Corient Private Wealth LP Purchases New Holdings in Rockwell Automation, Inc. $ROK

Corient Private Wealth LP acquired a new position in shares of Rockwell Automation, Inc. (NYSE:ROK) in the second quarter, according to its most recent disclosure with the SEC. The firm acquired 121,128 shares of the industrial products company’s stock, valued at approximately $59,968,000.

A number of other institutional investors have also modified their holdings of the stock. Virtus Advisers LLC acquired a new position in Rockwell Automation in the 2nd quarter valued at $25,000. MV Capital Management Inc. acquired a new position in shares of Rockwell Automation during the fourth quarter worth about $28,000. Manchester Capital Management LLC increased 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 purchasing an additional 39 shares during the period. BOK Financial Private Wealth Inc. purchased a new position in Rockwell Automation in the fourth quarter worth $33,000. Finally, TD Capital Management LLC acquired a new stake in shares of Rockwell Automation in the fourth quarter valued at about $33,000. Institutional investors and hedge funds own 75.75% of the company’s stock.

Insiders Place Their Bets

In other news, SVP Matthew W. Fordenwalt sold 377 shares of the firm’s stock in a transaction dated 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. This trade represents a 7.83% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Christian E. Rothe sold 590 shares of Rockwell Automation stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $434.30, for a total value of $256,237.00. Following the completion of the transaction, the chief financial officer directly owned 10,429 shares in the company, valued at $4,529,314.70. This represents a 5.35% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 1,185 shares of company stock worth $529,331 in the last quarter. 0.76% of the stock is owned by insiders.

Rockwell Automation Stock Performance

Shares of ROK stock opened at $432.38 on Friday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.74 and a current ratio of 1.08. The firm has a market capitalization of $48.02 billion, a price-to-earnings ratio of 40.52, a price-to-earnings-growth ratio of 2.52 and a beta of 1.54. Rockwell Automation, Inc. has a one year low of $332.71 and a one year high of $497.36. The company has a 50 day moving average price of $459.20 and a 200 day moving average price of $427.29.

Rockwell Automation (NYSE:ROK) last announced its quarterly earnings results on Tuesday, August 4th. The industrial products company reported $3.49 earnings per share 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 analyst estimates of $2.24 billion. During the same quarter last year, the business earned $2.82 EPS. Rockwell Automation’s revenue for the quarter was up 7.9% on a year-over-year basis. Rockwell Automation has set its FY 2026 guidance at 13.000-13.300 EPS. Sell-side analysts anticipate that Rockwell Automation, Inc. will post 13.21 EPS for the current year.

Rockwell Automation declared that its board has approved a stock buyback plan on Tuesday, June 9th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the industrial products company to buy up to 2% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board believes its stock is undervalued.

Rockwell Automation Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Monday, August 17th will be issued a $1.38 dividend. The ex-dividend date is Monday, August 17th. This represents a $5.52 dividend on an annualized basis and a yield of 1.3%. Rockwell Automation’s dividend payout ratio (DPR) is presently 51.73%.

Analysts Set New Price Targets

A number of brokerages have issued reports on ROK. Evercore set a $485.00 target price on shares of Rockwell Automation in a report on Wednesday, August 5th. Argus raised their price objective on Rockwell Automation from $465.00 to $530.00 and gave the company a “buy” rating in a research note on Wednesday, June 24th. BNP Paribas Exane boosted their price target on Rockwell Automation from $495.00 to $515.00 in a report on Wednesday, May 6th. Wall Street Zen cut Rockwell Automation from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. Finally, The Goldman Sachs Group upped their target price on shares of Rockwell Automation from $448.00 to $487.00 in a report on Wednesday, May 6th. Nine investment 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 a consensus rating of “Hold” and an average target price of $468.19.

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.