Odyssean LLC Acquires Shares of 1,418 Rockwell Automation, Inc. $ROK

Odyssean LLC bought a new position in shares of Rockwell Automation, Inc. (NYSE:ROK) during the second quarter, Holdings Channel reports. The firm bought 1,418 shares of the industrial products company’s stock, valued at approximately $702,000.

Other institutional investors also recently added to or reduced their stakes in the company. BlackRock Inc. bought a new stake in Rockwell Automation in the second quarter worth about $6,129,376,000. State Street Corp increased its stake in shares of Rockwell Automation by 4.2% during the 4th quarter. State Street Corp now owns 4,996,130 shares of the industrial products company’s stock worth $1,943,844,000 after purchasing an additional 202,705 shares during the last quarter. Geode Capital Management LLC lifted its stake in Rockwell Automation by 0.6% in the fourth quarter. Geode Capital Management LLC now owns 2,924,501 shares of the industrial products company’s stock valued at $1,133,397,000 after purchasing an additional 17,855 shares during the last quarter. Morgan Stanley grew its holdings in Rockwell Automation by 10.4% during the fourth quarter. Morgan Stanley now owns 2,921,840 shares of the industrial products company’s stock valued at $1,136,801,000 after purchasing an additional 276,021 shares during the period. Finally, Goldman Sachs Group Inc. raised its stake in shares of Rockwell Automation by 1.2% in the fourth quarter. Goldman Sachs Group Inc. now owns 2,104,985 shares of the industrial products company’s stock valued at $818,986,000 after buying an additional 24,719 shares during the period. Institutional investors own 75.75% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on ROK shares. KeyCorp increased their price target on Rockwell Automation from $470.00 to $510.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 6th. Evercore set a $485.00 target price on shares of Rockwell Automation in a research note on Wednesday, August 5th. Argus raised their price objective on shares of Rockwell Automation from $465.00 to $530.00 and gave the stock a “buy” rating in a report on Wednesday, June 24th. Robert W. Baird set a $514.00 price objective on shares of Rockwell Automation in a research note on Wednesday, August 5th. Finally, Citigroup cut their price target on Rockwell Automation from $555.00 to $536.00 and set a “buy” rating for the company in a report on Wednesday, August 5th. Nine analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Rockwell Automation presently has a consensus rating of “Hold” and a consensus price target of $468.19.

Rockwell Automation Stock Performance

NYSE ROK opened at $432.44 on Thursday. The company has a market capitalization of $48.02 billion, a P/E ratio of 40.53, a P/E/G ratio of 2.51 and a beta of 1.54. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.74 and a current ratio of 1.08. Rockwell Automation, Inc. has a 52-week low of $332.71 and a 52-week high of $497.36. The company has a fifty day moving average of $460.04 and a 200-day moving average of $427.16.

Rockwell Automation (NYSE:ROK) last released its quarterly earnings results on Tuesday, August 4th. The industrial products company reported $3.49 earnings per share for the quarter, beating analysts’ consensus estimates of $3.38 by $0.11. Rockwell Automation had a return on equity of 39.83% and a net margin of 13.39%.The business had revenue of $2.31 billion for the quarter, compared to the consensus estimate of $2.24 billion. During the same quarter last year, the business posted $2.82 earnings per share. The company’s revenue for the quarter was up 7.9% on a year-over-year basis. Rockwell Automation has set its FY 2026 guidance at 13.000-13.300 EPS. As a group, equities research analysts predict that Rockwell Automation, Inc. will post 13.21 EPS for the current fiscal year.

Rockwell Automation Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Monday, August 17th will be given a $1.38 dividend. The ex-dividend date is Monday, August 17th. This represents a $5.52 dividend on an annualized basis and a yield of 1.3%. Rockwell Automation’s payout ratio is presently 51.73%.

Rockwell Automation declared that its Board of Directors has initiated a share buyback plan 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 repurchase up to 2% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s management believes its shares are undervalued.

Insider Activity at Rockwell Automation

In other Rockwell Automation news, SVP Matthew W. Fordenwalt sold 377 shares of the stock in a transaction that occurred 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 directly owned 4,437 shares in the company, valued at $2,043,282.87. This trade represents a 7.83% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Christian E. Rothe sold 590 shares of Rockwell Automation stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of $434.30, for a total transaction of $256,237.00. Following the transaction, the chief financial officer directly owned 10,429 shares in the company, valued at $4,529,314.70. This trade represents a 5.35% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 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. In the last ninety days, insiders sold 1,185 shares of company stock valued at $529,331. 0.76% of the stock is owned by insiders.

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.