Atlantic Union Bankshares Corp Takes Position in Rockwell Automation, Inc. $ROK

Atlantic Union Bankshares Corp bought a new stake in Rockwell Automation, Inc. (NYSE:ROK) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 11,268 shares of the industrial products company’s stock, valued at approximately $3,743,000.

A number of other hedge funds have also recently added to or reduced their stakes in ROK. Capital Investment Advisors LLC boosted its holdings in Rockwell Automation by 5.7% in the 2nd quarter. Capital Investment Advisors LLC now owns 2,192 shares of the industrial products company’s stock worth $728,000 after acquiring an additional 119 shares during the period. CWM LLC boosted its stake in shares of Rockwell Automation by 3.7% in the first quarter. CWM LLC now owns 2,353 shares of the industrial products company’s stock valued at $608,000 after purchasing an additional 84 shares during the period. Brighton Jones LLC acquired a new stake in Rockwell Automation during the 4th quarter valued at $281,000. Integrity Alliance LLC. purchased a new stake in Rockwell Automation during the 1st quarter worth $293,000. Finally, J.W. Cole Advisors Inc. lifted its holdings in Rockwell Automation by 128.7% in the 1st quarter. J.W. Cole Advisors Inc. now owns 4,382 shares of the industrial products company’s stock worth $1,132,000 after buying an additional 2,466 shares in the last quarter. 75.75% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. Citigroup restated a “buy” rating on shares of Rockwell Automation in a research note on Thursday, October 9th. Weiss Ratings restated a “buy (b-)” rating on shares of Rockwell Automation in a research note on Wednesday, October 8th. Oppenheimer lifted their price objective on Rockwell Automation from $363.00 to $365.00 and gave the stock an “outperform” rating in a report on Tuesday, October 14th. Wall Street Zen upgraded Rockwell Automation from a “hold” rating to a “buy” rating in a research note on Sunday, September 21st. Finally, Barclays lifted their price target on shares of Rockwell Automation from $357.00 to $370.00 and gave the stock an “overweight” rating in a research note on Thursday, August 14th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Rockwell Automation presently has an average rating of “Moderate Buy” and a consensus target price of $347.94.

Insiders Place Their Bets

In other news, SVP Matheus De A. G. Viera Bulho sold 822 shares of the firm’s stock in a transaction on Wednesday, October 29th. The stock was sold at an average price of $365.00, for a total transaction of $300,030.00. Following the transaction, the senior vice president directly owned 983 shares of the company’s stock, valued at approximately $358,795. This trade represents a 45.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Blake D. Moret sold 24,400 shares of the company’s stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of $350.13, for a total transaction of $8,543,172.00. Following the completion of the sale, the chief executive officer directly owned 83,873 shares of the company’s stock, valued at $29,366,453.49. The trade was a 22.54% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 30,375 shares of company stock worth $10,661,109. 0.68% of the stock is owned by company insiders.

Rockwell Automation Trading Up 2.9%

Shares of NYSE ROK opened at $373.20 on Friday. The company has a market cap of $41.96 billion, a price-to-earnings ratio of 43.80, a price-to-earnings-growth ratio of 3.30 and a beta of 1.45. The stock’s 50 day simple moving average is $349.11 and its 200 day simple moving average is $330.36. The company has a current ratio of 1.06, a quick ratio of 0.72 and a debt-to-equity ratio of 0.72. Rockwell Automation, Inc. has a 12-month low of $215.00 and a 12-month high of $396.89.

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

Rockwell Automation Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders of record on Monday, November 17th will be given a $1.38 dividend. This is a positive change from Rockwell Automation’s previous quarterly dividend of $1.31. The ex-dividend date is Monday, November 17th. This represents a $5.52 annualized dividend and a yield of 1.5%. Rockwell Automation’s payout ratio is currently 64.79%.

About Rockwell Automation

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.