Cibc World Market Inc. Purchases Shares of 12,982 Rockwell Automation, Inc. $ROK

Cibc World Market Inc. purchased a new position in shares of Rockwell Automation, Inc. (NYSE:ROK) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 12,982 shares of the industrial products company’s stock, valued at approximately $6,427,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Castle Rock Wealth Management LLC increased its position in shares of Rockwell Automation by 2.2% in 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 acquiring an additional 22 shares during the period. Richards Merrill & Peterson Inc. lifted its position in Rockwell Automation by 1.9% during the 1st quarter. Richards Merrill & Peterson Inc. now owns 1,358 shares of the industrial products company’s stock worth $487,000 after acquiring an additional 25 shares during the period. Cidel Asset Management Inc. grew its stake 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 valued at $206,000 after purchasing an additional 25 shares during the last quarter. HBK Sorce Advisory LLC increased its holdings in shares of Rockwell Automation by 0.7% in the fourth 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. raised its stake 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 worth $549,000 after purchasing an additional 27 shares during the last quarter. 75.75% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Rockwell Automation

In other Rockwell Automation news, SVP Matthew W. Fordenwalt sold 377 shares of the firm’s stock in a transaction on Thursday, June 4th. The stock was sold at an average price of $460.51, for a total value of $173,612.27. Following the transaction, the senior vice president owned 4,437 shares in the company, valued at approximately $2,043,282.87. This trade represents a 7.83% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible 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 Rockwell Automation 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 sale, the chief financial officer directly owned 10,429 shares in the company, valued at approximately $4,529,314.70. This trade represents a 5.35% decrease in their position. The SEC filing for this sale provides additional information. 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 90 days, insiders sold 1,185 shares of company stock worth $529,331. Company insiders own 0.76% of the company’s stock.

Rockwell Automation Stock Up 0.1%

Shares of ROK opened at $430.01 on Wednesday. The firm has a market cap of $47.75 billion, a P/E ratio of 40.30, a PEG ratio of 2.51 and a beta of 1.54. Rockwell Automation, Inc. has a 12 month low of $332.71 and a 12 month high of $497.36. The stock’s 50 day moving average is $460.57 and its two-hundred day moving average is $426.97. 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 (NYSE:ROK) last issued its quarterly earnings results on Tuesday, August 4th. The industrial products company reported $3.49 EPS for the quarter, topping the consensus estimate of $3.38 by $0.11. Rockwell Automation had a net margin of 13.39% and a return on equity of 39.83%. The company had revenue of $2.31 billion during the quarter, compared to analyst estimates of $2.24 billion. During the same quarter in the previous year, the firm earned $2.82 EPS. The firm’s revenue was up 7.9% compared to the same quarter last year. Rockwell Automation has set its FY 2026 guidance at 13.000-13.300 EPS. Analysts predict that Rockwell Automation, Inc. will post 13.21 earnings per share for the current fiscal year.

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

Rockwell Automation Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Monday, August 17th will be given a $1.38 dividend. 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 dividend payout ratio (DPR) is 51.73%.

Analysts Set New Price Targets

ROK has been the topic of several research reports. Weiss Ratings reiterated a “buy (b-)” rating on shares of Rockwell Automation in a report on Thursday, June 18th. Morgan Stanley restated an “overweight” rating and set a $525.00 target price on shares of Rockwell Automation in a research report on Wednesday, May 6th. Sanford C. Bernstein increased their price target on Rockwell Automation from $501.00 to $514.00 and gave the stock a “market perform” rating in a research report on Friday, August 14th. Barclays lifted their price objective on Rockwell Automation from $400.00 to $480.00 and gave the company an “overweight” rating in a research note on Wednesday, May 6th. Finally, DA Davidson lowered their target price on Rockwell Automation from $500.00 to $490.00 and set a “neutral” rating on the stock in a research note on Friday. Nine research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target 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.