14,122 Shares in Rockwell Automation, Inc. $ROK Bought by Meeder Asset Management Inc.

Meeder Asset Management Inc. bought a new position in shares of Rockwell Automation, Inc. (NYSE:ROK) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 14,122 shares of the industrial products company’s stock, valued at approximately $6,992,000.

Other institutional investors have also recently added to or reduced their stakes in the company. MV Capital Management Inc. acquired a new stake in shares of Rockwell Automation in the 4th quarter valued at about $28,000. Manchester Capital Management LLC lifted its holdings in shares of Rockwell Automation by 97.5% in the 4th quarter. Manchester Capital Management LLC now owns 79 shares of the industrial products company’s stock worth $31,000 after purchasing an additional 39 shares during the last quarter. First Horizon Corp bought a new stake in Rockwell Automation in the fourth quarter valued at $32,000. BOK Financial Private Wealth Inc. bought a new stake in Rockwell Automation in the 4th quarter valued at about $33,000. Finally, TD Capital Management LLC acquired a new position in shares of Rockwell Automation during the fourth quarter worth approximately $33,000. 75.75% of the stock is owned by institutional investors and hedge funds.

Rockwell Automation Trading Down 0.8%

Rockwell Automation stock opened at $445.69 on Tuesday. The company’s fifty day simple moving average is $463.60 and its 200-day simple moving average is $426.67. The company has a quick ratio of 0.74, a current ratio of 1.08 and a debt-to-equity ratio of 0.74. Rockwell Automation, Inc. has a 12 month low of $332.71 and a 12 month high of $497.36. The stock has a market cap of $49.49 billion, a P/E ratio of 41.77, a P/E/G ratio of 2.62 and a beta of 1.54.

Rockwell Automation (NYSE:ROK) last announced its quarterly earnings data 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 business 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%.Rockwell Automation’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same period last year, the company earned $2.82 earnings per share. Rockwell Automation has set its FY 2026 guidance at 13.000-13.300 EPS. As a group, sell-side analysts forecast that Rockwell Automation, Inc. will post 13.22 EPS for the current fiscal year.

Rockwell Automation announced that its board has initiated a stock repurchase plan on Tuesday, June 9th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the industrial products company to reacquire up to 2% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s management believes its shares are undervalued.

Rockwell Automation Dividend Announcement

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

Insider Activity

In related news, SVP Matthew W. Fordenwalt sold 377 shares of the firm’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 transaction of $173,612.27. Following the transaction, the senior vice president owned 4,437 shares of the company’s stock, valued at approximately $2,043,282.87. This trade represents a 7.83% 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, VP John M. Miller sold 1,054 shares of Rockwell Automation stock in a transaction that occurred on Wednesday, May 20th. The shares were 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 of the company’s stock, valued at $2,392,102.30. This trade represents a 15.80% 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. Over the last quarter, insiders have sold 1,649 shares of company stock valued at $722,119. 0.76% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research firms recently weighed in on ROK. Rothschild & Co Redburn upped their price objective on shares of Rockwell Automation from $365.00 to $378.00 in a report on Wednesday, May 6th. BNP Paribas Exane lifted their target price on Rockwell Automation from $495.00 to $515.00 in a report on Wednesday, May 6th. TD Cowen boosted their price objective on Rockwell Automation from $350.00 to $400.00 and gave the stock a “hold” rating in a report on Wednesday, May 13th. Morgan Stanley reissued an “overweight” rating and set a $525.00 target price on shares of Rockwell Automation in a research note on Wednesday, May 6th. Finally, KeyCorp upped their price target on Rockwell Automation from $470.00 to $510.00 and gave the company an “overweight” rating in a research report on Wednesday, May 6th. Nine research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target 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.