Boston Family Office LLC Sells 2,564 Shares of Rockwell Automation, Inc. $ROK

Boston Family Office LLC trimmed its position in shares of Rockwell Automation, Inc. (NYSE:ROK) by 3.4% during the 4th quarter, HoldingsChannel.com reports. The firm owned 71,984 shares of the industrial products company’s stock after selling 2,564 shares during the quarter. Rockwell Automation makes up about 1.8% of Boston Family Office LLC’s portfolio, making the stock its 11th biggest position. Boston Family Office LLC’s holdings in Rockwell Automation were worth $28,007,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Manchester Capital Management LLC grew its holdings in Rockwell Automation by 97.5% during the 4th quarter. Manchester Capital Management LLC now owns 79 shares of the industrial products company’s stock valued at $31,000 after purchasing an additional 39 shares during the last quarter. First Horizon Corp bought a new position in Rockwell Automation during the 4th quarter valued at about $32,000. BOK Financial Private Wealth Inc. bought a new position in Rockwell Automation during the 4th quarter valued at about $33,000. Fortitude Family Office LLC grew its holdings in Rockwell Automation by 109.5% during the 4th quarter. Fortitude Family Office LLC now owns 88 shares of the industrial products company’s stock valued at $34,000 after purchasing an additional 46 shares during the last quarter. Finally, Ameriflex Group Inc. grew its holdings in Rockwell Automation by 100.0% during the 3rd quarter. Ameriflex Group Inc. now owns 100 shares of the industrial products company’s stock valued at $35,000 after purchasing an additional 50 shares during the last quarter. 75.75% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. HSBC upped their price target on shares of Rockwell Automation from $445.00 to $490.00 in a report on Wednesday, May 6th. Sanford C. Bernstein assumed coverage on shares of Rockwell Automation in a research note on Tuesday. They issued a “market perform” rating and a $501.00 target price on the stock. Barclays upped their target price on shares of Rockwell Automation from $400.00 to $480.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 6th. Robert W. Baird dropped their target price on shares of Rockwell Automation from $435.00 to $410.00 and set an “outperform” rating on the stock in a research note on Monday, March 30th. Finally, KeyCorp upped their target price on shares of Rockwell Automation from $470.00 to $510.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 6th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and eleven have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $451.75.

Insiders Place Their Bets

In other Rockwell Automation news, VP John M. Miller sold 1,054 shares of the firm’s stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $426.02, for a total value of $449,025.08. Following the completion of the transaction, the vice president owned 5,615 shares of the company’s stock, valued at approximately $2,392,102.30. This trade represents a 15.80% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Matheus De A. G. Viera Bulho sold 1,250 shares of the firm’s stock in a transaction 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 directly owned 1,734 shares of the company’s stock, valued at approximately $671,925. This represents a 41.89% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 12,308 shares of company stock valued at $5,339,812. Corporate insiders own 0.76% of the company’s stock.

Rockwell Automation Trading Up 0.2%

NYSE:ROK opened at $458.66 on Friday. Rockwell Automation, Inc. has a 52 week low of $305.44 and a 52 week high of $468.11. The firm has a 50 day moving average of $428.54 and a 200 day moving average of $406.92. 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 stock has a market capitalization of $51.03 billion, a price-to-earnings ratio of 47.68, a PEG ratio of 2.93 and a beta of 1.57.

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

Rockwell Automation Dividend Announcement

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

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

Rockwell Automation Profile

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.