716 Shares in Rockwell Automation, Inc. $ROK Acquired by Washington Trust Bank

Washington Trust Bank acquired a new stake in Rockwell Automation, Inc. (NYSE:ROK) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 716 shares of the industrial products company’s stock, valued at approximately $238,000.

Other institutional investors have also added to or reduced their stakes in the company. Goldman Sachs Group Inc. boosted its stake in Rockwell Automation by 11.8% in the first quarter. Goldman Sachs Group Inc. now owns 1,819,379 shares of the industrial products company’s stock valued at $470,091,000 after buying an additional 191,370 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Rockwell Automation by 0.6% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,579,956 shares of the industrial products company’s stock valued at $408,229,000 after purchasing an additional 9,920 shares during the last quarter. Invesco Ltd. increased its position in Rockwell Automation by 2.2% during the 1st quarter. Invesco Ltd. now owns 1,448,160 shares of the industrial products company’s stock worth $374,176,000 after purchasing an additional 30,837 shares in the last quarter. Northern Trust Corp lifted its stake in Rockwell Automation by 0.4% in the 1st quarter. Northern Trust Corp now owns 1,396,303 shares of the industrial products company’s stock valued at $360,777,000 after purchasing an additional 4,972 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in Rockwell Automation by 1.0% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,170,010 shares of the industrial products company’s stock valued at $302,307,000 after purchasing an additional 11,849 shares during the last quarter. 75.75% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Rockwell Automation

In other Rockwell Automation news, Director James P. Keane sold 3,000 shares of the firm’s stock in a transaction on Tuesday, August 26th. The shares were sold at an average price of $356.06, for a total value of $1,068,180.00. Following the completion of the sale, the director directly owned 9,192 shares in the company, valued at approximately $3,272,903.52. This trade represents a 24.61% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Blake D. Moret sold 24,400 shares of the company’s stock in a transaction that occurred on Thursday, September 11th. The stock was sold at an average price of $350.13, for a total value of $8,543,172.00. Following the transaction, the chief executive officer directly owned 83,873 shares in the company, valued at approximately $29,366,453.49. This trade represents a 22.54% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 30,375 shares of company stock worth $10,661,109 over the last ninety days. 0.68% of the stock is owned by corporate insiders.

Rockwell Automation Stock Performance

NYSE:ROK opened at $373.20 on Friday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.72 and a current ratio of 1.06. Rockwell Automation, Inc. has a fifty-two week low of $215.00 and a fifty-two week high of $396.89. The company has a 50 day simple moving average of $349.11 and a two-hundred day simple moving average of $330.36. The company has a market capitalization of $41.96 billion, a PE ratio of 43.80, a P/E/G ratio of 3.30 and a beta of 1.45.

Rockwell Automation (NYSE:ROK) last released its earnings results on Thursday, November 6th. The industrial products company reported $3.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.94 by $0.40. Rockwell Automation had a net margin of 12.03% and a return on equity of 30.14%. The business had revenue of $2.32 billion for the quarter, compared to analyst estimates of $2.19 billion. During the same quarter in the previous year, the business earned $2.47 earnings per share. Rockwell Automation’s revenue for the quarter was up 13.8% on a year-over-year basis. Rockwell Automation has set its FY 2026 guidance at 11.200-12.200 EPS. Research analysts anticipate that Rockwell Automation, Inc. will post 9.35 earnings per share for the current year.

Rockwell Automation Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Monday, November 17th will be paid a $1.38 dividend. The ex-dividend date is Monday, November 17th. This represents a $5.52 annualized dividend and a dividend yield of 1.5%. This is an increase from Rockwell Automation’s previous quarterly dividend of $1.31. Rockwell Automation’s dividend payout ratio (DPR) is presently 64.79%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Oppenheimer reiterated an “outperform” rating on shares of Rockwell Automation in a report on Friday. Stephens reaffirmed an “overweight” rating and issued a $375.00 target price (up previously from $350.00) on shares of Rockwell Automation in a report on Wednesday, July 16th. Bank of America upgraded Rockwell Automation from a “neutral” rating to a “buy” rating and increased their target price for the company from $360.00 to $410.00 in a research report on Wednesday, July 16th. Barclays lifted their price target on Rockwell Automation from $357.00 to $370.00 and gave the company an “overweight” rating in a research note on Thursday, August 14th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Rockwell Automation in a research note on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $347.94.

Rockwell Automation Profile

Rockwell Automation, Inc provides industrial automation and digital transformation solutions in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. The company operates through three segments, Intelligent Devices, Software & Control, and Lifecycle Services. Its solutions include hardware and software products and services.