Crestwood Advisors Group LLC Makes New $278,000 Investment in Rockwell Automation, Inc. $ROK

Crestwood Advisors Group LLC bought a new position in shares of Rockwell Automation, Inc. (NYSE:ROK) during the second quarter, HoldingsChannel reports. The institutional investor bought 836 shares of the industrial products company’s stock, valued at approximately $278,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Financial Gravity Asset Management Inc. bought a new position in Rockwell Automation in the first quarter worth approximately $31,000. IMA Advisory Services Inc. bought a new stake in Rockwell Automation during the 1st quarter valued at $32,000. Legend Financial Advisors Inc. purchased a new stake in shares of Rockwell Automation in the 2nd quarter worth $39,000. Cary Street Partners Investment Advisory LLC lifted its holdings in shares of Rockwell Automation by 59.6% in the 1st quarter. Cary Street Partners Investment Advisory LLC now owns 166 shares of the industrial products company’s stock worth $43,000 after buying an additional 62 shares during the period. Finally, AdvisorShares Investments LLC bought a new position in shares of Rockwell Automation during the 2nd quarter worth $50,000. Institutional investors own 75.75% of the company’s stock.

Wall Street Analysts Forecast Growth

ROK has been the subject of several recent research reports. Oppenheimer restated an “outperform” rating and issued a $391.00 price objective on shares of Rockwell Automation in a report on Friday. Weiss Ratings restated a “buy (b-)” rating on shares of Rockwell Automation in a report on Wednesday, October 8th. Bank of America raised shares of Rockwell Automation from a “neutral” rating to a “buy” rating and upped their price target for the stock from $360.00 to $410.00 in a research report on Wednesday, July 16th. Wall Street Zen raised shares of Rockwell Automation from a “hold” rating to a “buy” rating in a report on Sunday, September 21st. Finally, JPMorgan Chase & Co. upped their target price on Rockwell Automation from $320.00 to $357.00 and gave the stock a “neutral” rating in a report on Wednesday, October 15th. One research 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 assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $353.39.

Insider Activity

In related news, SVP Matheus De A. G. Viera Bulho sold 822 shares of the company’s stock in a transaction dated 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 $358,795. This represents a 45.54% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, VP Isaac Woods sold 365 shares of the stock in a transaction dated Friday, August 29th. The shares were sold at an average price of $348.44, for a total value of $127,180.60. Following the completion of the sale, the vice president owned 1,691 shares of the company’s stock, valued at approximately $589,212.04. This trade represents a 17.75% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 30,375 shares of company stock worth $10,661,109 over the last quarter. Company insiders own 0.68% of the company’s stock.

Rockwell Automation Stock Up 0.3%

Shares of Rockwell Automation stock opened at $373.67 on Friday. The company has a quick ratio of 0.72, a current ratio of 1.06 and a debt-to-equity ratio of 0.72. The company has a market cap of $42.01 billion, a P/E ratio of 43.86, a PEG ratio of 3.30 and a beta of 1.45. The firm’s 50 day moving average price is $349.71 and its 200-day moving average price is $331.38. Rockwell Automation, Inc. has a 52-week low of $215.00 and a 52-week high of $396.89.

Rockwell Automation (NYSE:ROK) last announced its earnings results on Thursday, November 6th. The industrial products company reported $3.34 earnings per share 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 company had revenue of $2.32 billion during the quarter, compared to the consensus estimate of $2.19 billion. During the same period last year, the firm earned $2.47 earnings per share. Rockwell Automation’s revenue was up 13.8% compared to the same quarter last year. Rockwell Automation has set its FY 2026 guidance at 11.200-12.200 EPS. On average, sell-side analysts predict that Rockwell Automation, Inc. will post 9.35 EPS for the current fiscal year.

Rockwell Automation Increases Dividend

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