Raiffeisen Bank International AG Buys 15,630 Shares of Rockwell Automation, Inc. $ROK

Raiffeisen Bank International AG raised its stake in Rockwell Automation, Inc. (NYSE:ROK) by 599.5% in the fourth quarter, Holdings Channel reports. The fund owned 18,237 shares of the industrial products company’s stock after purchasing an additional 15,630 shares during the quarter. Raiffeisen Bank International AG’s holdings in Rockwell Automation were worth $7,180,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in ROK. Manchester Capital Management LLC increased its stake in shares of Rockwell Automation by 97.5% in the fourth quarter. Manchester Capital Management LLC now owns 79 shares of the industrial products company’s stock valued at $31,000 after buying an additional 39 shares during the period. First Horizon Corp acquired a new position in shares of Rockwell Automation in the fourth quarter valued at approximately $32,000. BOK Financial Private Wealth Inc. acquired a new position in shares of Rockwell Automation in the fourth quarter valued at approximately $33,000. Fortitude Family Office LLC increased its stake in shares of Rockwell Automation by 109.5% in 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 period. Finally, Ameriflex Group Inc. increased its stake in shares of Rockwell Automation by 100.0% in 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 period. Institutional investors own 75.75% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Mizuho set a $445.00 price objective on Rockwell Automation in a research note on Wednesday, May 6th. The Goldman Sachs Group upped their price objective on Rockwell Automation from $448.00 to $487.00 in a research note on Wednesday, May 6th. JPMorgan Chase & Co. upped their price objective on Rockwell Automation from $404.00 to $417.00 and gave the company a “neutral” rating in a research note on Wednesday, May 6th. 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 note on Tuesday, March 31st. Finally, Morgan Stanley reaffirmed an “overweight” rating and issued a $525.00 price objective on shares of Rockwell Automation in a research note on Wednesday, May 6th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and eleven have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $451.75.

Insider Buying and Selling at Rockwell Automation

In other Rockwell Automation news, VP Scott Genereux sold 550 shares of the stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $447.73, for a total transaction of $246,251.50. Following the completion of the sale, the vice president owned 2,764 shares of the company’s stock, valued at approximately $1,237,525.72. This represents a 16.60% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, 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 transaction of $1,818,727.28. Following the sale, the vice president directly owned 134 shares of the company’s stock, valued at $60,563.98. This represents a 96.78% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 12,308 shares of company stock worth $5,339,812. Company insiders own 0.76% of the company’s stock.

Rockwell Automation Stock Performance

NYSE:ROK opened at $458.15 on Friday. The company has a market capitalization of $50.98 billion, a PE ratio of 47.62, a P/E/G ratio of 2.82 and a beta of 1.57. The company has a 50 day simple moving average of $426.76 and a two-hundred day simple moving average of $406.56. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.76 and a current ratio of 1.09. Rockwell Automation, Inc. has a fifty-two week low of $305.44 and a fifty-two week high of $468.11.

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

Rockwell Automation Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Monday, August 17th will be given a dividend of $1.38 per share. This represents a $5.52 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend is Monday, August 17th. Rockwell Automation’s dividend payout ratio is currently 57.38%.

Rockwell Automation announced that its Board of Directors has approved a stock repurchase program on Tuesday, June 9th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the industrial products company to buy up to 2% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s leadership believes its stock is undervalued.

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.