Rockwell Automation, Inc. $ROK Shares Purchased by Resona Asset Management Co. Ltd.

Resona Asset Management Co. Ltd. lifted its position in shares of Rockwell Automation, Inc. (NYSE:ROK) by 5.1% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 38,657 shares of the industrial products company’s stock after purchasing an additional 1,888 shares during the quarter. Resona Asset Management Co. Ltd.’s holdings in Rockwell Automation were worth $12,827,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. Robeco Institutional Asset Management B.V. grew its holdings in Rockwell Automation by 720.8% during the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 399,309 shares of the industrial products company’s stock valued at $132,638,000 after purchasing an additional 350,662 shares in the last quarter. Great Lakes Advisors LLC acquired a new position in Rockwell Automation during the 1st quarter worth $73,908,000. Nuveen LLC bought a new stake in shares of Rockwell Automation in the 1st quarter worth about $63,632,000. Raymond James Financial Inc. raised its stake in shares of Rockwell Automation by 213.7% in the 1st quarter. Raymond James Financial Inc. now owns 357,080 shares of the industrial products company’s stock valued at $92,263,000 after purchasing an additional 243,249 shares in the last quarter. Finally, Assenagon Asset Management S.A. raised its stake in shares of Rockwell Automation by 1,950.4% in the 2nd quarter. Assenagon Asset Management S.A. now owns 202,788 shares of the industrial products company’s stock valued at $67,360,000 after purchasing an additional 192,898 shares in the last quarter. 75.75% of the stock is owned by hedge funds and other institutional investors.

Rockwell Automation Stock Performance

ROK opened at $373.67 on Friday. Rockwell Automation, Inc. has a twelve month low of $215.00 and a twelve 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. The stock has a market cap of $42.01 billion, a PE ratio of 43.86, a price-to-earnings-growth ratio of 3.30 and a beta of 1.45. The business’s 50 day moving average is $349.71 and its 200-day moving average is $331.38.

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

Rockwell Automation Increases Dividend

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

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. JPMorgan Chase & Co. lifted their price target on Rockwell Automation from $320.00 to $357.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 15th. Oppenheimer reiterated an “outperform” rating and issued a $391.00 target price on shares of Rockwell Automation in a research report on Friday. Bank of America upgraded Rockwell Automation from a “neutral” rating to a “buy” rating and boosted their price target for the company from $360.00 to $410.00 in a report on Wednesday, July 16th. 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. Finally, Citigroup restated a “buy” rating on shares of Rockwell Automation in a research note on Thursday, October 9th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $353.39.

Insider Buying and Selling

In related news, Director James P. Keane sold 3,000 shares of the 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 completion of the sale, the director directly owned 9,192 shares of the company’s stock, valued at $3,272,903.52. This represents a 24.61% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Cyril Perducat sold 1,435 shares of the firm’s stock in a transaction on Friday, August 29th. The stock was sold at an average price of $348.08, for a total value of $499,494.80. Following the sale, the senior vice president directly owned 3,787 shares of the company’s stock, valued at approximately $1,318,178.96. This represents a 27.48% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 30,375 shares of company stock worth $10,661,109. 0.68% of the stock is owned by corporate insiders.

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.