Lido Advisors LLC Increases Stock Position in Rockwell Automation, Inc. $ROK

Lido Advisors LLC boosted its holdings in Rockwell Automation, Inc. (NYSE:ROK) by 27.3% during the 1st quarter, HoldingsChannel.com reports. The fund owned 7,992 shares of the industrial products company’s stock after buying an additional 1,715 shares during the period. Lido Advisors LLC’s holdings in Rockwell Automation were worth $2,868,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Norges Bank bought a new stake in shares of Rockwell Automation in the 4th quarter worth $615,596,000. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Rockwell Automation by 5,925.6% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 906,192 shares of the industrial products company’s stock valued at $352,572,000 after purchasing an additional 891,153 shares in the last quarter. Eurizon Capital SGR S.p.A. bought a new position in shares of Rockwell Automation during the fourth quarter valued at $156,017,000. Invesco Ltd. boosted its position in shares of Rockwell Automation by 25.0% during the fourth quarter. Invesco Ltd. now owns 1,545,104 shares of the industrial products company’s stock valued at $601,154,000 after buying an additional 309,316 shares during the last quarter. Finally, Balyasny Asset Management L.P. increased its holdings in Rockwell Automation by 1,666.2% in the 3rd quarter. Balyasny Asset Management L.P. now owns 321,722 shares of the industrial products company’s stock worth $112,451,000 after buying an additional 303,506 shares in the last quarter. 75.75% of the stock is currently owned by hedge funds and other institutional investors.

Rockwell Automation Stock Performance

ROK opened at $462.55 on Friday. The company has a 50 day simple moving average of $461.94 and a two-hundred day simple moving average of $422.04. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.09 and a quick ratio of 0.76. The firm has a market cap of $51.47 billion, a P/E ratio of 48.08, a PEG ratio of 2.95 and a beta of 1.54. Rockwell Automation, Inc. has a 1-year low of $305.44 and a 1-year high of $497.36.

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. Rockwell Automation had a net margin of 12.36% and a return on equity of 37.54%. The firm had revenue of $2.24 billion for the quarter, compared to the consensus estimate of $2.16 billion. During the same period last year, the firm earned $2.45 EPS. The company’s revenue was up 11.9% on a year-over-year basis. Rockwell Automation has set its FY 2026 guidance at 12.500-13.100 EPS. Equities analysts forecast that Rockwell Automation, Inc. will post 13.06 earnings per share for the current fiscal year.

Rockwell Automation declared that its board has approved a stock repurchase program on Tuesday, June 9th that authorizes the company to repurchase $1.00 billion in outstanding 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 typically a sign that the company’s board believes its shares are undervalued.

Rockwell Automation Dividend Announcement

The firm 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 dividend of $1.38 per share. The ex-dividend date of this dividend is Monday, August 17th. This represents a $5.52 dividend on an annualized basis and a yield of 1.2%. Rockwell Automation’s dividend payout ratio (DPR) is currently 57.38%.

Insiders Place Their Bets

In related news, VP John M. Miller sold 1,054 shares of Rockwell Automation stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $426.02, for a total transaction of $449,025.08. Following the sale, 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Matthew W. Fordenwalt sold 600 shares of the business’s stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $449.58, for a total value of $269,748.00. Following the completion of the transaction, the senior vice president directly owned 4,437 shares in the company, valued at approximately $1,994,786.46. This represents a 11.91% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 9,361 shares of company stock valued at $4,189,886. Insiders own 0.76% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. Evercore upped their target price on shares of Rockwell Automation from $440.00 to $480.00 in a research note on Wednesday, May 6th. The Goldman Sachs Group increased their price objective on shares of Rockwell Automation from $448.00 to $487.00 in a research report on Wednesday, May 6th. Rothschild & Co Redburn raised their target price on shares of Rockwell Automation from $365.00 to $378.00 in a report on Wednesday, May 6th. KeyCorp lifted their target price on shares of Rockwell Automation from $470.00 to $510.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 6th. Finally, Argus boosted their target price on shares of Rockwell Automation from $465.00 to $530.00 and gave the company a “buy” rating in a research note on Wednesday, June 24th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and eleven have assigned a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $469.33.

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.