Geode Capital Management LLC Acquires 17,855 Shares of Rockwell Automation, Inc. $ROK

Geode Capital Management LLC grew its holdings in Rockwell Automation, Inc. (NYSE:ROK) by 0.6% in the 4th quarter, Holdings Channel reports. The fund owned 2,924,501 shares of the industrial products company’s stock after purchasing an additional 17,855 shares during the quarter. Geode Capital Management LLC’s holdings in Rockwell Automation were worth $1,133,397,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. First Horizon Corp bought a new stake in shares of Rockwell Automation in the fourth quarter worth about $32,000. BOK Financial Private Wealth Inc. bought a new stake in shares of Rockwell Automation in the fourth quarter worth about $33,000. Fortitude Family Office LLC increased its holdings in shares of Rockwell Automation by 109.5% in the fourth quarter. Fortitude Family Office LLC now owns 88 shares of the industrial products company’s stock worth $34,000 after acquiring an additional 46 shares in the last quarter. Ameriflex Group Inc. increased its holdings in shares of Rockwell Automation by 100.0% in the third quarter. Ameriflex Group Inc. now owns 100 shares of the industrial products company’s stock worth $35,000 after acquiring an additional 50 shares in the last quarter. Finally, Dynamic Wealth Strategies LLC increased its holdings in shares of Rockwell Automation by 80.7% in the fourth quarter. Dynamic Wealth Strategies LLC now owns 103 shares of the industrial products company’s stock worth $40,000 after acquiring an additional 46 shares in the last quarter. 75.75% of the stock is currently owned by institutional investors.

Insider Activity

In related news, VP Terry L. Riesterer sold 4,024 shares of the stock in a transaction that occurred on Thursday, May 7th. The stock was sold at an average price of $451.97, for a total transaction of $1,818,727.28. Following the completion of the transaction, the vice president directly owned 134 shares of the company’s stock, valued at approximately $60,563.98. This represents a 96.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Matheus De A. G. Viera Bulho sold 1,250 shares of the stock in a transaction that occurred on Wednesday, April 8th. The shares were sold at an average price of $387.50, for a total value of $484,375.00. Following the transaction, the senior vice president directly owned 1,734 shares of the company’s stock, valued at $671,925. This trade represents a 41.89% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 11,713 shares of company stock valued at $5,066,717. Corporate insiders own 0.76% of the company’s stock.

Rockwell Automation Stock Down 0.7%

NYSE:ROK opened at $451.65 on Friday. 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 market cap of $50.26 billion, a PE ratio of 46.95, a PEG ratio of 2.91 and a beta of 1.56. Rockwell Automation, Inc. has a 52-week low of $305.44 and a 52-week high of $463.48. The stock has a 50-day simple moving average of $408.81 and a 200 day simple moving average of $401.54.

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

Rockwell Automation Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Monday, May 18th will be issued a dividend of $1.38 per share. The ex-dividend date is Monday, May 18th. This represents a $5.52 dividend on an annualized basis and a dividend yield of 1.2%. Rockwell Automation’s dividend payout ratio (DPR) is presently 57.38%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. JPMorgan Chase & Co. increased their price target on Rockwell Automation from $404.00 to $417.00 and gave the stock a “neutral” rating in a report on Wednesday, May 6th. Morgan Stanley restated an “overweight” rating and issued a $525.00 price target on shares of Rockwell Automation in a report on Wednesday, May 6th. Weiss Ratings upgraded Rockwell Automation from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, March 25th. Mizuho set a $445.00 price objective on Rockwell Automation in a report on Wednesday, May 6th. Finally, Jefferies Financial Group reiterated a “hold” rating and set a $380.00 price objective (down from $490.00) on shares of Rockwell Automation in a report on Tuesday, March 31st. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and ten have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Rockwell Automation presently has an average rating of “Moderate Buy” and an average price target of $449.16.

Rockwell Automation Company Profile

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.