Rockwell Automation, Inc. $ROK Shares Acquired by Keybank National Association OH

Keybank National Association OH grew its stake in Rockwell Automation, Inc. (NYSE:ROK) by 5.1% during the first quarter, Holdings Channel.com reports. The fund owned 42,421 shares of the industrial products company’s stock after acquiring an additional 2,070 shares during the period. Keybank National Association OH’s holdings in Rockwell Automation were worth $15,224,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in ROK. Brighton Jones LLC purchased a new stake in Rockwell Automation in the fourth quarter valued at approximately $281,000. AQR Capital Management LLC boosted its position in shares of Rockwell Automation by 75.9% during the first quarter. AQR Capital Management LLC now owns 8,139 shares of the industrial products company’s stock worth $2,059,000 after buying an additional 3,513 shares during the period. Empowered Funds LLC grew its stake in shares of Rockwell Automation by 142.7% in the first quarter. Empowered Funds LLC now owns 7,305 shares of the industrial products company’s stock valued at $1,887,000 after buying an additional 4,295 shares in the last quarter. Acadian Asset Management LLC grew its stake in shares of Rockwell Automation by 233.6% in the first quarter. Acadian Asset Management LLC now owns 1,878 shares of the industrial products company’s stock valued at $484,000 after buying an additional 1,315 shares in the last quarter. Finally, Jump Financial LLC purchased a new stake in shares of Rockwell Automation in the 2nd quarter valued at $868,000. 75.75% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Robert W. Baird increased their target price on Rockwell Automation from $470.00 to $527.00 and gave the stock an “outperform” rating in a research note on Wednesday. Rothschild & Co Redburn lifted their target price on Rockwell Automation from $365.00 to $378.00 in a research report on Wednesday, May 6th. Jefferies Financial Group reiterated a “hold” rating and set a $380.00 price target (down from $490.00) on shares of Rockwell Automation in a research note on Tuesday, March 31st. Barclays increased their price target on shares of Rockwell Automation from $400.00 to $480.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 6th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Rockwell Automation from $404.00 to $417.00 and gave the company a “neutral” rating in a research note on Wednesday, May 6th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and eleven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $462.82.

Insider Activity

In related news, VP Terry L. Riesterer sold 4,024 shares of Rockwell Automation stock in a transaction that occurred on Thursday, May 7th. The shares were sold at an average price of $451.97, for a total value of $1,818,727.28. Following the completion of the transaction, the vice president owned 134 shares in the company, valued at $60,563.98. The trade was a 96.78% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Scott Genereux sold 550 shares of the business’s stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $447.73, for a total transaction of $246,251.50. Following the transaction, the vice president owned 2,764 shares of the company’s stock, valued at $1,237,525.72. This trade represents a 16.60% decrease in their position. 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 three months, insiders sold 12,009 shares of company stock valued at $5,232,471. 0.76% of the stock is owned by corporate insiders.

Rockwell Automation Trading Up 0.1%

NYSE:ROK opened at $471.99 on Friday. The firm has a market cap of $52.52 billion, a PE ratio of 49.06, a price-to-earnings-growth ratio of 3.01 and a beta of 1.54. The stock has a fifty day moving average price of $452.22 and a 200 day moving average price of $414.72. Rockwell Automation, Inc. has a 12-month low of $305.44 and a 12-month high of $497.36. The company has a current ratio of 1.09, a quick ratio of 0.76 and a debt-to-equity ratio of 0.72.

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

Rockwell Automation Dividend Announcement

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

Rockwell Automation announced that its Board of Directors has authorized a share buyback plan on Tuesday, June 9th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the industrial products company to repurchase up to 2% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its shares are undervalued.

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.