Rockwell Automation, Inc. $ROK Shares Bought by CIBC Asset Management Inc

CIBC Asset Management Inc raised its position in Rockwell Automation, Inc. (NYSE:ROK) by 57.1% during the 4th quarter, Holdings Channel reports. The firm owned 27,222 shares of the industrial products company’s stock after acquiring an additional 9,898 shares during the quarter. CIBC Asset Management Inc’s holdings in Rockwell Automation were worth $10,591,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of ROK. HBK Sorce Advisory LLC lifted its holdings in Rockwell Automation by 0.7% in the 4th quarter. HBK Sorce Advisory LLC now owns 3,719 shares of the industrial products company’s stock valued at $1,544,000 after purchasing an additional 27 shares in the last quarter. Nations Financial Group Inc. IA ADV lifted its holdings in Rockwell Automation by 2.0% in the 4th quarter. Nations Financial Group Inc. IA ADV now owns 1,446 shares of the industrial products company’s stock valued at $563,000 after purchasing an additional 28 shares in the last quarter. Robertson Stephens Wealth Management LLC lifted its holdings in Rockwell Automation by 2.4% in the 4th quarter. Robertson Stephens Wealth Management LLC now owns 1,202 shares of the industrial products company’s stock valued at $468,000 after purchasing an additional 28 shares in the last quarter. Equitable Trust Co. lifted its holdings in Rockwell Automation by 1.1% in the 3rd quarter. Equitable Trust Co. now owns 2,598 shares of the industrial products company’s stock valued at $908,000 after purchasing an additional 29 shares in the last quarter. Finally, Eukles Asset Management lifted its holdings in Rockwell Automation by 0.3% in the 4th quarter. Eukles Asset Management now owns 9,596 shares of the industrial products company’s stock valued at $3,734,000 after purchasing an additional 29 shares in the last quarter. Institutional investors and hedge funds own 75.75% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on ROK shares. Wall Street Zen lowered shares of Rockwell Automation from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. 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. Evercore upped their target price on shares of Rockwell Automation from $440.00 to $480.00 in a report on Wednesday, May 6th. BNP Paribas Exane increased their target price on Rockwell Automation from $495.00 to $515.00 in a research report on Wednesday, May 6th. Finally, Wells Fargo & Company increased their target price on Rockwell Automation from $360.00 to $440.00 and gave the stock an “equal weight” rating in a research report on Wednesday, May 6th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and ten have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $449.16.

Rockwell Automation Stock Performance

NYSE ROK opened at $446.48 on Friday. The business’s 50-day moving average price is $418.83 and its 200 day moving average price is $404.04. Rockwell Automation, Inc. has a twelve month low of $305.44 and a twelve month high of $468.11. The company has a market capitalization of $49.68 billion, a PE ratio of 46.41, a price-to-earnings-growth ratio of 2.96 and a beta of 1.57. The company has a current ratio of 1.09, a quick ratio of 0.76 and a debt-to-equity ratio of 0.72.

Rockwell Automation (NYSE:ROK) last released its earnings results on Tuesday, May 5th. The industrial products company reported $3.30 earnings per share for the quarter, topping the consensus estimate of $2.88 by $0.42. Rockwell Automation had a return on equity of 37.54% and a net margin of 12.36%.The firm had revenue of $2.24 billion for the quarter, compared to the consensus estimate of $2.16 billion. During the same period in the prior year, the business posted $2.45 earnings per share. The firm’s revenue for the quarter was up 11.9% compared to the same quarter last year. Rockwell Automation has set its FY 2026 guidance at 12.500-13.100 EPS. On average, research analysts predict that Rockwell Automation, Inc. will post 13.01 earnings per share for the current year.

Rockwell Automation Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Monday, May 18th will be issued a $1.38 dividend. This represents a $5.52 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Monday, May 18th. Rockwell Automation’s dividend payout ratio (DPR) is 57.38%.

Insider Buying and Selling

In other news, SVP Matthew W. Fordenwalt sold 1,200 shares of the firm’s stock in a transaction dated Monday, April 13th. The stock was sold at an average price of $400.00, for a total value of $480,000.00. Following the transaction, the senior vice president directly owned 4,437 shares in the company, valued at $1,774,800. This trade represents a 21.29% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, 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 completion of the transaction, the vice president owned 5,615 shares in the company, valued at approximately $2,392,102.30. This trade represents a 15.80% decrease in their ownership of the stock. 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. Over the last quarter, insiders sold 12,308 shares of company stock worth $5,339,812. Corporate insiders own 0.76% of the company’s stock.

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.