Rockwell Automation, Inc. $ROK Shares Sold by Carnegie Investment Counsel

Carnegie Investment Counsel lessened its holdings in shares of Rockwell Automation, Inc. (NYSE:ROK) by 5.4% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 52,539 shares of the industrial products company’s stock after selling 3,002 shares during the quarter. Carnegie Investment Counsel’s holdings in Rockwell Automation were worth $18,855,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in ROK. MV Capital Management Inc. bought a new stake in Rockwell Automation during the 4th quarter valued at $28,000. Manchester Capital Management LLC boosted its position in Rockwell Automation by 97.5% during the 4th quarter. Manchester Capital Management LLC now owns 79 shares of the industrial products company’s stock worth $31,000 after acquiring an additional 39 shares during the period. First Horizon Corp bought a new position in shares of Rockwell Automation in the fourth quarter worth $32,000. BOK Financial Private Wealth Inc. acquired a new position in shares of Rockwell Automation during the fourth quarter valued at $33,000. Finally, TD Capital Management LLC acquired a new position in shares of Rockwell Automation during the fourth quarter valued at $33,000. 75.75% of the stock is currently owned by institutional investors and hedge funds.

Rockwell Automation Trading Up 1.2%

ROK traded up $5.43 during trading on Friday, reaching $472.91. The company had a trading volume of 565,037 shares, compared to its average volume of 859,256. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.76 and a current ratio of 1.09. Rockwell Automation, Inc. has a 12-month low of $305.44 and a 12-month high of $497.36. The company has a market cap of $52.62 billion, a price-to-earnings ratio of 49.16, a PEG ratio of 3.01 and a beta of 1.54. The firm’s 50-day simple moving average is $458.98 and its 200 day simple moving average is $417.36.

Rockwell Automation (NYSE:ROK) last announced its quarterly earnings data on Tuesday, May 5th. The industrial products company reported $3.30 EPS for the quarter, topping analysts’ consensus estimates of $2.88 by $0.42. The firm had revenue of $2.24 billion during the quarter, compared to analyst estimates of $2.16 billion. Rockwell Automation had a return on equity of 37.54% and a net margin of 12.36%.The business’s quarterly revenue was up 11.9% compared to the same quarter last year. During the same period last year, the company posted $2.45 EPS. Rockwell Automation has set its FY 2026 guidance at 12.500-13.100 EPS. Equities research analysts anticipate that Rockwell Automation, Inc. will post 13.06 earnings per share for the current year.

Rockwell Automation declared that its Board of Directors has authorized a share 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 purchase up to 2% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board believes its shares are undervalued.

Rockwell Automation Dividend Announcement

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

Insider Buying and Selling at Rockwell Automation

In related news, VP Scott Genereux sold 550 shares of the company’s stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $447.73, for a total value of $246,251.50. Following the completion of the sale, the vice president directly owned 2,764 shares in the company, valued at approximately $1,237,525.72. This represents a 16.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Matthew W. Fordenwalt sold 1,200 shares of the stock in a transaction on Monday, April 13th. The stock was sold at an average price of $400.00, for a total transaction of $480,000.00. Following the transaction, the senior vice president directly owned 4,437 shares in the company, valued at $1,774,800. The trade was a 21.29% 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. Insiders have sold 10,561 shares of company stock worth $4,669,886 in the last ninety days. Company insiders own 0.76% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. DA Davidson began coverage on shares of Rockwell Automation in a report on Tuesday, June 16th. They issued a “neutral” rating and a $500.00 price objective for the company. Evercore boosted their price target on shares of Rockwell Automation from $440.00 to $480.00 in a research report on Wednesday, May 6th. BNP Paribas Exane upped their price target on shares of Rockwell Automation from $495.00 to $515.00 in a research note on Wednesday, May 6th. Barclays raised their price objective on shares of Rockwell Automation from $400.00 to $480.00 and gave the company an “overweight” rating in a research note on Wednesday, May 6th. Finally, Argus increased their price target on Rockwell Automation from $465.00 to $530.00 and gave the company a “buy” rating in a research note on Wednesday, June 24th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and eleven have assigned a Hold rating to the stock. According to MarketBeat.com, Rockwell Automation presently has an average rating of “Moderate Buy” and a consensus target price of $466.71.

Rockwell Automation Profile

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.