Rockwell Automation, Inc. $ROK Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System trimmed its holdings in shares of Rockwell Automation, Inc. (NYSE:ROK) by 3.5% in the first quarter, HoldingsChannel reports. The institutional investor owned 85,434 shares of the industrial products company’s stock after selling 3,086 shares during the quarter. New York State Teachers Retirement System’s holdings in Rockwell Automation were worth $30,661,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Leonteq Securities AG lifted its position in shares of Rockwell Automation by 47.6% during the 1st quarter. Leonteq Securities AG now owns 1,300 shares of the industrial products company’s stock valued at $467,000 after acquiring an additional 419 shares during the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its stake in shares of Rockwell Automation by 49.4% during the 1st quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 36,195 shares of the industrial products company’s stock worth $12,990,000 after acquiring an additional 11,960 shares in the last quarter. Elevation Point Wealth Partners LLC grew its holdings in shares of Rockwell Automation by 119.9% in the 1st quarter. Elevation Point Wealth Partners LLC now owns 5,909 shares of the industrial products company’s stock worth $2,121,000 after acquiring an additional 3,222 shares during the last quarter. Peregrine Asset Advisers Inc. grew its holdings in shares of Rockwell Automation by 33.6% in the 1st quarter. Peregrine Asset Advisers Inc. now owns 796 shares of the industrial products company’s stock worth $286,000 after acquiring an additional 200 shares during the last quarter. Finally, Keybank National Association OH raised its position in shares of Rockwell Automation by 5.1% during the first quarter. Keybank National Association OH now owns 42,421 shares of the industrial products company’s stock worth $15,224,000 after purchasing an additional 2,070 shares during the period. Institutional investors and hedge funds own 75.75% of the company’s stock.

Insider Activity

In other Rockwell Automation news, SVP Matthew W. Fordenwalt sold 377 shares of the firm’s stock in a transaction dated Thursday, June 4th. The stock was sold at an average price of $460.51, for a total transaction of $173,612.27. Following the completion of the sale, the senior vice president directly 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 legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Christopher Nardecchia sold 2,538 shares of Rockwell Automation stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $446.43, for a total value of $1,133,039.34. Following the transaction, the senior vice president directly owned 14,232 shares in the company, valued at approximately $6,353,591.76. This trade represents a 15.13% 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. In the last three months, insiders sold 12,009 shares of company stock worth $5,232,471. Corporate insiders own 0.76% of the company’s stock.

Rockwell Automation Price Performance

Shares of NYSE:ROK opened at $471.99 on Friday. The company’s fifty day moving average is $452.22 and its two-hundred day moving average is $414.72. The company has a market cap of $52.52 billion, a P/E ratio of 49.06, a price-to-earnings-growth ratio of 3.01 and a beta of 1.54. Rockwell Automation, Inc. has a 12-month low of $305.44 and a 12-month high of $497.36. The company has a quick ratio of 0.76, a current ratio of 1.09 and a debt-to-equity ratio of 0.72.

Rockwell Automation (NYSE:ROK) last issued its earnings results on Tuesday, May 5th. The industrial products company reported $3.30 EPS for the quarter, topping the consensus estimate of $2.88 by $0.42. Rockwell Automation had a return on equity of 37.54% and a net margin of 12.36%.The business had revenue of $2.24 billion during the quarter, compared to analysts’ expectations of $2.16 billion. During the same quarter last year, the firm posted $2.45 earnings per share. Rockwell Automation’s revenue was up 11.9% compared to the same quarter last year. Rockwell Automation has set its FY 2026 guidance at 12.500-13.100 EPS. Equities analysts expect that Rockwell Automation, Inc. will post 13.05 earnings per share for the current fiscal year.

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

Rockwell Automation Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Monday, August 17th will be paid a $1.38 dividend. This represents a $5.52 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Monday, August 17th. Rockwell Automation’s dividend payout ratio is currently 57.38%.

Analyst Ratings Changes

Several brokerages have recently commented on ROK. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Rockwell Automation in a report on Thursday, June 18th. Citigroup lifted their price target on Rockwell Automation from $466.00 to $500.00 and gave the stock a “buy” rating in a research note on Wednesday, May 6th. The Goldman Sachs Group boosted their price objective on Rockwell Automation from $448.00 to $487.00 in a report on Wednesday, May 6th. Wall Street Zen lowered shares of Rockwell Automation from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. Finally, Argus raised their target price on shares of Rockwell Automation from $465.00 to $530.00 and gave the stock a “buy” rating in a report on Wednesday, June 24th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and eleven have given a Hold rating to the company. According to data from MarketBeat, Rockwell Automation has a consensus rating of “Moderate Buy” and a consensus price target of $462.82.

About Rockwell Automation

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.