Covestor Ltd Boosts Stock Position in Rockwell Automation, Inc. $ROK

Covestor Ltd grew its holdings in Rockwell Automation, Inc. (NYSE:ROK) by 764.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,582 shares of the industrial products company’s stock after purchasing an additional 1,399 shares during the period. Covestor Ltd’s holdings in Rockwell Automation were worth $615,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in ROK. Forefront Wealth Partners LLC purchased a new stake in shares of Rockwell Automation during the fourth quarter valued at $214,000. Larson Financial Group LLC lifted its holdings in Rockwell Automation by 18.9% during the 4th quarter. Larson Financial Group LLC now owns 586 shares of the industrial products company’s stock valued at $228,000 after buying an additional 93 shares in the last quarter. Handelsbanken Fonder AB boosted its position in Rockwell Automation by 24.6% in the 4th quarter. Handelsbanken Fonder AB now owns 169,457 shares of the industrial products company’s stock valued at $65,931,000 after buying an additional 33,413 shares during the period. ProShare Advisors LLC boosted its position in Rockwell Automation by 8.4% in the 4th quarter. ProShare Advisors LLC now owns 20,912 shares of the industrial products company’s stock valued at $8,136,000 after buying an additional 1,624 shares during the period. Finally, Frisch Financial Group Inc. bought a new position in Rockwell Automation in the 4th quarter worth about $206,000. 75.75% of the stock is currently owned by institutional investors.

Rockwell Automation Price Performance

Shares of ROK opened at $422.79 on Wednesday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.76 and a current ratio of 1.09. The company has a 50 day moving average price of $395.15 and a 200-day moving average price of $397.09. Rockwell Automation, Inc. has a fifty-two week low of $298.70 and a fifty-two week high of $463.48. The stock has a market capitalization of $47.04 billion, a PE ratio of 43.95, a PEG ratio of 2.79 and a beta of 1.56.

Rockwell Automation (NYSE:ROK) last issued its quarterly earnings data on Tuesday, May 5th. The industrial products company reported $3.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.88 by $0.42. The company had revenue of $2.24 billion for the quarter, compared to analyst estimates of $2.16 billion. Rockwell Automation had a net margin of 12.36% and a return on equity of 37.54%. Rockwell Automation’s revenue was up 11.9% compared to the same quarter last year. During the same period last year, the company posted $2.45 earnings per share. Rockwell Automation has set its FY 2026 guidance at 12.500-13.100 EPS. Equities analysts predict that Rockwell Automation, Inc. will post 13.01 earnings per share for the current fiscal year.

Rockwell Automation Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Monday, May 18th will be given a $1.38 dividend. This represents a $5.52 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend is Monday, May 18th. Rockwell Automation’s payout ratio is presently 57.38%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Mizuho set a $445.00 target price on shares of Rockwell Automation in a research report on Wednesday, May 6th. The Goldman Sachs Group increased their price objective on Rockwell Automation from $448.00 to $487.00 in a research note on Wednesday, May 6th. Oppenheimer downgraded Rockwell Automation from an “outperform” rating to a “market perform” rating in a report on Tuesday, January 20th. Wells Fargo & Company lifted their target price on Rockwell Automation from $360.00 to $440.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 6th. Finally, Barclays upped their target price on Rockwell Automation from $400.00 to $480.00 and gave the stock an “overweight” rating in a report on Wednesday, May 6th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat, Rockwell Automation currently has a consensus rating of “Moderate Buy” and an average price target of $449.16.

Insider Transactions at Rockwell Automation

In other Rockwell Automation news, VP Scott Genereux sold 17,407 shares of Rockwell Automation stock in a transaction dated Wednesday, February 25th. The stock was sold at an average price of $404.61, for a total value of $7,043,046.27. Following the transaction, the vice president owned 3,314 shares in the company, valued at $1,340,877.54. The trade was a 84.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Christopher Nardecchia sold 14,465 shares of the business’s stock in a transaction dated Thursday, February 26th. The stock was sold at an average price of $410.01, for a total transaction of $5,930,794.65. Following the completion of the transaction, the senior vice president owned 14,232 shares of the company’s stock, valued at $5,835,262.32. This represents a 50.41% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 59,087 shares of company stock worth $24,296,483. Company insiders own 0.76% of the company’s stock.

About Rockwell Automation

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.