Corient Private Wealth LP Has $59.59 Million Stake in Rockwell Automation, Inc. $ROK

Corient Private Wealth LP reduced its stake in shares of Rockwell Automation, Inc. (NYSE:ROK) by 1.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 120,363 shares of the industrial products company’s stock after selling 1,641 shares during the quarter. Corient Private Wealth LP’s holdings in Rockwell Automation were worth $59,589,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Virtus Advisers LLC acquired a new position in Rockwell Automation during the 2nd quarter worth $25,000. MV Capital Management Inc. acquired a new stake in shares of Rockwell Automation in the 4th quarter valued at $28,000. Manchester Capital Management LLC raised its position in shares of Rockwell Automation by 97.5% during the fourth quarter. Manchester Capital Management LLC now owns 79 shares of the industrial products company’s stock worth $31,000 after acquiring an additional 39 shares during the last quarter. BOK Financial Private Wealth Inc. bought a new stake in shares of Rockwell Automation during the fourth quarter worth $33,000. Finally, TD Capital Management LLC acquired a new position in shares of Rockwell Automation during the fourth quarter valued at $33,000. Institutional investors and hedge funds own 75.75% of the company’s stock.

Insiders Place Their Bets

In related news, SVP Matthew W. Fordenwalt sold 377 shares of the company’s stock in a transaction 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 in the company, valued at $2,043,282.87. This represents a 7.83% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 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 dated Thursday, August 20th. The stock was sold at an average price of $434.30, for a total value of $256,237.00. Following the transaction, the chief financial officer owned 10,429 shares in the company, valued at approximately $4,529,314.70. This represents 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 90 days, insiders sold 1,185 shares of company stock valued at $529,331. 0.76% of the stock is owned by corporate insiders.

Rockwell Automation Stock Performance

Shares of NYSE:ROK opened at $432.38 on Friday. The firm’s 50 day simple moving average is $459.20 and its 200 day simple moving average is $427.29. Rockwell Automation, Inc. has a fifty-two week low of $332.71 and a fifty-two week high of $497.36. The company has a market capitalization of $48.02 billion, a price-to-earnings ratio of 40.52, a P/E/G ratio of 2.52 and a beta of 1.54. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.08 and a quick ratio of 0.74.

Rockwell Automation (NYSE:ROK) last issued its quarterly earnings data on Tuesday, August 4th. The industrial products company reported $3.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.38 by $0.11. Rockwell Automation had a net margin of 13.39% and a return on equity of 39.83%. The firm had revenue of $2.31 billion during the quarter, compared to analysts’ expectations of $2.24 billion. During the same quarter in the previous year, the company earned $2.82 earnings per share. The business’s revenue for the quarter was up 7.9% on a year-over-year basis. 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 13.21 earnings per share for the current year.

Rockwell Automation declared that its Board of Directors has initiated a stock buyback 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 repurchase up to 2% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board 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 issued a $1.38 dividend. The ex-dividend date of this dividend is Monday, August 17th. This represents a $5.52 annualized dividend and a dividend yield of 1.3%. Rockwell Automation’s payout ratio is 51.73%.

Analysts Set New Price Targets

ROK has been the topic of several recent research reports. BNP Paribas Exane raised their price target on Rockwell Automation from $495.00 to $515.00 in a report on Wednesday, May 6th. JPMorgan Chase & Co. upped their target price on shares of Rockwell Automation from $404.00 to $417.00 and gave the company a “neutral” rating in a research report on Wednesday, May 6th. HSBC raised their target price on shares of Rockwell Automation from $445.00 to $490.00 in a research note on Wednesday, May 6th. DA Davidson dropped their price target on shares of Rockwell Automation from $500.00 to $490.00 and set a “neutral” rating for the company in a research note on Friday, August 21st. Finally, Rothschild & Co Redburn increased their price objective on shares of Rockwell Automation from $365.00 to $378.00 in a report on Wednesday, May 6th. Nine investment analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $468.19.

Rockwell Automation Company 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.