6,891 Shares in Rockwell Automation, Inc. $ROK Purchased by Daiichi Life Insurance Co. Ltd.

Daiichi Life Insurance Co. Ltd. purchased a new position in Rockwell Automation, Inc. (NYSE:ROK) in the second quarter, Holdings Channel reports. The fund purchased 6,891 shares of the industrial products company’s stock, valued at approximately $3,412,000.

Other institutional investors have also recently bought and sold shares of the company. Castle Rock Wealth Management LLC lifted its holdings in shares of Rockwell Automation by 2.2% during the 2nd quarter. Castle Rock Wealth Management LLC now owns 1,038 shares of the industrial products company’s stock valued at $501,000 after buying an additional 22 shares during the last quarter. Richards Merrill & Peterson Inc. lifted its stake in shares of 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 buying an additional 25 shares during the last quarter. Cidel Asset Management Inc. boosted its holdings in Rockwell Automation by 4.6% during the first quarter. Cidel Asset Management Inc. now owns 574 shares of the industrial products company’s stock valued at $206,000 after acquiring an additional 25 shares during the period. HBK Sorce Advisory LLC boosted its stake 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 valued at $1,544,000 after purchasing an additional 27 shares during the period. Finally, Johnson Investment Counsel Inc. boosted its position in shares of Rockwell Automation by 1.9% in the fourth quarter. Johnson Investment Counsel Inc. now owns 1,412 shares of the industrial products company’s stock valued at $549,000 after acquiring an additional 27 shares during the period. Institutional investors and hedge funds own 75.75% of the company’s stock.

Insider Buying and Selling

In other 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 transaction, the senior vice president owned 4,437 shares in the company, valued at $2,043,282.87. This represents a 7.83% decrease in their ownership of the stock. The transaction was disclosed in a 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, CFO Christian E. Rothe sold 590 shares of the company’s stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $434.30, for a total transaction of $256,237.00. Following the completion of the transaction, the chief financial officer directly owned 10,429 shares of the company’s stock, valued at approximately $4,529,314.70. The trade was a 5.35% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 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. In the last ninety days, insiders sold 1,185 shares of company stock worth $529,331. Insiders own 0.76% of the company’s stock.

Rockwell Automation Trading Up 0.1%

NYSE:ROK opened at $437.50 on Monday. The firm has a market capitalization of $48.58 billion, a price-to-earnings ratio of 41.00, a PEG ratio of 2.55 and a beta of 1.54. The business’s 50-day moving average price is $461.98 and its two-hundred day moving average price is $426.98. 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.

Rockwell Automation (NYSE:ROK) last issued its earnings results on Tuesday, August 4th. The industrial products company reported $3.49 EPS for the quarter, beating the consensus estimate of $3.38 by $0.11. The firm had revenue of $2.31 billion during the quarter, compared to the consensus estimate of $2.24 billion. Rockwell Automation had a net margin of 13.39% and a return on equity of 39.83%. The business’s quarterly revenue was up 7.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.82 earnings per share. Rockwell Automation has set its FY 2026 guidance at 13.000-13.300 EPS. On average, equities analysts expect that Rockwell Automation, Inc. will post 13.21 earnings per share for the current year.

Rockwell Automation declared that its Board of Directors has approved a stock repurchase plan on Tuesday, June 9th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the industrial products company to purchase up to 2% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s board believes its stock is undervalued.

Rockwell Automation Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Monday, August 17th will be issued a dividend of $1.38 per share. This represents a $5.52 annualized dividend and a dividend yield of 1.3%. The ex-dividend date is Monday, August 17th. Rockwell Automation’s payout ratio is 51.73%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on ROK. TD Cowen increased their target price on shares of Rockwell Automation from $350.00 to $400.00 and gave the company a “hold” rating in a research note on Wednesday, May 13th. Evercore set a $485.00 price target on Rockwell Automation in a research note on Wednesday, August 5th. Rothschild & Co Redburn increased their price objective on Rockwell Automation from $365.00 to $378.00 in a research note on Wednesday, May 6th. The Goldman Sachs Group lifted their target price on shares of Rockwell Automation from $448.00 to $487.00 in a research note on Wednesday, May 6th. Finally, HSBC lifted their price target on Rockwell Automation from $445.00 to $490.00 in a report on Wednesday, May 6th. Nine analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the stock. According to data from MarketBeat.com, Rockwell Automation presently has a consensus rating of “Hold” and an average target price of $468.19.

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.