Primecap Management Co. CA Sells 4,920 Shares of Rockwell Automation, Inc. $ROK

Primecap Management Co. CA reduced its position in shares of Rockwell Automation, Inc. (NYSE:ROK) by 1.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 381,112 shares of the industrial products company’s stock after selling 4,920 shares during the period. Primecap Management Co. CA’s holdings in Rockwell Automation were worth $133,210,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the company. Lansforsakringar Fondforvaltning AB publ grew its holdings in Rockwell Automation by 7.1% in the 3rd quarter. Lansforsakringar Fondforvaltning AB publ now owns 61,834 shares of the industrial products company’s stock valued at $21,613,000 after buying an additional 4,086 shares during the last quarter. Bessemer Group Inc. boosted its position in shares of Rockwell Automation by 180.5% in the third quarter. Bessemer Group Inc. now owns 5,842 shares of the industrial products company’s stock valued at $2,042,000 after acquiring an additional 3,759 shares during the period. Brighton Jones LLC acquired a new stake in shares of Rockwell Automation in the fourth quarter worth $281,000. Ferguson Wellman Capital Management Inc. acquired a new stake in shares of Rockwell Automation in the third quarter worth $777,000. Finally, Schroder Investment Management Group increased its position in Rockwell Automation by 796.0% during the second quarter. Schroder Investment Management Group now owns 97,367 shares of the industrial products company’s stock worth $32,342,000 after acquiring an additional 86,500 shares during the period. Institutional investors own 75.75% of the company’s stock.

Analyst Upgrades and Downgrades

ROK has been the subject of a number of research reports. TD Cowen increased their price target on shares of Rockwell Automation from $330.00 to $350.00 and gave the company a “hold” rating in a report on Friday, February 20th. Bank of America upped their price objective on shares of Rockwell Automation from $410.00 to $430.00 and gave the company a “buy” rating in a research report on Thursday, November 20th. JPMorgan Chase & Co. lifted their target price on Rockwell Automation from $400.00 to $404.00 and gave the stock a “neutral” rating in a research report on Friday, January 16th. Wells Fargo & Company boosted their price target on Rockwell Automation from $380.00 to $410.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 7th. Finally, Morgan Stanley reiterated an “overweight” rating and issued a $460.00 price objective on shares of Rockwell Automation in a research report on Sunday, February 8th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Rockwell Automation presently has an average rating of “Moderate Buy” and an average price target of $418.33.

Rockwell Automation Stock Performance

NYSE:ROK opened at $411.66 on Friday. The firm has a market capitalization of $46.25 billion, a PE ratio of 47.10, a price-to-earnings-growth ratio of 2.87 and a beta of 1.52. The company has a quick ratio of 0.80, a current ratio of 1.16 and a debt-to-equity ratio of 0.68. Rockwell Automation, Inc. has a 12-month low of $215.00 and a 12-month high of $438.72. The firm has a 50-day moving average price of $407.25 and a 200 day moving average price of $377.58.

Rockwell Automation (NYSE:ROK) last released its quarterly earnings data on Thursday, February 5th. The industrial products company reported $2.75 earnings per share for the quarter, beating analysts’ consensus estimates of $2.46 by $0.29. Rockwell Automation had a return on equity of 34.92% and a net margin of 11.56%.The company had revenue of $2.11 billion for the quarter, compared to the consensus estimate of $2.08 billion. During the same period in the previous year, the business earned $1.83 earnings per share. The company’s quarterly revenue was up 11.9% on a year-over-year basis. Rockwell Automation has set its FY 2026 guidance at 11.400-12.200 EPS. Research analysts anticipate that Rockwell Automation, Inc. will post 9.35 earnings per share for the current fiscal year.

Rockwell Automation Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 10th. Shareholders of record on Monday, February 23rd will be given a $1.38 dividend. This represents a $5.52 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date is Monday, February 23rd. Rockwell Automation’s dividend payout ratio is 63.16%.

Insider Activity

In other Rockwell Automation news, SVP Tessa M. Myers sold 1,020 shares of Rockwell Automation stock in a transaction on Wednesday, December 10th. The stock was sold at an average price of $402.07, for a total transaction of $410,111.40. Following the completion of the transaction, the senior vice president directly owned 6,021 shares of the company’s stock, valued at approximately $2,420,863.47. This trade represents a 14.49% 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 link. Also, SVP Matheus De A. G. Viera Bulho sold 2,370 shares of the business’s stock in a transaction on Friday, December 5th. The shares were sold at an average price of $403.45, for a total transaction of $956,176.50. Following the completion of the sale, the senior vice president owned 1,964 shares in the company, valued at $792,375.80. This represents a 54.68% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 25,531 shares of company stock valued at $10,259,637. 0.76% of the stock is owned by company insiders.

Rockwell Automation Company Profile

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.