Cornerstone Advisors LLC Sells 400 Shares of Rockwell Automation, Inc. $ROK

Cornerstone Advisors LLC reduced its holdings in shares of Rockwell Automation, Inc. (NYSE:ROK) by 5.6% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 6,800 shares of the industrial products company’s stock after selling 400 shares during the quarter. Cornerstone Advisors LLC’s holdings in Rockwell Automation were worth $2,259,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. IMA Advisory Services Inc. bought a new stake in Rockwell Automation during the 1st quarter valued at $32,000. Legend Financial Advisors Inc. purchased a new position in shares of Rockwell Automation in the second quarter valued at $39,000. SBI Securities Co. Ltd. raised its stake in shares of Rockwell Automation by 48.7% during the 2nd quarter. SBI Securities Co. Ltd. now owns 116 shares of the industrial products company’s stock valued at $39,000 after purchasing an additional 38 shares during the period. Cary Street Partners Investment Advisory LLC lifted its holdings in Rockwell Automation by 59.6% during the 1st quarter. Cary Street Partners Investment Advisory LLC now owns 166 shares of the industrial products company’s stock worth $43,000 after purchasing an additional 62 shares in the last quarter. Finally, AdvisorShares Investments LLC bought a new position in Rockwell Automation in the 2nd quarter worth about $50,000. 75.75% of the stock is owned by institutional investors.

Insider Transactions at Rockwell Automation

In other Rockwell Automation news, SVP Cyril Perducat sold 1,435 shares of the company’s stock in a transaction that occurred on Friday, August 29th. The stock was sold at an average price of $348.08, for a total value of $499,494.80. Following the completion of the sale, the senior vice president owned 3,787 shares of the company’s stock, valued at $1,318,178.96. This represents a 27.48% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Matheus De A. G. Viera Bulho sold 822 shares of Rockwell Automation stock in a transaction that occurred on Wednesday, October 29th. The stock was sold at an average price of $365.00, for a total transaction of $300,030.00. Following the transaction, the senior vice president directly owned 983 shares in the company, valued at $358,795. This trade represents a 45.54% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 92,075 shares of company stock worth $34,820,361. Company insiders own 0.68% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on ROK. JPMorgan Chase & Co. upped their price target on Rockwell Automation from $357.00 to $400.00 and gave the company a “neutral” rating in a research report on Tuesday, November 11th. Oppenheimer reaffirmed an “outperform” rating and set a $391.00 price objective on shares of Rockwell Automation in a research note on Friday, November 7th. Weiss Ratings lowered shares of Rockwell Automation from a “buy (b-)” rating to a “hold (c)” rating in a report on Thursday. Wells Fargo & Company raised their price target on shares of Rockwell Automation from $355.00 to $380.00 and gave the company an “equal weight” rating in a report on Friday, November 7th. Finally, Morgan Stanley boosted their price target on shares of Rockwell Automation from $385.00 to $435.00 and gave the company an “overweight” rating in a research report on Monday, November 10th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $364.75.

Rockwell Automation Trading Down 0.8%

Shares of Rockwell Automation stock opened at $376.59 on Monday. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.06 and a quick ratio of 0.72. Rockwell Automation, Inc. has a 1 year low of $215.00 and a 1 year high of $398.20. The firm has a market cap of $42.28 billion, a PE ratio of 44.20, a PEG ratio of 3.30 and a beta of 1.45. The company has a 50 day simple moving average of $354.36 and a two-hundred day simple moving average of $337.60.

Rockwell Automation (NYSE:ROK) last posted its quarterly earnings data on Thursday, November 6th. The industrial products company reported $3.34 earnings per share for the quarter, beating the consensus estimate of $2.94 by $0.40. Rockwell Automation had a net margin of 12.03% and a return on equity of 30.14%. The firm had revenue of $2.32 billion for the quarter, compared to analysts’ expectations of $2.19 billion. During the same quarter last year, the company posted $2.47 EPS. The business’s quarterly revenue was up 13.8% on a year-over-year basis. Rockwell Automation has set its FY 2026 guidance at 11.200-12.200 EPS. Analysts expect that Rockwell Automation, Inc. will post 9.35 earnings per share for the current fiscal year.

Rockwell Automation Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders of record on Monday, November 17th will be paid a dividend of $1.38 per share. This represents a $5.52 annualized dividend and a yield of 1.5%. This is an increase from Rockwell Automation’s previous quarterly dividend of $1.31. The ex-dividend date of this dividend is Monday, November 17th. Rockwell Automation’s dividend payout ratio is presently 72.06%.

Rockwell Automation Profile

Rockwell Automation, Inc provides industrial automation and digital transformation solutions in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. The company operates through three segments, Intelligent Devices, Software & Control, and Lifecycle Services. Its solutions include hardware and software products and services.