Mitsubishi UFJ Asset Management Co. Ltd. Acquires Shares of 388,222 Rockwell Automation, Inc. $ROK

Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in Rockwell Automation, Inc. (NYSE:ROK) in the 2nd quarter, Holdings Channel.com reports. The fund bought 388,222 shares of the industrial products company’s stock, valued at approximately $192,201,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Castle Rock Wealth Management LLC boosted its holdings in Rockwell Automation by 2.2% in the second quarter. Castle Rock Wealth Management LLC now owns 1,038 shares of the industrial products company’s stock valued at $501,000 after acquiring an additional 22 shares during the last quarter. Richards Merrill & Peterson Inc. increased its position in Rockwell Automation by 1.9% in the first 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. raised its holdings 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 during the last quarter. HBK Sorce Advisory LLC raised its holdings in Rockwell Automation by 0.7% during the 4th quarter. HBK Sorce Advisory LLC now owns 3,719 shares of the industrial products company’s stock worth $1,544,000 after purchasing an additional 27 shares during the last quarter. Finally, Johnson Investment Counsel Inc. lifted its position in Rockwell Automation by 1.9% during the 4th quarter. Johnson Investment Counsel Inc. now owns 1,412 shares of the industrial products company’s stock valued at $549,000 after purchasing an additional 27 shares during the period. Institutional investors own 75.75% of the company’s stock.

Insider Activity at Rockwell Automation

In other Rockwell Automation news, SVP Matthew W. Fordenwalt sold 377 shares of the company’s stock in a transaction that occurred on Thursday, June 4th. The shares were sold at an average price of $460.51, for a total value of $173,612.27. Following the completion of the sale, the senior vice president owned 4,437 shares of the company’s stock, valued at approximately $2,043,282.87. This represents a 7.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP John M. Miller sold 1,054 shares of the stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $426.02, for a total transaction of $449,025.08. Following the completion of the sale, the vice president owned 5,615 shares in the company, valued at approximately $2,392,102.30. This trade represents a 15.80% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 1,649 shares of company stock valued at $722,119 in the last ninety days. Insiders own 0.76% of the company’s stock.

Rockwell Automation Price Performance

Shares of ROK opened at $445.69 on Tuesday. 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 $332.71 and a 1 year high of $497.36. The stock has a market cap of $49.49 billion, a P/E ratio of 41.77, a price-to-earnings-growth ratio of 2.62 and a beta of 1.54. The stock’s 50-day moving average price is $463.60 and its two-hundred day moving average price is $426.67.

Rockwell Automation (NYSE:ROK) last posted its earnings results on Tuesday, August 4th. The industrial products company reported $3.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.38 by $0.11. The company had revenue of $2.31 billion during the quarter, compared to analyst estimates of $2.24 billion. Rockwell Automation had a return on equity of 39.83% and a net margin of 13.39%.The company’s revenue for the quarter was up 7.9% compared to the same quarter last year. During the same period in the previous year, the company earned $2.82 EPS. Rockwell Automation has set its FY 2026 guidance at 13.000-13.300 EPS. On average, equities analysts predict that Rockwell Automation, Inc. will post 13.22 earnings per share for the current year.

Rockwell Automation declared that its board has authorized a stock buyback program on Tuesday, June 9th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the industrial products company to purchase up to 2% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s management believes its stock is undervalued.

Rockwell Automation Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Monday, August 17th will be issued a dividend of $1.38 per share. The ex-dividend date is Monday, August 17th. This represents a $5.52 dividend on an annualized basis and a yield of 1.2%. Rockwell Automation’s payout ratio is currently 51.73%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Morgan Stanley reaffirmed an “overweight” rating and issued a $525.00 target price on shares of Rockwell Automation in a research note on Wednesday, May 6th. Wells Fargo & Company boosted their price target on shares of Rockwell Automation from $360.00 to $440.00 and gave the stock an “equal weight” rating in a research note on Wednesday, May 6th. Evercore set a $485.00 price objective on shares of Rockwell Automation in a report on Wednesday, August 5th. Sanford C. Bernstein raised their price objective on shares of Rockwell Automation from $501.00 to $514.00 and gave the company a “market perform” rating in a research note on Friday. Finally, DA Davidson began coverage on shares of Rockwell Automation in a report on Tuesday, June 16th. They set a “neutral” rating and a $500.00 target price for the company. Nine equities research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $468.67.

Rockwell Automation 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.