Tidal Investments LLC Buys 10,372 Shares of Rockwell Automation, Inc. $ROK

Tidal Investments LLC lifted its stake in Rockwell Automation, Inc. (NYSE:ROK) by 21.7% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 58,206 shares of the industrial products company’s stock after purchasing an additional 10,372 shares during the quarter. Tidal Investments LLC’s holdings in Rockwell Automation were worth $28,817,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the stock. Virtus Advisers LLC bought a new stake in Rockwell Automation during the 2nd quarter worth approximately $25,000. MV Capital Management Inc. bought a new position in Rockwell Automation in the 4th quarter worth $28,000. Manchester Capital Management LLC boosted its holdings in Rockwell Automation by 97.5% in 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 during the period. Cassaday & Co Wealth Management LLC purchased a new position in shares of Rockwell Automation in the first quarter valued at about $31,000. Finally, BOK Financial Private Wealth Inc. bought a new position in shares of Rockwell Automation in the fourth quarter worth about $33,000. 75.75% of the stock is currently owned by institutional investors.

Rockwell Automation Stock Down 0.6%

Shares of ROK opened at $426.73 on Thursday. The company has a quick ratio of 0.74, a current ratio of 1.08 and a debt-to-equity ratio of 0.74. The business has a fifty day moving average of $450.53 and a 200 day moving average of $429.20. The company has a market cap of $47.39 billion, a PE ratio of 39.99, a P/E/G ratio of 2.50 and a beta of 1.52. Rockwell Automation, Inc. has a 52-week low of $332.71 and a 52-week high of $497.36.

Rockwell Automation (NYSE:ROK) last announced its earnings results on Tuesday, August 4th. The industrial products company reported $3.49 earnings per share for the quarter, beating the consensus estimate of $3.38 by $0.11. Rockwell Automation had a net margin of 13.39% and a return on equity of 39.83%. The business had revenue of $2.31 billion for the quarter, compared to the consensus estimate of $2.24 billion. During the same quarter in the prior year, the firm posted $2.82 earnings per share. The business’s revenue for the quarter was up 7.9% on a year-over-year basis. Rockwell Automation has set its FY 2026 guidance at 13.000-13.300 EPS. On average, sell-side analysts expect that Rockwell Automation, Inc. will post 13.23 EPS for the current year.

Rockwell Automation declared that its board has approved a stock repurchase program on Tuesday, June 9th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the industrial products company to purchase up to 2% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s leadership believes its stock is undervalued.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Citigroup lowered their target price on shares of Rockwell Automation from $555.00 to $536.00 and set a “buy” rating on the stock in a report on Wednesday, August 5th. DA Davidson reduced their price target on shares of Rockwell Automation from $500.00 to $490.00 and set a “neutral” rating on the stock in a report on Friday, August 21st. Zacks Research cut shares of Rockwell Automation from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 30th. Robert W. Baird set a $514.00 price objective on Rockwell Automation in a research report on Wednesday, August 5th. Finally, Sanford C. Bernstein lifted their target price on Rockwell Automation from $501.00 to $514.00 and gave the stock a “market perform” rating in a report on Friday, August 14th. Nine equities research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $469.14.

Insiders Place Their Bets

In other Rockwell Automation news, VP Isaac Woods sold 154 shares of the business’s stock in a transaction dated Tuesday, September 8th. The shares were sold at an average price of $432.62, for a total value of $66,623.48. Following the completion of the sale, the vice president directly owned 1,858 shares of the company’s stock, valued at $803,807.96. The trade was a 7.65% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Christian E. Rothe sold 590 shares of the firm’s stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of $434.30, for a total transaction of $256,237.00. Following the transaction, the chief financial officer directly owned 10,429 shares in the company, valued at approximately $4,529,314.70. This trade represents a 5.35% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 2,711 shares of company stock valued at $1,164,880 in the last three months. 0.76% of the stock is owned by company insiders.

Rockwell Automation Company 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.