Nixon Peabody Trust Co. Sells 1,367 Shares of Rockwell Automation, Inc. $ROK

Nixon Peabody Trust Co. lessened its stake in shares of Rockwell Automation, Inc. (NYSE:ROK) by 48.4% in the second quarter, Holdings Channel reports. The institutional investor owned 1,460 shares of the industrial products company’s stock after selling 1,367 shares during the quarter. Nixon Peabody Trust Co.’s holdings in Rockwell Automation were worth $485,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. ABN Amro Investment Solutions purchased a new position in Rockwell Automation during the second quarter valued at approximately $7,934,000. Impax Asset Management Group plc grew its position in shares of Rockwell Automation by 34.4% during the 2nd quarter. Impax Asset Management Group plc now owns 6,642 shares of the industrial products company’s stock valued at $2,206,000 after purchasing an additional 1,701 shares in the last quarter. Police & Firemen s Retirement System of New Jersey grew its position in shares of Rockwell Automation by 5.0% during the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 17,126 shares of the industrial products company’s stock valued at $5,689,000 after purchasing an additional 821 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Rockwell Automation by 1.7% in the second quarter. Geode Capital Management LLC now owns 2,874,428 shares of the industrial products company’s stock worth $950,744,000 after purchasing an additional 48,105 shares during the period. Finally, Accredited Investors Inc. raised its position in shares of Rockwell Automation by 8.3% in the second quarter. Accredited Investors Inc. now owns 955 shares of the industrial products company’s stock worth $317,000 after buying an additional 73 shares in the last quarter. 75.75% of the stock is owned by hedge funds and other institutional investors.

Rockwell Automation Stock Down 3.9%

Shares of NYSE:ROK opened at $379.15 on Friday. Rockwell Automation, Inc. has a 12-month low of $215.00 and a 12-month high of $398.20. The stock has a market capitalization of $42.63 billion, a P/E ratio of 44.50, 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. The stock’s 50-day moving average price is $353.61 and its 200-day moving average price is $335.45.

Rockwell Automation (NYSE:ROK) last issued its quarterly earnings data on Thursday, November 6th. The industrial products company reported $3.34 earnings per share for the quarter, topping analysts’ consensus estimates of $2.94 by $0.40. The firm 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%.The business’s quarterly revenue was up 13.8% compared to the same quarter last year. During the same period last year, the company earned $2.47 EPS. Rockwell Automation has set its FY 2026 guidance at 11.200-12.200 EPS. On average, equities 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 announced a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Monday, November 17th will be given a $1.38 dividend. The ex-dividend date of this dividend is Monday, November 17th. This represents a $5.52 annualized dividend and a dividend yield of 1.5%. This is a positive change from Rockwell Automation’s previous quarterly dividend of $1.31. Rockwell Automation’s dividend payout ratio is 72.06%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on ROK shares. Oppenheimer restated an “outperform” rating and set a $391.00 target price on shares of Rockwell Automation in a research report on Friday, November 7th. JPMorgan Chase & Co. upped their price objective on shares of Rockwell Automation from $357.00 to $400.00 and gave the stock a “neutral” rating in a research report on Tuesday. Weiss Ratings reiterated a “buy (b-)” rating on shares of Rockwell Automation in a research report on Wednesday, October 8th. Wells Fargo & Company increased their price target on shares of Rockwell Automation from $355.00 to $380.00 and gave the stock an “equal weight” rating in a report on Friday, November 7th. Finally, KeyCorp lifted their price objective on shares of Rockwell Automation from $370.00 to $380.00 and gave the stock an “overweight” rating in a report on Thursday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $364.75.

Insider Transactions at Rockwell Automation

In other Rockwell Automation news, SVP Cyril Perducat sold 1,435 shares of the company’s stock in a transaction that occurred 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 in the company, valued at approximately $1,318,178.96. This represents a 27.48% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Isaac Woods sold 250 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the vice president 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 SEC filing for this sale provides additional information. In the last 90 days, insiders sold 92,075 shares of company stock worth $34,820,361. 0.68% of the stock is owned by corporate insiders.

About Rockwell Automation

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.