Drystone LLC Sells 272 Shares of Rockwell Automation, Inc. $ROK

Drystone LLC trimmed its stake in Rockwell Automation, Inc. (NYSE:ROK) by 1.1% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 25,375 shares of the industrial products company’s stock after selling 272 shares during the period. Rockwell Automation comprises approximately 7.7% of Drystone LLC’s investment portfolio, making the stock its 4th biggest position. Drystone LLC’s holdings in Rockwell Automation were worth $8,429,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the stock. Capital Investment Advisors LLC increased its position in Rockwell Automation by 5.7% during the 2nd quarter. Capital Investment Advisors LLC now owns 2,192 shares of the industrial products company’s stock valued at $728,000 after purchasing an additional 119 shares during the period. CWM LLC raised its holdings in shares of Rockwell Automation by 3.7% during the first quarter. CWM LLC now owns 2,353 shares of the industrial products company’s stock valued at $608,000 after purchasing an additional 84 shares during the period. Brighton Jones LLC bought a new position in Rockwell Automation in the fourth quarter worth approximately $281,000. Integrity Alliance LLC. bought a new position in shares of Rockwell Automation in the 1st quarter worth $293,000. Finally, J.W. Cole Advisors Inc. increased its stake in Rockwell Automation by 128.7% during the 1st quarter. J.W. Cole Advisors Inc. now owns 4,382 shares of the industrial products company’s stock valued at $1,132,000 after purchasing an additional 2,466 shares in the last quarter. 75.75% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have recently issued reports on ROK. Wells Fargo & Company lifted their price objective on shares of Rockwell Automation from $355.00 to $380.00 and gave the company an “equal weight” rating in a report on Friday. KeyCorp lifted their target price on Rockwell Automation from $370.00 to $380.00 and gave the company an “overweight” rating in a research report on Thursday, August 7th. Barclays raised their price objective on Rockwell Automation from $370.00 to $417.00 and gave the company an “overweight” rating in a research note on Friday. Wall Street Zen raised shares of Rockwell Automation from a “hold” rating to a “buy” rating in a research report on Sunday, September 21st. Finally, JPMorgan Chase & Co. boosted their price target on shares of Rockwell Automation from $320.00 to $357.00 and gave the stock a “neutral” rating in a report on Wednesday, October 15th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $353.39.

Insider Buying and Selling at Rockwell Automation

In related news, Director James P. Keane sold 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 26th. The shares were sold at an average price of $356.06, for a total transaction of $1,068,180.00. Following the sale, the director owned 9,192 shares of the company’s stock, valued at approximately $3,272,903.52. This represents a 24.61% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Isaac Woods sold 250 shares of the stock in a transaction that occurred on Thursday, September 11th. The stock was sold at an average price of $350.00, for a total transaction of $87,500.00. Following the completion of the sale, the vice president owned 1,662 shares in the company, valued at $581,700. This represents a 13.08% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 30,375 shares of company stock worth $10,661,109 in the last three months. 0.68% of the stock is currently owned by corporate insiders.

Rockwell Automation Stock Performance

Shares of ROK stock opened at $373.67 on Friday. The firm’s 50 day moving average is $349.71 and its 200 day moving average is $331.38. The stock has a market capitalization of $42.01 billion, a P/E ratio of 43.86, a PEG ratio of 3.30 and a beta of 1.45. Rockwell Automation, Inc. has a 12 month low of $215.00 and a 12 month high of $396.89. The company has a current ratio of 1.06, a quick ratio of 0.72 and a debt-to-equity ratio of 0.72.

Rockwell Automation (NYSE:ROK) last issued its earnings results on Thursday, November 6th. The industrial products company reported $3.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.94 by $0.40. The business had revenue of $2.32 billion for the quarter, compared to analysts’ expectations of $2.19 billion. Rockwell Automation had a net margin of 12.03% and a return on equity of 30.14%. The business’s revenue for the quarter was up 13.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.47 EPS. Rockwell Automation has set its FY 2026 guidance at 11.200-12.200 EPS. On average, sell-side analysts anticipate that Rockwell Automation, Inc. will post 9.35 earnings per share for the current year.

Rockwell Automation Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Monday, November 17th will be paid a dividend of $1.38 per share. This represents a $5.52 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date is Monday, November 17th. This is a positive change from Rockwell Automation’s previous quarterly dividend of $1.31. Rockwell Automation’s dividend payout ratio is presently 64.79%.

Rockwell Automation Profile

Rockwell Automation, Inc provides industrial automation and digital transformation solutions in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. The company operates through three segments, Intelligent Devices, Software & Control, and Lifecycle Services. Its solutions include hardware and software products and services.