NewEdge Advisors LLC Raises Position in Rockwell Automation, Inc. $ROK

NewEdge Advisors LLC grew its holdings in Rockwell Automation, Inc. (NYSE:ROK) by 15.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 34,470 shares of the industrial products company’s stock after acquiring an additional 4,696 shares during the period. NewEdge Advisors LLC’s holdings in Rockwell Automation were worth $12,371,000 as of its most recent filing with the Securities & Exchange Commission.

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

Rockwell Automation Stock Down 0.2%

ROK stock opened at $440.95 on Friday. The company has a current ratio of 1.08, a quick ratio of 0.76 and a debt-to-equity ratio of 0.74. Rockwell Automation, Inc. has a twelve month low of $328.70 and a twelve month high of $497.36. The company’s 50 day moving average is $464.99 and its two-hundred day moving average is $425.44. The stock has a market cap of $48.97 billion, a P/E ratio of 41.33, a PEG ratio of 2.58 and a beta of 1.54.

Rockwell Automation (NYSE:ROK) last issued its earnings results on Tuesday, August 4th. The industrial products company reported $3.49 earnings per share (EPS) 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 analysts’ expectations of $2.24 billion. Rockwell Automation had a net margin of 13.39% and a return on equity of 39.83%. The company’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.82 EPS. Rockwell Automation has set its FY 2026 guidance at 13.000-13.300 EPS. Research analysts expect that Rockwell Automation, Inc. will post 13.19 earnings per share for the current fiscal year.

Rockwell Automation Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Monday, August 17th will be paid a $1.38 dividend. This represents a $5.52 annualized dividend and a yield of 1.3%. The ex-dividend date is Monday, August 17th. Rockwell Automation’s dividend payout ratio is currently 51.73%.

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

Analysts Set New Price Targets

A number of equities research analysts have commented on ROK shares. Argus increased their price objective on shares of Rockwell Automation from $465.00 to $530.00 and gave the company a “buy” rating in a research report on Wednesday, June 24th. Robert W. Baird set a $514.00 target price on shares of Rockwell Automation in a research note on Wednesday. Rothschild & Co Redburn increased their target price on Rockwell Automation from $365.00 to $378.00 in a report on Wednesday, May 6th. KeyCorp raised their price target on Rockwell Automation from $470.00 to $510.00 and gave the company an “overweight” rating in a research note on Wednesday, May 6th. Finally, Evercore set a $485.00 price target on Rockwell Automation in a report on Wednesday. Nine equities research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company. Based on data from MarketBeat.com, Rockwell Automation presently has an average rating of “Hold” and an average target price of $468.05.

Insider Activity

In other news, VP John M. Miller sold 1,054 shares of Rockwell Automation stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $426.02, for a total transaction of $449,025.08. Following the sale, the vice president owned 5,615 shares in the company, valued at approximately $2,392,102.30. The trade was a 15.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed 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, SVP Matthew W. Fordenwalt sold 377 shares of the business’s stock in a transaction dated Thursday, June 4th. The shares were sold at an average price of $460.51, for a total value of $173,612.27. Following the completion of the sale, the senior vice president directly owned 4,437 shares of the company’s stock, valued at $2,043,282.87. The trade was a 7.83% 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 ninety days, insiders have sold 1,649 shares of company stock worth $722,119. Corporate insiders own 0.76% of the company’s stock.

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.