Iyo Bank Ltd. Makes New Investment in Rockwell Automation, Inc. $ROK

Iyo Bank Ltd. bought a new stake in shares of Rockwell Automation, Inc. (NYSE:ROK) in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 21,350 shares of the industrial products company’s stock, valued at approximately $10,570,000. Rockwell Automation comprises about 3.2% of Iyo Bank Ltd.’s investment portfolio, making the stock its 12th largest holding.

A number of other large investors also recently modified their holdings of ROK. Brighton Jones LLC bought a new stake in shares of Rockwell Automation during the 4th quarter valued at about $281,000. AQR Capital Management LLC lifted its holdings in Rockwell Automation by 75.9% in the first quarter. AQR Capital Management LLC now owns 8,139 shares of the industrial products company’s stock worth $2,059,000 after acquiring an additional 3,513 shares during the last quarter. Empowered Funds LLC boosted its stake in Rockwell Automation by 142.7% in the first quarter. Empowered Funds LLC now owns 7,305 shares of the industrial products company’s stock valued at $1,887,000 after acquiring an additional 4,295 shares during the period. Acadian Asset Management LLC boosted its stake in Rockwell Automation by 233.6% in the first quarter. Acadian Asset Management LLC now owns 1,878 shares of the industrial products company’s stock valued at $484,000 after acquiring an additional 1,315 shares during the period. Finally, Jump Financial LLC bought a new position in shares of Rockwell Automation during the second quarter valued at approximately $868,000. 75.75% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Rockwell Automation news, SVP Matthew W. Fordenwalt sold 377 shares of the business’s stock in a transaction on Thursday, June 4th. The stock was sold at an average price of $460.51, for a total transaction of $173,612.27. Following the completion of the transaction, the senior vice president owned 4,437 shares in the company, valued at approximately $2,043,282.87. The trade was a 7.83% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Christian E. Rothe sold 590 shares of the stock in a transaction on Thursday, August 20th. The stock was 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 of the company’s stock, valued at approximately $4,529,314.70. The trade was a 5.35% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 1,185 shares of company stock valued at $529,331 in the last quarter. 0.76% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. Evercore set a $485.00 price target on Rockwell Automation in a research report on Wednesday, August 5th. Wells Fargo & Company boosted their price objective on Rockwell Automation from $360.00 to $440.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 6th. KeyCorp upped their price objective on Rockwell Automation from $470.00 to $510.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 6th. Zacks Research lowered Rockwell Automation from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 30th. Finally, HSBC raised their target price on Rockwell Automation from $445.00 to $490.00 in a research note on Wednesday, May 6th. Nine equities research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $468.19.

Rockwell Automation Price Performance

NYSE ROK opened at $437.50 on Friday. The company has a 50-day moving average price of $461.98 and a two-hundred day moving average price of $427.00. Rockwell Automation, Inc. has a 52 week low of $332.71 and a 52 week high of $497.36. The stock has a market cap of $48.58 billion, a price-to-earnings ratio of 41.00, a price-to-earnings-growth ratio of 2.52 and a beta of 1.54. The company has a current ratio of 1.08, a quick ratio of 0.74 and a debt-to-equity ratio of 0.74.

Rockwell Automation (NYSE:ROK) last released 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. The company had revenue of $2.31 billion for the quarter, compared to analysts’ expectations of $2.24 billion. Rockwell Automation had a return on equity of 39.83% and a net margin of 13.39%.The business’s revenue for the quarter was up 7.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.82 earnings per share. Rockwell Automation has set its FY 2026 guidance at 13.000-13.300 EPS. Analysts forecast that Rockwell Automation, Inc. will post 13.22 EPS for the current year.

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

Rockwell Automation Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Monday, August 17th will be paid a dividend of $1.38 per share. The ex-dividend date of this dividend is Monday, August 17th. This represents a $5.52 annualized dividend and a yield of 1.3%. Rockwell Automation’s payout ratio is presently 51.73%.

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.