Soltis Investment Advisors LLC Acquires New Holdings in Rockwell Automation, Inc. $ROK

Soltis Investment Advisors LLC bought a new position in shares of Rockwell Automation, Inc. (NYSE:ROK) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 680 shares of the industrial products company’s stock, valued at approximately $226,000.

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

Insider Buying and Selling

In other Rockwell Automation news, SVP Cyril Perducat sold 1,435 shares of the firm’s stock in a transaction on Friday, August 29th. The shares were sold at an average price of $348.08, for a total value of $499,494.80. Following the transaction, the senior vice president directly owned 3,787 shares of the company’s stock, valued at approximately $1,318,178.96. This trade represents a 27.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Blake D. Moret sold 24,400 shares of Rockwell Automation stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $350.13, for a total transaction of $8,543,172.00. Following the transaction, the chief executive officer owned 83,873 shares of the company’s stock, valued at $29,366,453.49. This represents a 22.54% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 30,375 shares of company stock worth $10,661,109 over the last quarter. Corporate insiders own 0.68% of the company’s stock.

Analyst Ratings Changes

ROK has been the topic of several analyst reports. Weiss Ratings reiterated a “buy (b-)” rating on shares of Rockwell Automation in a report on Wednesday, October 8th. KeyCorp upped their price objective on shares of Rockwell Automation from $370.00 to $380.00 and gave the company an “overweight” rating in a research note on Thursday, August 7th. Oppenheimer reissued an “outperform” rating and set a $391.00 target price on shares of Rockwell Automation in a research note on Friday. Bank of America raised shares of Rockwell Automation from a “neutral” rating to a “buy” rating and upped their price target for the company from $360.00 to $410.00 in a research report on Wednesday, July 16th. Finally, JPMorgan Chase & Co. increased their price target on Rockwell Automation from $320.00 to $357.00 and gave the stock a “neutral” rating in a report on Wednesday, October 15th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $353.39.

Rockwell Automation Trading Up 0.3%

ROK opened at $373.67 on Friday. The company has a fifty day moving average price of $349.71 and a two-hundred day moving average price of $331.38. Rockwell Automation, Inc. has a 1-year low of $215.00 and a 1-year high of $396.89. The company has a market cap of $42.01 billion, a P/E ratio of 43.86, a price-to-earnings-growth ratio of 3.30 and a beta of 1.45. 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 released its quarterly earnings data on Thursday, November 6th. The industrial products company reported $3.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.94 by $0.40. Rockwell Automation had a net margin of 12.03% and a return on equity of 30.14%. The company had revenue of $2.32 billion for the quarter, compared to analysts’ expectations of $2.19 billion. During the same quarter in the prior year, the firm earned $2.47 EPS. The business’s revenue was up 13.8% on a year-over-year basis. Rockwell Automation has set its FY 2026 guidance at 11.200-12.200 EPS. Analysts predict that Rockwell Automation, Inc. will post 9.35 EPS for the current fiscal year.

Rockwell Automation Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Monday, November 17th will be given 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 dividend on an annualized basis and a dividend yield of 1.5%. Rockwell Automation’s payout ratio is currently 64.79%.

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.