Texas Capital Bank Wealth Management Services Inc Buys Shares of 1,229 Rockwell Automation, Inc. $ROK

Texas Capital Bank Wealth Management Services Inc purchased a new stake in shares of Rockwell Automation, Inc. (NYSE:ROK) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 1,229 shares of the industrial products company’s stock, valued at approximately $608,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Mandatum Life Insurance Co Ltd grew its stake in shares of Rockwell Automation by 26.9% in the first quarter. Mandatum Life Insurance Co Ltd now owns 22,200 shares of the industrial products company’s stock worth $7,967,000 after purchasing an additional 4,700 shares during the last quarter. Brighton Jones LLC bought a new position in Rockwell Automation during the 4th quarter worth $281,000. Handelsbanken Fonder AB lifted its holdings in Rockwell Automation by 24.6% during the 4th quarter. Handelsbanken Fonder AB now owns 169,457 shares of the industrial products company’s stock worth $65,931,000 after buying an additional 33,413 shares during the period. Crossmark Global Holdings Inc. lifted its holdings in Rockwell Automation by 197.9% during the 4th quarter. Crossmark Global Holdings Inc. now owns 13,905 shares of the industrial products company’s stock worth $5,410,000 after buying an additional 9,238 shares during the period. Finally, Hsbc Holdings PLC grew its position in shares of Rockwell Automation by 19.6% in the 4th quarter. Hsbc Holdings PLC now owns 274,512 shares of the industrial products company’s stock valued at $106,965,000 after buying an additional 44,944 shares during the last quarter. 75.75% of the stock is currently owned by institutional investors.

Rockwell Automation Trading Down 0.8%

NYSE ROK opened at $445.69 on Tuesday. The stock has a market capitalization of $49.49 billion, a P/E ratio of 41.77, a P/E/G ratio of 2.62 and a beta of 1.54. The business has a 50 day simple moving average of $463.60 and a 200 day simple moving average of $426.67. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.08 and a quick ratio of 0.74. Rockwell Automation, Inc. has a one year low of $332.71 and a one year high of $497.36.

Rockwell Automation (NYSE:ROK) last issued its quarterly earnings results 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 analyst estimates of $2.24 billion. Rockwell Automation had a return on equity of 39.83% and a net margin of 13.39%.The company’s revenue was up 7.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.82 earnings per share. Rockwell Automation has set its FY 2026 guidance at 13.000-13.300 EPS. Research analysts expect that Rockwell Automation, Inc. will post 13.22 earnings per share for the current year.

Rockwell Automation declared that its Board of Directors has initiated a stock repurchase program on Tuesday, June 9th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the industrial products company to buy up to 2% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s board believes its shares are undervalued.

Rockwell Automation Announces Dividend

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

Insider Buying and Selling at Rockwell Automation

In other Rockwell Automation news, VP John M. Miller sold 1,054 shares of the firm’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 sale, the vice president directly 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. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Matthew W. Fordenwalt sold 377 shares of Rockwell Automation stock in a transaction on Thursday, June 4th. The shares were sold at an average price of $460.51, for a total transaction of $173,612.27. Following the completion of the sale, the senior vice president directly owned 4,437 shares of the company’s stock, valued at approximately $2,043,282.87. This trade represents a 7.83% 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 three months, insiders have sold 1,649 shares of company stock worth $722,119. 0.76% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on ROK shares. DA Davidson assumed coverage on Rockwell Automation in a research note on Tuesday, June 16th. They issued a “neutral” rating and a $500.00 price target for the company. Weiss Ratings reiterated a “buy (b-)” rating on shares of Rockwell Automation in a report on Thursday, June 18th. Argus increased their target price on shares of Rockwell Automation from $465.00 to $530.00 and gave the company a “buy” rating in a research report on Wednesday, June 24th. Citigroup lowered their price target on shares of Rockwell Automation from $555.00 to $536.00 and set a “buy” rating for the company in a report on Wednesday, August 5th. Finally, Sanford C. Bernstein boosted their price target on shares of Rockwell Automation from $501.00 to $514.00 and gave the stock a “market perform” rating in a research report on Friday. Nine analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $468.67.

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.