Janus Henderson Group PLC Has $4.84 Million Stake in Rockwell Automation, Inc. $ROK

Janus Henderson Group PLC reduced its holdings in shares of Rockwell Automation, Inc. (NYSE:ROK) by 62.3% in the first quarter, HoldingsChannel.com reports. The fund owned 13,509 shares of the industrial products company’s stock after selling 22,302 shares during the quarter. Janus Henderson Group PLC’s holdings in Rockwell Automation were worth $4,845,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in ROK. Oddo BHF Asset Management Sas acquired a new stake in Rockwell Automation during the first quarter worth approximately $4,706,000. Amundi boosted its holdings in shares of Rockwell Automation by 13.5% during the 1st quarter. Amundi now owns 998,374 shares of the industrial products company’s stock worth $358,296,000 after buying an additional 118,474 shares in the last quarter. EverSource Wealth Advisors LLC grew its position in shares of Rockwell Automation by 18.7% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,126 shares of the industrial products company’s stock worth $404,000 after buying an additional 177 shares during the period. Rokos Capital Management LLP bought a new stake in shares of Rockwell Automation in the 1st quarter valued at $3,936,000. Finally, Evelyn Partners Investment Management LLP boosted its stake in Rockwell Automation by 145.3% during the first quarter. Evelyn Partners Investment Management LLP now owns 5,771 shares of the industrial products company’s stock worth $2,071,000 after acquiring an additional 3,418 shares in the last quarter. 75.75% of the stock is owned by institutional investors.

Rockwell Automation Trading Down 1.8%

NYSE ROK opened at $441.99 on Friday. The company has a current ratio of 1.08, a quick ratio of 0.76 and a debt-to-equity ratio of 0.74. The business has a fifty day simple moving average of $465.20 and a 200 day simple moving average of $425.33. Rockwell Automation, Inc. has a 12 month low of $328.70 and a 12 month high of $497.36. The firm has a market capitalization of $49.08 billion, a P/E ratio of 41.42, a PEG ratio of 2.64 and a beta of 1.54.

Rockwell Automation (NYSE:ROK) last posted its quarterly earnings data 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 previous year, the firm earned $2.82 EPS. The business’s revenue for the quarter was up 7.9% compared to the same quarter last year. Rockwell Automation has set its FY 2026 guidance at 13.000-13.300 EPS. On average, analysts predict that Rockwell Automation, Inc. will post 13.17 EPS for the current fiscal year.

Rockwell Automation Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Monday, August 17th will be given 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 dividend yield of 1.2%. Rockwell Automation’s dividend payout ratio (DPR) is currently 51.73%.

Rockwell Automation announced that its Board of Directors has approved a stock repurchase program on Tuesday, June 9th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the industrial products company to reacquire up to 2% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s board believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on ROK shares. Weiss Ratings reiterated a “buy (b-)” rating on shares of Rockwell Automation in a report on Thursday, June 18th. Mizuho set a $445.00 price target on Rockwell Automation in a report on Wednesday, May 6th. TD Cowen boosted their price objective on Rockwell Automation from $350.00 to $400.00 and gave the company a “hold” rating in a report on Wednesday, May 13th. Argus increased their target price on Rockwell Automation from $465.00 to $530.00 and gave the stock a “buy” rating in a report on Wednesday, June 24th. Finally, HSBC lifted their price target on shares of Rockwell Automation from $445.00 to $490.00 in a research report on Wednesday, May 6th. Nine investment analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $468.05.

Insider Activity at Rockwell Automation

In related news, SVP Matthew W. Fordenwalt sold 377 shares of Rockwell Automation 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 sale, the senior vice president directly owned 4,437 shares in the company, valued at approximately $2,043,282.87. This trade represents a 7.83% decrease in their ownership of the stock. 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, VP John M. Miller sold 1,054 shares of the company’s stock in a transaction on Wednesday, May 20th. The shares were 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 of the company’s stock, valued at $2,392,102.30. This trade represents a 15.80% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 1,649 shares of company stock worth $722,119. 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.