CORDA Investment Management LLC. Acquires Shares of 3,216 Rockwell Automation, Inc. $ROK

CORDA Investment Management LLC. bought a new position in shares of Rockwell Automation, Inc. (NYSE:ROK) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 3,216 shares of the industrial products company’s stock, valued at approximately $1,592,000.

Other large investors have also modified their holdings of the company. Castle Rock Wealth Management LLC lifted its stake in shares of Rockwell Automation by 2.2% in the second quarter. Castle Rock Wealth Management LLC now owns 1,038 shares of the industrial products company’s stock worth $501,000 after buying an additional 22 shares in the last quarter. Richards Merrill & Peterson Inc. grew its stake in Rockwell Automation by 1.9% during the 1st quarter. Richards Merrill & Peterson Inc. now owns 1,358 shares of the industrial products company’s stock valued at $487,000 after acquiring an additional 25 shares in the last quarter. Cidel Asset Management Inc. grew its stake in Rockwell Automation by 4.6% during the 1st quarter. Cidel Asset Management Inc. now owns 574 shares of the industrial products company’s stock valued at $206,000 after acquiring an additional 25 shares in the last quarter. HBK Sorce Advisory LLC raised its holdings in Rockwell Automation by 0.7% in the 4th quarter. HBK Sorce Advisory LLC now owns 3,719 shares of the industrial products company’s stock valued at $1,544,000 after acquiring an additional 27 shares during the last quarter. Finally, Johnson Investment Counsel Inc. lifted its stake in Rockwell Automation by 1.9% in the 4th quarter. Johnson Investment Counsel Inc. now owns 1,412 shares of the industrial products company’s stock worth $549,000 after purchasing an additional 27 shares in the last quarter. Hedge funds and other institutional investors own 75.75% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. Sanford C. Bernstein boosted their target price on Rockwell Automation from $501.00 to $514.00 and gave the stock a “market perform” rating in a report on Friday. JPMorgan Chase & Co. lifted their price objective on Rockwell Automation from $404.00 to $417.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 6th. TD Cowen boosted their price objective on Rockwell Automation from $350.00 to $400.00 and gave the stock a “hold” rating in a research note on Wednesday, May 13th. Rothschild & Co Redburn boosted their price objective on Rockwell Automation from $365.00 to $378.00 in a research note on Wednesday, May 6th. Finally, Zacks Research cut Rockwell Automation from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 30th. Nine research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company’s stock. According to data from MarketBeat, Rockwell Automation has a consensus rating of “Hold” and an average target price of $468.67.

Insiders Place Their Bets

In other news, SVP Matthew W. Fordenwalt sold 377 shares of the company’s stock in a transaction on Thursday, June 4th. The stock was sold at an average price of $460.51, for a total value of $173,612.27. Following the transaction, the senior vice president owned 4,437 shares of the company’s stock, valued at $2,043,282.87. This represents a 7.83% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at 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 the 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 owned 5,615 shares of the company’s stock, valued at approximately $2,392,102.30. This represents a 15.80% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 1,649 shares of company stock worth $722,119 in the last 90 days. Company insiders own 0.76% of the company’s stock.

Rockwell Automation Stock Performance

Rockwell Automation stock opened at $449.33 on Friday. The firm has a 50 day simple moving average of $463.72 and a 200-day simple moving average of $426.45. The stock has a market cap of $49.90 billion, a price-to-earnings ratio of 42.11, a price-to-earnings-growth ratio of 2.62 and a beta of 1.54. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.08 and a quick ratio of 0.74. Rockwell Automation, Inc. has a 1-year low of $332.71 and a 1-year high of $497.36.

Rockwell Automation (NYSE:ROK) last released its quarterly earnings results on Tuesday, August 4th. The industrial products company reported $3.49 EPS for the quarter, beating the consensus estimate of $3.38 by $0.11. Rockwell Automation had a net margin of 13.39% and a return on equity of 39.83%. The firm had revenue of $2.31 billion for the quarter, compared to analyst estimates of $2.24 billion. During the same quarter in the previous year, the company earned $2.82 EPS. The business’s revenue for the quarter was up 7.9% compared to the same quarter last year. Rockwell Automation has set its FY 2026 guidance at 13.000-13.300 EPS. On average, analysts expect that Rockwell Automation, Inc. will post 13.22 EPS for the current year.

Rockwell Automation Dividend Announcement

The firm also recently announced 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. The ex-dividend date is Monday, August 17th. This represents a $5.52 dividend on an annualized basis and a yield of 1.2%. Rockwell Automation’s payout ratio is currently 51.73%.

Rockwell Automation announced that its board has initiated a share repurchase plan on Tuesday, June 9th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the industrial products company to repurchase up to 2% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board believes its shares are undervalued.

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.