Jain Global LLC Cuts Position in Rockwell Automation, Inc. $ROK

Jain Global LLC trimmed its position in shares of Rockwell Automation, Inc. (NYSE:ROK) by 52.2% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 40,540 shares of the industrial products company’s stock after selling 44,273 shares during the period. Jain Global LLC’s holdings in Rockwell Automation were worth $14,170,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. raised its holdings in shares of Rockwell Automation by 1.5% in the 2nd quarter. Vanguard Group Inc. now owns 14,058,406 shares of the industrial products company’s stock valued at $4,669,781,000 after buying an additional 207,448 shares during the period. Invesco Ltd. boosted its holdings in Rockwell Automation by 12.0% during the 3rd quarter. Invesco Ltd. now owns 1,235,788 shares of the industrial products company’s stock valued at $431,945,000 after acquiring an additional 132,637 shares during the period. Norges Bank acquired a new position in Rockwell Automation in the 2nd quarter valued at about $368,575,000. Holocene Advisors LP grew its position in Rockwell Automation by 14.1% in the 3rd quarter. Holocene Advisors LP now owns 989,429 shares of the industrial products company’s stock valued at $345,835,000 after acquiring an additional 122,437 shares in the last quarter. Finally, Fisher Asset Management LLC increased its stake in Rockwell Automation by 3.8% during the third quarter. Fisher Asset Management LLC now owns 822,501 shares of the industrial products company’s stock worth $287,489,000 after purchasing an additional 29,998 shares during the period. 75.75% of the stock is currently owned by hedge funds and other institutional investors.

Rockwell Automation Stock Performance

Shares of Rockwell Automation stock opened at $361.02 on Monday. The business has a 50-day simple moving average of $403.96 and a 200-day simple moving average of $380.85. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.80 and a current ratio of 1.16. Rockwell Automation, Inc. has a one year low of $215.00 and a one year high of $438.72. The company has a market cap of $40.56 billion, a PE ratio of 41.31, a P/E/G ratio of 2.58 and a beta of 1.53.

Rockwell Automation (NYSE:ROK) last issued its earnings results on Thursday, February 5th. The industrial products company reported $2.75 earnings per share for the quarter, beating the consensus estimate of $2.46 by $0.29. Rockwell Automation had a net margin of 11.56% and a return on equity of 34.92%. The firm had revenue of $2.11 billion for the quarter, compared to analysts’ expectations of $2.08 billion. During the same quarter last year, the company earned $1.83 earnings per share. The firm’s revenue was up 11.9% compared to the same quarter last year. Rockwell Automation has set its FY 2026 guidance at 11.400-12.200 EPS. On average, equities research analysts forecast that Rockwell Automation, Inc. will post 9.35 EPS for the current fiscal year.

Rockwell Automation Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 10th. Stockholders of record on Monday, February 23rd were given a dividend of $1.38 per share. This represents a $5.52 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend was Monday, February 23rd. Rockwell Automation’s payout ratio is 63.16%.

Insider Buying and Selling at Rockwell Automation

In related news, VP Scott Genereux sold 17,407 shares of the business’s stock in a transaction on Wednesday, February 25th. The shares were sold at an average price of $404.61, for a total transaction of $7,043,046.27. Following the completion of the transaction, the vice president owned 3,314 shares in the company, valued at approximately $1,340,877.54. The trade was a 84.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Tessa M. Myers sold 1,985 shares of the stock in a transaction on Wednesday, February 25th. The shares were sold at an average price of $409.37, for a total value of $812,599.45. Following the completion of the transaction, the senior vice president directly owned 4,036 shares in the company, valued at $1,652,217.32. This trade represents a 32.97% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 49,228 shares of company stock worth $19,992,391. 0.76% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. KeyCorp reissued an “overweight” rating and set a $470.00 price target on shares of Rockwell Automation in a research report on Friday, February 6th. JPMorgan Chase & Co. upped their target price on shares of Rockwell Automation from $400.00 to $404.00 and gave the stock a “neutral” rating in a research note on Friday, January 16th. Citigroup increased their target price on shares of Rockwell Automation from $439.00 to $466.00 and gave the stock a “buy” rating in a report on Monday, December 8th. Wells Fargo & Company raised their price target on shares of Rockwell Automation from $380.00 to $410.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 7th. Finally, Oppenheimer downgraded shares of Rockwell Automation from an “outperform” rating to a “market perform” rating in a research note on Tuesday, January 20th. Two investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and eleven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Rockwell Automation currently has an average rating of “Moderate Buy” and an average target price of $418.33.

About Rockwell Automation

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.