OMERS ADMINISTRATION Corp Purchases Shares of 12,949 Rockwell Automation, Inc. $ROK

OMERS ADMINISTRATION Corp purchased a new stake in Rockwell Automation, Inc. (NYSE:ROK) in the 2nd quarter, Holdings Channel.com reports. The institutional investor purchased 12,949 shares of the industrial products company’s stock, valued at approximately $6,411,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. BlackRock Inc. acquired a new position in Rockwell Automation in the 2nd quarter worth $6,129,376,000. Norges Bank acquired a new stake in shares of Rockwell Automation in the 4th quarter valued at about $615,596,000. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Rockwell Automation by 5,925.6% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 906,192 shares of the industrial products company’s stock valued at $352,572,000 after purchasing an additional 891,153 shares in the last quarter. Bank of New York Mellon Corp bought a new stake in shares of Rockwell Automation in the second quarter valued at about $300,589,000. Finally, Deutsche Bank AG acquired a new position in shares of Rockwell Automation during the second quarter worth about $210,342,000. 75.75% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Rockwell Automation

In other news, CFO Christian E. Rothe sold 590 shares of Rockwell Automation stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of $434.30, for a total transaction of $256,237.00. Following the completion of the transaction, the chief financial officer directly owned 10,429 shares in the company, valued at approximately $4,529,314.70. The trade was a 5.35% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, SVP Matthew W. Fordenwalt sold 377 shares of the business’s stock in a transaction that occurred on Thursday, June 4th. The stock was sold at an average price of $460.51, for a total value of $173,612.27. Following the transaction, the senior vice president directly owned 4,437 shares in the company, valued at $2,043,282.87. The trade was a 7.83% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 1,185 shares of company stock worth $529,331 in the last 90 days. Corporate insiders own 0.76% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Barclays increased their price objective on Rockwell Automation from $400.00 to $480.00 and gave the stock an “overweight” rating in a report on Wednesday, May 6th. Wall Street Zen downgraded Rockwell Automation from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. Wells Fargo & Company raised their price target on shares of Rockwell Automation from $360.00 to $440.00 and gave the stock an “equal weight” rating in a research note on Wednesday, May 6th. Argus lifted their price objective on shares of Rockwell Automation from $465.00 to $530.00 and gave the company a “buy” rating in a report on Wednesday, June 24th. Finally, Mizuho set a $445.00 price objective on shares of Rockwell Automation in a research report on Wednesday, May 6th. Nine research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $468.19.

Rockwell Automation Stock Performance

Shares of ROK opened at $429.60 on Tuesday. The company has a market cap of $47.71 billion, a PE ratio of 40.26, a price-to-earnings-growth ratio of 2.55 and a beta of 1.54. The firm has a 50-day moving average of $461.30 and a 200-day moving average of $426.98. Rockwell Automation, Inc. has a one year low of $332.71 and a one year high of $497.36. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.08 and a quick ratio of 0.74.

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 analysts’ consensus estimates of $3.38 by $0.11. Rockwell Automation had a net margin of 13.39% and a return on equity of 39.83%. The company had revenue of $2.31 billion for the quarter, compared to analysts’ expectations of $2.24 billion. During the same period in the prior year, the firm earned $2.82 EPS. Rockwell Automation’s quarterly revenue 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. As a group, equities analysts forecast that Rockwell Automation, Inc. will post 13.21 earnings per share for the current year.

Rockwell Automation declared that its board has approved a share buyback program on Tuesday, June 9th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the industrial products company to purchase up to 2% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s board of directors believes its stock is undervalued.

Rockwell Automation Dividend Announcement

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

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.