Journey Advisory Group LLC Cuts Stock Position in Rockwell Automation, Inc. $ROK

Journey Advisory Group LLC cut its stake in shares of Rockwell Automation, Inc. (NYSE:ROK) by 24.7% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,105 shares of the industrial products company’s stock after selling 1,350 shares during the quarter. Journey Advisory Group LLC’s holdings in Rockwell Automation were worth $1,473,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the stock. MV Capital Management Inc. purchased a new stake in Rockwell Automation during the 4th quarter valued at about $28,000. Manchester Capital Management LLC raised its holdings in Rockwell Automation by 97.5% in the fourth quarter. Manchester Capital Management LLC now owns 79 shares of the industrial products company’s stock worth $31,000 after buying an additional 39 shares during the last quarter. First Horizon Corp purchased a new position in Rockwell Automation in the fourth quarter worth about $32,000. BOK Financial Private Wealth Inc. bought a new position in shares of Rockwell Automation in the fourth quarter worth approximately $33,000. Finally, TD Capital Management LLC purchased a new stake in shares of Rockwell Automation during the fourth quarter valued at approximately $33,000. Hedge funds and other institutional investors own 75.75% of the company’s stock.

Rockwell Automation Stock Down 1.8%

Shares of Rockwell Automation stock opened at $461.47 on Thursday. Rockwell Automation, Inc. has a twelve month low of $305.44 and a twelve month high of $497.36. The company has a quick ratio of 0.76, a current ratio of 1.09 and a debt-to-equity ratio of 0.72. The company’s 50 day moving average is $460.71 and its 200 day moving average is $418.89. The company has a market cap of $51.35 billion, a price-to-earnings ratio of 47.97, a price-to-earnings-growth ratio of 2.99 and a beta of 1.54.

Rockwell Automation (NYSE:ROK) last posted its earnings results on Tuesday, May 5th. The industrial products company reported $3.30 EPS for the quarter, topping analysts’ consensus estimates of $2.88 by $0.42. The business had revenue of $2.24 billion during the quarter, compared to the consensus estimate of $2.16 billion. Rockwell Automation had a net margin of 12.36% and a return on equity of 37.54%. The firm’s revenue was up 11.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.45 EPS. Rockwell Automation has set its FY 2026 guidance at 12.500-13.100 EPS. Research analysts anticipate that Rockwell Automation, Inc. will post 13.06 EPS for the current year.

Rockwell Automation Announces Dividend

The company also recently disclosed 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 of this dividend is Monday, August 17th. This represents a $5.52 annualized dividend and a dividend yield of 1.2%. Rockwell Automation’s payout ratio is presently 57.38%.

Rockwell Automation announced that its Board of Directors has initiated a stock repurchase plan on Tuesday, June 9th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the industrial products company to purchase up to 2% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s management believes its stock is undervalued.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on ROK. JPMorgan Chase & Co. raised their price target on shares of Rockwell Automation from $404.00 to $417.00 and gave the company a “neutral” rating in a research 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. Zacks Research upgraded Rockwell Automation from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 1st. Mizuho set a $445.00 target price on Rockwell Automation in a report on Wednesday, May 6th. Finally, Evercore boosted their price target on Rockwell Automation from $440.00 to $480.00 in a research note on Wednesday, May 6th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and eleven have assigned a Hold rating to the company. According to data from MarketBeat, Rockwell Automation currently has a consensus rating of “Moderate Buy” and a consensus target price of $469.33.

Insider Buying and Selling

In other Rockwell Automation news, VP John M. Miller sold 1,054 shares of the firm’s stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $426.02, for a total value of $449,025.08. Following the transaction, the vice president directly owned 5,615 shares of the company’s stock, valued at approximately $2,392,102.30. This trade represents a 15.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Scott Genereux sold 550 shares of the business’s stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $447.73, for a total value of $246,251.50. Following the sale, the vice president owned 2,764 shares of the company’s stock, valued at approximately $1,237,525.72. This represents a 16.60% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 9,361 shares of company stock valued at $4,189,886 over the last ninety days. 0.76% of the stock is owned by insiders.

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.