Rockwell Automation, Inc. $ROK Stock Holdings Lessened by North Star Asset Management Inc.

North Star Asset Management Inc. cut its stake in shares of Rockwell Automation, Inc. (NYSE:ROK) by 1.2% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 52,369 shares of the industrial products company’s stock after selling 618 shares during the quarter. North Star Asset Management Inc.’s holdings in Rockwell Automation were worth $17,395,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of Rockwell Automation by 1.5% in the 2nd quarter. Vanguard Group Inc. now owns 14,058,406 shares of the industrial products company’s stock valued at $4,669,781,000 after purchasing an additional 207,448 shares during the period. Geode Capital Management LLC lifted its stake in Rockwell Automation by 1.7% during the second quarter. Geode Capital Management LLC now owns 2,874,428 shares of the industrial products company’s stock valued at $950,744,000 after buying an additional 48,105 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of Rockwell Automation by 11.8% in the first quarter. Goldman Sachs Group Inc. now owns 1,819,379 shares of the industrial products company’s stock worth $470,091,000 after buying an additional 191,370 shares during the period. Charles Schwab Investment Management Inc. increased its position in shares of Rockwell Automation by 0.6% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,579,956 shares of the industrial products company’s stock worth $408,229,000 after acquiring an additional 9,920 shares in the last quarter. Finally, Invesco Ltd. raised its holdings in shares of Rockwell Automation by 2.2% during the first quarter. Invesco Ltd. now owns 1,448,160 shares of the industrial products company’s stock valued at $374,176,000 after acquiring an additional 30,837 shares during the period. 75.75% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Rockwell Automation

In related news, SVP Cyril Perducat sold 1,435 shares of Rockwell Automation stock in a transaction on Friday, August 29th. The shares were 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 approximately $1,318,178.96. The trade was a 27.48% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Matheus De A. G. Viera Bulho sold 822 shares of the company’s stock in a transaction 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 completion of the sale, the senior vice president owned 983 shares of the company’s stock, valued at $358,795. This represents a 45.54% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 89,075 shares of company stock valued at $33,752,181 over the last three months. 0.68% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

ROK has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. raised their price objective on shares of Rockwell Automation from $357.00 to $400.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 11th. Wells Fargo & Company increased their target price on Rockwell Automation from $355.00 to $380.00 and gave the company an “equal weight” rating in a report on Friday, November 7th. Citigroup reiterated a “buy” rating on shares of Rockwell Automation in a report on Thursday, October 9th. Wall Street Zen raised Rockwell Automation from a “hold” rating to a “buy” rating in a research report on Sunday, September 21st. Finally, Bank of America raised their price objective on Rockwell Automation from $410.00 to $430.00 and gave the stock a “buy” rating in a research report on Thursday, November 20th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $371.44.

Rockwell Automation Trading Up 1.6%

Rockwell Automation stock opened at $384.90 on Tuesday. Rockwell Automation, Inc. has a 12 month low of $215.00 and a 12 month high of $398.20. The company has a quick ratio of 0.72, a current ratio of 1.06 and a debt-to-equity ratio of 0.72. The stock has a market cap of $43.21 billion, a P/E ratio of 45.18, a P/E/G ratio of 3.30 and a beta of 1.45. The company’s fifty day simple moving average is $357.80 and its 200-day simple moving average is $342.23.

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

Rockwell Automation Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Monday, November 17th will be given a dividend of $1.38 per share. The ex-dividend date of this dividend is Monday, November 17th. This is a boost from Rockwell Automation’s previous quarterly dividend of $1.31. This represents a $5.52 annualized dividend and a yield of 1.4%. Rockwell Automation’s payout ratio is 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.