Meridian Wealth Management LLC Acquires Shares of 1,481 Rockwell Automation, Inc. $ROK

Meridian Wealth Management LLC acquired a new stake in shares of Rockwell Automation, Inc. (NYSE:ROK) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 1,481 shares of the industrial products company’s stock, valued at approximately $576,000.

Other hedge funds have also added to or reduced their stakes in the company. First Horizon Corp purchased a new position in Rockwell Automation during the 4th quarter valued at $32,000. Fortitude Family Office LLC increased its position in Rockwell Automation by 109.5% during the 4th quarter. Fortitude Family Office LLC now owns 88 shares of the industrial products company’s stock valued at $34,000 after purchasing an additional 46 shares during the period. Ameriflex Group Inc. increased its position in Rockwell Automation by 100.0% during the 3rd quarter. Ameriflex Group Inc. now owns 100 shares of the industrial products company’s stock valued at $35,000 after purchasing an additional 50 shares during the period. Dynamic Wealth Strategies LLC increased its position in Rockwell Automation by 80.7% during the 4th quarter. Dynamic Wealth Strategies LLC now owns 103 shares of the industrial products company’s stock valued at $40,000 after purchasing an additional 46 shares during the period. Finally, Laurel Wealth Advisors LLC purchased a new position in Rockwell Automation during the 4th quarter valued at $55,000. 75.75% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on ROK. Wells Fargo & Company boosted their target price on shares of Rockwell Automation from $360.00 to $440.00 and gave the company an “equal weight” rating in a report on Wednesday, May 6th. HSBC boosted their target price on shares of Rockwell Automation from $445.00 to $490.00 in a report on Wednesday, May 6th. Mizuho set a $445.00 target price on shares of Rockwell Automation in a report on Wednesday, May 6th. Stephens boosted their target price on shares of Rockwell Automation from $425.00 to $475.00 and gave the company an “overweight” rating in a report on Friday, January 23rd. Finally, TD Cowen boosted their target price on shares of Rockwell Automation from $350.00 to $400.00 and gave the company a “hold” rating in a report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat, Rockwell Automation currently has an average rating of “Moderate Buy” and an average price target of $449.16.

Insider Buying and Selling

In related news, SVP Rebecca W. House sold 12,100 shares of the company’s stock in a transaction dated Wednesday, February 25th. The shares were sold at an average price of $404.27, for a total value of $4,891,667.00. Following the transaction, the senior vice president owned 12,200 shares in the company, valued at $4,932,094. The trade was a 49.79% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Terry L. Riesterer sold 4,024 shares of the company’s stock in a transaction dated Thursday, May 7th. The stock was sold at an average price of $451.97, for a total transaction of $1,818,727.28. Following the completion of the transaction, the vice president owned 134 shares in the company, valued at approximately $60,563.98. The trade was a 96.78% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 59,087 shares of company stock worth $24,296,483 over the last quarter. 0.76% of the stock is owned by insiders.

Rockwell Automation Stock Performance

Shares of ROK stock opened at $455.82 on Friday. Rockwell Automation, Inc. has a 12 month low of $298.70 and a 12 month high of $463.48. The stock has a market cap of $50.72 billion, a PE ratio of 47.38, a price-to-earnings-growth ratio of 2.93 and a beta of 1.56. The company has a current ratio of 1.09, a quick ratio of 0.76 and a debt-to-equity ratio of 0.72. The company’s fifty day moving average price is $391.61 and its 200-day moving average price is $395.57.

Rockwell Automation (NYSE:ROK) last announced its earnings results on Tuesday, May 5th. The industrial products company reported $3.30 EPS for the quarter, beating analysts’ consensus estimates of $2.88 by $0.42. The firm had revenue of $2.24 billion for the quarter, compared to analysts’ expectations of $2.16 billion. Rockwell Automation had a net margin of 12.36% and a return on equity of 37.54%. The company’s quarterly revenue was up 11.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.45 EPS. Rockwell Automation has set its FY 2026 guidance at 12.500-13.100 EPS. On average, equities analysts expect that Rockwell Automation, Inc. will post 12.93 EPS for the current fiscal year.

Rockwell Automation Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Monday, May 18th will be paid a $1.38 dividend. The ex-dividend date is Monday, May 18th. This represents a $5.52 dividend on an annualized basis and a yield of 1.2%. Rockwell Automation’s payout ratio is presently 57.38%.

Rockwell Automation Company 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.