State of New Jersey Common Pension Fund D Sells 1,479 Shares of Rockwell Automation, Inc. $ROK

State of New Jersey Common Pension Fund D trimmed its stake in shares of Rockwell Automation, Inc. (NYSE:ROK) by 3.7% during the fourth quarter, HoldingsChannel.com reports. The firm owned 37,993 shares of the industrial products company’s stock after selling 1,479 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Rockwell Automation were worth $14,782,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Nations Financial Group Inc. IA ADV raised its stake in shares of Rockwell Automation by 2.0% during the 4th quarter. Nations Financial Group Inc. IA ADV now owns 1,446 shares of the industrial products company’s stock valued at $563,000 after purchasing an additional 28 shares during the period. Annis Gardner Whiting Capital Advisors LLC raised its stake in shares of Rockwell Automation by 7.1% during the 3rd quarter. Annis Gardner Whiting Capital Advisors LLC now owns 440 shares of the industrial products company’s stock valued at $154,000 after purchasing an additional 29 shares during the period. Equitable Trust Co. raised its stake in shares of Rockwell Automation by 1.1% during the 3rd quarter. Equitable Trust Co. now owns 2,598 shares of the industrial products company’s stock valued at $908,000 after purchasing an additional 29 shares during the period. J. Safra Sarasin Holding AG raised its stake in shares of Rockwell Automation by 2.2% during the 3rd quarter. J. Safra Sarasin Holding AG now owns 1,384 shares of the industrial products company’s stock valued at $484,000 after purchasing an additional 30 shares during the period. Finally, Journey Advisory Group LLC raised its stake in shares of Rockwell Automation by 0.6% during the 4th quarter. Journey Advisory Group LLC now owns 5,455 shares of the industrial products company’s stock valued at $2,122,000 after purchasing an additional 30 shares during the period. 75.75% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently issued reports on ROK. Jefferies Financial Group reiterated a “hold” rating and set a $380.00 price objective (down from $490.00) on shares of Rockwell Automation in a research note on Tuesday, March 31st. Stephens upped their target price on Rockwell Automation from $425.00 to $475.00 and gave the stock an “overweight” rating in a research note on Friday, January 23rd. TD Cowen upped their target price on Rockwell Automation from $330.00 to $350.00 and gave the stock a “hold” rating in a research note on Friday, February 20th. Wall Street Zen lowered Rockwell Automation from a “buy” rating to a “hold” rating in a research note on Saturday. Finally, Wells Fargo & Company decreased their target price on Rockwell Automation from $410.00 to $360.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 1st. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and eleven have given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $406.67.

Insider Transactions at Rockwell Automation

In related news, SVP Rebecca W. House sold 12,100 shares of the stock in a transaction dated Wednesday, February 25th. The stock was sold at an average price of $404.27, for a total transaction of $4,891,667.00. Following the completion of the sale, the senior vice president directly owned 12,200 shares in the company, valued at $4,932,094. This represents a 49.79% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Tessa M. Myers sold 1,985 shares of the stock in a transaction dated Wednesday, February 25th. The shares were sold at an average price of $409.37, for a total value of $812,599.45. Following the sale, the senior vice president owned 4,036 shares of the company’s stock, valued at $1,652,217.32. This represents a 32.97% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 51,375 shares of company stock worth $20,828,717. Company insiders own 0.76% of the company’s stock.

Rockwell Automation Price Performance

ROK opened at $408.35 on Friday. The stock has a 50-day moving average price of $383.62 and a 200-day moving average price of $389.23. Rockwell Automation, Inc. has a 12-month low of $250.32 and a 12-month high of $438.72. The company has a current ratio of 1.16, a quick ratio of 0.80 and a debt-to-equity ratio of 0.68. The stock has a market capitalization of $45.88 billion, a P/E ratio of 46.72, a PEG ratio of 2.92 and a beta of 1.56.

Rockwell Automation (NYSE:ROK) last posted its quarterly earnings data on Thursday, February 5th. The industrial products company reported $2.75 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $2.11 billion during the quarter, compared to analysts’ expectations of $2.08 billion. During the same period in the prior year, the business earned $1.83 EPS. The company’s revenue for the quarter was up 11.9% compared to the same quarter last year. Rockwell Automation has set its FY 2026 guidance at 11.400-12.200 EPS. Equities analysts predict that Rockwell Automation, Inc. will post 12.14 earnings per share for the current fiscal year.

Rockwell Automation Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Monday, May 18th will be issued a $1.38 dividend. This represents a $5.52 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date is Monday, May 18th. Rockwell Automation’s dividend payout ratio is presently 63.16%.

About Rockwell Automation

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.