Sumitomo Mitsui DS Asset Management Company Ltd Acquires 2,008 Shares of Rockwell Automation, Inc. $ROK

Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in shares of Rockwell Automation, Inc. (NYSE:ROK) by 6.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 32,946 shares of the industrial products company’s stock after buying an additional 2,008 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Rockwell Automation were worth $14,342,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Flputnam Investment Management Co. bought a new position in shares of Rockwell Automation in the second quarter worth approximately $1,001,000. Mandatum Life Insurance Co Ltd increased 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 buying an additional 4,700 shares during the period. Lombard Odier Asset Management Europe Ltd raised its holdings in Rockwell Automation by 54.2% during the 1st quarter. Lombard Odier Asset Management Europe Ltd now owns 36,211 shares of the industrial products company’s stock valued at $12,995,000 after buying an additional 12,727 shares during the last quarter. iA Global Asset Management Inc. bought a new stake in Rockwell Automation during the 1st quarter valued at $3,193,000. Finally, Contravisory Investment Management Inc. raised its holdings in Rockwell Automation by 9,354.2% during the 2nd quarter. Contravisory Investment Management Inc. now owns 18,152 shares of the industrial products company’s stock valued at $8,987,000 after buying an additional 17,960 shares during the last quarter. Hedge funds and other institutional investors own 75.75% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have weighed in on ROK. Evercore set a $485.00 price target on shares of Rockwell Automation in a research report on Wednesday, August 5th. Sanford C. Bernstein boosted their price objective on shares of Rockwell Automation from $501.00 to $514.00 and gave the company a “market perform” rating in a research report on Friday, August 14th. Morgan Stanley set a $520.00 price objective on shares of Rockwell Automation in a research report on Friday. Zacks Research downgraded shares of Rockwell Automation from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 30th. Finally, DA Davidson lowered their price objective on shares of Rockwell Automation from $500.00 to $490.00 and set a “neutral” rating for the company in a research note on Friday, August 21st. Nine analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the company. Based on data from MarketBeat.com, Rockwell Automation currently has an average rating of “Hold” and an average price target of $468.00.

Rockwell Automation Price Performance

Shares of ROK stock opened at $427.29 on Wednesday. The firm has a market cap of $47.45 billion, a P/E ratio of 40.05, a P/E/G ratio of 2.01 and a beta of 1.51. Rockwell Automation, Inc. has a fifty-two week low of $347.53 and a fifty-two week high of $497.36. The business’s 50 day moving average price is $431.65 and its 200-day moving average price is $440.71. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.74 and a current ratio of 1.08.

Rockwell Automation (NYSE:ROK) last posted its 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 analysts’ expectations of $2.24 billion. Rockwell Automation had a return on equity of 39.83% and a net margin of 13.39%. The business’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. On average, equities research analysts anticipate that Rockwell Automation, Inc. will post 13.26 earnings per share for the current year.

Insider Activity at Rockwell Automation

In other Rockwell Automation news, VP Isaac Woods sold 154 shares of the company’s stock in a transaction on 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 transaction, the vice president directly owned 1,858 shares in the company, valued at approximately $803,807.96. This represents a 7.65% 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 company’s stock in a transaction on Thursday, August 27th. The stock was sold at an average price of $431.43, for a total transaction of $474,573.00. Following the completion of the transaction, the director owned 6,385 shares of the company’s stock, valued at $2,754,680.55. This trade represents a 14.70% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 2,711 shares of company stock worth $1,164,880. 0.76% of the stock is currently owned by 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 industrial organizations improve productivity, safety, quality and operational efficiency through connected hardware, software and services.

Its product portfolio includes industrial control systems, programmable logic controllers, motor control and sensing equipment, industrial computers, safety products, networking technologies and power-control solutions.