Handelsbanken Fonder AB Has $24.85 Million Stock Holdings in Rockwell Automation, Inc. $ROK

Handelsbanken Fonder AB grew its stake in Rockwell Automation, Inc. (NYSE:ROK) by 8.8% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 74,809 shares of the industrial products company’s stock after purchasing an additional 6,057 shares during the quarter. Handelsbanken Fonder AB owned about 0.07% of Rockwell Automation worth $24,849,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. SBI Securities Co. Ltd. increased its holdings in Rockwell Automation by 48.7% in the second quarter. SBI Securities Co. Ltd. now owns 116 shares of the industrial products company’s stock valued at $39,000 after purchasing an additional 38 shares during the last quarter. Legend Financial Advisors Inc. acquired a new position in shares of Rockwell Automation during the 2nd quarter worth about $39,000. Financial Gravity Companies Inc. acquired a new position in shares of Rockwell Automation during the 2nd quarter worth about $40,000. IMA Advisory Services Inc. bought a new stake in shares of Rockwell Automation in the 1st quarter valued at about $32,000. Finally, AdvisorShares Investments LLC acquired a new stake in shares of Rockwell Automation in the 2nd quarter valued at approximately $50,000. 75.75% of the stock is currently owned by institutional investors.

Rockwell Automation Stock Up 2.7%

Shares of ROK stock opened at $378.77 on Friday. Rockwell Automation, Inc. has a 12-month low of $215.00 and a 12-month high of $398.20. The company has a quick ratio of 0.72, a current ratio of 1.06 and a debt-to-equity ratio of 0.72. The firm has a fifty day moving average of $357.03 and a 200-day moving average of $340.55. The company has a market capitalization of $42.53 billion, a price-to-earnings ratio of 44.46, a P/E/G ratio of 3.30 and a beta of 1.45.

Rockwell Automation (NYSE:ROK) last released its earnings results on Thursday, November 6th. The industrial products company reported $3.34 EPS for the quarter, beating the consensus estimate of $2.94 by $0.40. The firm had revenue of $2.32 billion for the quarter, compared to analysts’ expectations of $2.19 billion. Rockwell Automation had a return on equity of 30.14% and a net margin of 12.03%.The business’s quarterly revenue was up 13.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.47 EPS. Rockwell Automation has set its FY 2026 guidance at 11.200-12.200 EPS. As a group, equities research analysts predict that Rockwell Automation, Inc. will post 9.35 earnings per share for the current fiscal year.

Rockwell Automation Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Monday, November 17th will be given a $1.38 dividend. This represents a $5.52 dividend on an annualized basis and a yield of 1.5%. This is an increase from Rockwell Automation’s previous quarterly dividend of $1.31. The ex-dividend date of this dividend is Monday, November 17th. Rockwell Automation’s payout ratio is 72.06%.

Analyst Upgrades and Downgrades

ROK has been the subject of a number of analyst reports. KeyCorp boosted their price objective on shares of Rockwell Automation from $370.00 to $380.00 and gave the company an “overweight” rating in a report on Thursday, August 7th. JPMorgan Chase & Co. lifted their price target on shares of Rockwell Automation from $357.00 to $400.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 11th. Oppenheimer reissued an “outperform” rating and issued a $391.00 price target on shares of Rockwell Automation in a report on Friday, November 7th. Bank of America upped their price objective on shares of Rockwell Automation from $410.00 to $430.00 and gave the company a “buy” rating in a research report on Thursday. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Rockwell Automation in a research note on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $371.44.

Insider Transactions at Rockwell Automation

In other Rockwell Automation news, SVP Cyril Perducat sold 1,435 shares of Rockwell Automation stock in a transaction on Friday, August 29th. The shares were sold at an average price of $348.08, for a total value of $499,494.80. Following the sale, the senior vice president directly owned 3,787 shares in the company, valued at approximately $1,318,178.96. The trade was a 27.48% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director James P. Keane sold 3,000 shares of the stock in a transaction dated Tuesday, August 26th. The stock was sold at an average price of $356.06, for a total transaction of $1,068,180.00. Following the transaction, the director owned 9,192 shares of the company’s stock, valued at approximately $3,272,903.52. This represents a 24.61% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 92,075 shares of company stock worth $34,820,361. 0.68% of the stock is owned by insiders.

About Rockwell Automation

Rockwell Automation, Inc provides industrial automation and digital transformation solutions in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. The company operates through three segments, Intelligent Devices, Software & Control, and Lifecycle Services. Its solutions include hardware and software products and services.