Lombard Odier Asset Management Europe Ltd Increases Stock Holdings in Rockwell Automation, Inc. $ROK

Lombard Odier Asset Management Europe Ltd grew its stake in Rockwell Automation, Inc. (NYSE:ROK) by 54.2% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 36,211 shares of the industrial products company’s stock after purchasing an additional 12,727 shares during the period. Lombard Odier Asset Management Europe Ltd’s holdings in Rockwell Automation were worth $12,995,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Oak Thistle LLC acquired a new position in shares of Rockwell Automation during the fourth quarter worth about $1,556,000. Brighton Jones LLC acquired a new stake in Rockwell Automation in the fourth quarter valued at about $281,000. Mandatum Life Insurance Co Ltd lifted its position in Rockwell Automation by 26.9% in the first quarter. Mandatum Life Insurance Co Ltd now owns 22,200 shares of the industrial products company’s stock valued at $7,967,000 after purchasing an additional 4,700 shares during the period. Handelsbanken Fonder AB boosted its holdings 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 purchasing an additional 33,413 shares in the last quarter. Finally, Crossmark Global Holdings Inc. boosted its holdings in Rockwell Automation by 197.9% in the 4th quarter. Crossmark Global Holdings Inc. now owns 13,905 shares of the industrial products company’s stock valued at $5,410,000 after purchasing an additional 9,238 shares in the last quarter. Hedge funds and other institutional investors own 75.75% of the company’s stock.

Insider Activity

In other news, VP Scott Genereux sold 550 shares of Rockwell Automation stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $447.73, for a total transaction of $246,251.50. Following the completion of the transaction, the vice president owned 2,764 shares of the company’s stock, valued at $1,237,525.72. The trade was a 16.60% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP John M. Miller sold 1,054 shares of Rockwell Automation stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $426.02, for a total value of $449,025.08. Following the transaction, the vice president directly owned 5,615 shares of the company’s stock, valued at $2,392,102.30. This trade represents a 15.80% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 9,361 shares of company stock valued at $4,189,886 in the last 90 days. Insiders own 0.76% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. HSBC increased their target price on Rockwell Automation from $445.00 to $490.00 in a research note on Wednesday, May 6th. KeyCorp lifted their price target on Rockwell Automation from $470.00 to $510.00 and gave the company an “overweight” rating in a research note on Wednesday, May 6th. Morgan Stanley reaffirmed an “overweight” rating and set a $525.00 price objective on shares of Rockwell Automation in a report on Wednesday, May 6th. Argus increased their price objective on Rockwell Automation from $465.00 to $530.00 and gave the stock a “buy” rating in a research report on Wednesday, June 24th. Finally, BNP Paribas Exane raised their target price on Rockwell Automation from $495.00 to $515.00 in a report on Wednesday, May 6th. Nine equities research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $469.33.

Rockwell Automation Trading Up 0.3%

Shares of Rockwell Automation stock opened at $481.31 on Monday. Rockwell Automation, Inc. has a 12-month low of $305.44 and a 12-month high of $497.36. The company has a current ratio of 1.09, a quick ratio of 0.76 and a debt-to-equity ratio of 0.72. The stock has a market cap of $53.56 billion, a PE ratio of 50.03, a price-to-earnings-growth ratio of 2.84 and a beta of 1.54. The company has a 50-day moving average of $465.17 and a two-hundred day moving average of $424.27.

Rockwell Automation (NYSE:ROK) last posted its quarterly earnings results on Tuesday, May 5th. The industrial products company reported $3.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.88 by $0.42. The company had revenue of $2.24 billion during the quarter, compared to the consensus estimate of $2.16 billion. Rockwell Automation had a net margin of 12.36% and a return on equity of 37.54%. The company’s revenue for the quarter was up 11.9% on a year-over-year basis. During the same period last year, the firm earned $2.45 EPS. Rockwell Automation has set its FY 2026 guidance at 12.500-13.100 EPS. On average, research analysts anticipate that Rockwell Automation, Inc. will post 13.06 EPS for the current fiscal year.

Rockwell Automation declared that its Board of Directors has initiated a share repurchase program on Tuesday, June 9th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the industrial products company to buy up to 2% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s management believes its stock is undervalued.

Rockwell Automation Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Monday, August 17th will be issued a dividend of $1.38 per share. The ex-dividend date of this dividend is Monday, August 17th. This represents a $5.52 annualized dividend and a yield of 1.1%. Rockwell Automation’s payout ratio is currently 57.38%.

Rockwell Automation 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.