Nissay Asset Management Corp Japan Increases Holdings in Rockwell Automation, Inc. $ROK

Nissay Asset Management Corp Japan lifted its stake in shares of Rockwell Automation, Inc. (NYSE:ROK) by 63.4% during the second quarter, HoldingsChannel.com reports. The firm owned 67,367 shares of the industrial products company’s stock after purchasing an additional 26,127 shares during the quarter. Nissay Asset Management Corp Japan’s holdings in Rockwell Automation were worth $33,352,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in ROK. Virtus Advisers LLC bought a new stake in shares of Rockwell Automation during the second quarter valued at about $25,000. MV Capital Management Inc. purchased a new stake in shares of Rockwell Automation in the fourth quarter worth about $28,000. Manchester Capital Management LLC boosted its position in shares of Rockwell Automation by 97.5% in the fourth quarter. Manchester Capital Management LLC now owns 79 shares of the industrial products company’s stock valued at $31,000 after acquiring an additional 39 shares during the period. Cassaday & Co Wealth Management LLC bought a new position in shares of Rockwell Automation in the first quarter valued at approximately $31,000. Finally, BOK Financial Private Wealth Inc. purchased a new position in 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.

Analyst Ratings Changes

A number of research firms recently weighed in on ROK. Rothschild & Co Redburn upped their target price on shares of Rockwell Automation from $365.00 to $378.00 in a report on Wednesday, May 6th. TD Cowen raised their price target on shares of Rockwell Automation from $350.00 to $400.00 and gave the company a “hold” rating in a report on Wednesday, May 13th. BNP Paribas Exane boosted their price target on shares of Rockwell Automation from $495.00 to $515.00 in a research report on Wednesday, May 6th. HSBC upped their price target on shares of Rockwell Automation from $445.00 to $490.00 in a report on Wednesday, May 6th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Rockwell Automation in a research report on Thursday, June 18th. Nine equities research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $468.19.

Rockwell Automation Trading Down 0.5%

Shares of Rockwell Automation stock opened at $430.73 on Friday. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.08 and a quick ratio of 0.74. Rockwell Automation, Inc. has a 1 year low of $332.71 and a 1 year high of $497.36. The firm has a market cap of $47.83 billion, a PE ratio of 40.37, a PEG ratio of 2.53 and a beta of 1.54. The company has a 50 day simple moving average of $458.33 and a two-hundred day simple moving average of $427.31.

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

Rockwell Automation Announces Dividend

The company 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 $1.38 dividend. This represents a $5.52 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend is Monday, August 17th. Rockwell Automation’s dividend payout ratio is currently 51.73%.

Rockwell Automation declared that its board has approved a stock repurchase program on Tuesday, June 9th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the industrial products company to purchase up to 2% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board believes its stock is undervalued.

Insider Buying and Selling at Rockwell Automation

In other Rockwell Automation news, SVP Matthew W. Fordenwalt sold 377 shares of the firm’s stock in a transaction dated Thursday, June 4th. The stock was sold at an average price of $460.51, for a total transaction of $173,612.27. Following the sale, the senior vice president owned 4,437 shares in the company, valued at $2,043,282.87. This trade represents a 7.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Patricia A. Watson sold 1,100 shares of the company’s stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of $431.43, for a total value of $474,573.00. Following the completion of the transaction, the director owned 6,385 shares of the company’s stock, valued at $2,754,680.55. The trade was a 14.70% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 2,285 shares of company stock worth $1,003,904 over the last 90 days. Corporate insiders own 0.76% of the company’s stock.

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.