Los Angeles Capital Management LLC Invests $63.83 Million in Rockwell Automation, Inc. $ROK

Los Angeles Capital Management LLC purchased a new position in shares of Rockwell Automation, Inc. (NYSE:ROK) in the 2nd quarter, Holdings Channel.com reports. The firm purchased 192,149 shares of the industrial products company’s stock, valued at approximately $63,826,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. grew its holdings in shares of Rockwell Automation by 11.8% during the first quarter. Goldman Sachs Group Inc. now owns 1,819,379 shares of the industrial products company’s stock worth $470,091,000 after buying an additional 191,370 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in Rockwell Automation by 0.6% during the first quarter. Charles Schwab Investment Management Inc. now owns 1,579,956 shares of the industrial products company’s stock worth $408,229,000 after acquiring an additional 9,920 shares during the last quarter. Invesco Ltd. grew its stake in Rockwell Automation by 2.2% during the 1st quarter. Invesco Ltd. now owns 1,448,160 shares of the industrial products company’s stock valued at $374,176,000 after acquiring an additional 30,837 shares in the last quarter. Northern Trust Corp raised its holdings in Rockwell Automation by 0.4% in the 1st quarter. Northern Trust Corp now owns 1,396,303 shares of the industrial products company’s stock valued at $360,777,000 after acquiring an additional 4,972 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in Rockwell Automation by 1.0% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,170,010 shares of the industrial products company’s stock worth $302,307,000 after purchasing an additional 11,849 shares in the last quarter. Hedge funds and other institutional investors own 75.75% of the company’s stock.

Insider Activity

In other Rockwell Automation news, VP Isaac Woods sold 250 shares of the business’s stock in a transaction on Thursday, September 11th. The shares were sold at an average price of $350.00, for a total value of $87,500.00. Following the transaction, the vice president directly owned 1,662 shares of the company’s stock, valued at approximately $581,700. The trade was a 13.08% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Cyril Perducat sold 1,435 shares of the company’s stock in a transaction on Friday, August 29th. The stock was sold at an average price of $348.08, for a total transaction of $499,494.80. Following the transaction, the senior vice president owned 3,787 shares of the company’s stock, valued at approximately $1,318,178.96. The trade was a 27.48% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 30,375 shares of company stock worth $10,661,109 over the last quarter. 0.68% of the stock is owned by insiders.

Rockwell Automation Stock Performance

Shares of Rockwell Automation stock opened at $373.67 on Friday. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.06 and a quick ratio of 0.72. The stock has a market capitalization of $42.01 billion, a price-to-earnings ratio of 43.86, a price-to-earnings-growth ratio of 3.30 and a beta of 1.45. The business has a 50-day moving average of $349.71 and a 200 day moving average of $331.38. Rockwell Automation, Inc. has a 12 month low of $215.00 and a 12 month high of $396.89.

Rockwell Automation (NYSE:ROK) last posted its quarterly 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 company had revenue of $2.32 billion for the quarter, compared to analyst estimates of $2.19 billion. Rockwell Automation had a return on equity of 30.14% and a net margin of 12.03%.Rockwell Automation’s revenue for the quarter was up 13.8% compared to the same quarter last year. During the same quarter last year, the company earned $2.47 EPS. Rockwell Automation has set its FY 2026 guidance at 11.200-12.200 EPS. As a group, sell-side analysts forecast that Rockwell Automation, Inc. will post 9.35 earnings per share for the current year.

Rockwell Automation Increases Dividend

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

Analyst Ratings Changes

ROK has been the subject of a number of analyst reports. KeyCorp upped their price target on Rockwell Automation from $370.00 to $380.00 and gave the company an “overweight” rating in a research report on Thursday, August 7th. Wells Fargo & Company raised their target price on Rockwell Automation from $355.00 to $380.00 and gave the stock an “equal weight” rating in a research note on Friday. Citigroup reiterated a “buy” rating on shares of Rockwell Automation in a report on Thursday, October 9th. Wall Street Zen raised shares of Rockwell Automation from a “hold” rating to a “buy” rating in a report on Sunday, September 21st. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Rockwell Automation in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $353.39.

Rockwell Automation Company 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.