Tema ETFs LLC Grows Position in Rockwell Automation, Inc. $ROK

Tema ETFs LLC boosted its holdings in shares of Rockwell Automation, Inc. (NYSE:ROK) by 19.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,673 shares of the industrial products company’s stock after acquiring an additional 4,093 shares during the period. Tema ETFs LLC’s holdings in Rockwell Automation were worth $12,215,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in ROK. MV Capital Management Inc. bought a new position in shares of Rockwell Automation during the fourth quarter valued at approximately $28,000. Manchester Capital Management LLC raised its stake in Rockwell Automation by 97.5% in the fourth quarter. Manchester Capital Management LLC now owns 79 shares of the industrial products company’s stock worth $31,000 after buying an additional 39 shares in the last quarter. Cassaday & Co Wealth Management LLC purchased a new stake in Rockwell Automation during the first quarter worth $31,000. First Horizon Corp purchased a new stake in Rockwell Automation during the fourth quarter worth $32,000. Finally, BOK Financial Private Wealth Inc. bought a new stake in Rockwell Automation during the 4th quarter valued at $33,000. Hedge funds and other institutional investors own 75.75% of the company’s stock.

Rockwell Automation Trading Up 2.7%

Rockwell Automation stock opened at $446.82 on Wednesday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.74 and a current ratio of 1.08. The stock has a market cap of $49.62 billion, a PE ratio of 41.88, a price-to-earnings-growth ratio of 2.55 and a beta of 1.54. The stock has a 50-day moving average of $464.20 and a two-hundred day moving average of $425.91. Rockwell Automation, Inc. has a one year low of $329.10 and a one year high of $497.36.

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, beating the consensus estimate of $3.38 by $0.11. The firm had revenue of $2.31 billion for the quarter, compared to the consensus estimate of $2.24 billion. Rockwell Automation had a net margin of 13.39% and a return on equity of 39.83%. The company’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 company posted $2.82 earnings per share. Rockwell Automation has set its FY 2026 guidance at 13.000-13.300 EPS. On average, research analysts anticipate that Rockwell Automation, Inc. will post 13.19 EPS for the current fiscal year.

Rockwell Automation announced that its Board of Directors has approved a stock repurchase plan on Tuesday, June 9th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the industrial products company to purchase up to 2% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s management believes its stock is undervalued.

Rockwell Automation Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Monday, August 17th will be issued a dividend of $1.38 per share. The ex-dividend date of this dividend is Monday, August 17th. This represents a $5.52 dividend on an annualized basis and a dividend yield of 1.2%. Rockwell Automation’s payout ratio is 51.73%.

Insiders Place Their Bets

In other news, VP John M. Miller sold 1,054 shares of the 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 transaction, the vice president directly owned 5,615 shares of the company’s stock, valued at approximately $2,392,102.30. This represents a 15.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, 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 value of $173,612.27. Following the completion of the transaction, the senior vice president owned 4,437 shares of the company’s stock, valued at approximately $2,043,282.87. The trade was a 7.83% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 1,649 shares of company stock valued at $722,119 in the last 90 days. 0.76% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms have recently commented on ROK. Morgan Stanley reissued an “overweight” rating and issued a $525.00 price target on shares of Rockwell Automation in a research report on Wednesday, May 6th. Argus raised their price objective on Rockwell Automation from $465.00 to $530.00 and gave the company a “buy” rating in a research report on Wednesday, June 24th. Wall Street Zen lowered Rockwell Automation from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. Wells Fargo & Company boosted their target price on shares of Rockwell Automation from $360.00 to $440.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 6th. Finally, Mizuho set a $445.00 price target on shares of Rockwell Automation in a research report on Wednesday, May 6th. Nine research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Rockwell Automation currently has a consensus rating of “Hold” and an average price target of $468.05.

Rockwell Automation 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.