CI Investments Inc. Has $879,000 Position in Rockwell Automation, Inc. $ROK

CI Investments Inc. raised its stake in shares of Rockwell Automation, Inc. (NYSE:ROK) by 137.3% during the 1st quarter, HoldingsChannel reports. The firm owned 2,449 shares of the industrial products company’s stock after purchasing an additional 1,417 shares during the quarter. CI Investments Inc.’s holdings in Rockwell Automation were worth $879,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of ROK. MV Capital Management Inc. acquired a new stake in shares of Rockwell Automation in the fourth quarter worth $28,000. Manchester Capital Management LLC grew its stake in Rockwell Automation by 97.5% in the 4th quarter. Manchester Capital Management LLC now owns 79 shares of the industrial products company’s stock valued at $31,000 after buying an additional 39 shares during the last quarter. Cassaday & Co Wealth Management LLC acquired a new position in Rockwell Automation in the 1st quarter valued at $31,000. First Horizon Corp bought a new position in Rockwell Automation in the 4th quarter worth $32,000. Finally, BOK Financial Private Wealth Inc. bought a new position in Rockwell Automation in the 4th quarter worth $33,000. Institutional investors own 75.75% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on ROK shares. Robert W. Baird upped their price target on shares of Rockwell Automation from $470.00 to $527.00 and gave the company an “outperform” rating in a report on Wednesday, July 1st. Wells Fargo & Company lifted their price objective on Rockwell Automation from $360.00 to $440.00 and gave the stock an “equal weight” rating in a research note on Wednesday, May 6th. Weiss Ratings reissued a “buy (b-)” rating on shares of Rockwell Automation in a research report on Thursday, June 18th. Evercore raised their target price on Rockwell Automation from $440.00 to $480.00 in a report on Wednesday, May 6th. Finally, The Goldman Sachs Group lifted their price target on Rockwell Automation from $448.00 to $487.00 in a research report on Wednesday, May 6th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and eleven have given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $469.33.

Rockwell Automation Stock Up 0.4%

Shares of ROK opened at $462.55 on Friday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.76 and a current ratio of 1.09. The company has a 50-day simple moving average of $461.94 and a 200-day simple moving average of $422.04. Rockwell Automation, Inc. has a 52 week low of $305.44 and a 52 week high of $497.36. The firm has a market capitalization of $51.47 billion, a P/E ratio of 48.08, a P/E/G ratio of 2.94 and a beta of 1.54.

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

Rockwell Automation Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Monday, August 17th will be given a dividend of $1.38 per share. The ex-dividend date is Monday, August 17th. This represents a $5.52 dividend on an annualized basis and a dividend yield of 1.2%. Rockwell Automation’s payout ratio is currently 57.38%.

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 Buying and Selling at Rockwell Automation

In other Rockwell Automation news, VP John M. Miller sold 1,054 shares of the business’s stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $426.02, for a total value of $449,025.08. Following the sale, the vice president owned 5,615 shares of the company’s stock, valued at $2,392,102.30. The trade was a 15.80% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Christopher Nardecchia sold 2,538 shares of the stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $446.43, for a total transaction of $1,133,039.34. Following the completion of the transaction, the senior vice president owned 14,232 shares of the company’s stock, valued at approximately $6,353,591.76. This represents a 15.13% decrease in their position. The SEC filing for this sale provides additional information. 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 quarter. 0.76% of the stock is currently owned by corporate insiders.

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.