Rockwell Automation, Inc. $ROK Shares Sold by Westfield Capital Management Co. LP

Westfield Capital Management Co. LP reduced its position in Rockwell Automation, Inc. (NYSE:ROK) by 2.4% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 214,680 shares of the industrial products company’s stock after selling 5,180 shares during the period. Westfield Capital Management Co. LP owned about 0.19% of Rockwell Automation worth $71,310,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of ROK. Vanguard Group Inc. raised its position in shares of Rockwell Automation by 1.5% during the 2nd quarter. Vanguard Group Inc. now owns 14,058,406 shares of the industrial products company’s stock worth $4,669,781,000 after purchasing an additional 207,448 shares during the last quarter. Geode Capital Management LLC increased its position in Rockwell Automation by 1.7% during the 2nd 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 in the last quarter. Goldman Sachs Group Inc. raised its stake in Rockwell Automation by 11.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,819,379 shares of the industrial products company’s stock valued at $470,091,000 after purchasing an additional 191,370 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Rockwell Automation by 0.6% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,579,956 shares of the industrial products company’s stock valued at $408,229,000 after purchasing an additional 9,920 shares in the last quarter. Finally, Invesco Ltd. grew its holdings in shares of Rockwell Automation by 2.2% during the first quarter. Invesco Ltd. now owns 1,448,160 shares of the industrial products company’s stock worth $374,176,000 after buying an additional 30,837 shares in the last quarter. Hedge funds and other institutional investors own 75.75% of the company’s stock.

Rockwell Automation Stock Performance

Rockwell Automation stock opened at $379.65 on Thursday. 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’s fifty day moving average price is $355.99 and its 200 day moving average price is $339.48. The company has a market capitalization of $42.62 billion, a price-to-earnings ratio of 44.80, a price-to-earnings-growth ratio of 3.30 and a beta of 1.45. Rockwell Automation, Inc. has a 12-month low of $215.00 and a 12-month high of $398.20.

Rockwell Automation (NYSE:ROK) last announced its earnings results 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. The business 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 company’s revenue for the quarter was up 13.8% compared to the same quarter last year. During the same period in the previous year, the company earned $2.47 earnings per share. Rockwell Automation has set its FY 2026 guidance at 11.200-12.200 EPS. On average, research analysts forecast that Rockwell Automation, Inc. will post 9.35 EPS for the current fiscal year.

Rockwell Automation Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Monday, November 17th will be paid a $1.38 dividend. This represents a $5.52 dividend on an annualized basis and a yield of 1.5%. This is a positive change from Rockwell Automation’s previous quarterly dividend of $1.31. The ex-dividend date is Monday, November 17th. Rockwell Automation’s payout ratio is 72.06%.

Insider Transactions at Rockwell Automation

In other news, Director James P. Keane sold 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 26th. The stock was sold at an average price of $356.06, for a total value of $1,068,180.00. Following the completion of the sale, the director directly owned 9,192 shares in the company, valued at approximately $3,272,903.52. The trade was a 24.61% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Matheus De A. G. Viera Bulho sold 822 shares of Rockwell Automation stock in a transaction on Wednesday, October 29th. The stock was sold at an average price of $365.00, for a total transaction of $300,030.00. Following the completion of the transaction, the senior vice president directly owned 983 shares of the company’s stock, valued at approximately $358,795. This represents a 45.54% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 92,075 shares of company stock valued at $34,820,361 over the last 90 days. Corporate insiders own 0.68% of the company’s stock.

Analysts Set New Price Targets

ROK has been the topic of a number of recent analyst reports. Oppenheimer reissued an “outperform” rating and set a $391.00 price target on shares of Rockwell Automation in a research note on Friday, November 7th. Bank of America boosted their target price on shares of Rockwell Automation from $410.00 to $430.00 and gave the company a “buy” rating in a report on Thursday. Morgan Stanley increased their price target on shares of Rockwell Automation from $385.00 to $435.00 and gave the stock an “overweight” rating in a research note on Monday, November 10th. JPMorgan Chase & Co. upped their price target on Rockwell Automation from $357.00 to $400.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 11th. Finally, Weiss Ratings downgraded shares of Rockwell Automation from a “buy (b-)” rating to a “hold (c)” rating in a research note on Thursday, November 13th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Rockwell Automation currently has an average rating of “Moderate Buy” and an average target price of $366.00.

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.