Tidal Investments LLC Boosts Holdings in Rockwell Automation, Inc. $ROK

Tidal Investments LLC boosted its stake in shares of Rockwell Automation, Inc. (NYSE:ROK) by 21.7% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 58,206 shares of the industrial products company’s stock after acquiring an additional 10,372 shares during the quarter. Tidal Investments LLC owned 0.05% of Rockwell Automation worth $28,817,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ROK. IPG Investment Advisors LLC bought a new stake in shares of Rockwell Automation in the 2nd quarter worth approximately $2,352,000. MCF Advisors LLC increased its position in shares of Rockwell Automation by 0.8% during the second quarter. MCF Advisors LLC now owns 4,784 shares of the industrial products company’s stock valued at $2,368,000 after buying an additional 40 shares during the period. Lotus Asset Management LLC bought a new position in Rockwell Automation in the second quarter worth about $243,000. National Pension Service lifted its holdings in Rockwell Automation by 1.6% in the second quarter. National Pension Service now owns 173,815 shares of the industrial products company’s stock worth $86,052,000 after buying an additional 2,797 shares during the period. Finally, Pinnacle Wealth Management Advisory Group LLC boosted its position in Rockwell Automation by 188.4% during the 2nd quarter. Pinnacle Wealth Management Advisory Group LLC now owns 2,180 shares of the industrial products company’s stock valued at $1,079,000 after acquiring an additional 1,424 shares in the last quarter. 75.75% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on ROK shares. TD Cowen lifted their price target on Rockwell Automation from $350.00 to $400.00 and gave the company a “hold” rating in a research report on Wednesday, May 13th. Evercore set a $485.00 target price on shares of Rockwell Automation in a research report on Wednesday, August 5th. Robert W. Baird set a $514.00 price target on shares of Rockwell Automation in a research report on Wednesday, August 5th. Zacks Research lowered shares of Rockwell Automation from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 30th. Finally, DA Davidson cut their price objective on shares of Rockwell Automation from $500.00 to $490.00 and set a “neutral” rating on the stock in a report on Friday, August 21st. Nine investment analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $469.14.

Insiders Place Their Bets

In other Rockwell Automation news, VP Isaac Woods sold 154 shares of the business’s stock in a transaction dated Tuesday, September 8th. The stock was sold at an average price of $432.62, for a total value of $66,623.48. Following the completion of the transaction, the vice president owned 1,858 shares of the company’s stock, valued at approximately $803,807.96. The trade was a 7.65% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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. Also, Director Patricia Watson sold 1,100 shares of the firm’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 in the company, valued at approximately $2,754,680.55. The trade was a 14.70% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 2,711 shares of company stock valued at $1,164,880 over the last quarter. Corporate insiders own 0.76% of the company’s stock.

Rockwell Automation Stock Performance

Shares of Rockwell Automation stock opened at $426.73 on Thursday. Rockwell Automation, Inc. has a 1 year low of $332.71 and a 1 year high of $497.36. The firm’s 50-day moving average is $450.53 and its 200 day moving average is $429.20. The stock has a market cap of $47.39 billion, a price-to-earnings ratio of 39.99, a PEG ratio of 2.50 and a beta of 1.52. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.08 and a quick ratio of 0.74.

Rockwell Automation (NYSE:ROK) last issued its earnings results on Tuesday, August 4th. The industrial products company reported $3.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.38 by $0.11. Rockwell Automation had a net margin of 13.39% and a return on equity of 39.83%. The business had revenue of $2.31 billion during the quarter, compared to analysts’ expectations of $2.24 billion. During the same period in the previous year, the company earned $2.82 earnings per share. The business’s revenue for the quarter was up 7.9% compared to the same quarter last year. Rockwell Automation has set its FY 2026 guidance at 13.000-13.300 EPS. Sell-side analysts anticipate that Rockwell Automation, Inc. will post 13.23 EPS for the current fiscal year.

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

Rockwell Automation Profile

Rockwell Automation, Inc (NYSE: ROK) is a global provider of industrial automation and digital transformation technologies. The company helps manufacturers and other industrial organizations improve productivity, safety, quality and operational efficiency by connecting control systems, equipment, software and data across production environments.

Its portfolio includes programmable logic controllers, industrial computers, sensors, motor control and drives, motion-control systems, safety equipment, human-machine interfaces and industrial networking technologies.