Rockwell Automation, Inc. $ROK Shares Bought by PensionDanmark Pensionsforsikringsaktieselskab

PensionDanmark Pensionsforsikringsaktieselskab grew its holdings in Rockwell Automation, Inc. (NYSE:ROK) by 7.9% during the second quarter, HoldingsChannel.com reports. The fund owned 36,876 shares of the industrial products company’s stock after purchasing an additional 2,707 shares during the quarter. PensionDanmark Pensionsforsikringsaktieselskab’s holdings in Rockwell Automation were worth $18,257,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in ROK. Richards Merrill & Peterson Inc. increased its position in Rockwell Automation by 1.9% during the first quarter. Richards Merrill & Peterson Inc. now owns 1,358 shares of the industrial products company’s stock worth $487,000 after buying an additional 25 shares during the last quarter. Cidel Asset Management Inc. lifted its position in shares of Rockwell Automation by 4.6% in the first quarter. Cidel Asset Management Inc. now owns 574 shares of the industrial products company’s stock worth $206,000 after buying an additional 25 shares during the last quarter. HBK Sorce Advisory LLC lifted its position in shares of Rockwell Automation by 0.7% in the fourth quarter. HBK Sorce Advisory LLC now owns 3,719 shares of the industrial products company’s stock worth $1,544,000 after buying an additional 27 shares during the last quarter. Johnson Investment Counsel Inc. boosted its stake in shares of Rockwell Automation by 1.9% during the 4th quarter. Johnson Investment Counsel Inc. now owns 1,412 shares of the industrial products company’s stock worth $549,000 after acquiring an additional 27 shares in the last quarter. Finally, Nations Financial Group Inc. IA ADV boosted its stake in shares of Rockwell Automation by 2.0% during the 4th quarter. Nations Financial Group Inc. IA ADV now owns 1,446 shares of the industrial products company’s stock worth $563,000 after acquiring an additional 28 shares in the last quarter. Institutional investors and hedge funds own 75.75% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on ROK. Weiss Ratings reissued a “buy (b-)” rating on shares of Rockwell Automation in a research note on Thursday, June 18th. DA Davidson initiated coverage on Rockwell Automation in a research report on Tuesday, June 16th. They set a “neutral” rating and a $500.00 target price for the company. Morgan Stanley reiterated an “overweight” rating and set a $525.00 price target on shares of Rockwell Automation in a report on Wednesday, May 6th. Rothschild & Co Redburn lifted their price target on shares of Rockwell Automation from $365.00 to $378.00 in a research report on Wednesday, May 6th. Finally, KeyCorp boosted their price objective on shares of Rockwell Automation from $470.00 to $510.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 6th. Nine investment analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $468.05.

Rockwell Automation Price Performance

NYSE ROK opened at $440.95 on Friday. The stock has a 50-day simple moving average of $464.99 and a 200 day simple moving average of $425.44. Rockwell Automation, Inc. has a twelve month low of $328.70 and a twelve month high of $497.36. The stock has a market capitalization of $48.97 billion, a PE ratio of 41.33, a P/E/G ratio of 2.58 and a beta of 1.54. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.76 and a current ratio of 1.08.

Rockwell Automation (NYSE:ROK) last released its earnings results on Tuesday, August 4th. The industrial products company reported $3.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.38 by $0.11. Rockwell Automation had a return on equity of 39.83% and a net margin of 13.39%.The firm had revenue of $2.31 billion for the quarter, compared to analyst estimates of $2.24 billion. During the same quarter last year, the firm posted $2.82 EPS. The company’s revenue was up 7.9% on a year-over-year basis. Rockwell Automation has set its FY 2026 guidance at 13.000-13.300 EPS. Research analysts anticipate that Rockwell Automation, Inc. will post 13.19 EPS for the current year.

Rockwell Automation Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Monday, August 17th will be given a $1.38 dividend. This represents a $5.52 annualized dividend and a yield of 1.3%. The ex-dividend date is Monday, August 17th. Rockwell Automation’s dividend payout ratio (DPR) is currently 51.73%.

Rockwell Automation declared that its Board of Directors has approved 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 leadership believes its shares are undervalued.

Insider Transactions at Rockwell Automation

In related news, VP John M. Miller sold 1,054 shares of the company’s 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 completion of the transaction, the vice president directly owned 5,615 shares in the company, valued at approximately $2,392,102.30. This represents a 15.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Matthew W. Fordenwalt sold 377 shares of the business’s stock in a transaction on Thursday, June 4th. The shares were sold at an average price of $460.51, for a total transaction of $173,612.27. Following the completion of the sale, the senior vice president directly owned 4,437 shares in the company, valued at $2,043,282.87. This trade represents a 7.83% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 1,649 shares of company stock valued at $722,119 in the last ninety days. 0.76% of the stock is owned by company insiders.

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.