SouthState Bank Corp Grows Stock Holdings in Rockwell Automation, Inc. $ROK

SouthState Bank Corp raised its position in shares of Rockwell Automation, Inc. (NYSE:ROK) by 3.7% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 53,815 shares of the industrial products company’s stock after buying an additional 1,917 shares during the period. Rockwell Automation accounts for about 0.9% of SouthState Bank Corp’s investment portfolio, making the stock its 24th biggest holding. SouthState Bank Corp’s holdings in Rockwell Automation were worth $20,938,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of ROK. First Horizon Corp purchased a new stake in shares of Rockwell Automation during the fourth quarter valued at about $32,000. BOK Financial Private Wealth Inc. purchased a new stake in shares of Rockwell Automation during the fourth quarter valued at about $33,000. Fortitude Family Office LLC lifted its position in shares of Rockwell Automation by 109.5% during the fourth quarter. Fortitude Family Office LLC now owns 88 shares of the industrial products company’s stock valued at $34,000 after buying an additional 46 shares during the last quarter. Ameriflex Group Inc. lifted its position in shares of Rockwell Automation by 100.0% during the third quarter. Ameriflex Group Inc. now owns 100 shares of the industrial products company’s stock valued at $35,000 after buying an additional 50 shares during the last quarter. Finally, Dynamic Wealth Strategies LLC lifted its position in shares of Rockwell Automation by 80.7% during the fourth quarter. Dynamic Wealth Strategies LLC now owns 103 shares of the industrial products company’s stock valued at $40,000 after buying an additional 46 shares during the last quarter. 75.75% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have commented on the stock. HSBC increased their price target on shares of Rockwell Automation from $445.00 to $490.00 in a research report on Wednesday, May 6th. The Goldman Sachs Group increased their price target on shares of Rockwell Automation from $448.00 to $487.00 in a research report on Wednesday, May 6th. Wells Fargo & Company increased their price target on shares of Rockwell Automation from $360.00 to $440.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 6th. Weiss Ratings raised shares of Rockwell Automation from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, March 25th. Finally, Jefferies Financial Group reaffirmed a “hold” rating and issued a $380.00 price objective (down from $490.00) on shares of Rockwell Automation in a research report on Tuesday, March 31st. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $449.16.

Insider Buying and Selling

In related news, VP Terry L. Riesterer sold 4,024 shares of the stock in a transaction that occurred on Thursday, May 7th. The shares were sold at an average price of $451.97, for a total value of $1,818,727.28. Following the transaction, the vice president owned 134 shares in the company, valued at approximately $60,563.98. This represents a 96.78% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Matheus De A. G. Viera Bulho sold 1,250 shares of the stock in a transaction that occurred on Wednesday, April 8th. The stock was sold at an average price of $387.50, for a total transaction of $484,375.00. Following the completion of the transaction, the senior vice president owned 1,734 shares in the company, valued at approximately $671,925. This trade represents a 41.89% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 12,308 shares of company stock worth $5,339,812 in the last quarter. 0.76% of the stock is currently owned by corporate insiders.

Rockwell Automation Stock Performance

Shares of Rockwell Automation stock opened at $446.48 on Friday. The firm has a market capitalization of $49.68 billion, a P/E ratio of 46.41, a PEG ratio of 2.86 and a beta of 1.57. The company has a quick ratio of 0.76, a current ratio of 1.09 and a debt-to-equity ratio of 0.72. The company has a 50 day moving average price of $418.83 and a 200 day moving average price of $404.04. Rockwell Automation, Inc. has a 52 week low of $305.44 and a 52 week high of $468.11.

Rockwell Automation (NYSE:ROK) last announced its quarterly earnings data on Tuesday, May 5th. The industrial products company reported $3.30 EPS for the quarter, beating the consensus estimate of $2.88 by $0.42. The firm had revenue of $2.24 billion during the quarter, compared to analyst estimates of $2.16 billion. Rockwell Automation had a net margin of 12.36% and a return on equity of 37.54%. Rockwell Automation’s revenue was up 11.9% on a year-over-year basis. During the same period last year, the firm posted $2.45 EPS. Rockwell Automation has set its FY 2026 guidance at 12.500-13.100 EPS. Sell-side analysts expect that Rockwell Automation, Inc. will post 13.01 EPS for the current year.

Rockwell Automation Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Monday, May 18th will be issued a $1.38 dividend. This represents a $5.52 annualized dividend and a yield of 1.2%. The ex-dividend date is Monday, May 18th. Rockwell Automation’s dividend payout ratio is 57.38%.

About Rockwell Automation

Rockwell Automation is a global industrial automation and digital transformation company headquartered in Milwaukee, Wisconsin. The firm designs, manufactures and supports control systems, industrial control hardware and software, and related services that help manufacturers and industrial operators automate processes, improve productivity and enable data-driven decision making. Rockwell traces its heritage to the Allen-Bradley and Rockwell automation businesses and positions itself as a provider of integrated automation solutions across discrete and process industries.

The company’s product portfolio includes programmable logic controllers (PLCs), human-machine interfaces (HMIs), variable frequency drives, sensors, safety components and other industrial control hardware, often marketed under the Allen-Bradley brand.