IPG Investment Advisors LLC Purchases New Holdings in Rockwell Automation, Inc. $ROK

IPG Investment Advisors LLC purchased a new stake in Rockwell Automation, Inc. (NYSE:ROK) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 4,750 shares of the industrial products company’s stock, valued at approximately $2,352,000.

Several other institutional investors also recently modified their holdings of ROK. Virtus Advisers LLC bought a new stake in shares of Rockwell Automation during the second quarter valued at approximately $25,000. MV Capital Management Inc. bought a new position in Rockwell Automation in the fourth quarter worth $28,000. Manchester Capital Management LLC lifted its position 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 purchasing an additional 39 shares during the period. Cassaday & Co Wealth Management LLC acquired a new stake in Rockwell Automation during the first quarter worth $31,000. Finally, BOK Financial Private Wealth Inc. acquired a new stake in Rockwell Automation during the fourth quarter worth $33,000. Institutional investors and hedge funds own 75.75% of the company’s stock.

Wall Street Analyst Weigh In

ROK has been the topic of several analyst reports. DA Davidson lowered 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 downgraded shares of Rockwell Automation from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 30th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Rockwell Automation in a research report on Thursday, June 18th. Morgan Stanley upped their target price on shares of Rockwell Automation from $525.00 to $545.00 and gave the company an “overweight” rating in a research note on Wednesday, September 2nd. Finally, Evercore set a $485.00 price target on shares of Rockwell Automation in a research report on Wednesday, August 5th. Nine analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $469.14.

Insider Activity

In other Rockwell Automation news, CFO Christian E. Rothe sold 590 shares of the company’s stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $434.30, for a total transaction of $256,237.00. Following the sale, the chief financial officer directly owned 10,429 shares of the company’s stock, valued at approximately $4,529,314.70. This represents a 5.35% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 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, SVP Matheus De A. G. Viera Bulho sold 400 shares of the firm’s stock in a transaction that occurred on Wednesday, September 2nd. The stock was sold at an average price of $420.14, for a total transaction of $168,056.00. Following the sale, the senior vice president directly owned 867 shares of the company’s stock, valued at approximately $364,261.38. The trade was a 31.57% decrease in their position. 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 90 days, insiders have sold 2,711 shares of company stock worth $1,164,880. Company insiders own 0.76% of the company’s stock.

Rockwell Automation Stock Performance

Shares of NYSE:ROK opened at $426.73 on Thursday. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.08 and a quick ratio of 0.74. The business’s fifty day moving average price is $450.53 and its two-hundred day moving average price is $429.20. Rockwell Automation, Inc. has a fifty-two week low of $332.71 and a fifty-two week high of $497.36. The stock has a market capitalization of $47.39 billion, a price-to-earnings ratio of 39.99, a price-to-earnings-growth ratio of 2.50 and a beta of 1.52.

Rockwell Automation (NYSE:ROK) last issued its quarterly earnings data on Tuesday, August 4th. The industrial products company reported $3.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.38 by $0.11. Rockwell Automation had a return on equity of 39.83% and a net margin of 13.39%.The company had revenue of $2.31 billion during the quarter, compared to analysts’ expectations of $2.24 billion. During the same period last year, the business earned $2.82 earnings per share. The business’s revenue was up 7.9% on a year-over-year basis. Rockwell Automation has set its FY 2026 guidance at 13.000-13.300 EPS. As a group, analysts predict that Rockwell Automation, Inc. will post 13.23 EPS for the current fiscal year.

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

About Rockwell Automation

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.