Rockwell Automation, Inc. $ROK Stock: Sumitomo Mitsui DS Asset Management Company Ltd Raises Stake

Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in shares of Rockwell Automation, Inc. (NYSE:ROK) by 6.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 32,946 shares of the industrial products company’s stock after acquiring an additional 2,008 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Rockwell Automation were worth $14,342,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Virtus Advisers LLC bought a new position in shares of Rockwell Automation in the second quarter worth approximately $25,000. Cassaday & Co Wealth Management LLC purchased a new stake in Rockwell Automation in the first quarter valued at approximately $31,000. Elevation Wealth Partners LLC lifted its position in Rockwell Automation by 700.0% during the second quarter. Elevation Wealth Partners LLC now owns 88 shares of the industrial products company’s stock valued at $44,000 after purchasing an additional 77 shares during the last quarter. Lodestone Wealth Management LLC bought a new stake in Rockwell Automation during the third quarter valued at approximately $40,000. Finally, Polaris Financial Partners bought a new stake in Rockwell Automation during the third quarter valued at approximately $42,000. Hedge funds and other institutional investors own 75.75% of the company’s stock.

Rockwell Automation Price Performance

Shares of Rockwell Automation stock opened at $427.29 on Wednesday. The firm has a market capitalization of $47.45 billion, a PE ratio of 40.05, a price-to-earnings-growth ratio of 2.01 and a beta of 1.51. The company has a current ratio of 1.08, a quick ratio of 0.74 and a debt-to-equity ratio of 0.74. Rockwell Automation, Inc. has a 12 month low of $347.53 and a 12 month high of $497.36. The business’s 50-day moving average price is $431.65 and its 200-day moving average price is $440.71.

Rockwell Automation (NYSE:ROK) last released its earnings results on Tuesday, August 4th. The industrial products company reported $3.49 earnings per share for the quarter, topping analysts’ consensus estimates of $3.38 by $0.11. The company had revenue of $2.31 billion during the quarter, compared to the consensus estimate of $2.24 billion. Rockwell Automation had a return on equity of 39.83% and a net margin of 13.39%. Rockwell Automation’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.82 EPS. Rockwell Automation has set its FY 2026 guidance at 13.000-13.300 EPS. Sell-side analysts forecast that Rockwell Automation, Inc. will post 13.26 EPS for the current fiscal year.

Insider Buying and Selling at Rockwell Automation

In other news, CFO Christian E. Rothe sold 590 shares of the business’s stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $434.30, for a total value of $256,237.00. Following the completion of the sale, the chief financial officer directly owned 10,429 shares in the company, valued at approximately $4,529,314.70. The trade was a 5.35% decrease in their position. The sale was disclosed in a legal filing with the SEC, 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 A. Watson sold 1,100 shares of the business’s stock in a transaction that occurred on Thursday, August 27th. The stock was sold at an average price of $431.43, for a total transaction of $474,573.00. Following the completion of the sale, the director owned 6,385 shares of the company’s stock, valued at approximately $2,754,680.55. The trade was a 14.70% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 2,711 shares of company stock valued at $1,164,880 over the last ninety days. Insiders own 0.76% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on ROK shares. Argus boosted their price target on shares of Rockwell Automation from $465.00 to $530.00 and gave the stock a “buy” rating in a research note on Wednesday, June 24th. Citigroup lowered their price objective on shares of Rockwell Automation from $555.00 to $536.00 and set a “buy” rating on the stock in a research report on Wednesday, August 5th. Sanford C. Bernstein lifted their price objective on shares of Rockwell Automation from $501.00 to $514.00 and gave the stock a “market perform” rating in a report on Friday, August 14th. The Goldman Sachs Group dropped their price objective on shares of Rockwell Automation from $510.00 to $485.00 and set a “neutral” rating for the company in a report on Wednesday, September 30th. Finally, Morgan Stanley set a $520.00 target price on shares of Rockwell Automation in a research report on Friday. Nine investment analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $468.00.

Rockwell Automation Company Profile

Rockwell Automation, Inc (NYSE: ROK) is a global provider of industrial automation and digital transformation technologies. The company helps manufacturers and industrial organizations improve productivity, safety, quality and operational efficiency through connected hardware, software and services.

Its product portfolio includes industrial control systems, programmable logic controllers, motor control and sensing equipment, industrial computers, safety products, networking technologies and power-control solutions.