Meeder Asset Management Inc. Raises Stock Holdings in Rockwell Automation, Inc. $ROK

Meeder Asset Management Inc. raised its stake in Rockwell Automation, Inc. (NYSE:ROK) by 1,886.0% during the first quarter, Holdings Channel.com reports. The institutional investor owned 25,620 shares of the industrial products company’s stock after purchasing an additional 24,330 shares during the quarter. Meeder Asset Management Inc.’s holdings in Rockwell Automation were worth $9,195,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Vanguard Group Inc. raised its position in Rockwell Automation by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 14,206,311 shares of the industrial products company’s stock valued at $5,527,249,000 after purchasing an additional 114,469 shares in the last quarter. State Street Corp lifted its stake in Rockwell Automation by 4.2% during the fourth quarter. State Street Corp now owns 4,996,130 shares of the industrial products company’s stock worth $1,943,844,000 after purchasing an additional 202,705 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Rockwell Automation by 0.6% in the 4th quarter. Geode Capital Management LLC now owns 2,924,501 shares of the industrial products company’s stock worth $1,133,397,000 after purchasing an additional 17,855 shares in the last quarter. Morgan Stanley boosted its holdings in shares of Rockwell Automation by 10.4% in the 4th quarter. Morgan Stanley now owns 2,921,840 shares of the industrial products company’s stock worth $1,136,801,000 after purchasing an additional 276,021 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its position in shares of Rockwell Automation by 1.2% during the 4th quarter. Goldman Sachs Group Inc. now owns 2,104,985 shares of the industrial products company’s stock valued at $818,986,000 after purchasing an additional 24,719 shares during the last quarter. Hedge funds and other institutional investors own 75.75% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on ROK. Rothschild & Co Redburn raised their price objective on Rockwell Automation from $365.00 to $378.00 in a report on Wednesday, May 6th. Zacks Research upgraded shares of Rockwell Automation from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 1st. Robert W. Baird increased their price target on shares of Rockwell Automation from $470.00 to $527.00 and gave the company an “outperform” rating in a research report on Wednesday, July 1st. Sanford C. Bernstein began coverage on shares of Rockwell Automation in a research note on Tuesday, June 9th. They set a “market perform” rating and a $501.00 price target on the stock. Finally, DA Davidson assumed 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. One 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 company’s stock. According to data from MarketBeat, Rockwell Automation presently has a consensus rating of “Moderate Buy” and an average price target of $469.33.

Insider Activity at Rockwell Automation

In other Rockwell Automation news, VP Scott Genereux sold 550 shares of Rockwell Automation stock in a transaction dated 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 transaction, the vice president directly owned 2,764 shares of the company’s stock, valued at approximately $1,237,525.72. The trade was a 16.60% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Terry L. Riesterer sold 4,024 shares of the business’s stock in a transaction that occurred on Thursday, May 7th. The stock was sold at an average price of $451.97, for a total transaction of $1,818,727.28. Following the completion of the transaction, the vice president owned 134 shares of the company’s stock, valued at approximately $60,563.98. The trade was a 96.78% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 9,361 shares of company stock worth $4,189,886 over the last quarter. 0.76% of the stock is currently owned by company insiders.

Rockwell Automation Trading Down 0.1%

NYSE:ROK opened at $461.50 on Monday. The company has a 50-day moving average price of $461.27 and a 200-day moving average price of $419.84. The company has a current ratio of 1.09, a quick ratio of 0.76 and a debt-to-equity ratio of 0.72. The stock has a market cap of $51.35 billion, a price-to-earnings ratio of 47.97, a P/E/G ratio of 2.94 and a beta of 1.54. Rockwell Automation, Inc. has a 12 month low of $305.44 and a 12 month high of $497.36.

Rockwell Automation (NYSE:ROK) last posted its earnings results on Tuesday, May 5th. The industrial products company reported $3.30 earnings per share for the quarter, topping analysts’ consensus estimates of $2.88 by $0.42. The firm 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%.The business’s revenue for the quarter 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. Equities analysts predict that Rockwell Automation, Inc. will post 13.06 EPS for the current year.

Rockwell Automation Announces Dividend

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

Rockwell Automation declared that its Board of Directors has authorized a share buyback plan on Tuesday, June 9th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the industrial products company to buy up to 2% of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s leadership believes its shares are undervalued.

Rockwell Automation Company 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.