Rockwell Automation, Inc. $ROK Shares Sold by Wealthspire Advisors LLC

Wealthspire Advisors LLC reduced its stake in shares of Rockwell Automation, Inc. (NYSE:ROK) by 3.1% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 5,240 shares of the industrial products company’s stock after selling 166 shares during the period. Wealthspire Advisors LLC’s holdings in Rockwell Automation were worth $1,741,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the stock. SBI Securities Co. Ltd. grew its holdings in Rockwell Automation by 48.7% during the second quarter. SBI Securities Co. Ltd. now owns 116 shares of the industrial products company’s stock worth $39,000 after acquiring an additional 38 shares during the period. Legend Financial Advisors Inc. purchased a new stake in Rockwell Automation in the 2nd quarter worth approximately $39,000. Financial Gravity Companies Inc. acquired a new stake in shares of Rockwell Automation during the 2nd quarter worth approximately $40,000. IMA Advisory Services Inc. acquired a new position in shares of Rockwell Automation in the 1st quarter valued at $32,000. Finally, AdvisorShares Investments LLC purchased a new stake in Rockwell Automation during the second quarter worth $50,000. Institutional investors and hedge funds own 75.75% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on ROK shares. Wall Street Zen raised shares of Rockwell Automation from a “hold” rating to a “buy” rating in a research note on Sunday, September 21st. Morgan Stanley increased their price target on Rockwell Automation from $385.00 to $435.00 and gave the stock an “overweight” rating in a research report on Monday, November 10th. Barclays boosted their price objective on Rockwell Automation from $370.00 to $417.00 and gave the company an “overweight” rating in a research report on Friday, November 7th. Oppenheimer reiterated an “outperform” rating and issued a $391.00 target price on shares of Rockwell Automation in a research report on Friday, November 7th. Finally, Bank of America raised their target price on Rockwell Automation from $410.00 to $430.00 and gave the company a “buy” rating in a research report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $366.00.

Insider Buying and Selling at Rockwell Automation

In other Rockwell Automation news, VP Isaac Woods sold 250 shares of Rockwell Automation stock in a transaction on Thursday, September 11th. The stock was sold at an average price of $350.00, for a total value of $87,500.00. Following the sale, the vice president owned 1,662 shares in the company, valued at $581,700. The trade was a 13.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director James P. Keane sold 3,000 shares of the company’s stock in a transaction on Tuesday, August 26th. The shares were sold at an average price of $356.06, for a total value of $1,068,180.00. Following the completion of the transaction, the director directly owned 9,192 shares in the company, valued at approximately $3,272,903.52. This trade represents a 24.61% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 92,075 shares of company stock worth $34,820,361. Insiders own 0.68% of the company’s stock.

Rockwell Automation Price Performance

ROK stock opened at $372.34 on Thursday. Rockwell Automation, Inc. has a 1 year low of $215.00 and a 1 year high of $398.20. 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 firm has a market capitalization of $41.80 billion, a PE ratio of 43.70, a price-to-earnings-growth ratio of 3.30 and a beta of 1.45. The business has a 50 day simple moving average of $355.99 and a 200-day simple moving average of $339.48.

Rockwell Automation (NYSE:ROK) last released 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 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%.The firm’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 company posted $2.47 earnings per share. Rockwell Automation has set its FY 2026 guidance at 11.200-12.200 EPS. Equities research analysts anticipate that Rockwell Automation, Inc. will post 9.35 earnings per share 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. Shareholders of record on Monday, November 17th will be issued a $1.38 dividend. This represents a $5.52 annualized dividend and a 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 (DPR) is presently 72.06%.

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.