and services for optimizing production and maintaining equipment. Its Allen-Bradley and FactoryTalk brands are among its best-known product lines.