4,640 Shares in Rockwell Automation, Inc. $ROK Bought by Greenwood Capital Associates LLC

Greenwood Capital Associates LLC bought a new stake in shares of Rockwell Automation, Inc. (NYSE:ROK) in the 2nd quarter, HoldingsChannel.com reports. The firm bought 4,640 shares of the industrial products company’s stock, valued at approximately $2,297,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Capital Advisors Inc. OK raised its holdings in Rockwell Automation by 1.4% during the 2nd quarter. Capital Advisors Inc. OK now owns 149,600 shares of the industrial products company’s stock worth $74,064,000 after buying an additional 2,074 shares during the period. Trustmark Bank Trust Department purchased a new position in shares of Rockwell Automation in the second quarter worth approximately $290,000. New Mexico Educational Retirement Board increased its position in shares of Rockwell Automation by 7.7% in the second quarter. New Mexico Educational Retirement Board now owns 5,576 shares of the industrial products company’s stock worth $2,761,000 after acquiring an additional 400 shares in the last quarter. Mufg Securities Americas Inc. raised its holdings in shares of Rockwell Automation by 7.8% during the second quarter. Mufg Securities Americas Inc. now owns 3,352 shares of the industrial products company’s stock valued at $1,660,000 after acquiring an additional 243 shares during the period. Finally, Nissay Asset Management Corp Japan raised its holdings in shares of Rockwell Automation by 63.4% during the second quarter. Nissay Asset Management Corp Japan now owns 67,367 shares of the industrial products company’s stock valued at $33,352,000 after acquiring an additional 26,127 shares during the period. Institutional investors and hedge funds own 75.75% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on ROK shares. Citigroup lowered their price objective on shares of Rockwell Automation from $555.00 to $536.00 and set a “buy” rating on the stock in a research report on Wednesday, August 5th. Argus raised their target price on Rockwell Automation from $465.00 to $530.00 and gave the stock a “buy” rating in a research report on Wednesday, June 24th. Morgan Stanley reiterated an “overweight” rating and set a $525.00 price target on shares of Rockwell Automation in a report on Wednesday, May 6th. KeyCorp raised their price objective on Rockwell Automation from $470.00 to $510.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 6th. Finally, Wall Street Zen cut shares of Rockwell Automation from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. Nine research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company. Based on data from MarketBeat.com, Rockwell Automation has a consensus rating of “Hold” and an average target price of $468.19.

Insider Activity at Rockwell Automation

In other Rockwell Automation news, Director Patricia A. Watson sold 1,100 shares of the stock in a transaction on Thursday, August 27th. The shares were sold at an average price of $431.43, for a total value of $474,573.00. Following the completion of the sale, the director directly owned 6,385 shares of the company’s stock, valued at $2,754,680.55. This represents a 14.70% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Matthew W. Fordenwalt sold 377 shares of the company’s stock in a transaction dated Thursday, June 4th. The shares were sold at an average price of $460.51, for a total transaction of $173,612.27. Following the transaction, the senior vice president directly owned 4,437 shares of the company’s stock, valued at $2,043,282.87. This represents a 7.83% decrease in their position. 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 a total of 2,285 shares of company stock worth $1,003,904 in the last ninety days. 0.76% of the stock is currently owned by insiders.

Rockwell Automation Trading Down 0.5%

Shares of ROK stock opened at $430.73 on Friday. Rockwell Automation, Inc. has a 12 month low of $332.71 and a 12 month high of $497.36. The company has a quick ratio of 0.74, a current ratio of 1.08 and a debt-to-equity ratio of 0.74. The business’s 50 day moving average is $458.33 and its two-hundred day moving average is $427.31. The company has a market cap of $47.83 billion, a PE ratio of 40.37, a price-to-earnings-growth ratio of 2.52 and a beta of 1.54.

Rockwell Automation (NYSE:ROK) last posted its quarterly earnings data on Tuesday, August 4th. The industrial products company reported $3.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.38 by $0.11. The business had revenue of $2.31 billion during the quarter, compared to the consensus estimate of $2.24 billion. Rockwell Automation had a net margin of 13.39% and a return on equity of 39.83%. Rockwell Automation’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.82 EPS. Rockwell Automation has set its FY 2026 guidance at 13.000-13.300 EPS. Equities analysts predict that Rockwell Automation, Inc. will post 13.21 EPS for the current year.

Rockwell Automation Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Monday, August 17th will be paid a dividend of $1.38 per share. 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 presently 51.73%.

Rockwell Automation declared that its Board of Directors has approved a stock repurchase program 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 programs are typically an indication that the company’s board of directors 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.