Jag Capital Management LLC Grows Stake in Rockwell Automation, Inc. $ROK

Jag Capital Management LLC grew its position in Rockwell Automation, Inc. (NYSE:ROK) by 53.9% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 54,596 shares of the industrial products company’s stock after purchasing an additional 19,118 shares during the quarter. Rockwell Automation makes up 2.2% of Jag Capital Management LLC’s portfolio, making the stock its 17th biggest position. Jag Capital Management LLC’s holdings in Rockwell Automation were worth $19,593,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in ROK. Wealthfront Advisers LLC increased its position in Rockwell Automation by 0.6% during the 1st quarter. Wealthfront Advisers LLC now owns 9,339 shares of the industrial products company’s stock valued at $3,352,000 after purchasing an additional 54 shares during the period. Illinois Municipal Retirement Fund bought a new position in shares of Rockwell Automation during the first quarter valued at approximately $1,092,000. Ethos Financial Group LLC boosted its stake in shares of Rockwell Automation by 57.4% during the first quarter. Ethos Financial Group LLC now owns 930 shares of the industrial products company’s stock valued at $334,000 after purchasing an additional 339 shares in the last quarter. SouthState Bank Corp increased its holdings in Rockwell Automation by 1.1% during the first quarter. SouthState Bank Corp now owns 54,402 shares of the industrial products company’s stock valued at $19,524,000 after buying an additional 587 shares during the period. Finally, Mandatum Life Insurance Co Ltd raised its stake in Rockwell Automation by 26.9% in the first quarter. Mandatum Life Insurance Co Ltd now owns 22,200 shares of the industrial products company’s stock worth $7,967,000 after buying an additional 4,700 shares in the last quarter. Hedge funds and other institutional investors own 75.75% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on ROK. KeyCorp lifted their price target on Rockwell Automation from $470.00 to $510.00 and gave the company an “overweight” rating in a report on Wednesday, May 6th. Wall Street Zen cut shares of Rockwell Automation from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. JPMorgan Chase & Co. boosted their price objective on shares of Rockwell Automation from $404.00 to $417.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 6th. Argus increased their target price on shares of Rockwell Automation from $465.00 to $530.00 and gave the company a “buy” rating in a research report on Wednesday, June 24th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Rockwell Automation in a research note on Thursday, June 18th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and eleven have issued a Hold rating to the stock. Based on data from MarketBeat, Rockwell Automation currently has a consensus rating of “Moderate Buy” and a consensus target price of $469.33.

Rockwell Automation Price Performance

NYSE ROK opened at $469.08 on Friday. The company has a market cap of $52.19 billion, a price-to-earnings ratio of 48.76, a PEG ratio of 2.94 and a beta of 1.54. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.09 and a quick ratio of 0.76. The stock’s fifty day moving average price is $461.10 and its 200 day moving average price is $419.38. Rockwell Automation, Inc. has a 1 year low of $305.44 and a 1 year high of $497.36.

Rockwell Automation (NYSE:ROK) last posted its quarterly earnings results on Tuesday, May 5th. The industrial products company reported $3.30 earnings per share for the quarter, beating the consensus estimate of $2.88 by $0.42. The business had revenue of $2.24 billion for the quarter, compared to the consensus estimate of $2.16 billion. Rockwell Automation had a return on equity of 37.54% and a net margin of 12.36%.The company’s quarterly revenue was up 11.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.45 EPS. Rockwell Automation has set its FY 2026 guidance at 12.500-13.100 EPS. As a group, equities research analysts forecast that Rockwell Automation, Inc. will post 13.06 earnings per share for the current year.

Rockwell Automation Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Monday, August 17th will be issued a $1.38 dividend. This represents a $5.52 annualized dividend and a yield of 1.2%. The ex-dividend date is Monday, August 17th. Rockwell Automation’s dividend payout ratio is 57.38%.

Rockwell Automation announced that its board has initiated a share repurchase plan on Tuesday, June 9th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the industrial products company to buy up to 2% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board believes its shares are undervalued.

Insiders Place Their Bets

In other news, SVP Christopher Nardecchia sold 2,538 shares of the firm’s stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $446.43, for a total transaction of $1,133,039.34. Following the sale, the senior vice president owned 14,232 shares of the company’s stock, valued at $6,353,591.76. This trade represents a 15.13% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP John M. Miller sold 1,054 shares of the business’s stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $426.02, for a total transaction of $449,025.08. Following the completion of the transaction, the vice president owned 5,615 shares of the company’s stock, valued at approximately $2,392,102.30. This represents a 15.80% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 9,361 shares of company stock worth $4,189,886. Corporate insiders own 0.76% of the company’s stock.

About Rockwell Automation

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.