Chesapeake Capital Corp IL Makes New Investment in Rockwell Automation, Inc. $ROK

Chesapeake Capital Corp IL bought a new position in Rockwell Automation, Inc. (NYSE:ROK) during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 1,426 shares of the industrial products company’s stock, valued at approximately $498,000.

Several other institutional investors also recently modified their holdings of the business. Thurston Springer Miller Herd & Titak Inc. increased its position in shares of Rockwell Automation by 468.8% during the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 91 shares of the industrial products company’s stock valued at $32,000 after purchasing an additional 75 shares during the last quarter. Rexford Capital Inc. purchased a new position in shares of Rockwell Automation in the 2nd quarter worth about $33,000. Ameriflex Group Inc. grew its position in Rockwell Automation by 100.0% during the third quarter. Ameriflex Group Inc. now owns 100 shares of the industrial products company’s stock valued at $35,000 after buying an additional 50 shares during the period. SBI Securities Co. Ltd. grew its position in Rockwell Automation by 48.7% during the second quarter. SBI Securities Co. Ltd. now owns 116 shares of the industrial products company’s stock valued at $39,000 after buying an additional 38 shares during the period. Finally, Financial Gravity Companies Inc. purchased a new stake in Rockwell Automation during the second quarter worth about $40,000. 75.75% of the stock is owned by institutional investors.

Insider Activity

In other news, SVP Tessa M. Myers sold 1,985 shares of the firm’s stock in a transaction on Wednesday, February 25th. The stock was 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 of the company’s stock, valued at $1,652,217.32. This trade represents a 32.97% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Christopher Nardecchia sold 14,465 shares of the stock in a transaction dated Thursday, February 26th. The stock was sold at an average price of $410.01, for a total value of $5,930,794.65. Following the sale, the senior vice president directly owned 14,232 shares in the company, valued at $5,835,262.32. This trade represents a 50.41% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 49,228 shares of company stock valued at $19,992,391. 0.76% of the stock is currently owned by corporate insiders.

Rockwell Automation Price Performance

Shares of NYSE:ROK opened at $361.02 on Friday. The company has a quick ratio of 0.80, a current ratio of 1.16 and a debt-to-equity ratio of 0.68. The firm has a market capitalization of $40.56 billion, a PE ratio of 41.31, a P/E/G ratio of 2.56 and a beta of 1.53. Rockwell Automation, Inc. has a twelve month low of $215.00 and a twelve month high of $438.72. The company has a 50-day moving average price of $403.96 and a two-hundred day moving average price of $380.46.

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

Rockwell Automation Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on ROK shares. The Goldman Sachs Group upgraded shares of Rockwell Automation from a “sell” rating to a “neutral” rating and boosted their target price for the company from $329.00 to $448.00 in a research note on Tuesday, December 16th. Argus upgraded shares of Rockwell Automation to a “strong-buy” rating in a research note on Friday, January 16th. Barclays lifted their price target on shares of Rockwell Automation from $435.00 to $450.00 and gave the stock an “overweight” rating in a report on Wednesday, January 7th. Zacks Research downgraded Rockwell Automation from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 12th. Finally, Morgan Stanley reissued an “overweight” rating and set a $460.00 price objective on shares of Rockwell Automation in a report on Sunday, February 8th. Two research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $418.33.

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.