Rockwell Automation, Inc. $ROK Stock Acquired by Howard Capital Management Group LLC

Howard Capital Management Group LLC grew its holdings in Rockwell Automation, Inc. (NYSE:ROK) by 2.3% during the third quarter, HoldingsChannel reports. The fund owned 68,229 shares of the industrial products company’s stock after purchasing an additional 1,524 shares during the period. Rockwell Automation accounts for about 1.9% of Howard Capital Management Group LLC’s investment portfolio, making the stock its 20th biggest holding. Howard Capital Management Group LLC’s holdings in Rockwell Automation were worth $29,702,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in ROK. TD Waterhouse Canada Inc. raised its holdings in Rockwell Automation by 1.3% during the third quarter. TD Waterhouse Canada Inc. now owns 7,963 shares of the industrial products company’s stock worth $3,525,000 after purchasing an additional 102 shares in the last quarter. Pension & Wealth Management Advisors Inc. purchased a new stake in shares of Rockwell Automation during the 3rd quarter worth approximately $88,000. Annex Advisory Services LLC boosted its holdings in shares of Rockwell Automation by 34.8% in the 3rd quarter. Annex Advisory Services LLC now owns 2,508 shares of the industrial products company’s stock valued at $1,092,000 after buying an additional 647 shares in the last quarter. Walser Wealth Management Company A Ltd Liability Co boosted its holdings in shares of Rockwell Automation by 10.6% in the 3rd quarter. Walser Wealth Management Company A Ltd Liability Co now owns 479 shares of the industrial products company’s stock valued at $209,000 after buying an additional 46 shares in the last quarter. Finally, V Square Quantitative Management LLC boosted its holdings in shares of Rockwell Automation by 7.1% in the 3rd quarter. V Square Quantitative Management LLC now owns 3,247 shares of the industrial products company’s stock valued at $1,414,000 after buying an additional 215 shares in the last quarter. Institutional investors and hedge funds own 75.75% of the company’s stock.

Insider Buying and Selling at Rockwell Automation

In related news, Director Patricia A. Watson sold 1,100 shares of the stock in a transaction on Thursday, August 27th. The shares were sold at an average price of $431.43, for a total transaction of $474,573.00. Following the completion of the sale, the director owned 6,385 shares in the company, valued at $2,754,680.55. This represents a 14.70% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Matheus De A. G. Viera Bulho sold 467 shares of the firm’s stock in a transaction on Monday, August 31st. The stock was sold at an average price of $426.96, for a total transaction of $199,390.32. Following the transaction, the senior vice president directly owned 1,267 shares in the company, valued at $540,958.32. The trade was a 26.93% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 2,711 shares of company stock valued at $1,164,880. Insiders own 0.76% of the company’s stock.

Rockwell Automation Stock Performance

NYSE ROK traded up $3.61 on Friday, reaching $425.64. The stock had a trading volume of 1,351,637 shares, compared to its average volume of 755,247. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.74 and a current ratio of 1.08. Rockwell Automation, Inc. has a 12-month low of $343.81 and a 12-month high of $497.36. The business’s 50-day moving average price is $432.23 and its 200 day moving average price is $439.19. The stock has a market cap of $47.27 billion, a P/E ratio of 39.89, a price-to-earnings-growth ratio of 2.00 and a beta of 1.51.

Rockwell Automation (NYSE:ROK) last posted its quarterly earnings data on Tuesday, August 4th. The industrial products company reported $3.49 earnings per share for the quarter, beating the consensus estimate of $3.38 by $0.11. The business had revenue of $2.31 billion during the quarter, compared to the consensus estimate of $2.24 billion. Rockwell Automation had a return on equity of 39.83% and a net margin of 13.39%. The company’s revenue was up 7.9% compared to the same quarter last year. During the same period in the prior 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 analysts expect that Rockwell Automation, Inc. will post 13.26 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. Sanford C. Bernstein increased their target price on shares of Rockwell Automation from $501.00 to $514.00 and gave the company a “market perform” rating in a research report on Friday, August 14th. Evercore set a $485.00 price target on shares of Rockwell Automation in a research report on Wednesday, August 5th. The Goldman Sachs Group reduced their price target on shares of Rockwell Automation from $510.00 to $485.00 and set a “neutral” rating for the company in a research report on Wednesday, September 30th. Robert W. Baird set a $514.00 price objective on shares of Rockwell Automation in a research note on Wednesday, August 5th. Finally, Zacks Research lowered Rockwell Automation from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 30th. Nine research analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $468.00.

About Rockwell Automation

Rockwell Automation, Inc is a global provider of industrial automation and digital transformation technologies. The company helps manufacturers and other industrial organizations improve productivity, quality, safety, and operational efficiency by connecting industrial equipment, control systems, software, and data.

Its offerings include programmable logic controllers, industrial computers, motor control and drives, sensors, safety systems, human-machine interfaces, and other control and electrical products.