57,240 Rockwell Automation, Inc. $ROK Shares Acquired by Nippon Life Global Investors Americas Inc.

Nippon Life Global Investors Americas Inc. increased its holdings in shares of Rockwell Automation, Inc. (NYSE:ROK) by 638.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 66,200 shares of the industrial products company’s stock after buying an additional 57,240 shares during the quarter. Rockwell Automation comprises approximately 1.1% of Nippon Life Global Investors Americas Inc.’s portfolio, making the stock its 29th biggest holding. Nippon Life Global Investors Americas Inc.’s holdings in Rockwell Automation were worth $28,819,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Virtus Advisers LLC acquired a new position in shares of Rockwell Automation during the 2nd quarter valued at about $25,000. Cassaday & Co Wealth Management LLC acquired a new stake in shares of Rockwell Automation in the first quarter worth approximately $31,000. Elevation Wealth Partners LLC boosted its position in shares of Rockwell Automation by 700.0% in the second quarter. Elevation Wealth Partners LLC now owns 88 shares of the industrial products company’s stock worth $44,000 after acquiring an additional 77 shares during the last quarter. Lodestone Wealth Management LLC purchased a new stake in Rockwell Automation in the third quarter valued at approximately $40,000. Finally, Polaris Financial Partners purchased a new stake in Rockwell Automation in the third quarter valued at approximately $42,000. 75.75% of the stock is owned by institutional investors and hedge funds.

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 stock was sold at an average price of $431.43, for a total value of $474,573.00. Following the completion of the sale, the director directly owned 6,385 shares in the company, valued at approximately $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 accessible through the SEC website. Also, SVP Matheus De A. G. Viera Bulho sold 467 shares of the stock in a transaction on Monday, August 31st. The shares were sold at an average price of $426.96, for a total value of $199,390.32. Following the completion of the sale, the senior vice president owned 1,267 shares of the company’s stock, valued at approximately $540,958.32. This represents a 26.93% 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. In the last quarter, insiders sold 2,711 shares of company stock worth $1,164,880. 0.76% of the stock is currently owned by insiders.

Rockwell Automation Stock Down 0.1%

Shares of NYSE:ROK opened at $435.64 on Monday. The stock has a 50-day simple moving average of $430.91 and a 200-day simple moving average of $427.26. The stock has a market capitalization of $48.38 billion, a P/E ratio of 40.83, a PEG ratio of 2.07 and a beta of 1.51. Rockwell Automation, Inc. has a 1 year low of $347.53 and a 1 year high of $497.36. 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 (NYSE:ROK) last posted its quarterly earnings results on Tuesday, August 4th. The industrial products company reported $3.49 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $2.24 billion. During the same quarter last year, the firm posted $2.82 earnings per share. Rockwell Automation’s revenue for the quarter was up 7.9% compared to the same quarter last year. Rockwell Automation has set its FY 2026 guidance at 13.000-13.300 EPS. Equities analysts forecast that Rockwell Automation, Inc. will post 13.26 earnings per share for the current year.

Rockwell Automation Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 10th. Stockholders of record on Monday, November 16th will be paid a $1.45 dividend. The ex-dividend date of this dividend is Monday, November 16th. This represents a $5.80 dividend on an annualized basis and a dividend yield of 1.3%. This is a boost from Rockwell Automation’s previous quarterly dividend of $1.38. Rockwell Automation’s payout ratio is 51.73%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. The Goldman Sachs Group dropped 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. Mizuho decreased their price target on shares of Rockwell Automation from $445.00 to $430.00 and set a “neutral” rating on the stock in a report on Thursday, October 15th. Morgan Stanley set a $520.00 price objective on shares of Rockwell Automation in a research note on Friday, October 16th. Citigroup dropped their price objective on Rockwell Automation from $555.00 to $536.00 and set a “buy” rating for the company in a report on Wednesday, August 5th. Finally, Zacks Research downgraded Rockwell Automation from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 30th. Nine equities research analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $468.00.

Rockwell Automation Company Profile

Rockwell Automation, Inc (NYSE: ROK) is a global provider of industrial automation and digital transformation technologies. The company helps manufacturers and industrial organizations improve productivity, safety, quality and operational efficiency through connected hardware, software and services.

Its product portfolio includes industrial control systems, programmable logic controllers, motor control and sensing equipment, industrial computers, safety products, networking technologies and power-control solutions.