Police & Firemen s Retirement System of New Jersey Purchases 821 Shares of Rockwell Automation, Inc. $ROK

Police & Firemen s Retirement System of New Jersey lifted its holdings in Rockwell Automation, Inc. (NYSE:ROK) by 5.0% in the second quarter, HoldingsChannel reports. The firm owned 17,126 shares of the industrial products company’s stock after purchasing an additional 821 shares during the quarter. Police & Firemen s Retirement System of New Jersey’s holdings in Rockwell Automation were worth $5,689,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Geode Capital Management LLC lifted its position in Rockwell Automation by 1.7% during the second quarter. Geode Capital Management LLC now owns 2,874,428 shares of the industrial products company’s stock valued at $950,744,000 after purchasing an additional 48,105 shares during the last quarter. Accredited Investors Inc. raised its position in shares of Rockwell Automation by 8.3% during the 2nd quarter. Accredited Investors Inc. now owns 955 shares of the industrial products company’s stock valued at $317,000 after buying an additional 73 shares in the last quarter. United Asset Strategies Inc. bought a new position in shares of Rockwell Automation in the 2nd quarter valued at about $202,000. M&G PLC bought a new position in shares of Rockwell Automation in the 2nd quarter valued at about $7,790,000. Finally, Mitsubishi UFJ Trust & Banking Corp grew its position in Rockwell Automation by 16.7% in the second quarter. Mitsubishi UFJ Trust & Banking Corp now owns 66,017 shares of the industrial products company’s stock worth $21,929,000 after acquiring an additional 9,444 shares in the last quarter. Hedge funds and other institutional investors own 75.75% of the company’s stock.

Wall Street Analyst Weigh In

ROK has been the topic of a number of recent research reports. Wall Street Zen upgraded Rockwell Automation from a “hold” rating to a “buy” rating in a research report on Sunday, September 21st. JPMorgan Chase & Co. boosted their target price on Rockwell Automation from $357.00 to $400.00 and gave the company a “neutral” rating in a research report on Tuesday. KeyCorp increased their price target on Rockwell Automation from $370.00 to $380.00 and gave the company an “overweight” rating in a report on Thursday, August 7th. Barclays raised their price target on Rockwell Automation from $370.00 to $417.00 and gave the stock an “overweight” rating in a research report on Friday, November 7th. Finally, Morgan Stanley boosted their price objective on shares of Rockwell Automation from $385.00 to $435.00 and gave the company an “overweight” rating in a research report on Monday, November 10th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $364.75.

Rockwell Automation Stock Performance

Shares of Rockwell Automation stock opened at $376.59 on Friday. Rockwell Automation, Inc. has a 52 week low of $215.00 and a 52 week high of $398.20. The company has a market capitalization of $42.34 billion, a PE ratio of 44.20, a price-to-earnings-growth ratio of 3.30 and a beta of 1.45. The stock’s fifty day moving average is $354.36 and its two-hundred day moving average is $336.35. The company has a quick ratio of 0.72, a current ratio of 1.06 and a debt-to-equity ratio of 0.72.

Rockwell Automation (NYSE:ROK) last issued 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 firm had revenue of $2.32 billion during the quarter, compared to analyst estimates of $2.19 billion. Rockwell Automation had a net margin of 12.03% and a return on equity of 30.14%. The business’s revenue was up 13.8% on a year-over-year basis. During the same period in the previous year, the firm earned $2.47 earnings per share. Rockwell Automation has set its FY 2026 guidance at 11.200-12.200 EPS. As a group, analysts expect that Rockwell Automation, Inc. will post 9.35 earnings per share for the current year.

Rockwell Automation Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Monday, November 17th will be issued a $1.38 dividend. The ex-dividend date is Monday, November 17th. This is a positive change from Rockwell Automation’s previous quarterly dividend of $1.31. This represents a $5.52 dividend on an annualized basis and a dividend yield of 1.5%. Rockwell Automation’s dividend payout ratio (DPR) is presently 72.06%.

Insider Buying and Selling

In other Rockwell Automation news, CEO Blake D. Moret sold 61,700 shares of the firm’s stock in a transaction on Thursday, November 6th. The stock was sold at an average price of $391.56, for a total transaction of $24,159,252.00. Following the transaction, the chief executive officer directly owned 83,873 shares in the company, valued at $32,841,311.88. This trade represents a 42.38% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Matheus De A. G. Viera Bulho sold 822 shares of the company’s stock in a transaction on Wednesday, October 29th. The stock was sold at an average price of $365.00, for a total value of $300,030.00. Following the completion of the sale, the senior vice president owned 983 shares of the company’s stock, valued at $358,795. This represents a 45.54% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 92,075 shares of company stock valued at $34,820,361 over the last 90 days. 0.68% of the stock is owned by insiders.

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.