Pinnacle Wealth Management Advisory Group LLC Buys 1,424 Shares of Rockwell Automation, Inc. $ROK

Pinnacle Wealth Management Advisory Group LLC lifted its position in Rockwell Automation, Inc. (NYSE:ROK) by 188.4% in the second quarter, Holdings Channel reports. The firm owned 2,180 shares of the industrial products company’s stock after buying an additional 1,424 shares during the period. Pinnacle Wealth Management Advisory Group LLC’s holdings in Rockwell Automation were worth $1,079,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of ROK. Virtus Advisers LLC bought a new stake in Rockwell Automation during the 2nd quarter valued at $25,000. MV Capital Management Inc. bought a new position in shares of Rockwell Automation during the 4th quarter worth $28,000. Manchester Capital Management LLC grew its position in shares of Rockwell Automation by 97.5% during the 4th 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 position in shares of Rockwell Automation during the first quarter valued at $31,000. Finally, BOK Financial Private Wealth Inc. bought a new stake in shares of Rockwell Automation in the fourth quarter valued at about $33,000. Institutional investors own 75.75% of the company’s stock.

Rockwell Automation Stock Down 0.6%

NYSE:ROK opened at $426.73 on Thursday. 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 capitalization of $47.39 billion, a P/E ratio of 39.99, a P/E/G ratio of 2.50 and a beta of 1.52. The company’s 50-day simple moving average is $450.53 and its 200-day simple moving average is $429.20. Rockwell Automation, Inc. has a fifty-two week low of $332.71 and a fifty-two week high of $497.36.

Rockwell Automation (NYSE:ROK) last posted its earnings results on Tuesday, August 4th. The industrial products company reported $3.49 EPS for the quarter, beating 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 company had revenue of $2.31 billion during the quarter, compared to analysts’ expectations of $2.24 billion. During the same quarter in the prior year, the company posted $2.82 earnings per share. Rockwell Automation’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, equities analysts anticipate that Rockwell Automation, Inc. will post 13.23 earnings per share for the current fiscal year.

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

Insiders Place Their Bets

In other Rockwell Automation news, SVP Matheus Bulho sold 467 shares of the stock in a transaction dated Monday, August 31st. The stock was sold at an average price of $426.96, for a total value of $199,390.32. Following the completion of the sale, the senior vice president directly owned 1,267 shares in the company, valued at approximately $540,958.32. This trade represents a 26.93% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Patricia Watson sold 1,100 shares of the firm’s stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of $431.43, for a total value of $474,573.00. Following the completion of the sale, the director directly owned 6,385 shares of the company’s stock, valued at approximately $2,754,680.55. This represents a 14.70% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 2,711 shares of company stock valued at $1,164,880. 0.76% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Zacks Research lowered shares of Rockwell Automation from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 30th. DA Davidson lowered their price target on shares of Rockwell Automation from $500.00 to $490.00 and set a “neutral” rating for the company in a research report on Friday, August 21st. Evercore set a $485.00 price objective on shares of Rockwell Automation in a report on Wednesday, August 5th. Argus boosted their price objective on shares of Rockwell Automation from $465.00 to $530.00 and gave the stock a “buy” rating in a research note on Wednesday, June 24th. Finally, Robert W. Baird set a $514.00 target price on Rockwell Automation in a research report on Wednesday, August 5th. Nine research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $469.14.

Rockwell Automation Profile

Rockwell Automation, Inc (NYSE: ROK) is a global provider of industrial automation and digital transformation technologies. The company helps manufacturers and other industrial organizations improve productivity, safety, quality and operational efficiency by connecting control systems, equipment, software and data across production environments.

Its portfolio includes programmable logic controllers, industrial computers, sensors, motor control and drives, motion-control systems, safety equipment, human-machine interfaces and industrial networking technologies.