Ontario Teachers Pension Plan Board Invests $29.78 Million in Rockwell Automation, Inc. $ROK

Ontario Teachers Pension Plan Board acquired a new position in shares of Rockwell Automation, Inc. (NYSE:ROK) in the 2nd quarter, HoldingsChannel reports. The fund acquired 60,143 shares of the industrial products company’s stock, valued at approximately $29,776,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of ROK. Castle Rock Wealth Management LLC lifted its position in Rockwell Automation by 2.2% during the 2nd quarter. Castle Rock Wealth Management LLC now owns 1,038 shares of the industrial products company’s stock worth $501,000 after acquiring an additional 22 shares during the last quarter. Richards Merrill & Peterson Inc. boosted its holdings in Rockwell Automation by 1.9% during the first quarter. Richards Merrill & Peterson Inc. now owns 1,358 shares of the industrial products company’s stock valued at $487,000 after acquiring an additional 25 shares during the period. Cidel Asset Management Inc. grew its position in shares of Rockwell Automation by 4.6% in the first quarter. Cidel Asset Management Inc. now owns 574 shares of the industrial products company’s stock valued at $206,000 after purchasing an additional 25 shares during the last quarter. HBK Sorce Advisory LLC grew its position in shares of Rockwell Automation by 0.7% in the fourth quarter. HBK Sorce Advisory LLC now owns 3,719 shares of the industrial products company’s stock valued at $1,544,000 after purchasing an additional 27 shares during the last quarter. Finally, Johnson Investment Counsel Inc. increased its stake in shares of Rockwell Automation by 1.9% in the fourth quarter. Johnson Investment Counsel Inc. now owns 1,412 shares of the industrial products company’s stock worth $549,000 after purchasing an additional 27 shares during the period. 75.75% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, SVP Matthew W. Fordenwalt sold 377 shares of the business’s stock in a transaction that occurred on Thursday, June 4th. The stock was sold at an average price of $460.51, for a total transaction of $173,612.27. Following the sale, the senior vice president directly owned 4,437 shares in the company, valued at approximately $2,043,282.87. The trade was a 7.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.76% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the company. DA Davidson assumed coverage on Rockwell Automation in a research report on Tuesday, June 16th. They set a “neutral” rating and a $500.00 price objective for the company. Wall Street Zen downgraded Rockwell Automation from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. HSBC upped their price target on Rockwell Automation from $445.00 to $490.00 in a report on Wednesday, May 6th. KeyCorp increased their price objective on Rockwell Automation from $470.00 to $510.00 and gave the company an “overweight” rating in a research report on Wednesday, May 6th. Finally, Mizuho set a $445.00 price objective on shares of Rockwell Automation in a research note on Wednesday, May 6th. Nine equities research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Rockwell Automation presently has a consensus rating of “Hold” and an average target price of $468.67.

Rockwell Automation Stock Down 2.5%

NYSE ROK opened at $433.41 on Wednesday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.74 and a current ratio of 1.08. The firm has a 50-day simple moving average of $463.07 and a 200 day simple moving average of $426.80. Rockwell Automation, Inc. has a twelve month low of $332.71 and a twelve month high of $497.36. The stock has a market cap of $48.13 billion, a PE ratio of 40.62, a PEG ratio of 2.62 and a beta of 1.54.

Rockwell Automation (NYSE:ROK) last issued its quarterly earnings results on Tuesday, August 4th. The industrial products company reported $3.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.38 by $0.11. The firm had revenue of $2.31 billion for the quarter, compared to analyst estimates of $2.24 billion. Rockwell Automation had a return on equity of 39.83% and a net margin of 13.39%.The company’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same period in the previous year, the company posted $2.82 earnings per share. Rockwell Automation has set its FY 2026 guidance at 13.000-13.300 EPS. On average, research analysts forecast that Rockwell Automation, Inc. will post 13.22 EPS for the current year.

Rockwell Automation announced that its Board of Directors has initiated a stock buyback plan on Tuesday, June 9th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the industrial products company to reacquire up to 2% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.

Rockwell Automation Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Monday, August 17th will be issued a dividend of $1.38 per share. This represents a $5.52 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend is Monday, August 17th. Rockwell Automation’s dividend payout ratio (DPR) is presently 51.73%.

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.