Elevation Point Wealth Partners LLC Takes $2.86 Million Position in Rockwell Automation, Inc. $ROK

Elevation Point Wealth Partners LLC acquired a new position in Rockwell Automation, Inc. (NYSE:ROK) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 5,777 shares of the industrial products company’s stock, valued at approximately $2,860,000.

Other hedge funds have also recently bought and sold shares of the company. Virtus Advisers LLC acquired a new position in Rockwell Automation during the 2nd quarter valued at about $25,000. MV Capital Management Inc. acquired a new stake in shares of Rockwell Automation in the fourth quarter valued at approximately $28,000. Manchester Capital Management LLC increased its stake in shares of Rockwell Automation by 97.5% in the fourth quarter. Manchester Capital Management LLC now owns 79 shares of the industrial products company’s stock valued at $31,000 after purchasing an additional 39 shares during the period. BOK Financial Private Wealth Inc. bought a new stake in shares of Rockwell Automation during the fourth quarter valued at approximately $33,000. Finally, TD Capital Management LLC bought a new stake in shares of Rockwell Automation during the fourth quarter valued at approximately $33,000. 75.75% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Rockwell Automation

In related 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 transaction, the senior vice president owned 4,437 shares of the company’s stock, valued at $2,043,282.87. This trade represents a 7.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, 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 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 directly owned 10,429 shares in the company, valued at approximately $4,529,314.70. The trade was a 5.35% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 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. Insiders own 0.76% of the company’s stock.

Analyst Upgrades and Downgrades

ROK has been the subject of a number of recent analyst reports. TD Cowen increased their price objective on Rockwell Automation from $350.00 to $400.00 and gave the stock a “hold” rating in a report on Wednesday, May 13th. Mizuho set a $445.00 target price on Rockwell Automation in a research note on Wednesday, May 6th. Morgan Stanley reiterated an “overweight” rating and set a $525.00 price target on shares of Rockwell Automation in a research report on Wednesday, May 6th. Robert W. Baird set a $514.00 price target on Rockwell Automation in a research note on Wednesday, August 5th. Finally, BNP Paribas Exane raised their price target on Rockwell Automation from $495.00 to $515.00 in a report on Wednesday, May 6th. Nine investment analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $468.19.

Rockwell Automation Trading Up 1.4%

Rockwell Automation stock opened at $437.50 on Friday. Rockwell Automation, Inc. has a 12-month low of $332.71 and a 12-month high of $497.36. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.08 and a quick ratio of 0.74. The stock has a market capitalization of $48.58 billion, a PE ratio of 41.00, a price-to-earnings-growth ratio of 2.55 and a beta of 1.54. The firm has a 50 day simple moving average of $461.98 and a 200-day simple moving average of $427.00.

Rockwell Automation (NYSE:ROK) last announced its 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. The firm had revenue of $2.31 billion for the quarter, compared to analysts’ expectations of $2.24 billion. Rockwell Automation had a return on equity of 39.83% and a net margin of 13.39%.The firm’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.82 earnings per share. Rockwell Automation has set its FY 2026 guidance at 13.000-13.300 EPS. As a group, equities research analysts expect that Rockwell Automation, Inc. will post 13.21 EPS for the current fiscal year.

Rockwell Automation announced that its board has approved a stock repurchase plan on Tuesday, June 9th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the industrial products company to purchase up to 2% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s board of directors believes its shares are undervalued.

Rockwell Automation Announces Dividend

The company 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 $1.38 dividend. The ex-dividend date is Monday, August 17th. This represents a $5.52 annualized dividend and a dividend yield of 1.3%. Rockwell Automation’s dividend payout ratio is 51.73%.

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.