Korea Investment CORP Sells 9,500 Shares of Rockwell Automation, Inc. $ROK

Korea Investment CORP lessened its stake in shares of Rockwell Automation, Inc. (NYSE:ROK) by 17.7% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 44,089 shares of the industrial products company’s stock after selling 9,500 shares during the period. Korea Investment CORP’s holdings in Rockwell Automation were worth $14,645,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Brighton Jones LLC bought a new position in shares of Rockwell Automation during the fourth quarter valued at $281,000. Mackenzie Financial Corp grew its position in Rockwell Automation by 9.7% during the 1st quarter. Mackenzie Financial Corp now owns 11,595 shares of the industrial products company’s stock valued at $2,996,000 after purchasing an additional 1,025 shares during the last quarter. Vestcor Inc increased its stake in Rockwell Automation by 19.3% during the 1st quarter. Vestcor Inc now owns 2,304 shares of the industrial products company’s stock valued at $595,000 after purchasing an additional 373 shares in the last quarter. Bayforest Capital Ltd purchased a new position in Rockwell Automation in the first quarter worth about $134,000. Finally, Jefferies Financial Group Inc. purchased a new position in Rockwell Automation in the first quarter worth about $1,529,000. 75.75% of the stock is owned by institutional investors.

Analysts Set New Price Targets

ROK has been the topic of a number of recent analyst reports. Bank of America increased their price target on shares of Rockwell Automation from $410.00 to $430.00 and gave the company a “buy” rating in a report on Thursday, November 20th. Weiss Ratings reissued a “hold (c)” rating on shares of Rockwell Automation in a report on Tuesday, November 25th. KeyCorp boosted their price target on Rockwell Automation from $370.00 to $380.00 and gave the stock an “overweight” rating in a research note on Thursday, August 7th. Wall Street Zen raised Rockwell Automation from a “hold” rating to a “buy” rating in a research report on Sunday, September 21st. Finally, Barclays lifted their price objective on Rockwell Automation from $370.00 to $417.00 and gave the stock an “overweight” rating in a report on Friday, November 7th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Rockwell Automation currently has an average rating of “Moderate Buy” and a consensus price target of $371.44.

Rockwell Automation Stock Performance

Shares of ROK opened at $392.42 on Monday. Rockwell Automation, Inc. has a one year low of $215.00 and a one year high of $398.82. The business has a fifty day moving average of $361.57 and a 200 day moving average of $344.77. 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 $44.06 billion, a P/E ratio of 46.06, a PEG ratio of 3.30 and a beta of 1.45.

Rockwell Automation (NYSE:ROK) last released its quarterly earnings results on Thursday, November 6th. The industrial products company reported $3.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.94 by $0.40. Rockwell Automation had a return on equity of 30.14% and a net margin of 12.03%.The business had revenue of $4.63 billion during the quarter, compared to the consensus estimate of $2.19 billion. During the same period in the previous year, the company posted $2.47 EPS. The business’s quarterly revenue was up 13.8% compared to the same quarter last year. Rockwell Automation has set its FY 2026 guidance at 11.200-12.200 EPS. As a group, sell-side analysts anticipate that Rockwell Automation, Inc. will post 9.35 EPS for the current year.

Rockwell Automation Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders of record on Monday, November 17th will be given a $1.38 dividend. The ex-dividend date is Monday, November 17th. This is a boost from Rockwell Automation’s previous quarterly dividend of $1.31. This represents a $5.52 annualized dividend and a yield of 1.4%. Rockwell Automation’s payout ratio is 72.06%.

Insiders Place Their Bets

In related news, CEO Blake D. Moret sold 61,700 shares of Rockwell Automation stock in a transaction on Thursday, November 6th. The stock was sold at an average price of $391.56, for a total transaction of $24,159,252.00. Following the transaction, the chief executive officer directly owned 83,873 shares in the company, valued at approximately $32,841,311.88. The trade was a 42.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Matheus De A. G. Viera Bulho sold 822 shares of the company’s stock in a transaction dated Wednesday, October 29th. The stock was sold at an average price of $365.00, for a total value of $300,030.00. Following the completion of the sale, the senior vice president owned 983 shares of the company’s stock, valued at approximately $358,795. The trade was a 45.54% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 87,275 shares of company stock worth $33,125,505. Company insiders own 0.68% of the company’s stock.

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.