Rockwell Automation, Inc. $ROK Stock Position Raised by Resona Asset Management Co. Ltd.

Resona Asset Management Co. Ltd. boosted its position in shares of Rockwell Automation, Inc. (NYSE:ROK) by 5.1% during the 2nd quarter, HoldingsChannel reports. The firm owned 38,657 shares of the industrial products company’s stock after buying an additional 1,888 shares during the quarter. Resona Asset Management Co. Ltd.’s holdings in Rockwell Automation were worth $12,827,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Brighton Jones LLC acquired a new position in Rockwell Automation during the fourth quarter valued at $281,000. Envestnet Asset Management Inc. boosted its holdings in shares of Rockwell Automation by 46.4% during the first quarter. Envestnet Asset Management Inc. now owns 279,852 shares of the industrial products company’s stock worth $72,308,000 after purchasing an additional 88,713 shares during the period. TD Private Client Wealth LLC grew its position in Rockwell Automation by 27.1% during the first quarter. TD Private Client Wealth LLC now owns 1,938 shares of the industrial products company’s stock valued at $501,000 after purchasing an additional 413 shares in the last quarter. U.S. Capital Wealth Advisors LLC acquired a new position in Rockwell Automation in the 1st quarter valued at approximately $240,000. Finally, Valeo Financial Advisors LLC increased its stake in Rockwell Automation by 64.4% in the 1st quarter. Valeo Financial Advisors LLC now owns 2,022 shares of the industrial products company’s stock valued at $522,000 after buying an additional 792 shares during the period. Hedge funds and other institutional investors own 75.75% of the company’s stock.

Rockwell Automation Stock Performance

NYSE:ROK opened at $373.67 on Friday. The firm’s 50-day moving average is $349.71 and its 200-day moving average is $331.38. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.72 and a current ratio of 1.06. The company has a market cap of $42.01 billion, a price-to-earnings ratio of 43.86, a PEG ratio of 3.30 and a beta of 1.45. Rockwell Automation, Inc. has a 52-week low of $215.00 and a 52-week high of $396.89.

Rockwell Automation (NYSE:ROK) last announced its quarterly earnings data on Thursday, November 6th. The industrial products company reported $3.34 EPS for the quarter, topping analysts’ consensus estimates of $2.94 by $0.40. The company had revenue of $2.32 billion during the quarter, compared to the consensus estimate of $2.19 billion. Rockwell Automation had a return on equity of 30.14% and a net margin of 12.03%.The company’s quarterly revenue was up 13.8% on a year-over-year basis. During the same quarter last year, the company earned $2.47 EPS. Rockwell Automation has set its FY 2026 guidance at 11.200-12.200 EPS. Equities research analysts anticipate that Rockwell Automation, Inc. will post 9.35 earnings per share for the current year.

Rockwell Automation Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders of record on Monday, November 17th will be paid a dividend of $1.38 per share. This is a positive change from Rockwell Automation’s previous quarterly dividend of $1.31. This represents a $5.52 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date is Monday, November 17th. Rockwell Automation’s dividend payout ratio is 64.79%.

Analyst Ratings Changes

Several equities analysts have recently commented on ROK shares. Weiss Ratings restated a “buy (b-)” rating on shares of Rockwell Automation in a report on Wednesday, October 8th. Citigroup reiterated a “buy” rating on shares of Rockwell Automation in a research note on Thursday, October 9th. Bank of America upgraded shares of Rockwell Automation from a “neutral” rating to a “buy” rating and increased their price target for the stock from $360.00 to $410.00 in a research note on Wednesday, July 16th. Oppenheimer restated an “outperform” rating and set a $391.00 price target on shares of Rockwell Automation in a report on Friday. Finally, Wells Fargo & Company upped their price objective on shares of Rockwell Automation from $355.00 to $380.00 and gave the stock an “equal weight” rating in a report on Friday. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Rockwell Automation presently has an average rating of “Moderate Buy” and a consensus price target of $353.39.

Insider Buying and Selling at Rockwell Automation

In related news, SVP Matheus De A. G. Viera Bulho sold 822 shares of the business’s stock in a transaction on Wednesday, October 29th. The stock was sold at an average price of $365.00, for a total value of $300,030.00. Following the sale, the senior vice president owned 983 shares of the company’s stock, valued at $358,795. The trade was a 45.54% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director James P. Keane sold 3,000 shares of the stock in a transaction on Tuesday, August 26th. The stock was sold at an average price of $356.06, for a total value of $1,068,180.00. Following the transaction, the director owned 9,192 shares of the company’s stock, valued at $3,272,903.52. This represents a 24.61% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 30,375 shares of company stock worth $10,661,109 over the last three months. 0.68% of the stock is currently owned by insiders.

Rockwell Automation Company Profile

Rockwell Automation, Inc provides industrial automation and digital transformation solutions in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. The company operates through three segments, Intelligent Devices, Software & Control, and Lifecycle Services. Its solutions include hardware and software products and services.