Jennison Associates LLC Has $89.75 Million Stock Position in Rockwell Automation, Inc. $ROK

Jennison Associates LLC grew its holdings in shares of Rockwell Automation, Inc. (NYSE:ROK) by 9.5% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 250,085 shares of the industrial products company’s stock after acquiring an additional 21,679 shares during the period. Jennison Associates LLC’s holdings in Rockwell Automation were worth $89,750,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of ROK. Brighton Jones LLC acquired a new stake in Rockwell Automation in the fourth quarter valued at $281,000. AQR Capital Management LLC lifted its holdings in Rockwell Automation by 75.9% during the 1st quarter. AQR Capital Management LLC now owns 8,139 shares of the industrial products company’s stock worth $2,059,000 after buying an additional 3,513 shares during the period. Empowered Funds LLC grew its position in shares of Rockwell Automation by 142.7% in the 1st quarter. Empowered Funds LLC now owns 7,305 shares of the industrial products company’s stock valued at $1,887,000 after buying an additional 4,295 shares during the last quarter. Acadian Asset Management LLC grew its position in shares of Rockwell Automation by 233.6% in the 1st quarter. Acadian Asset Management LLC now owns 1,878 shares of the industrial products company’s stock valued at $484,000 after buying an additional 1,315 shares during the last quarter. Finally, Jump Financial LLC acquired a new stake in shares of Rockwell Automation in the second quarter valued at about $868,000. Institutional investors own 75.75% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on ROK. Morgan Stanley reaffirmed an “overweight” rating and issued a $525.00 price objective on shares of Rockwell Automation in a research note on Wednesday, May 6th. TD Cowen increased their target price on shares of Rockwell Automation from $350.00 to $400.00 and gave the company a “hold” rating in a research report on Wednesday, May 13th. Wall Street Zen lowered shares of Rockwell Automation from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. Citigroup boosted their price target on shares of Rockwell Automation from $500.00 to $555.00 and gave the stock a “buy” rating in a research report on Monday, July 13th. Finally, Barclays upped their price objective on shares of Rockwell Automation from $400.00 to $480.00 and gave the company an “overweight” rating in a research note on Wednesday, May 6th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and eleven have given a Hold rating to the stock. Based on data from MarketBeat.com, Rockwell Automation has a consensus rating of “Moderate Buy” and an average target price of $469.33.

Rockwell Automation Stock Down 0.1%

Shares of NYSE:ROK opened at $461.50 on Monday. The company has a market capitalization of $51.35 billion, a price-to-earnings ratio of 47.97, a P/E/G 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 business’s 50-day moving average is $461.27 and its 200-day moving average is $419.84. Rockwell Automation, Inc. has a 1 year low of $305.44 and a 1 year high of $497.36.

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

Rockwell Automation Dividend Announcement

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

Rockwell Automation declared that its board has initiated a share buyback program on Tuesday, June 9th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the industrial products company to reacquire up to 2% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

Insider Activity at Rockwell Automation

In other news, VP Scott Genereux sold 550 shares of Rockwell Automation stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $447.73, for a total value of $246,251.50. Following the completion of the sale, the vice president owned 2,764 shares in the company, valued at $1,237,525.72. The trade was a 16.60% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Matthew W. Fordenwalt sold 377 shares of the business’s stock in a transaction on Thursday, June 4th. The shares were sold at an average price of $460.51, for a total transaction of $173,612.27. Following the transaction, the senior vice president owned 4,437 shares in the company, valued at $2,043,282.87. The trade was a 7.83% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over 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.