Jupiter Topco LLC Makes New Investment in Rockwell Automation, Inc. $ROK

Jupiter Topco LLC acquired a new stake in Rockwell Automation, Inc. (NYSE:ROK) in the second quarter, Holdings Channel.com reports. The institutional investor acquired 14,389 shares of the industrial products company’s stock, valued at approximately $7,127,000.

Other large investors have also recently made changes to their positions in the company. Flputnam Investment Management Co. purchased a new stake in Rockwell Automation in the 2nd quarter worth about $1,001,000. Mandatum Life Insurance Co Ltd raised its stake in Rockwell Automation by 26.9% in the 1st quarter. Mandatum Life Insurance Co Ltd now owns 22,200 shares of the industrial products company’s stock valued at $7,967,000 after acquiring an additional 4,700 shares during the period. Brighton Jones LLC purchased a new stake in Rockwell Automation during the fourth quarter valued at about $281,000. Handelsbanken Fonder AB lifted its holdings in Rockwell Automation by 24.6% during the fourth quarter. Handelsbanken Fonder AB now owns 169,457 shares of the industrial products company’s stock valued at $65,931,000 after purchasing an additional 33,413 shares during the last quarter. Finally, Crossmark Global Holdings Inc. boosted its position in Rockwell Automation by 197.9% during the fourth quarter. Crossmark Global Holdings Inc. now owns 13,905 shares of the industrial products company’s stock worth $5,410,000 after purchasing an additional 9,238 shares during the period. 75.75% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Rockwell Automation news, Director Patricia A. Watson sold 1,100 shares of the firm’s stock in a transaction on Thursday, August 27th. The shares were sold at an average price of $431.43, for a total value of $474,573.00. Following the completion of the transaction, the director directly owned 6,385 shares of the company’s stock, valued at $2,754,680.55. This trade represents a 14.70% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Christian E. Rothe sold 590 shares of the business’s stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $434.30, for a total transaction of $256,237.00. Following the transaction, the chief financial officer owned 10,429 shares of the company’s stock, valued at $4,529,314.70. This trade represents a 5.35% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 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 2,285 shares of company stock worth $1,003,904 in the last three months. 0.76% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research firms have recently weighed in on ROK. Weiss Ratings reiterated a “buy (b-)” rating on shares of Rockwell Automation in a research note on Thursday, June 18th. HSBC raised their price objective on shares of Rockwell Automation from $445.00 to $490.00 in a report on Wednesday, May 6th. Sanford C. Bernstein lifted their price objective on shares of Rockwell Automation from $501.00 to $514.00 and gave the company a “market perform” rating in a research note on Friday, August 14th. Wells Fargo & Company boosted their target price on shares of Rockwell Automation from $360.00 to $440.00 and gave the company an “equal weight” rating in a report on Wednesday, May 6th. Finally, The Goldman Sachs Group increased their target price on Rockwell Automation from $448.00 to $487.00 in a research report on Wednesday, May 6th. Nine analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $468.19.

Rockwell Automation Stock Down 0.0%

ROK stock opened at $430.73 on Monday. The stock has a 50-day simple moving average of $458.33 and a two-hundred day simple moving average of $427.43. Rockwell Automation, Inc. has a twelve month low of $332.71 and a twelve month high of $497.36. The firm has a market capitalization of $47.83 billion, a PE ratio of 40.37, a PEG ratio of 2.52 and a beta of 1.54. The company has a quick ratio of 0.74, a current ratio of 1.08 and a debt-to-equity ratio of 0.74.

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

Rockwell Automation announced that its board has authorized a stock repurchase plan on Tuesday, June 9th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the industrial products company to reacquire up to 2% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.

Rockwell Automation Dividend Announcement

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 issued a dividend of $1.38 per share. 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 51.73%.

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.