Nissay Asset Management Corp Japan Increases Stock Position in Rockwell Automation, Inc. $ROK

Nissay Asset Management Corp Japan boosted its position in shares of Rockwell Automation, Inc. (NYSE:ROK) by 63.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 67,367 shares of the industrial products company’s stock after purchasing an additional 26,127 shares during the period. Nissay Asset Management Corp Japan owned approximately 0.06% of Rockwell Automation worth $33,352,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in ROK. Flputnam Investment Management Co. bought a new position in Rockwell Automation during the 2nd quarter valued at $1,001,000. Mandatum Life Insurance Co Ltd grew its stake in shares of Rockwell Automation by 26.9% in the 1st quarter. Mandatum Life Insurance Co Ltd now owns 22,200 shares of the industrial products company’s stock worth $7,967,000 after acquiring an additional 4,700 shares in the last quarter. Brighton Jones LLC purchased a new stake in shares of Rockwell Automation in the fourth quarter valued at about $281,000. Handelsbanken Fonder AB raised its holdings in shares of Rockwell Automation by 24.6% in the fourth quarter. Handelsbanken Fonder AB now owns 169,457 shares of the industrial products company’s stock valued at $65,931,000 after purchasing an additional 33,413 shares during the last quarter. Finally, Crossmark Global Holdings Inc. lifted its position in shares of Rockwell Automation by 197.9% during the fourth quarter. Crossmark Global Holdings Inc. now owns 13,905 shares of the industrial products company’s stock valued at $5,410,000 after purchasing an additional 9,238 shares in the last quarter. Hedge funds and other institutional investors own 75.75% of the company’s stock.

Insider Transactions at Rockwell Automation

In other Rockwell Automation news, Director Patricia A. Watson sold 1,100 shares of the company’s stock in a transaction dated Thursday, August 27th. The shares were sold at an average price of $431.43, for a total transaction of $474,573.00. Following the sale, the director directly owned 6,385 shares of the company’s stock, valued at $2,754,680.55. This represents a 14.70% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Christian E. Rothe sold 590 shares of the stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $434.30, for a total transaction of $256,237.00. Following the transaction, the chief financial officer owned 10,429 shares of the company’s stock, valued at $4,529,314.70. This represents a 5.35% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last 90 days, insiders sold 2,285 shares of company stock worth $1,003,904. 0.76% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on ROK shares. Wells Fargo & Company upped their price objective on shares of Rockwell Automation from $360.00 to $440.00 and gave the stock an “equal weight” rating in a research report on Wednesday, May 6th. Sanford C. Bernstein boosted their target price on Rockwell Automation from $501.00 to $514.00 and gave the stock a “market perform” rating in a research note on Friday, August 14th. Mizuho set a $445.00 target price on Rockwell Automation in a report on Wednesday, May 6th. Wall Street Zen downgraded Rockwell Automation from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. Finally, Barclays lifted their price target on Rockwell Automation from $400.00 to $480.00 and gave the stock an “overweight” rating in a report 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. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $468.19.

Rockwell Automation Trading Down 0.5%

NYSE:ROK opened at $430.73 on Friday. The company has a current ratio of 1.08, a quick ratio of 0.74 and a debt-to-equity ratio of 0.74. The stock has a market capitalization of $47.83 billion, a PE ratio of 40.37, a price-to-earnings-growth ratio of 2.53 and a beta of 1.54. The firm’s 50 day moving average is $458.33 and its 200 day moving average is $427.31. Rockwell Automation, Inc. has a 12 month low of $332.71 and a 12 month high of $497.36.

Rockwell Automation (NYSE:ROK) last posted its quarterly earnings data on Tuesday, August 4th. The industrial products company reported $3.49 EPS for the quarter, beating the consensus estimate of $3.38 by $0.11. Rockwell Automation had a return on equity of 39.83% and a net margin of 13.39%.The business had revenue of $2.31 billion for the quarter, compared to the consensus estimate of $2.24 billion. During the same quarter in the prior year, the business earned $2.82 earnings per share. Rockwell Automation’s revenue for the quarter was up 7.9% on a year-over-year basis. Rockwell Automation has set its FY 2026 guidance at 13.000-13.300 EPS. Sell-side analysts expect that Rockwell Automation, Inc. will post 13.21 earnings per share for the current year.

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

Rockwell Automation Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders 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 dividend yield of 1.3%. The ex-dividend date of this dividend is Monday, August 17th. Rockwell Automation’s dividend payout ratio is currently 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.