NewEdge Advisors LLC Acquires 13,425 Shares of Rockwell Automation, Inc. $ROK

NewEdge Advisors LLC raised its holdings in shares of Rockwell Automation, Inc. (NYSE:ROK) by 38.9% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 47,895 shares of the industrial products company’s stock after purchasing an additional 13,425 shares during the period. NewEdge Advisors LLC’s holdings in Rockwell Automation were worth $23,712,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Virtus Advisers LLC purchased a new stake in shares of Rockwell Automation during the second quarter valued at $25,000. MV Capital Management Inc. bought a new position in Rockwell Automation during the 4th quarter valued at about $28,000. Manchester Capital Management LLC lifted its stake in Rockwell Automation by 97.5% during the 4th quarter. Manchester Capital Management LLC now owns 79 shares of the industrial products company’s stock valued at $31,000 after acquiring an additional 39 shares during the period. Cassaday & Co Wealth Management LLC purchased a new stake in shares of Rockwell Automation during the 1st quarter valued at about $31,000. Finally, BOK Financial Private Wealth Inc. purchased a new stake in shares of Rockwell Automation during the 4th quarter valued at about $33,000. Institutional investors own 75.75% of the company’s stock.

Insider Buying and Selling at Rockwell Automation

In other news, CFO Christian E. Rothe sold 590 shares of Rockwell Automation stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of $434.30, for a total value of $256,237.00. Following the completion of the transaction, the chief financial officer owned 10,429 shares in the company, valued at approximately $4,529,314.70. The trade was a 5.35% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 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, Director Patricia A. Watson sold 1,100 shares of the stock in a transaction on Thursday, August 27th. The shares were sold at an average price of $431.43, for a total value of $474,573.00. Following the sale, the director owned 6,385 shares in the company, valued at $2,754,680.55. The trade was a 14.70% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 2,711 shares of company stock worth $1,164,880 over the last three months. 0.76% of the stock is owned by company insiders.

Rockwell Automation Stock Down 1.1%

Shares of ROK stock opened at $421.49 on Friday. The stock has a market cap of $46.81 billion, a P/E ratio of 39.50, a PEG ratio of 2.48 and a beta of 1.52. The company’s fifty day simple moving average is $449.52 and its two-hundred day simple moving average is $429.36. The company has a quick ratio of 0.74, a current ratio of 1.08 and a debt-to-equity ratio of 0.74. Rockwell Automation, Inc. has a 52 week low of $332.71 and a 52 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, topping 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 for the quarter, compared to the consensus estimate of $2.24 billion. During the same period in the previous year, the business earned $2.82 earnings per share. The firm’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. Analysts predict that Rockwell Automation, Inc. will post 13.23 EPS for the current fiscal year.

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

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Morgan Stanley boosted their price objective on shares of Rockwell Automation from $525.00 to $545.00 and gave the company an “overweight” rating in a report on Wednesday, September 2nd. Evercore set a $485.00 target price on shares of Rockwell Automation in a research note on Wednesday, August 5th. DA Davidson lowered their price target on Rockwell Automation from $500.00 to $490.00 and set a “neutral” rating on the stock in a report on Friday, August 21st. Weiss Ratings restated a “buy (b-)” rating on shares of Rockwell Automation in a research note on Thursday, June 18th. Finally, Sanford C. Bernstein lifted their price objective 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 investment analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company. Based on data from MarketBeat.com, Rockwell Automation presently has a consensus rating of “Hold” and an average 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.